Indonesia Retailers - Strong profits, soft demand
JW SH NY SCRetailers delivered mediocre same-store sales growth (SSSG) in 4Q25...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
Retailers delivered mediocre same-store sales growth (SSSG) in 4Q25...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
MAPA delivered very strong earnings growth in 4Q25...
RETAIL Map Aktif Adiperkasa MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
MAPI delivered strong 4Q25 earnings growth...
RETAIL Mitra Adiperkasa MAPI MAPI JK MAPI IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
ERAA delivered strong earnings growth in 4Q25...
RETAIL Erajaya Swasembada ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
MIDI delivered strong earnings growth in 4Q25...
RETAIL Midi Utama Indonesia MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
Our analysis suggests that only a few retailers have...
RETAIL Daya Intiguna Yasa MDIY MDIY JK MDIY IJ Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
In our 3Q25F earnings preview of 13 October...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Nayla Yasmin Samuel Christian
We continue to expect modest earnings delivery for the Indonesia...
RETAIL Indonesia Retailers Jody Wijaya Sandy Ham Samuel Christian
Erajaya (ERAA) delivered its best-ever quarterly sales and net profit in 2Q25...
RETAIL Erajaya Swasembada ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
MAPA recorded its slowest 1H y-y sales growth on record, with 1H25...
RETAIL Map Aktif Adiperkasa MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
Following the Lawson (unlisted) divestment in mid-May 2025, MIDI no longer...
RETAIL Midi Utama Indonesia MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian
As the quarterly results season approaches, we see...
ERAA’s performance has been underwhelming over the past three years...
RETAIL ERAA ERAA JK ERAA IJ Jody Wijaya Sandy Ham Samuel Christian
Despite the timing difference of Lebaran...
RETAIL MAPA MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian
The group reported weak same-store sales growth...
RETAIL MAPI MAPI JK MAPI IJ Jody Wijaya Sandy Ham Samuel Christian