Day: September 13, 2022

First Half Results: TBIG, Elsa, SHIP

Telco tower operator Tower Bersama Infrastructure (TBIG), the most expensive telco infrastructure stock in the market, booked profit attributable to owner of Rp826 billion in the first half (H1) of 2022, grew 19.9% year on year (y/y) as revenue rose 11% y/y to Rp3.3 trillion. 

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Corporations to Watch

Shares of tech company GoTo Gojek Tokopedia (GOTO) ended lower by 1.42% on Monday (Sep 12) even after it adjusted the ride-hailing tariff following the Transportation Ministry’s decision to raise online driving tariff effective September 11, 2022. GOTO adjusted tariff for all its services–GoCar, GoFood, GoSend, and GoMart, aiming to cover drivers’ operational daily costs.

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