Valuation of Tech Companies has been largely decimated by the fear of recession and inflation. Some are even down by 80% from their peaks.

Most of these Companies were once valued at PER & PBV of thousands (compare to conventional valuation PER of 10 and PBV of 1). Now, the reality sets in. Funding is no longer cheap and is rarely available.

Despite cash burn and losses suffered by the tech sector, there is one Company that has been doing quite well owing to this new economy.

ASSA (Adi Sarana Armada)

ASSA is one of the largest and most diverse Transports & Logistics Company. Its competitive advantage lies in its early adoption of technological advancement into operations.

Overall, its revenue has been growing rapidly in the last few years.

This growth is primarily contributed by the express delivery segment (Anteraja), at an astonishing CAGR that surpasses most other Companies. 

As online marketplace grows, so will this express delivery business.  Its plan to invest in more robotics and expand into cross-border deliveries will improve competitiveness, efficiency, and hopefully creates more jobs to the economy.

Disclaimer: NOT FINANCIAL / INVESTMENT ADVICE. This article is of writer’s personal opinion. Any information contained here is for education and informational purpose only. Readers should seek other sources or professional advice for further clarification where deemed necessary.