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Allo Bank’s stock price skyrockets, Chairul Tanjung becomes the third richest person in Indonesia

TEMPO.CO, JakartaShare Price of PT Allo Bank Indonesia Tbk. (BBHI) in the first trading week of 2022 skyrocketed to 43.46 percent.

At the end of trading last Friday, January 7, 2022, it was observed that BBHI’s shares closed up 4.1 percent or 400 points to Rp 10,150 per share. KAllo Bank’s market capitalization was recorded at Rp 118.48 trillion.

The shares skyrocketed from the level of IDR 7,075 at the end of 2021 trading. Throughout this week, BBHI shares recorded a net buy of foreign investors or a net buy of IDR 32.76 billion.

Price spike BBHI’s shares affected the wealth coffers of conglomerate Chairul Tanjung or CT and brought him into the group of the three richest people in Indonesia according to Forbes magazine. CT Corp through PT Mega Corpora becomes the controlling entity of BBHI with 90 percent share ownership.

list billionaire real-time The Forbes version quoted on Friday, January 7, 2022, shows that Chairul Tanjung’s wealth has increased by US$ 16 million to US$ 7.5 billion or around Rp. 107.62 trillion.

CT’s wealth value is below that of the owners of the Djarum Group, namely R. Budi Hartono worth US$ 21.9 billion and Michael Hartono worth US$ 21 billion. As for Last month Chairul Tanjung was ranked the 6th richest person in Indonesia with a total wealth of US$ 5.5 billion.

The soaring price of BBHI’s shares cannot be separated from the action of increasing capital with Pre-emptive Rights (HMETD) or rights issue which has seized the public’s attention since late last year.

At that time, eMarket expectations are getting higher for Allo Bank after the company announced standby buyers who will absorb rights issue. Big names to unicorns are interested and get on the list standby buyers such as Anthoni Salim, PT Bukalapak. com Tbk. (OPEN), to Grab.

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