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GoTo Gojek Tokopedia (GoTo Group)
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
IPO
Star Southeast Asia unicorns see US$51 bil gone since listings
The Southeast Asian newcomers join a slump engulfing recently-listed Indian startups as investors question their high valuations.
December 13, 2022
Broker's Calls
UBS upgrades GoTo to 'buy' from 'sell' after seeing 'opportunity in adversity'
At its current share price, GoTo's valuations are deemed "attractive" by the analysts at UBS.
December 12, 2022
Tech
GoTo slump continues after executives fail to convince investors
The shares dropped by 7% on Friday — the daily limit — to a record low 93 rupiah (0.81 cents) in Jakarta trading.
December 10, 2022
Tech
GoTo assures investors it has enough cash to reach profitability
GoTo is about six quarters away from a cash crunch, Aletheia Capital said, recommending investors sell the stock.
December 10, 2022
Results
GoTo reports narrower adjusted ebitda loss of IDR3.7 trillion in 3QFY2022 results
For the FY2022, GoTo Group is expecting to pencil in between IDR613 trillion to IDR619 trillion for its GTV.
November 21, 2022
Tech
GoTo confirms talks with holders for controlled share sale
The ride-hailing and e-commerce provider is discussing stake sales that would occur after the lock-up period expires on Nov 30.
October 25, 2022
Broker's Calls
Deutsche Bank initiates 'buy' call on GoTo, dismisses financing worries
The analyst believes that the market worries about GoTo’s financing requirements are overdone.
October 20, 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