BMRI:IDXPT Bank Mandiri (Persero) Tbk Analysis

Bank Mandiri trades well below its historical highs while offering a dividend yield that dwarfs most peers, positioning it as an attractive income play. Fundamentally, the bank posts a P/E ratio far beneath the industry average and a price‑to‑book ratio that signals a discount to book value, while operating margins remain robust and ROE is solid. Technical signals are supportive: the MACD has turned bullish, the RSI hovers around the midpoint indicating balanced momentum, and volume is on an upward trajectory, though the broader trend is neutral. The stock sits above a clear support zone and below a resistance ceiling, with analysts forecasting a sizable upside and market sentiment currently in an “extreme greed” phase. Recent earnings releases show double‑digit profit growth year‑on‑year and the successful repayment of a green bond, underscoring strong cash generation despite a reported negative operating cash flow figure.