Corporate Updates
Matahari Department Store (LPPF IJ): A slight pick-up on its 3Q20
Matahari Department Store (LPPF IJ)
BUY / TP: IDR:1,400 (+42.1%)
Analyst: Mewaharti Lai
A slight pick-up on its 3Q20
• QoQ are walking toward the light
• Cost cutting will be continued
• Alteration to our forecast
• Re-iterate BUY with changed TP