This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You can access the previous editions of the Vantage Point weekly posts here.
Executive Summary
- What to expect from GoTo’s earnings this week
- Indonesia’s SOEs will continue to bolster the IPO market
- ASSA results reflect health of used car market and trends in logistics space
What to expect from GoTo’s earnings this week
The second quarter (Q2 2023) earnings of Indonesian tech giant GoTo, scheduled for Aug. 15, may potentially reveal a renewed vigour in its race towards profitability. What is more important is how the company will get there, especially with a new senior management in place.
There is little doubt that the company has been laser-focused on profitability since the beginning of 2023 with reductions in incentives and operating expenses. This should come as no surprise as it has little choice but to address its losses, which stood at 3.9 trillion rupiah ($265 million) in the March quarter, down 41% year-on-year.
