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Thursday, January 19, 2017       09:17 WIB
Premier Insight: MAPI plans to expand 200 new outlets with a capex of Rp700bn in FY17

Mitra Adiperkasa (MAPI IJ; Rp5,175; Hold) plans to expand 200 new outlets with a capex of Rp700bn in FY17. This equates to 70,000 sqm of new selling area added for the year with expansions in department stores, fashion, active and F&B. Meanwhile e-commerce mapemall.com currently contributes a mere 1% to the business and the Company plans to increase its sales contribution in FY17. Citing the revenue growth to be in-line with industry, Management targets a 13% top line growth in FY17. (Kontan)

Comment: Capex and expansion plans for FY17 is expected to come slightly higher than FY16. We expect the slightly more aggressive expansion to be successful if we see further recovery in economic growth.

 

 

Sumber : IPS RESEARCH


 





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