Matahari Department Stores (LPPF), which operates 146 stores, currently has market capitalization of Rp60.8 trillion. Ramayana Lestari (RALS), which operates 115 stores, meanwhile, has market value of Rp8.4 trillion only. LPPF generated sales revenue of Rp5.18 trillion in the first half, while Ramayana reported 2.77 trillion. Why LPPF is valued six times bigger than Ramayana? What makes the big gap of valuation?To subscribe please click here