External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Thematic (Sector/Industry)

Indonesia Media / Thematic (Sector/Industry)

<ul><li>MNCN and SCMA will remain relevant during and after the transition to streaming services</li><li>Local content share remains relatively low in SE Asia’s AVOD market, but largely controlled locally, keeping foreign OTT players at bay</li><li>In the meantime, we are of the view that FTA TV revenues will remain resilient until around 2027, by which time the streaming propositions of MNCN and SCMA will be sustainable riding expected consumer tailwinds in the near term</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

MNCN and SCMA will remain relevant during and after the transition to streaming servicesLocal content share remains relatively low in SE Asia’s AVOD market, but largely controlled locally, keeping foreign OTT players at bayIn the meantime, we are of the view that FTA TV revenues will remain resilient until around 2027, by which time the streaming propositions of MNCN and SCMA will be sustainable riding expected consumer tailwinds in the near termContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Media - Short & medium-term uncertainty