Remember, this is trader-wise. BBRI included, we let it go. We advise our traders to stay with commodities-related picks, and re-focus on micro/small caps for Indo play, in anticipation of US deb ceiling deal on August 2.
Note on BBRI. It came with strong earnings Q2 report and beat estimate but unfortunately we expect a stronger leap against estimate and it just did not do it. However, the fact that it is the only underpriced (below fundamental 52-week price target) among Indo top banks hopefully will give some lift for those who decide to stay with it. But, trading wise, we leave it as we did with all top banks. '+'
