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Bank Jago Likely Adopts Cautious Stance for 2026 — Market Talk
Bank Jago Likely Adopts Cautious Stance for 2026 — Market Talk
About this update from Pt Bank Jago Tbk
Bank Jago is likely adopting cautious stance for 2026, CGS International analysts say in a research report. Management has emphasized it prioritizes liquidity management and prudent risk management amid uncertain macroeconomic outlook, the analysts note. The bank has stated that it'll closely monitor cost of credit, as this cost tends to spike seasonally following Indonesia's Lebaran holiday, the analyst say. The brokerage cuts its 2026 and 2027 EPS forecasts for the bank by 3.5% and 9.5%, respectively, to partly reflect higher credit cost assumptions. It downgrades the stock's rating to hold from add and lowers the target price to IDR1,400.00 from IDR2,200.00. Shares are 0.4% lower at IDR1,295.00. ([email protected])