Bukalapak

Bukalapak (BUKA IJ) - Empowering Mitra and Creating Shopfronts

Equity Bottom-Up
202 Views, 06 Dec 2021 12:49
EXECUTIVE SUMMARY
  • Bukalapak (BUKA IJ) released an impressive set of 3Q2021, driven by explosive triple-digit TPV growth in its Mitra business, which enables mom&pop stores (Warungs) in Indonesia, along with higher take-rates.
  • The slower growth in marketplace was accompanied by lower S&M costs, as the company transforms this business towards an online specialty store model, which is gaining traction.
  • Bukalapak (BUKA IJ) looks to be misunderstood by retail investors, presenting an opportunity after the post-IPO correction, with a number of new initiatives gaining momentum in Mitra and marketplace.
detail (7-minute read)
WHAT’S TRENDING
logo
Logo
Top 5%
Angus Mackintosh
ASEAN Insight Provider
CrossASEAN Research
IndonesiaEquity Bottom-UpThematic (Sector/Industry)

In Equity Sales and Research for more than 25 years covering Asian markets. Possesses in-depth knowledge of a wide range... 

x