JAKARTA. The price of PT Bank KB Bukopin Tbk (BBKP) continues to indicate a downtrend within the past month, slipping 6 points or 9.84% to IDR 55 per share at the end of today’s (29/11) morning session. However, this slippage results in higher foreign buy instead.

According to IDNFinancials data, foreign investors still registered purchase of 210.3 million shares of BBKP until last Thursday (28/11). With foreign sell at 134.99 million shares, BBKP booked net foreign buy of 75.3 million shares.

It is worth mentioning that BBKP has announced its financial statements as of Q3 2024. In said period, interest income rose 15% year-on-year (yoy) to IDR 3.73 trillion. BBKP also managed to curb its net loss by 20% yoy to IDR 2.68 trillion.

Pemeringkat Efek Indonesia (Pefindo) even maintains an “idAAA” rating for BBKP with a stable outlook. The rating was conferred last week (20/11), and is given after evaluating several improvement strategies implemented by BBKP.

Prior to this, in October 2024, BBKP issued its first global bond in Singapore worth USD 300 million. It even recorded oversubscription by up to 4.5 times higher than the available securities.

Until September 2024, KB Kookmin Bank from South Korea still controlled 66.88% of BBKP, followed by STIC Eugene Star Holdings Inc. of 16.98%, and public investors of 16.14%. (KR/ZH)