Bukalapak

Bukalapak (BUKA IJ) - Enhancing Financial Offerings

Equity Bottom-Up
224 Views, 10 Jan 2022 10:18
Angus has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • Bukalapak (BUKA IJ) has announced that it will participate in the upcoming rights issue of new digital bank Allo Bank, its first direct investment in a financial services company.
  • This move will help to enhance the company's financial services offering to its 10.4m plus Mitras and sellers in the platform helping to increase stickiness and improve take-rates.
  • We expect positive momentum going forward as some of its new focus areas pick up the pace and valuations look attractive from an EV/gross sales perspective given its growth prospects. 
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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... 

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