External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Thematic (Sector/Industry)

<ul><li>We deem the new regulation as positive and expect large ecommerce platforms to potentially benefit from having a more level playing field and possibly grab market share that will be left behind by the social commerce platforms.</li><li>On the earnings front, we expect tech companies to see positive momentum in 3Q23 with GTV growth and lower EBITDA losses.</li><li>We maintain our OW rating on the sector with our top picks being GOTO (BUY, TP Rp150) and BUKA (BUY, TP Rp340).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We deem the new regulation as positive and expect large ecommerce platforms to potentially benefit from having a more level playing field and possibly grab market share that will be left behind by the social commerce platforms.On the earnings front, we expect tech companies to see positive momentum in 3Q23 with GTV growth and lower EBITDA losses.We maintain our OW rating on the sector with our top picks being GOTO (BUY, TP Rp150) and BUKA (BUY, TP Rp340).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Technology: Potential Tailwinds from the New Regulation

<ul><li>Several macro developments may sway consumer sentiment in the coming months</li><li>Tech platforms will be the beneficiaries with improved trends in consumption and more personalized spending</li><li>GOTO is sharpening their operations and their efforts should flourish in 3Q-4Q23</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Several macro developments may sway consumer sentiment in the coming monthsTech platforms will be the beneficiaries with improved trends in consumption and more personalized spendingGOTO is sharpening their operations and their efforts should flourish in 3Q-4Q23Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Technology - Tech for innovation, personalization & prosperity

Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

News from Tech in Asia

<ul><li>Southeast Asia’s digital economy is poised to hit US$200 billion in gross merchandise value (GMV) in 2022 – three years earlier than predicted.</li><li>Over the past three years, 100 million users have come online in Southeast Asia, with the region housing over 460 million internet users.</li><li>However, the report stated that after years of acceleration and growth, digital players are more concerned about deepening engagement with current consumers rather than acquiring new ones.</li></ul>

Southeast Asia’s digital economy is poised to hit US$200 billion in gross merchandise value (GMV) in 2022 – three years earlier than predicted.Over the past three years, 100 million users have come online in Southeast Asia, with the region housing over 460 million internet users.However, the report stated that after years of acceleration and growth, digital players are more concerned about deepening engagement with current consumers rather than acquiring new ones.

SEA Digital Economy to Grow in 2022 Despite Headwinds: Report

Indonesia

PT Global Digital Niaga Tbk, doing business as Blibli, is a leading Indonesian omnichannel commerce and lifestyle ecosystem. The company operates an e-commerce platform offering a wide array of products, including electronics, household goods, fashion, and fresh produce, and also provides travel and accommodation services through tiket.com. Blibli integrates online and offline shopping experiences through its e-commerce platform and physical stores, including supermarket brands like Ranch Market and Farmers Market. Headquartered in Kudus, Indonesia, Blibli was founded in 2010.

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Blibli (BELI IJ)

Technology: Potential Tailwinds from the New Regulation

On the earnings front, we expect tech companies to see positive momentum in 3Q23 with GTV growth and lower EBITDA losses. We maintain our OW rating...

BRI Danareksa Research

Technology - Tech for innovation, personalization & prosperity

Several macro developments may sway consumer sentiment in the coming months. Tech platforms will be the beneficiaries with improved trends in...

BRI Danareksa Research

SEA Digital Economy to Grow in 2022 Despite Headwinds: Report

Southeast Asia’s digital economy is poised to hit US$200 billion in gross merchandise value (GMV) in 2022 – three years earlier than predicted.

Tech in Asia

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