Equity SNAPSHOT Tuesday, August 24, 2021
Equity SNAPSHOT Tuesday, August 24, 2021 FROM EQUITY REPORT KEY INDEX KEY INDEX Chg Ytd Vol Chg Ytd Vol Elang Mahkota Teknologi: The E-agle has landed Close Close (EMTK.IJ IDR 2,030 BUY TP. IDR 3,000) (%) (%) (US$ m) (%) (%) (US$ m) EMTK is Indonesia’s own Softbank and Alibaba, supported by its cash Asean - 5 Asean - 5 machine SCMA as the source of funds. EMTK allocate the dividend Indonesia 6.110 1,3 2,2 793 Indonesia 6,134 0.1 (1.0) 318 for tech investments, the most notable is, BUKA being their success Thailand 1.582 1,9 9,2 3.458 Thailand 1,568 (0.1) 0.2 1,454 story whereby the estimated ROI is more than 12x, and from the Philippines 6.592 (0,6) (7,7) 103 Philippines 7,855 (0.3) 5.2 87 recent huge IPO. EMTK recently did an IDR9.3tn NPRI, with some Malaysia 1.522 0,3 (6,4) 447 Malaysia 1,562 (0.5) (7.6) 338 of the proceed invested to Grab Indonesia with the marking of close Singapore 3.088 (0,5) 8,6 1 Singapore 3,173 (0.5) 3.4 908 ties with the Grab ecosystem to further enhance growth. Another Regional Regional group interest is SAME which will be further digitized for value China 3.477 1,5 0,1 108.209 China 2,885 0.3 15.7 28,889 additions. Entrance to digital banking is inevitable we believe due to Hong Kong 25.110 1,0 (7,8) 21.764 Hong Kong 26,391 (0.2) 2.1 9,093 vast potential even just to cater EMTK – Grab customers and Japan 27.770 1,0 1,2 3.516 Japan 23,380 (0.6) 16.8 10,278 partners.
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