In today’s briefing:
- GoTo Gojek Tokopedia: Turning Tide with Index Inclusion?
GoTo Gojek Tokopedia: Turning Tide with Index Inclusion?
- GoTo (GOTO IJ) completes 20 trading days today. Based on the average price over the period and the last close, the stock meets the Fast Entry criteria for IDX30/LQ45/IDX80 inclusion.
- Using a free float of 66%, we estimate passive trackers buying 5.42bn shares (US$74m) of GoTo (GOTO IJ). Announcement could come in a few days with implementation at month-end.
- With the real float close to 4%, passive trackers will need to buy 11.6% of the real float and the stock could move higher in the short-term.
Before it’s here, it’s on Smartkarma
