Convenience store operator Sumber Alfaria Trijaya (AMRT, Alfamart) has just left its peak, but the last quoted price already reflected market capitalization of Rp92.6 trillion, nearly ten times its equity. Large format retailer PT Matahari Putra Prima Tbk (MPPA), where GOTO has substantial shareholding, meanwhile, is worth Rp1.5 trillion only. What a contrast!To subscribe please click here
