Sea, GoTo Overtook Grab in ASEAN Fintech Space 2021, Says Report
SeaMoney (a unit of Sea Group) and GoTo overtook Grab in the fintech space among ASEAN countries in 2021 primarily because the latter does not...
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Weekly Innovation Review (WIRE) #31
Headline Developments A significant breakthrough with IBM (IBM) unveiling the world’s first chip on 2 nanometer (nm) technology. In a nutshell,...
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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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GoTo Gojek Tokopedia - Positive EBITDA to Sustain GOTO Growth Mode
We see a pathway for GOTO to deliver positive EBITDA towards the end of 2023, given foreseen recovery in GTV in 3Q23 that shall offer momentum in...
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