ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">PT Metrodata Electronics</a> is Indonesia's leading ICT distributor and one of the largest IT solutions &amp; consulting companies, making it a play on growing digitalisation in the country.</li>
<li>The company has seen strong demand from several sectors for its solutions &amp; consulting business, most notably from banks for digital transformations, oil &amp; gas, and telecoms </li>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">PT Metrodata Electronics</a> is also seeing a strong rebound in its ICT distribution business, with its higher-margin solutions outperforming boosted by public sector growth. Valuations compelling on 8.7x FY2024E PER.</li>
</ul>



PT Metrodata Electronics is Indonesia's leading ICT distributor and one of the largest IT solutions &amp; consulting companies, making it a play on growing digitalisation in the country.
The company has seen strong demand from several sectors for its solutions &amp; consulting business, most notably from banks for digital transformations, oil &amp; gas, and telecoms 

PT Metrodata Electronics is also seeing a strong rebound in its ICT distribution business, with its higher-margin solutions outperforming boosted by public sector growth. Valuations compelling on 8.7x FY2024E PER.


PT Metrodata Electronics (MTDL IJ) - Digitising Private and Public Indonesia

<ul>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">Metrodata Electronics</a> released a mixed set of 1Q2023 results, as its ICT distribution slowed as consumers held back from new purchases but this was offset by stronger Solutions&amp;Consulting revenues.</li>
<li>Solutions&amp;Consulting saw strong growth from financial services, with the ongoing boost from BIFAST plus there was strong growth from telcos and the government segment, as it focuses on digitalisation. </li>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">Metrodata Electronics</a> management remains optimistic for 2023, with an expected recovery in distribution revenues in 2H2023 with the guidance of 8% growth for both revenue and net profits for FY2023. </li>
</ul>



Metrodata Electronics released a mixed set of 1Q2023 results, as its ICT distribution slowed as consumers held back from new purchases but this was offset by stronger Solutions&amp;Consulting revenues.
Solutions&amp;Consulting saw strong growth from financial services, with the ongoing boost from BIFAST plus there was strong growth from telcos and the government segment, as it focuses on digitalisation. 

Metrodata Electronics management remains optimistic for 2023, with an expected recovery in distribution revenues in 2H2023 with the guidance of 8% growth for both revenue and net profits for FY2023. 


PT Metrodata Electronics (MTDL IJ) - Enabling Digitalization Across Sectors

<ul>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">PT Metrodata Electronics</a> had a strong finish to the year with FY2022 net profit growth of +14.1% YoY driven by both its ICT distribution and Solutions &amp; Consulting (S&amp;C) businesses.</li>
<li>The S&amp;C business continues to thrive on Indonesia's ongoing digitalisation, especially in the financial sector with the advent of digital banking but also in the telecom and oil&amp;gas sectors. </li>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">PT Metrodata</a> sees a slower outlook for the consumer outlook but strong momentum behind commercial sales and S&amp;C as digitalisation continues, and new growth from the Public Sector. Valuations attractive.</li>
</ul>



PT Metrodata Electronics had a strong finish to the year with FY2022 net profit growth of +14.1% YoY driven by both its ICT distribution and Solutions &amp; Consulting (S&amp;C) businesses.
The S&amp;C business continues to thrive on Indonesia's ongoing digitalisation, especially in the financial sector with the advent of digital banking but also in the telecom and oil&amp;gas sectors. 

PT Metrodata sees a slower outlook for the consumer outlook but strong momentum behind commercial sales and S&amp;C as digitalisation continues, and new growth from the Public Sector. Valuations attractive.


PT Metrodata Electronics (MTDL IJ) - The Digital Transformer

<ul>
<li>
<a href="https://www.smartkarma.com/entities/metrodata-electronic-pt" target="_blank" data-smartkarma-citation="entities:7184:1" rel="noopener">PT Metrodata Electronics</a> booked a solid set of 1H2022 given that although revenues decline -11% its net profit grew +11.7% supported by its solutions and consulting business.</li>
<li>We expect a 2H2022 recovery given 2Q2022 was impacted by Lebaran and solutions &amp; consulting continues to recover driven by banking, oil &amp; gas, and telecoms sectors. </li>
<li>This remains an interesting and unique play on the increasing digitalisation of the Indonesian corporate ecosystem. Valuations remain attractive on 9.5x FY2023E PER, with 2-year EPS CAGR of +over +25%.</li>
</ul>



PT Metrodata Electronics booked a solid set of 1H2022 given that although revenues decline -11% its net profit grew +11.7% supported by its solutions and consulting business.
We expect a 2H2022 recovery given 2Q2022 was impacted by Lebaran and solutions &amp; consulting continues to recover driven by banking, oil &amp; gas, and telecoms sectors. 
This remains an interesting and unique play on the increasing digitalisation of the Indonesian corporate ecosystem. Valuations remain attractive on 9.5x FY2023E PER, with 2-year EPS CAGR of +over +25%.


