We highlight Matahari Department Store (LPPF IJ), which is down more than 70% from its 2-year high and just announced a buyback of 15% outstanding shares on the back of the Riadys recently increasing their stake.
Last week’s feature MNC Group announced a 1H21 results and in doing so reiterated their commitment to directing free-cash-flow to repaying debt, share buybacks and a dividend that’s now yielding 12% based on FY22 Est.
Another hospital IPO in Indonesia caught our attention following the incredible 300%+ performance of the recently listed Bundamedik (BHMS IJ)
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