The decline in BUKA's share price deepened after PT Goto Gojek, Tokopedia, issued an initial public offering (IPO) prospectus a few days ago. The decline in the share price of PT Bukalapak.com Tbk (BUKA) continued with a correction of IDR 18 (6.52%) to a new all-time low of IDR 258 at the close of the market on Wednesday (16/3/2022).
Despite the decline, foreign investors recorded a net buy of Rp 1.51 B. Even though the target price of BUKA's shares is cut, the target still leaves the potential for large profits. The company's business prospects until 2024 are quite promising, with a CAGR of sales for 2021-2024 of 64.5%.
Despite the decline, foreign investors recorded a net buy of Rp 1.51 B. Even though the target price of BUKA's shares is cut, the target still leaves the potential for large profits. The company's business prospects until 2024 are quite promising, with a CAGR of sales for 2021-2024 of 64.5%.
