Johannes Salim, CFA

Equity Bottom-Up

Matahari Department Store / Equity Bottom-Up

<ul>
<li>The biggest news from <a href="https://www.smartkarma.com/entities/5230" target="_blank" data-smartkarma-citation="entities:5230:1">PT Matahari Department Store (LPPF IJ)</a>'s 4Q17 earnings call is SSSG recovery (positive 3.7%, from negative 2.7% in 9M17) and positive YTD SSSG indication.</li>
<li>Management unveils a specific 4-6% SSSG guidance for 2018, underlining its optimism on better 2018.</li>
<li>LPPF trades attractively at 14.5x 2018 PE, vs. peers average of 20.1x.   </li>
</ul><p>We joined 4Q17 earnings call of <a href="https://www.smartkarma.com/entities/5230" target="_blank" data-smartkarma-citation="entities:5230:1">PT Matahari Department Store (LPPF IJ)</a>. Presenting 4Q17 results and 2018 outlook were CEO Richard Gibson and CFO…</p>


The biggest news from PT Matahari Department Store (LPPF IJ)'s 4Q17 earnings call is SSSG recovery (positive 3.7%, from negative 2.7% in 9M17) and positive YTD SSSG indication.
Management unveils a specific 4-6% SSSG guidance for 2018, underlining its optimism on better 2018.
LPPF trades attractively at 14.5x 2018 PE, vs. peers average of 20.1x.   
We joined 4Q17 earnings call of PT Matahari Department Store (LPPF IJ). Presenting 4Q17 results and 2018 outlook were CEO Richard Gibson and CFO…

Matahari Department Store: Retail Renaissance?