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<ul><li>Conference call reveals that <a href="https://www.smartkarma.com/entities/14739" target="_blank" data-smartkarma-citation="entities:14739:1">Surya Citra Media Pt Tbk (SCMA IJ)</a>'s fundamentals have improved considerably, thanks to a surge in audience share YTD.</li><li>Moreover, SCMA could participate in rapidly growing digital advertising sector through (potential) investment in KMK Online.</li><li>Also, market rumors are rife that SCMA is in play to consolidate Indonesian media sector by acquiring <a href="https://www.smartkarma.com/entities/9460" target="_blank" data-smartkarma-citation="entities:9460:1">Intermedia Capital Tbk Pt (MDIA IJ)</a>.</li><li>SCMA trades at a premium 15.9x 2018 EV/EBITDA as it is a gold standard in Indonesian media space in terms of corporate governance.</li></ul>

Conference call reveals that Surya Citra Media Pt Tbk (SCMA IJ)'s fundamentals have improved considerably, thanks to a surge in audience share YTD.Moreover, SCMA could participate in rapidly growing digital advertising sector through (potential) investment in KMK Online.Also, market rumors are rife that SCMA is in play to consolidate Indonesian media sector by acquiring Intermedia Capital Tbk Pt (MDIA IJ).SCMA trades at a premium 15.9x 2018 EV/EBITDA as it is a gold standard in Indonesian media space in terms of corporate governance.

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