Blibli IPO: The Bear Case
The bear case's key elements are weak sector sentiment, an unclear path to profitability, and credible long-term funding to support the high cash...
353 Views
Blibli IPO – Indonesia E-Commerce Is Struggling, Blibli Even More So
Looking at Shopee’s struggles in the past year and Bukalapak’s rapid fall following the IPO, we think investors are unlikely to be interested in...
366 Views
PT Global Digital Trade (BliBli) Pre-IPO - The Positives - Wide Offering, Strong COVID Bounce Back
BliBli aims to raise up to US$530m in its Indonesian IPO, the company provides ecommerce and travel services in Indonesia. In this note, we talk...
278 Views
Blibli IPO: The Bull Case
The key elements of the bull case rest on a large and growing addressable market, strong ecosystem, high order values, rising cohort spending and...
333 Views
The Week That Was in ASEAN@Smartkarma - TAC, Sea Ltd, and SCG Packaging
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
170 Views