PT Bank Central Asia Tbk (BBCA) dan entitas anak mencatatkan pertumbuhan laba sebesar 12,8 persen YoY menjadi Rp41,1 triliun hingga September 2024.
Presiden Direktur PT Bank Central Asia Tbk Jahja Setiaatmadja mengatakan, pertumbuhan ini ditopang oleh ekspansi pembiayaan berkualitas serta peningkatan volume transaksi dan pendanaan.
Presiden Direktur PT Bank Central Asia Tbk Jahja Setiaatmadja mengatakan, pertumbuhan ini ditopang oleh ekspansi pembiayaan berkualitas serta peningkatan volume transaksi dan pendanaan.
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TVTranscript
00:00Thank you so much for joining us in this program, which will of course be covering information about the real estate market.
00:11And this time, we will be covering the third quarter financial report that has started to be released.
00:17There was a BCA yesterday, which was able to record that clean environment grew by more than 12%.
00:24Before we discuss the report, let's take a look at some of the global economic agendas.
00:28From IHK Malaysia, year-on-year, and also in September,
00:32then the initial unemployment of the United States and the IMF meeting.
00:36Let's switch to the EMI10 agenda.
00:40There is a payment of cash dividends from ALI, then also UNTR, AUTO,
00:45RUPS from ENAV, and also RUPS from AMAR.
00:50Let's see how the Asia Stock Exchange update this morning,
00:53and how the US Stock Exchange, which tends to weaken, is doing with Europe.
01:03Let's take a look at the Asia Nikkei update.
01:05The S&P 500 rose by 0.54%.
01:07Singapore's S&P 500 rose by 0.33%.
01:09Korea's S&P 500 fell by 0.35%.
01:11Hong Kong's S&P 500 rose by 1.27%.
01:23Yes, the live stream has been connected via video conference.
01:25There is Mr. Abdul Haq Al-Faruqi, who is an analyst from stocknow.id.
01:30Mr. Abdul, how are you?
01:33Hello, Ma'am Risa. I'm fine.
01:34Hello. Thank you for joining us this morning.
01:37Let's talk about the third quarter's energy.
01:402024, one of them is BCA, which yesterday released its energy.
01:44How do you feel about the increase of around 12%?
01:50For BCA, the clean energy growth rate is 12.8% at 41.1 trillion rupiah.
02:01This is more than expected,
02:05although if we look at the average growth rate in 9 months of 2024 and 5 years ago,
02:14the average was 15%.
02:16But the growth rate of 12.8% is more than expected
02:21given that the flower species in the past few years are still on the verge of extinction.
02:27If we look at the assumption,
02:30if we analyze it,
02:33the clean energy growth rate of BCA in 9 months is 76% in full year.
02:39With the clean energy growth rate in 2024,
02:43the clean energy growth rate in 2024 will reach 50.9 trillion rupiah.
02:49The clean energy growth rate of BCA is supported by several credit segments.
02:57The most prominent is the corporate segment,
03:01which dominates the clean energy growth rate of Emiten
03:06and supports the net interest income of Emiten.
03:10For the corporate credit network,
03:12it rose 15.9% to 395.9 trillion rupiah.
03:18And also from other segments,
03:21such as the commercial credit segment or small companies,
03:24it grew 11%.
03:26And the UMKM and KPR credit also experienced growth
03:30up to the renewable energy sector,
03:33which also experienced a growth of 214 trillion rupiah.
03:38So this is a positive thing for BCA Bank
03:41to be able to continue its growth
03:43given that the flow rate is transitioning from high to prolonged.
03:47And the Fed has created a drawfish decision,
03:52so it is very interesting for BCA to be projected
03:56to have a growth rate of 12.8% in 2024.
03:59So 12.8% is above expectations,
04:04it can be categorized like that.
04:07It's still quite good because it is supported by several credits,
04:10including corporate credit that grew 15.9% year-on-year,
04:15then commercial credit, 11.8%.
04:19Then NPL savings, 193.9%.
04:23How do you feel about this?
04:26Well, for NPL savings here,
04:28BCA Bank really manages
04:31how the credit is distributed by banks.
04:34Here, the NPL savings is up to 193.9%.
04:38That's two times more than NPL,
04:41which has the potential to experience a payment failure like that.
04:46Well, for this savings figure, it's very good,
04:50where the management is very ready to face NPL,
04:54which suddenly experienced a drawback
04:56or experienced a high increase
04:58when the NPL and the economy in Indonesia experienced a recession.
05:03Like that in the future.
05:05Because no one will know how the economy will move in the future
05:09if the macroeconomy is still in good condition.
05:13But if you look at this NPL savings up to almost 200%,
05:17don't you see that this tends to be very careful?
05:21What is BCA? Why is the savings quite high?
05:24Or is it normal?
