Bank Jago - 3Q24 Earnings: Low-Risk Loans Continue to Drive Growth
ARTO posted 3Q24 net profit growth (+36% qoq, +71% yoy), driving 9M24 to form 69%/70% of our/cons (in line), driven by lower provision.
176 Views
Bukalapak IPO Lock-Up - Scattered Shareholding Could Put Some Pressure on the Share Price
Bukalapak (Buka) raised US$1.5bn in Aug 2021 when it priced its IPO at the top end of its pricing range. The pre-IPO shareholders will be released...
566 Views
Bank Jago - 1H24 Earnings Miss, but Solid Asset Quality to Support 2H24 Earnings
We lowered our LT ROE from 18.1% to 16.7% as we trimmed our NIM, which is partly offset by lower CoC. Maintain BUY with a TP of Rp3,800.
169 Views
Bank Jago (ARTO IJ) - 1Q24 Earnings Below
ARTO’s 1Q24 earnings missed estimates due to a lower NIM caused by the lower portion of high-yield Sharia financing, amid lower provisions.
274 Views
Bank Jago (ARTO IJ) - FY24-25F Estimates and TP Cut on Weaker Growth Outlook
ARTO’s FY23 net profit slightly missed our estimate/the cons. due to higher-than-expected CoF and opex, partly offset by lower provisions.
248 Views