PT Metrodata Electronics (MTDL IJ) - Driving Digitalisation in Indonesia

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<div>
<p>For our next Corporate Webinar we are glad to welcome Metrodata Electronics’ President Director/CEO, Susanto Djaja and Director/CFO, Randy Kartadinata.</p>
<p>In the upcoming webinar, Susanto will share a short company presentation after which, he and Randy will engage in a fireside chat with Smartkarma Insight Provider, <a href="https://www.smartkarma.com/profiles/angus-mackintosh" target="_blank" rel="noopener">Angus Mackintosh</a>. The Corporate Webinar will include a live Q&amp;A session.</p>
<p><span style="font-family: Roboto, sans-serif; font-size: 1.2em; font-weight: bold;">The Corporate Webinar will be hosted on Tuesday, 16 August 2022, 17:00 SGT.</span></p>
</div>
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<div>
<h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=81741838060" target="_blank" rel="noopener">Register for the Webinar here</a></h2>
</div>
</div>
<p></p>
<p>PT Metrodata Electronics, Tbk (MTDL:IJ), publicly listed company on Indonesia Stock Exchange since 1990, is a Digital Solution Provider and Technology Innovator in Indonesia that leads and enables the digital economy hub. MTDL builds strategic alliances with world-class ICT companies. The Company has two main business units, including Distribution Business (providing World-Class ICT Hardware and Software) that handles distribution through Omnichannel to partnered dealers (both offline and online) and ICT solution companies, as well as runs an e-commerce business (e-catalogue for Government/B2G). Its Distribution network covers more than 150 cities in Indonesia and has more than 5,200 channel partners and more than 100 world-class IT products and service brands. The second business unit, Solution &amp; Consulting Business, is a digital solution provider that provides a complete range of ICT solutions based on Metrodata’s 8 Pillars of Digital Solutions, which consist of Cloud Services, Big Data &amp; Analytics, Hybrid IT Infrastructure, Security, Business Application, Digital Business Platform, Consulting &amp; Advisory Services, and Managed Services to support digital business transformation, for Enterprise, Corporate, SME, and Public Sector segment.</p>
<p>Corporate Webinars by Smartkarma Corporate Solutions feature discussions with IROs and Executives, discussing their companies, the challenges they face, and the opportunities in their sectors and markets.</p>


For our next Corporate Webinar we are glad to welcome Metrodata Electronics’ President Director/CEO, Susanto Djaja and Director/CFO, Randy Kartadinata.
In the upcoming webinar, Susanto will share a short company presentation after which, he and Randy will engage in a fireside chat with Smartkarma Insight Provider, Angus Mackintosh. The Corporate Webinar will include a live Q&amp;A session.
The Corporate Webinar will be hosted on Tuesday, 16 August 2022, 17:00 SGT.



Register for the Webinar here



PT Metrodata Electronics, Tbk (MTDL:IJ), publicly listed company on Indonesia Stock Exchange since 1990, is a Digital Solution Provider and Technology Innovator in Indonesia that leads and enables the digital economy hub. MTDL builds strategic alliances with world-class ICT companies. The Company has two main business units, including Distribution Business (providing World-Class ICT Hardware and Software) that handles distribution through Omnichannel to partnered dealers (both offline and online) and ICT solution companies, as well as runs an e-commerce business (e-catalogue for Government/B2G). Its Distribution network covers more than 150 cities in Indonesia and has more than 5,200 channel partners and more than 100 world-class IT products and service brands. The second business unit, Solution &amp; Consulting Business, is a digital solution provider that provides a complete range of ICT solutions based on Metrodata’s 8 Pillars of Digital Solutions, which consist of Cloud Services, Big Data &amp; Analytics, Hybrid IT Infrastructure, Security, Business Application, Digital Business Platform, Consulting &amp; Advisory Services, and Managed Services to support digital business transformation, for Enterprise, Corporate, SME, and Public Sector segment.
Corporate Webinars by Smartkarma Corporate Solutions feature discussions with IROs and Executives, discussing their companies, the challenges they face, and the opportunities in their sectors and markets.

Smartkarma Corporate Webinar | Metrodata Electronics: Rising with the Digital Tide

Indonesia

Metrodata Electronics is a leading Indonesian information and communication technology (ICT) company, providing digital solutions and distribution services. The company's operations are divided into distribution, which includes the sale of hardware and software, and solution and consultation, offering maintenance services, system management software, and professional services for consultation, implementation, and training. It utilizes emerging technologies such as cloud, big data, IoT, and AI. Headquartered in Jakarta, Indonesia, the company was founded in 1975.

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Metrodata Electronics (MTDL IJ)

PT Metrodata Electronics (MTDL IJ) - Digitising Private and Public Indonesia

PT Metrodata Electronics is also seeing a strong rebound in its ICT distribution business, with its higher-margin solutions outperforming boosted...

Angus Mackintosh

PT Metrodata Electronics (MTDL IJ) - Enabling Digitalization Across Sectors

Metrodata Electronics management remains optimistic for 2023, with an expected recovery in distribution revenues in 2H2023 with the guidance of 8%...

Angus Mackintosh

PT Metrodata Electronics (MTDL IJ) - The Digital Transformer

PT Metrodata Electronics had a strong finish to FY2022, driven by both its ICT distribution and Solutions & Consulting businesses. 2023 will be...

Angus Mackintosh

PT Metrodata Electronics (MTDL IJ) - Driving Digitalisation in Indonesia

MTDL remains a unique play on the increasing digitalisation of the Indonesian corporate ecosystem. Valuations remain attractive on 9.5x FY2023E...

Angus Mackintosh

Smartkarma Corporate Webinar | Metrodata Electronics: Rising with the Digital Tide

Metrodata Electronics’ President Director/CEO, Susanto Djaja and Director/CFO, Randy Kartadinata, will share a short company presentation and chat...

Smartkarma Research

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52-week Range

Market Cap (USDm)

P/E

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