Last Update08 Jan 25Fair value Increased 40%
- Karooooo is continuing to expand in Southeast Asia, leveraging favorable market conditions and an underpenetrated market.
- The Southeast Asian telematics market is projected to grow at a CAGR of 11.53% from 2024 to 2029, adding c3.4m IoT devices.
- KARO's experience in emerging markets and scalable solutions position it well to capture the growing demand for telematics in Southeast Asia.
- Despite challenges like price sensitivity and infrastructure gaps, KARO's strategic positioning and historical success in similar markets support its growth potential.
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