Sinarmas gives MAPI stock an IDR 1,625-1,650 target

Published on 10/16/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MAP reported IDR 43.1 trillion in full-year 2025 revenue on March 30, 2026. MAPI stock costs EUR 0.07 on October 16, 2026, down 12.00 percent on IDX.

Sinarmas updates its MAPI view

Sinarmas Sekuritas set an IDR 1,625-1,650 target for MAPI on October 15, 2026.
MAP reported IDR 43.1 trillion in full-year 2025 revenue on March 30, 2026.
MAPI stock costs EUR 0.07 at Lang & Schwarz on October 16, 2026 at 4:06 p.m. CEST, with the IDX quote down 12.00 percent.
MAPI had a price-to-earnings ratio of 8.82 as of October 16, 2026.

MAPI, ID1000099807, Illustration mit AI erstellt.

Sinarmas Sekuritas gave MAPI a speculative-buy recommendation with an IDR 1,625-1,650 target on October 15, 2026, according to Kontan. The lower target is 23.11 percent above the IDX quote of IDR 1,320 on October 16, 2026. MAPI stock was trading at EUR 0.07 at Lang & Schwarz on October 16, 2026 at 4:06 p.m. CEST.

Full-year revenue reached IDR 43.1 trillion

MAP reported full-year 2025 revenue of IDR 43.1 trillion, up 13.9 percent, in its March 30, 2026 release. Gross profit reached IDR 18.0 trillion, operating profit rose 15.6 percent to IDR 4.0 trillion, and net profit increased 26.6 percent to IDR 2.7 trillion, according to MAP Indonesia.

Range spans IDR 1,000 to IDR 1,940

The IDX quote stood at IDR 1,320 on October 16, 2026, down 12.00 percent from the prior close of IDR 1,500. The finance snapshot also placed the 52-week range at IDR 1,000 to IDR 1,940, putting the quote 32.00 percent above the low and 31.96 percent below the high. Trading volume was 8,340,800 shares against an average of 10,070,493.

Valuation and business scale

MAPI's market capitalization was IDR 21.9 trillion on October 16, 2026, while its price-to-earnings ratio was 8.82. MAP operates more than 4,000 stores across more than 80 Indonesian cities, with brands spanning department stores, sports, fashion, food and beverages, and digital retail.

Comparison with peers

MAPI (IDX, IDR): minus 12.00 percent, price-to-earnings ratio 8.82, market capitalization IDR 21.9 trillion.

PT Erajaya Swasembada Tbk (IDX, IDR): minus 14.63 percent, price-to-earnings ratio 5.86, market capitalization IDR 8.2 trillion.

PT Sumber Alfaria Trijaya Tbk (IDX, IDR): minus 14.92 percent, price-to-earnings ratio 12.26, market capitalization IDR 43.4 trillion.

Stock price and trading position

The current picture combines a lower IDX quote with a still-positive 52-week position and a target range above the market price. The analyst target gives investors a dated valuation reference, while the full-year figures provide the operating baseline.

MAPI stock was trading at EUR 0.07 at Lang & Schwarz on October 16, 2026 at 4:06 p.m. CEST. On the IDX, the stock stood at IDR 1,320 on October 16, 2026, down 12.00 percent from IDR 1,500.

The further course of trading is shown by the continuously updated real-time quote of MAPI stock.