BBNI - To conduct stock split with ratio of 1:2

BBNI - To conduct stock split with ratio of 1:2 Bank Negara Indonesia (BBNI) will do stock split with ratio of 1:2. Management stated that the main goal of the corporate action is to increase demand for BBNI shares and widening investor basis. With the stock split price of BBNI share will become more affordable to individual / retail investors. (Source : Kontan). Comment : Post stock split, we believe BBNI’s share price become more affordable for individual/retail investor and thus will increase trading activity as well as liquidity at the same time. Supported by its solid 1H23 earnings results and more catalyst to come in 2H23, we think at current price BBNI shares looks attractive.