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GoTo GoCap?

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Algo Research Team

Company | Oct 31, 2022 | Views: 313

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Key Summary:

  • Can GOTO reach the proverbial IDR50/share?
  • Multiple comparison
  • Market conditions

GOTO is Indonesia’s largest tech company, after a merger between Gojek and Tokopedia, it is also Indonesia’s pride and joy as it is often applauded by the government on its achievement as a Decacorn. Its main line of business is E-commerce and ride-hailing. In terms of breadth, GOTO certainly spans wider with payment service like GoPay, food delivery, etc. It was valued over USD30bn at its peak and as of the time of this writing just above USD12bn. It has lost a lot of value since its IPO around 6 months ago, around -60%. So question is how far can it go?


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