BELI: A Low Profile Diversified Stock

Key Summary:
- Part of Djarum Group ecosystem, one of the largest in Indonesia
- BELI businesses are e-commerce, OTA, supermarket, home & living
- Share price outperformed peers due to thin liquidity and interest
Global Digital Niaga (BELI) is often overlooked among the publicly listed mid-cap diversified stocks due to its low trading liquidity and interest from investors.
Nevertheless, it has a unique structure as it is not only a proxy to e-commerce (Blibli) but also OTA (Tiket.com), supermarket (Ranch Market), and home & living (Dekoruma).