In today’s briefing:
- Mitra Adiperkasa (MAPI IJ) – Strong Finisher
Mitra Adiperkasa (MAPI IJ) – Strong Finisher
- A recent meeting with Mitra Adiperkasa confirmed that management remains confident about a strong finish to the year, despite a lingering drag from Starbucks even with the boycott being lifted.
- MAPI continues to expand its store network with 650 new stores targeted this year, with 400 under MAP Aktif and ongoing regional expansion. MAPI’s omnichannel strategy is also driving growth.
- Inventory levels are higher due to higher store count and ahead of various festive seasons. Inditex brands continue to drive fashion with MAPA showing the fastest growth. Valuations remain attractive.
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