JAKARTA – President Director of PT Bank Rakyat Indonesia Tbk (BBRI), Sunarso, emphasised that the company’s fundamentals remain strong and are not affected by speculation spread by social media influencers.

Previously, BBRI shares attracted attention from influencers due to a significant price drop last week. However, Sunarso urged investors to disregard the analysis from influencers, as it lacks a clear basis.

"The fear created by some content creators with inaccurate analysis should not be a reference for investors. Our fundamentals are very strong, and BBRI can demonstrate its resilience amidst market dynamics," Sunarso said during the Kompas 100 Outlook event at the Indonesia Stock Exchange (IDX) Building, Jakarta, Monday (17/2).

As one of Indonesia’s largest banks, Sunarso stated that BBRI remains focused on sustainable performance and stringent risk management practices to maintain the company’s stability. According to him, this approach is key to tackling various market challenges, including the spread of inaccurate information in the digital space.

Throughout 2024, BBRI posted a net profit of IDR 60.15 trillion. Although its growth was not significantly different from the previous year, this figure still makes BRI the most profitable bank in Indonesia.

"In a challenging environment, we were still able to record a profit of IDR 60 trillion. This shows that our business is continuing to perform very well," he added.

Sunarso urged investors to remain rational and not be easily swayed by negative narratives that may lack a strong analytical foundation. He stressed that BBRI’s stock performance is determined more by the company's fundamentals rather than social media opinions.

"The spread of inaccurate information will not shake us. Solid financial performance remains the main factor in determining BBRI’s stock valuation," he concluded. (EF/KR)