What are GoTo’s Tips to Maintain Stock Prices? This GoTo Boss Says

Jakarta, CNBC Indonesia – Shares of PT GoTo Gojek Tokopedia Tbk (GOTO) again penetrated the level of Rp 400 per share yesterday. At the close of session I Thursday (9/6/2022), GOTO’s shares rose 6.35% to the level of Rp 402 per share.

However, today GOTO’s share price has moved below Rp 400 per share. At the close of session I Friday (10/6/2022), GOTO shares rose 2.6% to the level of Rp. 394 per unit.

As for Andre Soelistyo, CEO of GoTo when asked about maintaining the stock price, he said that the stock price is determined by market conditions and the decisions of each investor. But he made sure GoTo would focus on achieving sustainable growth.

“We are focused as GoTo to achieve sustainable growth in order to accelerate our steps towards profitability,” said Andre at the Virtual GoTo Annual Public Expose, Friday (10/6/2022).

Andre also said that he would continue to provide the best technology solutions with a focus on four areas of synergy, namely cross selling, hyperlocal (logistics and fulfillment), financial technology, as well as other value added services.

“We believe that this synergy can increase convenience for customers, drivers and merchants,” said Andre.

For example, he mentioned the fact that the GoTo ecosystem offers the most complete service and is supported by a logistics, fintech, and payment fleet that is able to bring in more users.

According to him, the more consumers in the ecosystem, the merchant partners will be interested in staying on the platform, sales will continue to increase, and reach a wider market.

GoTo can also help merchants by providing services that provide added value as well as multiplier effects.

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“The number of traders and consumer transactions will increase, so that asking drivers will receive more orders and income,” explained Andre.

[Gambas:Video CNBC]

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