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JAKARTA - Several analysts estimate that the shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) can reach IDR 6,200 per share.

It is known that BBRI's stock performance has set a record again. BBRI touched an all-time high (all time high) at the close of trading in the Indonesia Stock Exchange (IDX) shares on Friday April.

BBRI shares closed up IDR 95, an increase of 1.91 percent at the level of IDR 5,075, so that BBRI's market capitalization reached IDR 769.17 trillion.

Previously, the record for BBRI's highest shares was recorded on November 30, 2022, at a price of IDR 4,980 per share.

Trimegah Sekuritas analysts Adi Prabowo and Amyra Ibrahim said, despite setting a record, the potential increase in BBRI's share price is projected to have the potential to continue.

In his research in February 2023, Trimegah Sekuritas recommended buying BBRI shares with a target price of Rp6,200.

In general, stating, in 2023 BRI has prudent growth guidance to maintain sustainable growth.

On the other hand, BRI targets credit growth of 10 to 12 percent while still focusing on the MSME segment.

In this regard, BRI President Director Sunarso revealed, this achievement is a form of investor confidence with a strategy that has been prepared to continue to grow amid the turmoil in global economic conditions.

"With a long-term strategy that has been prepared thoroughly, the Company believes it is able to face various challenges and opportunities in the future to create sustainable growth and continue to deliver economics and social values for all stakeholders," he added.


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