UOB Kay Hian Cuts Bank Mandiri Target Price to 4,665 Rupiah
Bank Mandiri faces a less certain credit and funding outlook, UOB Kay Hian says, cutting its target price to 4,665 rupiah from 5,150 rupiah.
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what happened
According to Newsmetry API, UOB Kay Hian analyst Posmarito Pakpahan says Bank Mandiri’s credit and funding outlook has become less certain. The bank is building provisions against corporate-loan exposure, while management expects this year’s cost of credit to be near the upper end of its 60-80 basis-point guidance. Its guidance for next year is 80-100 basis points.
About 341 trillion rupiah of the bank’s funding consists of repo, borrowings, interbank liabilities and securities issued. The analyst says this makes Bank Mandiri more sensitive to market conditions and rollover requirements. The brokerage cut its target price to 4,665 rupiah from 5,150 rupiah, partly reflecting a higher cost-of-equity assumption, while keeping its hold rating unchanged. The shares were 0.5% lower at 3,990 rupiah.
why it matters
The revised credit-cost guidance and lower target price highlight uncertainty around corporate-loan risk, funding costs and refinancing conditions for Bank Mandiri.
instruments
sources
- Bank Mandiri's Credit and Funding Outlook Seems More Uncertain — Market Talk — Newsmetry API, 13 October 2026 at 05:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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