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Broker's Calls
Driver commissions for CDG drivers remain competitive, DBS maintains 'buy'
Gojek’s newly-announced commission cutting move is likely an attempt to attract drivers into its platform amid supply crunch.
October 24, 2023
Broker's Calls
GoTo's risk-reward balanced, BoFA initiates 'neutral' with TP of IDR125
The analysts find GoTo to be fairly valued, in context of its fundamentals.
July 04, 2023
Broker's Calls
Macquarie slashes GoTo's TP by 50% to IDR162 on lower multiple assumptions across all segments
Macquarie has baked in slower Tokopedia GTV growth of about 7% for FY2023.
March 20, 2023
Broker's Calls
Analysts positive on GoTo following accelerated breakeven timeline
The improvement in GoTo’s profitability will be driven by revenue optimisation, cost control and introduction of new features.
February 20, 2023
Broker's Calls
RHB identifies GoTo’s road to profitability in an unrated report
The analysts believe GoTo would book stronger revenue in FY2023.
February 07, 2023
Broker's Calls
GoTo’s GMV growth to decelerate, CLSA slashes TP to 165 rupiah
The analysts' forecasts on contribution margin breakeven and adjusted ebitda breakeven remain unchanged.
February 06, 2023
Broker's Calls
Alētheia Capital initiates coverage on GoTo with call to 'sell', cites cash crunch ahead
Analyst Nirgunan Tiruchelvam says GoTo is facing a cash crunch — it has lost over half of its IPO value since listing in March.
December 08, 2022
Digital Economy
GoTo shares fall to record low as major holders' lock-up expires
GoTo shares are down 55% from its IPO
November 30, 2022
Broker's Calls
GoTo's valuation more reasonable, UOBKH upgrades to 'hold' with lower TP
GoTo's reduction in promotion to customers is the first step in the right direction, the analyst says.
November 25, 2022
Broker's Calls
Macquarie initiates coverage on GoTo with 'outperform' call, forecasts 22% upside
“We forecast robust gross revenue uptick for its key segments.”
September 27, 2022