Jakarta, BeritaMu.co.id – PT Bank BTPN Syariah (BTPS) is still recommended for a ‘buy’ position from several analysts. The company’s share price is currently at Rp 2,540/share and is predicted to return to its highest position, which is above Rp 4,000/share.
Pilarmas Investindo Sekuritas analyst, Maximilianus Nico Demus revealed an analysis for: BTPS.
“We recommend BTPS to buy with a target price of IDR 4,300,” said Maximilianus in his research quoted on Friday (8/7/2021).
The target price reflects 4.3 times the P/B (price to book, book value) of the current 12 months.
“The recovery of business activity and public consumption in 2021 will trigger an increase in credit growth,” he said.
As of semester I-2021, BTPN Syariah has disbursed financing of IDR 10.05 trillion, growing 15% (YoY, year on year), compared to the previous period of IDR 8.74 trillion.
Meanwhile, during that period, BTPS’ net profit grew 89% to Rp 770 billion vs. Rp 407 billion in the same period in 2020.
BTPS management, in the last public expose, also plans to develop technological innovations. This is done so that customers are more effective in transactions.
The Company is currently developing a technology application that optimizes the role of BTPN Syariah’s inspiring customers. Later partners can introduce and bring banking services in their closest ecosystem.
The Bank has also optimized the service automation process, where all teams in the field have used the latest applications to serve productive underprivileged customers.
PT MNC Sekuritas Economist and Fixed Income Analyst, Tirta Gilang said that the development of digital banking innovation is enough to provide positive sentiment.
“It can be seen from the strategy of BTPS to focus on developing various digital transformations for inclusive finance, this can be a good story,” said Tirta.
“The point for every banker is digital transformation. In terms of PBV, the net profit has increased, if it is seen that it is quite high on an annual basis, then the revenue will increase. PBV [price to book value] 2.86 times, below the average, actually this is already interesting to collect,” he added.
The Revinitif Consensus noted that the target price of BTPS is at Rp. 3,745/share or could still increase by 47.46% from its current position.
IDX data noted that BPTS shares closed up 1.57% at Rp 2,580/share at the close of trading this Friday (6/8), with a market capitalization of Rp 19.88 trillion. This week, the stock rose 8.86% with a week’s foreign buying of Rp 39 billion in the regular market.
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(dru)
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Source: https://www.cnbcindonesia.com/market/20210806171249-17-266765/menelusuri-prospek-saham-btps-masih-bisa-cuan
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