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.
238 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.
211 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...
505 Views
GoTo IPO - Valuation - Missed the Tide, Boat Won’t Rise
GoTo aims to raise around US$1.25bn from a local listing, which will mainly be targeted at domestic investors. In this note, we talk about its...
571 Views
EM Digital Banks – We Turn Positive on KakaoBank and Inter, Cautious on Nubank and Neutral on PAN
KakaoBank raised to buy for its firm business niche, its positive banking and capital ratios; Inter is also a buy for its undemanding valuations...
480 Views