Technology: E-Commerce Players Raise Commissions
Shopee, TTS/Tokped, and Lazada are raising seller fees by 105-154/65/ 154bps in Sep24, with new rates expected to enhance market dynamics.
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GOTO IJ - Diversified Growth Drivers to Unlock Potentials for Further Expansion in Margins
We expect GOTO to leverage its cost-revamped ODS for user growth with cross-sell opportunities, leading to potential EBITDA expansion.
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GOTO Gojek Tokopedia - Aiming for Leadership in the Fintech Market
GOTO is building a first mover advantage to become the preferred provider for Tiktok/Tokped (TTTP) and its 138mn/18mn user base. FY24F ODS growth...
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GoTo (GOTO.IJ IDR 62 BUY.TP IDR 98) Strategic pivot reinforces positive outlook
We reaffirm our BUY rating but with a lower TP of Rp98 (from Rp150 previously), incorporating a lower premium on valuation.
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GoTo (GOTO.IJ): Strategic Pivot Reinforces Positive Outlook
Following the delivery of GTV recovery in 3Q23, we view positively GOTO’s strategic pivot away from a stringent EBITDA breakeven by YE-2023 and a...
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