Retail: FY26 Outlook: Fiscal Boost and Store Expansion Drive Steady Growth in FY26F (OVERWEIGHT)
We expect govt fiscal expansion to boost gradual demand recovery, while store expansion remains the key growth driver for retailers in FY26F.
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MAP Aktif Adiperkasa (MAPA.IJ) - Decent Growth Outlook Amid a Consolidation Year
We see the company’s consolidation and efficiency initiatives this year as positive, as they could lay the foundation for stronger growth esp in...
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MAP Aktif (MAPA IJ) — 2025 Update
MAP Aktif is the sportswear subsidiary of Indonesian retail giant Mitra Adiperkasa. I wrote a deep dive on MAP Aktif in January 2022, during the...
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Mitra Adiperkasa (MAPI IJ) - Recovery in Motion
MAPI booked a solid set of results in 3Q2025, with momentum continuing into October, as consumer sentiment has started to improve, with active...
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IDX30/​​LQ45/IDX80 Index Rebalance: Plenty of Change with 4 Days to Trade
There are 2 constituent changes for the IDX30 Index, 5 for the LQ45 Index, and 7 for the IDX80 Index to be implemented at the close on 31 October....
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