In today’s briefing:
- Astra International (ASII IJ) – A Glimpse into the Future
- GoTo IPO – Valuation – Missed the Tide, Boat Won’t Rise
Astra International (ASII IJ) – A Glimpse into the Future
- Astra International (ASII IJ) held an informative post-results analyst briefing that provided a glimpse into its future plans, with capex set to double in 2022 with a war chest ready.
- Other than investing in expanding existing businesses and in areas such as EVs, Astra also has a pipeline of deals related to the growing digital ecosystem in Indonesia.
- Astra International (ASII IJ) is a proxy for the recovery in Indonesia’s economy through cars, motorbikes, and commodities but has an emerging digital and sustainability edge plus reasonable valuations.
GoTo IPO – Valuation – Missed the Tide, Boat Won’t Rise
- GoTo aims to raise around US$1.25bn from a local listing, which will mainly be targeted at domestic investors.
- GoTo, is an Indonesian holding company, was formed in May 2021 as a result of a merger between Gojek, leading player in ride hailing, and Tokopedia, leading e-commerce player.
- In this note, we will talk about the company’s valuation.
Before it’s here, it’s on Smartkarma
