Research

TLKM: IDR6tn Potential Investment Loss From GOTO

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Algo Research Team

Company | Dec 05, 2022 | Views: 51

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Key Summary:

  • TLKM invested a total of USD450mn in GOTO since 2020 at average price of IDR270/share
  • The investment has printed a mark-to-market loss of IDR3tn per 9M22 and a potential IDR6tn for FY22
  • Risks are more than rewards for the investment as GOTO is still making losses and has tight operating liquidity

Do you guys remember the time when the phrase of the year in the investing community was “digital ecosystem” in 2020-2021?


For those of you, like us, who first heard the word ecosystem from biology in elementary school, the word “ecosystem” was so popular instead in tech industry to justify collaboration and business synergy between companies/start-ups and to include anything “digital” into their business model.

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