Research & Stock Picks

Company Reports

13 August 2024

By

FILM: MSCI Small Cap Inclusion – BUY, TP: IDR 5,500

Our take on the MSCI inclusion:

  • In-line with our latest MSCI rebalancing preview (18 July 2024), FILM will be included in the MSCI Small Cap Index, effective 2 September 2024. The inclusion is expected, considering FILM’s free-float adjusted market cap (FFMC) had reached USD 874.3mn as of August 13, 2024, with 1-year average daily trading volume (ADTV) of USD 2.4mn. Next for FILM will be the potential inclusion in the MSCI Global Standard Index, as its FFMC is already nearing USD 1 bn, and its 1-year ADTV is quite close to USD 2.5mn.
  • Over the past five trading days, the share price of FILM has gone up 23% on massive trading volumes. We attribute the surge in liquidity to several factors, including the company’s impressive 2Q24 EPS growth of +1,480% QoQ and +22.7% YoY, as well as FILM's inclusion in the IDX SMC Composite and IDX Cyclical Economic 30 indices.
  • Looking ahead, we anticipate FILM’s 2H24 movie pipeline, which contains several blockbusters, to enhance the company’s performance further. This, coupled with potential strategic partnership and expansion plans, has us convinced to maintain our positive outlook on FILM.  Our BUY rating on FILM is backed by DCF-based TP of IDR 5,500, reflecting +21% upside potential from current levels.

Share This:

FILM
FILM_20240813

Download PDF

FILM_20240813

More Related

Economic Reports

May 12, 2026

Morning Briefs

May 12, 2026

Company Reports

May 11, 2026

Economic Reports

May 11, 2026

Morning Briefs

May 11, 2026

Economic Reports

May 11, 2026

Company Reports

May 8, 2026

Morning Briefs

May 8, 2026

Economic Reports

May 8, 2026

Morning Briefs

May 7, 2026

Economic Reports

May 7, 2026

Morning Briefs

May 6, 2026

Economic Reports

May 6, 2026

Economic Reports

May 5, 2026

Morning Briefs

May 5, 2026

Economic Reports

May 4, 2026

Economic Reports

May 4, 2026

Economic Reports

May 4, 2026

Morning Briefs

May 4, 2026

Economic Reports

May 4, 2026

Economic Reports

Apr 30, 2026

Morning Briefs

Apr 30, 2026

Economic Reports

Apr 30, 2026

Morning Briefs

Apr 29, 2026

Economic Reports

Apr 29, 2026

Morning Briefs

Apr 28, 2026

Economic Reports

Apr 28, 2026

Morning Briefs

Apr 27, 2026

Morning Briefs

Apr 24, 2026

Economic Reports

Apr 24, 2026

Economic Reports

Apr 23, 2026

Morning Briefs

Apr 23, 2026

Company Reports

Apr 22, 2026

Morning Briefs

Apr 22, 2026

Morning Briefs

Apr 21, 2026

Economic Reports

Apr 21, 2026

Morning Briefs

Apr 20, 2026

Economic Reports

Apr 20, 2026

Morning Briefs

Apr 17, 2026

Economic Reports

Apr 17, 2026

Morning Briefs

Apr 16, 2026

Economic Reports

Apr 16, 2026

Morning Briefs

Apr 15, 2026

Morning Briefs

Apr 14, 2026

Economic Reports

Apr 14, 2026

Morning Briefs

Apr 13, 2026

Economic Reports

Apr 13, 2026

Morning Briefs

Apr 10, 2026

Economic Reports

Apr 10, 2026

Morning Briefs

Apr 9, 2026

Economic Reports

Apr 9, 2026

Morning Briefs

Apr 8, 2026

Economic Reports

Apr 8, 2026

Morning Briefs

Apr 7, 2026

Economic Reports

Apr 7, 2026

Morning Briefs

Apr 6, 2026

Economic Reports

Apr 6, 2026

Morning Briefs

Apr 2, 2026

Economic Reports

Apr 2, 2026

Morning Briefs

Apr 1, 2026

Economic Reports

Apr 1, 2026

Morning Briefs

Mar 31, 2026

Economic Reports

Mar 31, 2026

Morning Briefs

Mar 30, 2026

Economic Reports

Mar 30, 2026

Morning Briefs

Mar 27, 2026

Economic Reports

Mar 27, 2026

Morning Briefs

Mar 26, 2026

Economic Reports

Mar 26, 2026

Morning Briefs

Mar 25, 2026

Company Reports

Mar 17, 2026

Morning Briefs

Mar 17, 2026

Economic Reports

Mar 17, 2026

Morning Briefs

Mar 16, 2026

Economic Reports

Mar 16, 2026

Morning Briefs

Mar 13, 2026

Economic Reports

Mar 13, 2026

Morning Briefs

Mar 12, 2026

Economic Reports

Mar 12, 2026

Morning Briefs

Mar 11, 2026

Economic Reports

Mar 11, 2026

Morning Briefs

Mar 10, 2026

Economic Reports

Mar 10, 2026

Morning Briefs

Mar 9, 2026

Economic Reports

Mar 9, 2026

Morning Briefs

Mar 6, 2026

Economic Reports

Mar 6, 2026