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Tokopedia
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
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
In Focus
Supporting APAC’s growing open source developer community
GitHub has announced a US$10 million GitHub Fund in partnership with M12 to help build new careers and companies in open source.
December 05, 2022