ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.

Johannes Salim, CFA

Thematic (Sector/Industry)

Indonesia Consumer discretionary / Thematic (Sector/Industry)

<ul>
<li>Three Indo unicorns (so far) are Go-Jek, Tokopedia, and Traveloka (commonly abbreviated as GTT).</li>
<li>However, the cash burn rates especially for e-commerce and ride hailing sub-sectors remain high.</li>
<li>The next frontiers are digital payment (e-wallet) and online lending (P2P) platforms.</li>
<li>
<a href="https://www.smartkarma.com/entities/8509" target="_blank" data-smartkarma-citation="entities:8509:1">Sea Ltd (SE US)</a> and <a href="https://www.smartkarma.com/entities/7752" target="_blank" data-smartkarma-citation="entities:7752:1">Elang Mahkota Teknologi Tbk (EMTK IJ)</a> are the closest plays on these disruptive sub-sectors.</li>
</ul><p>Over past week, we managed to talk to a few industry sources pertaining to Indonesia's internet/online start-up…</p>


Three Indo unicorns (so far) are Go-Jek, Tokopedia, and Traveloka (commonly abbreviated as GTT).
However, the cash burn rates especially for e-commerce and ride hailing sub-sectors remain high.
The next frontiers are digital payment (e-wallet) and online lending (P2P) platforms.

Sea Ltd (SE US) and Elang Mahkota Teknologi Tbk (EMTK IJ) are the closest plays on these disruptive sub-sectors.
Over past week, we managed to talk to a few industry sources pertaining to Indonesia's internet/online start-up…

Indo Internet Sector: Local Unicorns And Next Frontiers