GoTo investors may need a more exciting growth story
Its struggling share price, despite narrower losses, may reflect expectations to ‘go big or go home’
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INDONESIA’S GoTo Group is seeing losses narrow since handing control of its e-commerce arm to social media giant TikTok. But its share price is still down 85 per cent since its debut on the domestic bourse two years ago.
Investors could be looking for more exciting earnings drivers from the ride-hailing and food delivery player.
Last week, GoTo reported a 48 billion rupiah (S$4 million) adjusted loss before interest, taxes, depreciation and amortisation for the second quarter ended June.
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