Kiwoom analyst targets Mitra Adiperkasa stock at IDR 1,700
Published on 10/22/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and valuation markers
- Kiwoom analyst Abdul Azis Setyo Wibowo assigned an IDR 1,700 target on October 14, 2026.
- MAPI reported IDR 24.15 trillion in first-half 2026 revenue, up 23.36 percent year over year.
- Mitra Adiperkasa stock traded at EUR 0.07 at 9:45 a.m. CEST at Lang & Schwarz on October 22, 2026.
- The company had an IDR 23.5 trillion market capitalization on October 22, 2026.
Mitra Adiperkasa (ID1000099807) traded at EUR 0.07 at Lang & Schwarz on October 22, 2026 at 9:45 a.m. CEST. On October 14, 2026, Kiwoom Sekuritas Indonesia analyst Abdul Azis Setyo Wibowo set an IDR 1,700 target and a trading-buy recommendation, as reported by Kontan.
What supports the growth case?
The latest reported operating picture is first-half 2026. MAPI posted net revenue of IDR 24.15 trillion, up 23.36 percent from IDR 19.58 trillion a year earlier, while net profit attributable to owners reached IDR 1.21 trillion, up 26.49 percent. Kontan linked the figures to resilient consumer demand while also citing purchasing-power, import-cost and margin risks.
The next earnings direction is still an estimate rather than a reported result. In a research note dated October 21, 2026, BRI Danareksa Sekuritas forecast MAPI third-quarter revenue growth of 15.30 percent year over year and cumulative nine-month growth of 20.50 percent.
Three dated milestones
On March 30, 2026, MAP reported full-year 2025 net revenue growth of 13.90 percent to IDR 43.1 trillion and net profit growth of 26.60 percent to IDR 2.7 trillion in its official release from MAP Indonesia. On October 9, 2026, Samudra Pte Ltd bought 187,448,100 MAPI shares, equal to 1.13 percent, at IDR 1,523 per share; on October 14, 2026, Kiwoom's analyst published the IDR 1,700 target, with both events reported by Kontan.
Price and market value
The price signal is modest in euro terms, but the operating figures provide a more material valuation reference. Finance data put MAPI's market capitalization at IDR 23.5 trillion on October 22, 2026. The company operates in Indonesian retail across department stores, fashion, sports, food and beverage, and lifestyle brands.
Mitra Adiperkasa stock was trading at EUR 0.07 at Lang & Schwarz on October 22, 2026 at 9:45 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Mitra Adiperkasa stock.
Mitra Adiperkasa stock facts
- Company: PT Mitra Adiperkasa Tbk
- ISIN: ID1000099807
- Ticker: MAPI
- Primary exchange: IDX
- Price Lang & Schwarz (as of October 22, 2026, 9:45 a.m. CEST): EUR 0.07
- Market capitalization: IDR 23.5 trillion (as of October 22, 2026)
- Sector / Industry: Consumer Cyclical / Department Stores
Market context: Market report IDX Composite.
