PT Bank Rakyat Indonesia resumed with a Buy at Goldman Sachs

Goldman Sachs resumed coverage of PT Bank Rakyat Indonesia with a Buy rating and IDR 5,910 price target. The firm, which is resuming coverage of a group of ASEAN banks, sees ASEAN banks’ profitability approaching a historical eight-year peak by the first half and is "remaining tactical" given the uncertainties in the U.S. macro outlook.