Daily BriefsIndonesia

Daily Brief Indonesia: GoTo Gojek Tokopedia Tbk PT, Gajah Tunggal and more

In today’s briefing:

  • GoTo Gojek Tokopedia(GOTO IJ) – Lifting Clouds
  • Morning Views Asia: Gajah Tunggal


GoTo Gojek Tokopedia(GOTO IJ) – Lifting Clouds

By Angus Mackintosh

  • GoTo Gojek Tokopedia together with Alibaba Group Holding announced a strategic partnership that locks the latter in for the next 5-years, with GOTO committing to utilising Alibaba Cloud.
  • This move lifts a significant share price overhang and should provide GOTO with both cost benefits and AI capabilities cementing and aligning the interests of the two companies. 
  • GoTo Gojek Tokopedia (GOTO IJ) continues to move the needle on its progress towards adjusted EBITDA breakeven by 4Q2024 led by product-led initiatives. 

Morning Views Asia: Gajah Tunggal

By Leonard Law, CFA

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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