GoTo (GOTO.IJ IDR 62 BUY.TP IDR 98) Strategic pivot reinforces positive outlook
We reaffirm our BUY rating but with a lower TP of Rp98 (from Rp150 previously), incorporating a lower premium on valuation.
402 Views
GoTo (GOTO.IJ): Strategic Pivot Reinforces Positive Outlook
Following the delivery of GTV recovery in 3Q23, we view positively GOTO’s strategic pivot away from a stringent EBITDA breakeven by YE-2023 and a...
282 Views
Technology: Potential Tailwinds from the New Regulation
On the earnings front, we expect tech companies to see positive momentum in 3Q23 with GTV growth and lower EBITDA losses. We maintain our OW rating...
273 Views
GoTo Gojek Tokopedia - Positive EBITDA to Sustain GOTO Growth Mode
We see a pathway for GOTO to deliver positive EBITDA towards the end of 2023, given foreseen recovery in GTV in 3Q23 that shall offer momentum in...
520 Views
Macro and Flows Tracker - GTV to Step-Up, Gojek + Tokped Upside Revisited
Yield volatility and heightened China risk factor has led to recent market volatility resulting in outflow from both Equity and Fixed Income.
364 Views