The Week That Was in ASEAN@Smartkarma - BFI Finance Indonesia, Ultrajaya Milk, and Thai Banks
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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SEA EConomy - A Squall in 2022 with Rough Seas Ahead
Major digital players in South-East Asia will release 3Q results next month with all eyes focused on take rates, contribution margins, and Adjusted...
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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.
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GoTo Lock-Up: A Sizeable Secondary Offering Incoming
The lock-up of 89.63% of shares expires on 30 November. The shares are fairly valued at the last close, but the sizeable secondary offering (US$1bn...
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Blibli IPO: Valuation Insights
Bookbuilding will close on 24 October. Our valuation analysis suggests that the IPO price range is unattractive. We would give the IPO a pass.
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