Bank Mandiri (BMRI) Allocated IDR 1.17 tn for Share Buyback

Bank Mandiri (BMRI) Allocated IDR 1.17 tn for Share Buyback
BMRI allocated IDR 1.17 tn for a share buyback. The buyback period will run from 26 Mar-25 to 25 Mar-26, following the shareholders' meeting on 25 Mar-25. The repurchased shares may be used for employee stock ownership programs or for directors and commissioners, supporting long-term engagement and performance growth.

RESEARCH REPORT
ISAT – Cautiously Optimistic

• Still growing despite at slower pace
• 4Q24 highlights
• Optimisticly realistic
• Maintain BUY with TP of 2,400
  (Please refer to our report here)

INDUSTRY
Prabowo Issued New Regulation, Laid-Off Workers to Get 60% Salary for 6 Months
The Govt. will provide 60% of the last reported salary for six months to workers affected by layoffs, starting in 2025. This policy is part of Government Regulation (PP) No. 6/2025, which amends PP No. 37/2021 on the Job Loss Insurance (JKP) program. Signed by President Prabowo Subianto on 7 Feb-25. The cash benefit is capped at IDR 5 mn/month. The JKP contribution rate has been reduced from 0.46% to 0.36% of monthly wages. Workers must claim the benefit within six months of being laid off, or they will lose eligibility.