After a year of business rationalisation, reduced promotional activity, and cuts in operational expenditure, the red ink is starting to fade from the balance sheets of Southeast Asia’s listed tech firms. However, it takes more to convince sceptical investors as evidenced by the languishing share prices of GoTo, Bukalapak, PropertyGuru, Sea Ltd., and Grab.
This report looks at the larger issues facing Southeast Asia’s listed tech firms and the complexity of their sectors, against the backdrop of their full-year 2023 earnings.
