Rakuten Bank IPO - Thoughts on Valuation
Rakuten Bank (5838 JP), the online banking arm of Rakuten (4755 JP), aims to raise up to around US$900m in its Japan listing in April 2023. In this...
458 Views
Telekomunikasi Indonesia (TLKM IJ) - Transforming with a Digital Core
Telekomunikasi Indonesia results reflect a company increasingly digital in nature with legacy services fading away and an increasing focus on...
275 Views
The Week That Was in ASEAN@Smartkarma - GoTo Profitability, Indosat's Back, and Singapore Banks
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
230 Views
GoTo (GOTO IJ) - A Transient State
GoTo 4Q2022 and FY2022 headline numbers do not tell the whole story, given large one-off charges for goodwill right downs, without which...
525 Views
GoTo: Ambitious Profit Target to Further Stall Growth
EBITDA losses narrowed down in 4Q2022 due to cost savings. With top line growth decelerating, GoTo may not be able to hold it for long and will be...
284 Views