In today’s briefing:
- Mitra Adiperkasa (MAPI IJ) – Universally Retail
Mitra Adiperkasa (MAPI IJ) – Universally Retail
- Mitra Adiperkasa (MAPI IJ) has proved itself with flying colours during the pandemic and continues to do so as mobility resumes, with offline sales recovering but digital remaining firm.
- The company continues to build out its newer brands such as Boots, Footlocker, Sketchers, DigiMAP, and Lego, with 161 store openings in 1H2022 and more to come in 2H2022.
- Mitra Adiperkasa is starting to ramp up its regional presence in Vietnam and the Philippines especially, which represents a future growth driver. Valuations are attractive despite the recent run up.
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