JAKARTA – The majority of securities firms continue to uphold their optimistic outlook, maintaining buy recommendations and robust price targets for shares of PT Bank Central Asia Tbk. (BBCA).
As of the close of trading on Thursday, October 9, 2025, BBCA’s stock price settled at Rp7,550. This figure reflects a notable 23.7% year-to-date (YTD) correction for 2025, presenting a significant dip for the banking giant.
Crucially, even with this recent downturn, the current BBCA stock price remains considerably below the consensus target price established by securities analysts for the next 12 months. This divergence suggests a potentially undervalued asset in the eyes of market experts.
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A detailed review of Bloomberg data reveals a strong consensus among analysts: an overwhelming 33 out of 35 securities firms covering BBCA stock have issued ‘buy’ recommendations. Only two firms have assigned a ‘hold’ rating, underscoring the broad confidence in the stock’s future performance.
This optimism is further cemented by the 12-month consensus target price for BBCA shares, which stands at an impressive Rp10,760. Should the stock reach this target, it would represent a substantial potential return of approximately 42.5% from its closing price on Thursday, October 9, 2025.
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Building on previous reporting by Bisnis, analysts Erindra Krisnawan and Wilastita Muthia Sofi from BRI Danareksa have emphasized the continued attractiveness of banking sector stocks. This positive sentiment is driven by improving liquidity conditions and the anticipated potential for a decrease in the cost of funds (CoF) by September 2025.
The sector’s growth is propelled by several strategic policy interventions from both the government and financial authorities. These include a reduction in the benchmark interest rate, a notable decrease in the SRBI (Bank Indonesia Rupiah Securities) rate to 4.8%, lower deposit interest rates set by the Deposit Insurance Corporation (LPS), and the significant allocation of Rp200 trillion in state funds to state-owned banks. These measures collectively foster a more favorable operating environment for financial institutions.
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While the banking sector has faced temporary pressures from operational costs impacting profitability, analysts view this condition as transient. With an appealing valuation of 1.9 times price-to-book value (PBV) and a promising dividend yield ranging from 1.5% to 9.7%, the sector is widely considered to offer an attractive risk-reward profile for investors.
“With improving liquidity dynamics and attractive valuations, this sector presents a favorable risk-reward profile,” analysts stated in their research, published on Sunday, October 5, 2025. This statement encapsulates the core bullish thesis for Indonesian banks.
Within the broader banking sector, BRI Danareksa specifically highlights PT Bank Central Asia Tbk. (BBCA) as a top pick, setting an ambitious price target of Rp11,900 per share. Currently, BBCA’s shares are trading at Rp7,525, reflecting a 22.22% year-to-date (YTD) decline, which analysts believe further enhances its appeal as an entry point.
Bank Central Asia Tbk. – TradingView
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Summary
Securities firms largely maintain an optimistic outlook on PT Bank Central Asia Tbk. (BBCA), with 33 out of 35 analysts issuing ‘buy’ recommendations. Despite a notable 23.7% year-to-date correction in 2025, BBCA’s stock price of Rp7,550 (as of October 9, 2025) remains significantly below the consensus 12-month target price of Rp10,760. This divergence suggests a potentially undervalued asset, offering an approximate 42.5% return if the target is met.
This bullish sentiment is driven by improving liquidity conditions, an anticipated decrease in the cost of funds, and supportive government and financial authority policies. Analysts view temporary operational cost pressures as transient, highlighting the banking sector’s attractive valuation and dividend yield. BRI Danareksa specifically names BBCA as a top pick within the sector, setting an ambitious price target of Rp11,900 per share.