ConsumerDaily Briefs

Daily Brief Consumer: Jardine Cycle & Carriage, PT Metrodata Electronics, Formula One Group and more

In today’s briefing:

  • JCNC’s Logic-Defying Valuation
  • PT Metrodata Electronics (MTDL IJ) – The Digital Transformer
  • Formula One Group: Initiation of Coverage – Major Partnerships & Other Key Drivers
  • Formula One Group: Detailed Credit Analysis & Financial Strength Evaluation Report

JCNC’s Logic-Defying Valuation

By David Blennerhassett


PT Metrodata Electronics (MTDL IJ) – The Digital Transformer

By Angus Mackintosh

  • PT Metrodata Electronics had a strong finish to the year with FY2022 net profit growth of +14.1% YoY driven by both its ICT distribution and Solutions & Consulting (S&C) businesses.
  • The S&C business continues to thrive on Indonesia’s ongoing digitalisation, especially in the financial sector with the advent of digital banking but also in the telecom and oil&gas sectors. 
  • PT Metrodata sees a slower outlook for the consumer outlook but strong momentum behind commercial sales and S&C as digitalisation continues, and new growth from the Public Sector. Valuations attractive.

Formula One Group: Initiation of Coverage – Major Partnerships & Other Key Drivers

By Baptista Research

  • This is our first report on a global media and entertainment player, Formula One Group.
  • Its fourth quarter result was mixed and the company surpassed the revenue expectations of Wall Street but missed out on meeting earnings expectations.
  • The company introduced a new brand campaign in the quarter to demonstrate F1’s position in the sporting and entertainment worlds.

Formula One Group: Detailed Credit Analysis & Financial Strength Evaluation Report

By Baptista Research

  • Formula One Group is major global media and entertainment company with decent fundamentals.
  • The management anticipates Ford’s contribution as a technical engine supplier will be valuable for the sport and Red Bull.
  • Baptista Research looks to evaluate the different credit strengths and credit risks of the company as well as a line-by-line analysis of the financial statements of the company for the past four years.

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