CT's Allo Bank (BBHI) Shares Drop, What's Up?
6/08/2022
The share price of PT Allo Bank Indonesia Tbk. (BBHI) belonging to tycoon Chairul Tanjung or CT is again mired in the red zone at the close of trading today, Tuesday (7/6/2022).
The share price of PT Allo Bank Indonesia Tbk. ( BBHI ), the digital bank . owned by tycoon Chairul Tanjung or CT is again mired in the red zone at the close of trading today, Tuesday (7/6/2022)
The share price of PT Allo Bank Indonesia Tbk. ( BBHI ), the digital bank . owned by tycoon Chairul Tanjung or CT is again mired in the red zone at the close of trading today, Tuesday (7/6/2022)
Based on data from the Indonesia Stock Exchange (IDX), Allo Bank's shares fell 6.83 percent to the level of Rp3,820 per share, although it opened stagnant at Rp4,100 per share.
Associate Director of Research and Investment Pilarmas Investindo Sekuritas Maximilianus Nico Demus said market participants were waiting for the realization of Allo Bank's business strategy. As is known, banks want to grow by relying on the existing ecosystem.
"So far, we see that market players and investors are still waiting for what kind of ecosystem Allo Bank will offer in the future," Nico said to Risdosagalavsjilong, Tuesday (7/6/2022).
In addition, this digital bank created by CT Group has also obtained approval for the development of server-based electronic money, the Allo Bank application, and the QR Code Indonesia Standard (QRIS) Merchant Presented Mode (MPM). Thus, it can open collaboration with other digital ecosystems.
"Not only that, the collaboration that was conveyed at that time is also still awaited by market players and investors," he continued.
Since trading Monday (6/6/2022), Allo Bank shares closed in red and touched the bottom auto rejection (ARB) with a correction of 6.82 percent. Meanwhile, starting from the launch of the application until today, BBHI's shares have fallen 24.35 percent.
Meanwhile, the total volume of shares traded reached 2.80 million with a turnover value of Rp. 10.27 billion. The decline in BBHI's share price made the market capitalization or market cap to Rp83.01 trillion.
