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GoTo
New appointments
GoTo CEO Soelistyo to step down; Walujo named successor
He will be replaced by Patrick Walujo, managing partner of private equity firm Northstar Group.
June 08, 2023
Digital Economy
Southeast Asia's unicorns need to spin a new yarn
At the very least, start-ups must see a clear path to profit because market size alone is no longer a compelling tale
May 11, 2023
Digital Economy
Small business, big impact: The benefits of treating IT as an investment
The high cost of tech is hindering SMEs in Singapore from adoption but it can help build a resilient and successful business.
May 08, 2023
Transport
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
Analysts maintain 'buy' on GoTo despite higher-than-expected 4QFY2022 net loss
GoTo expects cash burn to be reduced by about 65% this year, while positive cash flow is expected in the early part of 2024.
March 30, 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
Digital Economy
GoTo brings forward profit goal after job cuts
Shares of GoTo have fallen more than 60% since its market debut in April.
February 16, 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