Jakarta –
Many hope that the share price of PT GoTo Gojek Tokopedia (Tbk) can continue to rise. Is the stock price GOTO can penetrate up to Rp 500-1,000?
Director of PT Anugerah Mega Investama Hans Kwee assesses that GOTO shares are difficult to penetrate the Rp 500 level. He estimates that GOTO’s share price will only move in the Rp 300-400 range.
“I don’t think so, it’s unlikely. Because usually the momentum is only at the beginning of the IPO, after that the increase is quite heavy. We estimate it tends to be around Rp. 340-400 only. If it reaches Rp. 500, it will not be heavy in the near or medium term, ” said Hans to detik.comWednesday (13/4/2022).
In line with Hans, Stock Analyst Alfred Nainggolan also said that the opportunity GOTO to penetrate the figure of Rp 500 is very small. He said that currently there is a lot of pressure from profit taking.
“To break through to Rp 500 or even Rp 1,000, the chance for us is very small. Apart from sentiment, selling pressure from profit taking and the end of the lock-up period, performance sentiment is also still heavy,” he said.
In addition, the company’s financial performance which is still at a loss also makes shares GOTO still hard to climb.
“Yes, because the projected profit is still a big loss in the next few years,” he said.
Also watch the video ‘GoTo Enters IDX, Airlangga Predicts Capitalization Over 2% of GDP’:
(fdl/fdl)
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