SUBSCRIBERS
GoTo's offering is pricier than peers Bukalapak, Bank Neo Commerce: UOBKH
Published Sat, Mar 26, 2022 · 05:50 AM
Singapore
EVEN at the lowest end of the 316-346 rupiah (S$0.02-0.03) per share range, Indonesia's largest tech firm GoTo's offering price is valued significantly higher than its peers, according to UOB Kay Hian (UOBKH).
In a report on Friday (Mar 25), analyst Stevanus Juanda estimates that GoTo's valuation at the offering price of 316 rupiah comes in at 9.8 times FY2023 price-to-sales estimates.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia central bank says SRBI auction will be held twice a week to attract more inflow
Thai police raid illegal bitcoin mining operation
Thailand’s April inflation rises slightly, first time in 7 months
Myanmar junta bans men from applying to work abroad: statement