Will This Media Giant Maintain Its Coronavirus-Fueled Momentum? | Global Mediacom
Watch the Uncovered Asia video with Andrew Stotz to learn more about the latest developments in PT Global Mediacom Tbk.
Company: PT Global Mediacom Tbk
Bloomberg ticker: BMTR IJ
Background: PT Global Mediacom Tbk is a multi-media company listed on the Indonesia Stock Exchange. Core businesses are Cable TV stations (PT Media Nusantara Citra, MNCN IJ), subscription-based streaming (PT Sky Vision, MSKY IJ), and several digital businesses.
Why the price rally in Global Mediacom?
The majority of revenue comes from cable television and subscription-based streaming, excellent for the company amid the COVID-19 pandemic. According to a recent study in Indonesia, COVID-19 has increased media consumption by 60%. Certainly benefits this media giant!
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