Corporate Updates
GoJek Tokopedia (GOTO IJ): Eyes steady income from TikTok deal
GoJek Tokopedia (GOTO IJ)
BUY / TP: IDR:100 (+12.4%)
Analyst: Laras Nadira
Eyes steady income from TikTok deal
• Stable revenue stream going forward
• EBITDA looking positive
• Defending deal structure
• Maintain BUY with unchanged TP, EV revised