Bank Allo (BBHI) has left its peak to close at Rp6,925 on Monday, but this price reflected market capitalization of Rp80.1 trillion, 62 times equity as at Sept 30, 2021 (Rp1.29 trillion). Bank Mega (MEGA), which had total assets of Rp119.8 trillion by Sept 30 and controlled by the same shareholder—-Chairul Tanjung, meanwhile, is now valued Rp58.6 trillion or three times equity.To subscribe please click here
