Shares of Bank Jago (ARTO), member of GOTO, ended lower by 0.35% to Rp2,810 last Friday (Sept 13). The market capitalization of Rp38.55 trillion was 4.5 times equity, lot more expensive than profitable conventional banks. Bank Jago is also way below Seabank (sister of Shopee) in terms of profitability.To subscribe please click here
