JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) manages to defend its position as constituents in Indeks Tempo-IDNFinancials 52, or Indeks52, following an evaluation this year. This index consists of 84 issuers from various sectors listed on the stock exchange.

Referring to the evaluation of Indeks52 constituents, BBRI is still listed under Main Index, High Growth, High Dividend, and Big Market Capitalisation categories.

Among other state-owned banks, BBRI reported the highest market cap of IDR 907.76 trillion as of March 2024. Its net profit has also grown 11.8% within the past five years, while its average dividend yield is4.60%.

As of Q1 2024, BBRI booked net profit of IDR 15.96 trillion, slightly increasing from IDR 15.56 trillion seen in Q1 2023. Its net interest and sharia income also moved up from IDR 42.46 trillion to IDR 50.07 trillion.

In 2023, its total net profit was recorded at IDR 60.42 trillion, up from IDR 51.40 trillion seen in 2022, while its net interest and sharia income grew from IDR 151.87 trillion to IDR 178.99 trillion.
As is known, Indeks52 is said to be an alternative reference for retail investors in the stock market, as Financial Services Authority (OJK) reported total retail investors of 12.16 million single investor identifications (SID).

Total market cap recorded by 84 issuers of Indeks52 clocked up to IDR 8.96 quadrillion as of March 2024, or equal to 76% of total market cap in the stock market of IDR 11.6 quadrillion. Total constituents of Indeks52 are approximately less than 10% of total 934 publicly listed issuers as of June 2024. (LK/ZH)