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ID : Retail - The first Indonesian super-app, GoTo

Gojek and Tokopedia officially announced a merger today, with the merged company to be called GoTo. GoTo’s reach will be massive, with over 2m drivers, more than 11m merchants and over 100m MAUs, equivalent to c.2% of Indonesia’s GDP. The companies.....
CGS-CIMB Patricia
Patricia Gabriela @ CGS-CIMB 17 May 2021

TH : Central Pattana - Gain from asset disposal boosts 1Q21 NP

1Q21 core net profit was THB1.19bn (-34.7% qoq; - 51% yoy) due to second Covid wave. We expect a gradual recovery in mall operations from 3Q21F onwards due to Covid-19 vaccine rollout and the government’s stimulus measures. We reiterate our Add ca....
CGS-CIMB Pornthipa
Pornthipa Rayabsangduan @ CGS-CIMB 17 May 2021

Gojek and Tokopedia's US$18bn merger creates an Indonesian Tech giant

Gojek and Tokopedia have finally announced a merger. The combination of Indonesia's two biggest tech firms will create an US$18 billion food delivery, ride-hailing and e-commerce group in the ASEAN region. The new entity will be called GoTo Group. A ...
Tellimer Research Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 17 May 2021

SG : Economic - Apr 2021 trade

Apr NODX growth decelerated to 6.0% yoy, well below our and market estimates, driven by a sequential decline of 8.8% mom SA. Non-electronic exports grew 4.7% yoy due to pharmaceuticals contracting 40.9% yoy Despite weaker IC export growth in Apr, we....
CGS-CIMB Michelle
Michelle CHIA @ CGS-CIMB 17 May 2021

Kazakhstan: Growth accelerates to 11.7% y/y in April - composite indicator

Retail sales soar on demand recovery and solid real wage growth, though result also amplified by low base effect. Fixed capital investment growth moderates, construction and agriculture stable. Expected epidemiological stabilisation to boost performa...
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 17 May 2021

Turkey: Government sets controlled normalisation from lockdown till June

Weekday curfews relaxed to between 9 p.m. and 5 a.m., weekend curfews maintained. Shopping malls, retail shops, village bazaars, hairdressers to open on weekdays. Intercity travel ban lifted, ban on sit-ins for cafes, restaurants maintained. In-perso...
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 17 May 2021