05:28Well, for BCA Bank itself,
05:31the NPL itself is still categorized at a low level,
05:36but the savings is very high.
05:38Why? Because for now,
05:40the world economy and Indonesia's economy
05:43are still projected to grow,
05:46tend to stagnate at 5%.
05:48And also, for inflation in Indonesia,
05:51it does experience a deflation like that.
05:54Or from 5 months in a row, it experienced a deflation.
05:58So this indicates that there is a weak demand
06:01or demand from the public.
06:03So it worries BCA Bank for the distribution of credit like that.
06:08So in the long run,
06:11BCA Bank is very concerned about
06:14how the development of credit is distributed by the bank.
06:18Okay, I confirm again earlier,
06:20you said that the number is small, but it is high.
06:23What does it mean?
06:26Well, for the NPL from BCA Bank itself,
06:29it is in the range of 2% to 3% like that.
06:32And for the NPL savings, it is at 193.9%.
06:36Okay, so NPL 193.9% means an increase, right?
06:43Yes, that's right.
06:44For this NPL savings,
06:46how does the company manage
06:48or manage the risk of NPL?
06:52Actually, in terms of the amount, it's not too significant.
06:54But compared to the previous period,
06:56the increase is quite high, almost 200%.
06:59But the value is actually not too significant for BCA itself.
07:04Okay, what else needs to be highlighted from BCA Bank?
07:10For what we can highlight from BCA Bank,
07:14there are several things related to the growth of BCA Bank itself.
07:19Well, for the 9-month 2024,
07:22the growth is at 25.8%.
07:26While, I'm sorry, I mean at 12.8%.
07:30While in 2023, in the 9-month,
07:33it only reached 25.8%.
07:36So this is an indication that
07:39when the ratio is high,
07:41the demand for credit from the corporation or the MSME segment
07:44has decreased nominally.
07:46Although it is noted that the growth is year-on-year.
07:52We talked about this earlier.
07:54And also for the future,
07:57in 2025, of course,
07:59when we look at macro economic data,
08:01such as the potential benefits of Indonesian banks,
08:04the Fed, as large as 100 basis points in 2025,
08:07this will be a fresh wind for market players
08:10and also business players to make greater credit to BCA Bank.
08:15So the potential for expansion and the MSME segment is still very wide for BCA Bank.
08:20Next, for the growth of DPK to the network trading,
08:23it will also be a catalyst for supporting the increase of BCA Bank's shares
08:28at the time that the closure of Suku Bunga in 2025 happened as expected.
08:33Okay.
08:34What is your recommendation for BCA Bank at this time?
08:39Well, for BCA Bank now,
08:41it is moving sideways after hitting its all-time high at the level of around 10,950.
08:50And for my recommendation, it is still very bullish for BCA Bank itself.
08:55Here, the target is to reach the level of 11,100 to 11,600 by the end of 2024.
09:0311,500 to 11,600.
09:0611,500 at this time at 10,650 means there are still around 900 points, right?
09:15Sorry, ma'am. 11,100 to 11,600.
09:1811,100.
09:20Okay, that's it.
09:21The target is still very attractive by the end of the year.
09:23And you said that BCA Bank hit its highest record in the last three months, 10,950.
09:29But you actually target 11,500 to 11,600.
09:3411,500 to 11,600 means another record and higher than the 10,950 that was achieved three months ago.
09:41The recommendation at this time, at the closing yesterday, 10,650, is it good or better?
09:47Is the strategy bullish or what?
09:51Well, for friends who don't have BCA Bank yet, I still recommend it well.
09:55Because here, my conviction towards BCA Bank is very high.
10:01And also for the growth of the full year, this is still very positive for BCA Bank itself.
10:07So the recommendation is very interesting for BCA Bank.
10:11Is there a strong hold from you for investors who want to hold at least until the end of the year?
10:17How strong is the hold that must be respected?
10:21Well, for investors who really want to buy or maybe average down like that,
10:27for BCA Bank, the area that can be respected is the market share at the school level for BCA Bank.
10:45For BCA Bank itself, the level is quite crucial at 10,000 to 10,150.
10:51If we look at it technically, the area becomes an area where BCA Bank experiences a pullback or rebound that has happened several times.
11:01So here it can be a buy-sell area for market players.
11:0610,000 to 10,150, which is the stronghold for the last month.
11:11That's the lowest level in the last month.
11:13And usually the pullback is there.
11:15Okay, those are the smooth levels that you highlight.
11:18Later we will discuss for other emitters whether the release of BCA Bank, Mr. Abdul,
11:24also reflects the other banking activities that will be released.
11:30What is your analysis? Besides BCA Bank, are there any other under-recommendations?
11:33And earlier, Unilever has also released its activities.
11:36Later we will continue with the selection.
11:38Stay tuned on Market Plus.