0623 GMT - Bank Mandiri (Persero) is likely to see a drag in its 2025 net profit from a one-off operating expense, UOB Kay Hian's Posmarito Pakpahan says in a research report. Management expects the bank's operating expenditures to rise by 20%-25% this year due to the one-off operating expense, which accounts for 10%-12% of its full-year operating expenditures. The brokerage cuts its 2025 net-profit estimate for the bank by 10% and lowers the stock's target price to IDR5,150.00 from IDR6,000.00, with an unchanged buy rating. Shares are 0.2% lower at IDR4,400.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 24, 2025 02:23 ET (06:23 GMT)
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