GoTo Gojek Tokopedia (GoTo Group)

GoTo reports narrower adjusted ebitda loss of IDR3.7 trillion in 3QFY2022 results - THE EDGE SINGAPORE

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.

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.

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.

Broker's Calls

Macquarie initiates coverage on GoTo with 'outperform' call, forecasts 22% upside

“We forecast robust gross revenue uptick for its key segments.”

Digital Economy

Grab rival Be Group gets US$60 million loan for Vietnam expansion

Vietnam’s fast-expanding ride-hailing sector is seeing renewed competition fro Go-Jek and FastGo Vietnam

Tech

Once Southeast Asia's most valuable startup, Grab falls US$13 bil behind GoTo

Grab is scheduled to report second-quarter results before US markets open on Thursday; GoTo is set to release results on Aug 30.

Broker's Calls

CGS-CIMB initiates 'hold' on GoTo Gojek Tokopedia with 0.5% upside in target price

The analysts have given the group a target price of 396 rupiah (3.7 cents).

Results

GoTo posts 54% growth in gross revenue for 1QFY2022 in first quarterly report since IPO

Adjusted EBITDA loss for FY2021 widened to INR16.2 trillion, compared with a loss of INR13 trillion in FY2020.
GoTo may be wiped out in the battle for Asean - THE EDGE SINGAPORE

Digital Economy

GoTo may be wiped out in the battle for Asean

The Romans won as they were the only ones who had iron spears

IPO

GoTo raises about US$1.1 billion in IPO priced at middle of range

The Jakarta-based company priced the IPO at 338 rupiah (3.193 cents) a share.
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