Shares of Bank Tabungan Negara (BBTN) recovered 2.6% on Wednesday (Mar 7) as some investors considered the country’s main mortgage bank undervalued. At the last quoted price, BTN was worth Rp19.2 trillion, way below equity (Rp30.5 trillion). BTN is not even half of Bank CIMB-Niaga (Rp49 trillion), which has substantially smaller assets.To subscribe please click here
