Insight

BELI: A Low Profile Diversified Stock

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Algo Research Team


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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).


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