GoJek Tokopedia (GOTO IJ): Holding out for a comeback

GoJek Tokopedia (GOTO IJ)
BUY / TP: IDR:95 (+82.7%)
Analyst: Laras Nadira

Holding out for a comeback
• Commission fees at Tokopedia will be adjusted again
• ODS revenue growth to remain persistent
• Incorporating Gopaylater to TTS, win-win solution
• Maintain BUY with TP of IDR95/share, revise TTS value