SSI SUMMARY - MIKA's valuation is now quite undemanding, trading at 9.7x 26F EV/EBITDA (global peers: 28.3x) while offering higher ROE of 19.1% (peers: 13.9%), paving the way for an attractive entry level for investors. Its strategy of lifting revenue intensity by scaling its CoEs while reducing JKN contribution supports profitability, while current net-cash position allows MIKA continued financial flexibility to internally conduct expansions in the longer run.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.