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.
Maybank initiates 'buy' on GoTo Gojek Tokopedia with TP of IDR153 - THE EDGE SINGAPORE

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.

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.
GoTo scraps talks for US$500 mil debt sale to focus on profit - THE EDGE SINGAPORE

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

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.
GoTo to cut 600 more jobs as Southeast Asia tech firms retrench - THE EDGE SINGAPORE

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.

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.

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.

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).
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