ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

In Equity Sales and Research for more than 25 years covering Asian markets. Possesses in-depth knowledge of a wide range of companies, economies, and markets in Asia. Over his career, he has specialised in HK/China and ASEAN markets at various different Investment Banks, most recently heading equities in Indonesia for Bank of America Merrill Lynch in Jakarta for more than three years. Whilst in Jakarta, he produced a well-read daily and weekly product on the Indonesian market, which included company visits, as well as political, economic and sector commentary. A former racing skier, who enjoys ultra-marathons and surfing in his spare time.

ASEAN Insight Provider

The Week That Was in ASEAN@Smartkarma - Indonesia's Rich Media, Mitratel, and Malaysian Banks

Banking Sector: Steady Growth And Compelling Valuation

JMT Network Services - Near Infinite Debt Collection Supply?

PT Surya Citra Media Tbk (SCMA IJ) - Let the Games Begin

PT Surya Citra Media Tbk (SCMA IJ) - Playing Catch Up WIth a Digital Twist

PT Surya Citra Media Tbk (SCMA IJ) - From Analog to Digital

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

PT Surya Citra Media Tbk / Equity Bottom-Up

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<p><a href="https://www.smartkarma.com/entities/surya-citra-media-pt-tbk" target="_blank" data-smartkarma-citation="entities:14739:1" rel="noopener">PT Surya Citra Media Tbk (SCMA IJ)</a> just released its results for 9M2021, with its net revenues increasing by +22.5% YoY, reflecting a solid recovery from 9M2020 numbers, despite recent spikes in COVID-19 cases.</p>
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<p><a href="https://www.smartkarma.com/entities/surya-citra-media-pt-tbk" target="_blank" data-smartkarma-citation="entities:14739:1" rel="noopener">PT Surya Citra Media Tbk (SCMA IJ)</a>'s digital media businesses including Vidio, KLY, and Whisper, together with its out of home business under EYE, generated combined revenue increase of +65.7% YoY, with slower grow at EYE, as people practiced work social distancing and work from home.</p>
<p>S<a href="https://www.smartkarma.com/entities/surya-citra-media-pt-tbk" target="_blank" data-smartkarma-citation="entities:14739:1" rel="noopener">PT Surya Citra Media Tbk (SCMA IJ)</a> and <a href="https://www.smartkarma.com/entities/elang-mahkota-teknologi-tbk" target="_blank" data-smartkarma-citation="entities:7752:1" rel="noopener">Emtek (EMTK IJ)</a> have recently seen Affinity Partners invest US$150m in to their jointly-owned and leading Indonesian OTT video-streaming platform Vidio.com, valuing the company at a pre-money valuation of US$750m.</p>
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<p><a href="https://www.smartkarma.com/entities/surya-citra-media-pt-tbk" target="_blank" data-smartkarma-citation="entities:14739:1" rel="noopener">PT Surya Citra Media Tbk (SCMA IJ)</a> has also recently become a minority shareholder in RANS Entertainment, a start-up company run by celebrity husband and wife couple Raffi Ahmad and Nagita Slavina. </p>
<p><a href="https://www.smartkarma.com/entities/surya-citra-media-pt-tbk" target="_blank" data-smartkarma-citation="entities:14739:1" rel="noopener">PT Surya Citra Media Tbk (SCMA IJ)</a> continues to generate ROEs in excess of 20% and will likely start to pay dividends again in 2022, as the recovery taKes hold, making it an attractive prospect.</p>
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PT Surya Citra Media Tbk (SCMA IJ) just released its results for 9M2021, with its net revenues increasing by +22.5% YoY, reflecting a solid recovery from 9M2020 numbers, despite recent spikes in COVID-19 cases.

PT Surya Citra Media Tbk (SCMA IJ)'s digital media businesses including Vidio, KLY, and Whisper, together with its out of home business under EYE, generated combined revenue increase of +65.7% YoY, with slower grow at EYE, as people practiced work social distancing and work from home.
SPT Surya Citra Media Tbk (SCMA IJ) and Emtek (EMTK IJ) have recently seen Affinity Partners invest US$150m in to their jointly-owned and leading Indonesian OTT video-streaming platform Vidio.com, valuing the company at a pre-money valuation of US$750m.




PT Surya Citra Media Tbk (SCMA IJ) has also recently become a minority shareholder in RANS Entertainment, a start-up company run by celebrity husband and wife couple Raffi Ahmad and Nagita Slavina. 
PT Surya Citra Media Tbk (SCMA IJ) continues to generate ROEs in excess of 20% and will likely start to pay dividends again in 2022, as the recovery taKes hold, making it an attractive prospect.















PT Surya Citra Media Tbk (SCMA IJ) - Looking Forward to a Digital Fuelled Future