Emtek buys 50 million SCMA shares before Elang Mahkota Teknologi stock results
Published on 10/25/2026 at 01:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSControl and reporting dates
- Emtek bought 50 million SCMA shares and raised control to 86.71 percent on October 23, 2026.
- Second-quarter 2026 revenue was IDR 5.00 trillion, down 14.04 percent from the prior quarter.
- Elang Mahkota Teknologi's market capitalization was IDR 21.3 trillion as of October 23, 2026.
- Quarterly results are scheduled for November 4, 2026.
Elang Mahkota Teknologi (ID1000113905) bought 50 million shares of subsidiary Surya Citra Media on October 23, 2026, lifting its control to 86.71 percent, IDNFinancials reported. The transaction makes the group's portfolio allocation the central stock issue ahead of its next results date.
Three dates shaped the stock
On October 6, 2026, Elang Mahkota Teknologi stock had risen 5.76 percent to IDR 404 as Indonesia's football tournament improved sentiment around its media holdings, according to Investing.com. On October 20, 2026, the stock was listed among the IDX's top gainers with a 6.92 percent increase, Kontan reported. On October 23, 2026, the company purchased the additional SCMA shares and raised control to 86.71 percent.
What does the purchase change?
The latest ownership move adds scale to the media segment, but the second-quarter numbers show why execution matters. TradingView reports second-quarter 2026 revenue of IDR 5.00 trillion, down 14.04 percent from the prior quarter, while net income reached IDR 15.25 billion. The combination gives investors a concrete test for whether greater control of SCMA can support earnings.
Next reporting date
TradingView lists November 4, 2026, as the next quarterly reporting date. That release should show whether the enlarged SCMA position changes reported ownership income or the broader revenue mix.
Holdings drive the valuation
Elang Mahkota Teknologi had a market capitalization of IDR 21.3 trillion as of October 23, 2026. The same market snapshot put its 52-week range at IDR 312.00 to IDR 1,500.00, leaving a wide gap between the latest quote and the yearly high. The IDX quote was last at IDR 348 on October 23, 2026, at 4:14 p.m. WIB.
Elang Mahkota Teknologi key data
- Company: PT Elang Mahkota Teknologi Tbk
- ISIN: ID1000113905
- Ticker: EMTK.JK
- Primary exchange: Indonesia Stock Exchange
- Market capitalization: IDR 21.3 trillion (as of October 23, 2026)
- 52-week range: IDR 312.00-1,500.00 (as of October 23, 2026)
- Sector / Industry: Communication Services / Broadcasting
- Next earnings date: November 4, 2026
Market context: Market report IDX Composite.
