Media Nusantara Citra (MNCN)–the parent of RCTI, MNC TV, and Global TV—is currently valued 0.73 x equity, while Surya Citra Media (SCMA), the parent of SCTV, Indosiar, and O Channel, is valued nearly twice its equity. MNCN has consistently been traded at discount vis-a-vis SCMA.
Read MoreBakrie & Brothers (BNBR) suffered loss of Rp110.8 billion in the first half (H1) of 2022, widened from loss of Rp46 billion in the corresponding period of 2021, mainly due to Rp66.3 billion loss in foreign exchange (forex) transaction.
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Not as good as peers in the coal industry, but Bumi Resources (BUMI), the largest producers in Indonesia, booked profit attributable to owners of US$167.67 million in the first half (H1) of 2022, compared to US$1.89 million profit only in the corresponding period of 2021, as revenues surged 129% year on year (y/y) to US$968.7 million.
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