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In 2Q24, SCMA experienced YoY revenue growth of 4.6% and improvement in NPM to 8.7% as the impact of ASO normalized; as of June 2024, SCMA held the second-largest audience share (30.4%), while Vidio (SCMA’s OTT platform) posted 49% YoY revenue increase in 1H24, driven by high enthusiasm for Premier League
Weak consumer spending led to lower ad spend, particularly from e-commerce and cigarettes, severely impacting SCMA’s 2Q24 FTA ad revenue (-18.5% QoQ, -2.5% YoY); with FTA accounting for 73.7% of SCMA’s 2Q24 revenue, the underperformance of this segment will adversely affect the company’s overall numbers
The completion of Indonesia's analog switch-off (ASO) program presents an opportunity for SCMA to capture larger audience through digital TV (97% penetration in 11 cities as of March 2024, based on Nielsen); severe market under-performance may provide buying opportunity
IDR depreciation against USD could lead to higher costs for consumer companies, potentially reducing their ad spend; rapid technological advancements could affect ad budgets and consumer spending on subscription services, posing a risk to SCMA's revenue streams
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.
