GOTO 1Q23 Results: Growth to Moderate in 2Q
What’s New: Churn in lower quality users, tougher comps coupled with macro uncertainties could mean that growth may continue to moderate in 2Q. While near-term top-line visibility remains limited, margin guidance remains intact where group-level adjusted EBITDA would continue to improve QoQ and turn positive within 4Q23. We maintain our PT at IDR 115 and maintain our NEUTRAL rating.Analysts:
Jin Yoon
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
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- Pan European Telecom Services and Cable
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