Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

Research from SooChow CSSD Capital Markets (Asia)

Equity Bottom-Up

Digital Mediatama Maxima Tbk / Equity Bottom-Up

<p>DMMX recently announced two landmark partnerships that could revolutionize the way it operates as well as substantially adjusts its return profile higher. We turn more bullish on our forecasts, ascribing stronger tractions across all its platforms. Our DCF-based TP thus jumps to IDR910/share (from IDR310), implying 0.8x FY22E PEG. Reiterate BUY</p>

DMMX recently announced two landmark partnerships that could revolutionize the way it operates as well as substantially adjusts its return profile higher. We turn more bullish on our forecasts, ascribing stronger tractions across all its platforms. Our DCF-based TP thus jumps to IDR910/share (from IDR310), implying 0.8x FY22E PEG. Reiterate BUY

PT Digital Mediatama Maxima Tbk: Revving up with AdTech & MarTech Engines