Whoever followed recommendation from JP Morgan to buy bukalapak.com (BUKA) shares in early 2022 or early this year should have recorded huge ‘unrealised loss’ by now. In early 2022, when BUKA was traded around Rp470, JP Morgan came up with a ‘target price’ of Rp1,000. On Thursday (Aug 1), three years after the decorated initial public offering (IPO), BUKA ended at Rp118.To subscribe please click here
