GOTO in Q1: Improved, but still in red

Shares of technology firm GoTo Gojek Tokopedia (GOTO) gained 4.21% to Rp99 on Thursday (April 27), to make market capitalization of Rp117.25 trillion, as market participants responded positively the company’s financial results in the first quarter. The stock, however, has fallen 23.8% from its recent peak at Rp130 on March 8, 2023, and clearly way below target price set by institutions like Citicorp and CGS-CIMB last year.To subscribe please click here