Valuation November 2016: Matahari Putra Prima (MPPA.JK)

Retail business in Indonesia is a very promising industry. MPPA has suffer from declining profit in 2015 is due for a rebound, but how is the stock valuation? From last Friday closing price, there still a downside of -19%. My valuation results in equity value of Rp 1372/share, significantly under the last closing price.

Download the excel file containing the full valuation:

mppa-matahariputraprima-update-1h16

screen-shot-2016-11-26-at-10-56-53-amscreen-shot-2016-11-26-at-10-57-11-am

Published by Journeyman

A global macro analyst with over four years experience in the financial market, the author began his career as an equity analyst before transitioning to macro research focusing on Emerging Markets at a well-known independent research firm. He read voraciously, spending most of his free time following The Economist magazine and reading topics on finance and self-improvement. When off duty, he works part-time for Getty Images, taking pictures from all over the globe. To date, he has over 1200 pictures over 35 countries being sold through the company.

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