Bank Mandiri's Credit and Funding Outlook Seems More Uncertain -- Market Talk

0509 GMT - Bank Mandiri's credit and funding outlook appears more uncertain, UOB Kay Hian's Posmarito Pakpahan says in a research report. The bank is building provision coverage for corporate-loan exposure, with management expecting this year's cost of credit to be near upper end of its 60-80 basis-point guidance and guiding for 80-100 basis points next year, the analyst notes. Given the bank's roughly 341 trillion rupiah of repo, borrowings, interbank liabilities and securities issued, these sources increase its sensitivity to market conditions and rollover requirements. The brokerage lowers the stock's target price to 4,665 rupiah from 5,150 rupiah to partly reflect higher cost of equity assumption, with an unchanged hold rating. Shares are 0.5% lower at 3,990 rupiah. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 13, 2026 01:09 ET (05:09 GMT)