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GoTo
Digital Economy
TikTok completes TikTok Shop Indonesia's combination with GoTo’s Tokopedia
The two businesses have been combined under the existing PT Tokopedia entity in which TikTok holds a controlling stake.
January 31, 2024
Broker's Calls
TikTok Shop Indonesia's combination with Tokopedia a net negative for Sea's Shopee
Shopee is expected to fight vigorously for market share in Indonesia following the move by TikTok and GoTo.
December 14, 2023
Digital Economy
TikTok combines TikTok Shop Indonesia with GoTo’s Tokopedia, to invest over US$1.5 bil in the enlarged entity
TikTok will take a controlling stake in the enlarged entity.
December 11, 2023
Results
GoTo narrows loss by 65% to IDR2.38 tril in 3QFY2023
The company expects positive group adjusted ebitda within the fourth quarter of 2023.
October 30, 2023
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
Digital Economy
Indonesia's social commerce ban will be toothless
Indonesia's ban will do little to stall TikTok's march
October 05, 2023
Broker's Calls
UBS upgrades GoTo to 'buy' following Indonesia's social commerce regulatory move
The analysts believe GoTo would be the biggest beneficiary of Indonesia’s potential restrictions on TikTok Shop.
September 27, 2023
Broker's Calls
JP Morgan initiates 'overweight' on GoTo with TP of IDR135
The analyst believes GoTo's new management team will accelerate the path to profitability and drive sustainable growth.
August 30, 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
Grab is CGS-CIMB’s top pick among Singapore land transport players amid mass layoff
The healthy competitive landscape should aid Grab and Gojek achieve further reduction in losses.
June 23, 2023