Shares of state-owned Bank Negara Indonesia (BBNI) or BNI inched up 0.8% to Rp9,425 on Tuesday (Oct 25) to make market capitalization of Rp176 trillion. This is one of the best performing banking stocks year-to-date with nearly 40% gain. Still, BNI is valued only 1.3 x equity, nothing compared to Bank Central Asia (BBCA, above 3x equity). To subscribe please click here
