Mitra Adiperkasa (MAPI), the leading lifestyle retailer in Indonesia, ended at Rp980 Monday (Aug 8) to represent PE multiple 8 on annualized earnings in the first half of 2022, way below market average. The company booked net profit of Rp1.19 trillion in the first half (H1) of 2022, surged 316% year on year (y/y), as net revenue grew 33.3% y/y to Rp12.2 trillion. To subscribe please click here
