GoTo's Fintech Segment Emerging as Key Growth Driver -- Market Talk

Dow Jones

Mar 12

1028 GMT - GoTo Gojek Tokopedia's financial technology segment is emerging as a key growth driver that helps profitability, Citi Research analysts write in a note. There is strong growth in payments activity and consumer lending, they write, pointing to potential for further expansion from Indonesia's large underbanked population and a low lending penetration rate among users. Improvements in operating leverage and disciplined cost management is expected to lend further support. GoTo's 4Q results also mark a shift from cash burn to sustainable profitability, they say. Citi retains a buy rating with a target price of 110 Indonesian rupiah. Shares closed 1.75% lower at IDR56. (kimberley.kao@wsj.com)

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March 12, 2026 06:28 ET (10:28 GMT)

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There is strong growth in payments activity and consumer lending, they write, pointing to potential for further expansion from Indonesia's large underbanked population and a low lending penetration rate among users. Improvements in operating leverage and disciplined cost management is expected to lend further support. GoTo's 4Q results also mark a shift from cash burn to sustainable profitability, they say. Citi retains a buy rating with a target price of 110 Indonesian rupiah. Shares closed 1.75% lower at IDR56. 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(kimberley.kao@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 12, 2026 06:28 ET (10:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTVI","symbol_name":"Fintech Acquisition Corp VI","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618339601","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618339601","pubTimestamp":1773311280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1028 GMT - GoTo Gojek Tokopedia's financial technology segment is emerging as a key growth driver that helps profitability, Citi Research analysts write in a note. 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