Corporate Updates
Matahari Department Store (LPPF IJ): Retailer thrives amid uncertainty
Matahari Department Store (LPPF IJ)
BUY / TP: IDR1,460 (+15.2%)
Analyst: Mewaharti Lai
Retailer thrives amid uncertainty
• Second quarter was tough.
• In survival mode by cutting opex.
• Streamlining operations.
• Upgrade to BUY.