UBS Initiates Buy Rating on Mitra Adiperkasa Stock, Target Price IDR1,850.00
UBS, a leading investment firm, has just initiated coverage on Mitra Adiperkasa (MAPI:IJ) (OTC: PMDKF) stock, a top lifestyle retailer in the ASEAN region. With a Buy rating and a price target of IDR1,850.00, UBS is bullish on the company's future prospects.
Mitra Adiperkasa is well-known for its strong presence in the sportswear retail segment and its partnerships with global fashion brands. The company also holds majority stakes in MAP Aktif (MAPA.JK) and MAP Boga (MAPB.JK), which operate popular food and beverage brands in Indonesia.
Despite facing challenges such as a decline in share price, concerns over the Indonesian rupiah, and potential import tariffs, UBS believes these setbacks are temporary. The firm sees significant growth potential for Mitra Adiperkasa, projecting a CAGR of 14% in revenue from 2024 to 2026.
UBS's analysis indicates that Mitra Adiperkasa's stock is currently undervalued, trading at a 10x PE ratio and at a 48% discount to its Indonesian retail peers. This presents an attractive opportunity for investors looking to capitalize on the company's robust earnings growth potential.
In conclusion, Mitra Adiperkasa's stock is a compelling investment opportunity with strong growth prospects and attractive valuation metrics. Investors should consider adding this stock to their portfolio for potential long-term gains.
Analysis:
- UBS initiates coverage on Mitra Adiperkasa stock with a Buy rating and target price of IDR1,850.00.
- Mitra Adiperkasa is a prominent lifestyle retailer in the ASEAN region with strong growth potential.
- Despite challenges, UBS believes the company's stock is undervalued and offers significant upside potential for investors.
- Investors should consider adding Mitra Adiperkasa stock to their portfolio for potential long-term gains.