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  5. PT Bank Jago Tbk
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    ARTO   ID1000136708

PT BANK JAGO TBK

(ARTO)
  Report
End-of-day quote INDONESIA STOCK EXCHANGE  -  2022-09-26
7000.00 IDR   -2.44%
09/13Nomura Adjusts Bank Jago's Price Target to 12,500 Rupiahs From 22,500 Rupiahs, Keeps at Buy
MT
07/21PT Bank Jago Tbk Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/08UBS Adjusts Bank Jago's Price Target to 7,300 Rupiahs From 8,100 Rupiahs, Keeps at Sell
MT
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PT Bank Artos Indonesia Tbk : Indonesian banking regulator says Sea Group's Shopee acquires Bank BKE

02/18/2021 | 01:19am EDT

JAKARTA, Feb 18 (Reuters) - Indonesia's Financial Services Authority (OJK) said on Thursday that Sea Group's e-commerce arm Shopee had acquired local lender Bank Kesejahteraan Ekonomi (Bank BKE) <IPO-KSJH.JK> with the aim of transforming it into a digital bank.

OJK official Anung Herlianto said that Shopee, Southeast Asia's largest e-commerce platform, has yet to make an official application with the banking regulators to transform Bank BKE into a digital institution, but they are "currently preparing the infrastructure to do so." He told reporters that OJK was preparing regulations for new digital banks, which would likely be released in mid-2021, but that a digital lender like Bank BKE would be expected to prepare 3 trillion rupiah ($213.64 million) in capital.

Sea, whose market capitalisation is $136.5 billion, was not immediately reachable for comment. The Southeast Asian technology group is in the middle of a significant fintech push throughout the fast-growing region of 650 million people and was granted in December a full digital bank licence in Singapore.

Its biggest digital bank rival in Indonesia is likely to be Jago, in which Indonesian payments and ride-hailing group Gojek owns a 22% stake.

Indonesia’s multi-billion digital financial services sector is booming. Of the country’s population of 270 million, half lack bank accounts but most now have mobile phones. ($1 = 14,042.0000 rupiah) (Reporting by Tabita Diela; Writing by Fanny Potkin; Editing by Martin Petty and Ed Davies)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PT BANK JAGO TBK -2.44% 7000 End-of-day quote.-56.25%
RUSSIAN AQUACULTURE 1.88% 514.5 End-of-day quote.-14.32%
All news about PT BANK JAGO TBK
09/13Nomura Adjusts Bank Jago's Price Target to 12,500 Rupiahs From 22,500 Rupiahs, Keeps at..
MT
07/21PT Bank Jago Tbk Reports Earnings Results for the Half Year Ended June 30, 2022
CI
07/08UBS Adjusts Bank Jago's Price Target to 7,300 Rupiahs From 8,100 Rupiahs, Keeps at Sell
MT
05/25UBS Adjusts Bank Jago's Price Target to 8,100 Indonesian Rupiahs From 8,900 Rupiahs, Ke..
MT
04/28PT Bank Jago Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
03/18Nomura Adjusts PT Bank Jago's Price Target to 22,500 Rupiahs From 25,500 Rupiahs, Keeps..
MT
03/11PT Bank Jago Tbk Reports Earnings Results for the Full Year Ended December 31, 2021
CI
01/21Singtel, Grab acquire minority stakes in Indonesian bank
RE
01/21Singtel, Grab acquire minority stakes in Indonesian bank
RE
2021Hong Kong fintech WeLab to launch digital bank in Indonesia
RE
More news
Analyst Recommendations on PT BANK JAGO TBK
More recommendations
Financials
Sales 2022 1 446 B 0,10 B 0,10 B
Net income 2022 116 B 0,01 B 0,01 B
Net Debt 2022 - - -
P/E ratio 2022 948x
Yield 2022 -
Capitalization 96 994 B 6 397 M 6 397 M
Capi. / Sales 2022 67,1x
Capi. / Sales 2023 38,5x
Nbr of Employees 427
Free-Float 35,8%
Chart PT BANK JAGO TBK
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Technical analysis trends PT BANK JAGO TBK
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 7 000,00 IDR
Average target price 12 093,93 IDR
Spread / Average Target 72,8%
EPS Revisions
Managers and Directors
Kharim Indra Gupta Siregar President Director
Tanpanjana Head-Finance
Jerry Ng President Commissioner
Alfonso Tambunan Head-Information & Technology
Thane Jerrold T Go Head-Operations
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