Bisnis.com, JAKARTA – The success of dominating the annual television rating throughout 2021 has not made PT Media Nuansa Citra Tbk. (MNCN) satisfied. The issuer, which oversees the MNC Group’s television and entertainment network, still has a lot of ambition to pursue, including strengthening its bargaining position in the capital market.
One of them is the decision to consolidate all digital assets of the parent and subsidiary into the subsidiary body of PT MNC Studios Tbk. (MSIN).
MNC boss Hary Tanoesoedibjo alias HT said that this integration had actually been discussed since last year, although it was only being realized now. Along with the unification of assets into one umbrella, he is optimistic that the market will start labeling MNCN and MSIN shares to a fairer price level.
“Soon, I firmly believe that post-consolidation, MNCN and MSIN will finally get a decent value in the capital market,” said Hary in a statement received by Bisnis, Wednesday (1/19/2022).
It is not surprising that Hary thinks his company’s shares are still too cheap.
Pegged at Rp845 per share until the break of today’s trading session (19/12022), RTI data states that MNCN’s annualized price-to-earnings (PER) ratio is at the level of 5.67x. This ratio is quite attractive if you assume that the fair ratio in the capital market is 10.00x.
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