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GoTo Gojek Tokopedia (GoTo Group)
Digital Economy
Southeast Asian GMV may grow 15% a year in 2022 – 2030 to exceed US$400 bil, says Bloomberg Intelligence
Sea Limited is expected to reach a full-year breakeven before Grab and GoTo, says analyst Nathan Naidu.
June 20, 2023
Broker's Calls
Maybank initiates 'buy' on GoTo Gojek Tokopedia with TP of IDR153
Analyst Etta Putra think GoTo warrants re-rating for its focus on Indonesia, the largest Asean market, among other factors.
June 19, 2023
New appointments
GoTo CEO Soelistyo to step down; Walujo named successor
Soelistyo, 39, helped carry out the merger that created Indonesia’s biggest internet company.
June 08, 2023
Zest
GoTo scraps talks for US$500 mil debt sale to focus on profit
Having already downscaled its ambitions from US$1 billion, the Jakarta-based company has called off talks with potential investors
April 19, 2023
Broker's Calls
Brokers' Digest: GoTo Gojek Tokopedia, Genting Singapore, Singtel, AEM Holdings, Sea, Delfi, Yanlord Land Group
See what the analysts have to say this week.
March 24, 2023
Tech
Asian startups are rising to the financing challenge
The Southeast Asian online retail market has grown rapidly, but that doesn’t mean it has fallen into a fixed pattern.
March 22, 2023
Tech
GoTo to cut 600 more jobs as Southeast Asia tech firms retrench
The reductions are part of a shake-up that will include a merging of certain units.
March 10, 2023
Broker's Calls
CGS-CIMB lowers GoTo's TP to 115 rupiah despite seeing improving prospects
The CGS-CIMB analysts have kept their current rating due to GoTo’s “lofty valuation” compared to its peers.
January 18, 2023
Food & Beverage
Southeast Asia food delivery market slows in risk to Grab, GoTo
Southeast Asia’s food delivery spending grew at the slowest pace in at least four years in 2022.
January 18, 2023
Tech
GoTo sells stake in store operator to focus on main businesses
The Jakarta-based ride-hailing and e-commerce company sold the stock for a total of 1.5 trillion rupiah ($130.6 million).
December 16, 2022