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

PT Surya Citra Media (SCMA IJ) - Primed for Reset in 2023

The Week That Was in ASEAN@Smartkarma - SCMA's Reset, Metrodata, and Indocement's Alternative Edge.

PT Surya Citra Media (SCMA IJ) - Catalytic Converter

PT Surya Citra Media Tbk (SCMA IJ) - A Vote of Confidence in Vidio

PT Surya Citra Media Tbk (SCMA IJ) - Laying Foundations for Growth in FTA and Digital

PT Surya Citra Media Tbk (SCMA IJ) - On the Cusp of a Convincing Recovery

Gravity Works As WeWork Doesn't; Now Plan B

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

<ul>
<li>
<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> released solid 9M2022 results with revenues rising 12.8% YoY but profits were impacted but higher programming costs and switch to FTA digital.</li>
<li>SCMA continues to gain audience share in FTA, especially through Indosiar as new drama series and sports attract eyeballs, with Vidio taking the lead on digital with 4m paying subs.</li>
<li>The company looks attractive at these levels trading below its 5-year average forward PER plus its stake in Vidio alone is worth US$756m versus a Market Cap of US$1bn. </li>
</ul>



PT Surya Citra Media Tbk (SCMA IJ) released solid 9M2022 results with revenues rising 12.8% YoY but profits were impacted but higher programming costs and switch to FTA digital.
SCMA continues to gain audience share in FTA, especially through Indosiar as new drama series and sports attract eyeballs, with Vidio taking the lead on digital with 4m paying subs.
The company looks attractive at these levels trading below its 5-year average forward PER plus its stake in Vidio alone is worth US$756m versus a Market Cap of US$1bn. 


Surya Citra Media (SCMA IJ) - Standing Ovation in FTA and Digital