Mitra Adiperkasa (MAPI IJ): Making growth in vogue

Mitra Adiperkasa (MAPI IJ)
Analyst: Chelene Indriani
BUY / TP: IDR:1,300 (+30.7%)
Making growth in vogue
• Path to being 360° retailer targets middle class and affluent consumers
• Profitability is improving
• Growth flourishes beyond active lifestyle products
• Initiate coverage with a BUY call and a target price of IDR1,300