MAPI stock: Mirae Asset sets IDR 1,890 target for Mitra Adiperkasa stock

Published on 10/21/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MAPI's Frankfurt range spans EUR 0.04 to EUR 0.08. MAPI stock costs EUR 0.06 on October 21, 2026, 6.25 percent below Frankfurt.

Target and price facts

Mirae Asset set an IDR 1,890 target for MAPI on October 8, 2026.
MAPI's Frankfurt 52-week range was EUR 0.04 to EUR 0.08 on October 15, 2026.
MAPI stock cost EUR 0.06 at Lang & Schwarz on October 21, 2026, 6.25 percent below the Frankfurt close.

MAPI, ID1000099807, Illustration mit AI erstellt.

Mirae Asset gave Mitra Adiperkasa an IDR 1,890 target on October 8, 2026, while the target stood 50.60 percent above the October 21, 2026 home-market price of IDR 1,255. The analyst view gives the stock a measurable valuation reference after a sharp year-to-date advance. At Lang & Schwarz, MAPI stock was trading at EUR 0.06 on October 21, 2026 at 2:52 p.m. CEST, 6.25 percent below the Frankfurt close of October 15, 2026 (EUR 0.06).

Target leaves a wide valuation gap

According to Investor Daily on October 8, 2026, Mirae Asset analyst M Nafan Aji Gusta recommended accumulation and assigned MAPI a target of IDR 1,890. The source compared that target with an IDR 1,550 closing price on October 8, implying 21.90 percent upside at that time. Against the latest IDR 1,255 quotation, the same target is 50.60 percent higher.

The target is separate from the company's reported operating results. MAP Indonesia said full-year 2025 revenue rose 13.90 percent to IDR 43.10 trillion, while net profit increased 26.60 percent to IDR 2.70 trillion in the year ended December 31, 2025. The company also reported 4,000 retail stores in more than 80 Indonesian cities at year-end.

Price range and trading activity

The Frankfurt quotation page showed a 52-week range of EUR 0.04 to EUR 0.08 on October 15, 2026. The Lang & Schwarz price of EUR 0.06 therefore stood 25.00 percent below the upper end of that range and 50.00 percent above its lower end.

On the Jakarta market, MAPI closed at IDR 1,255 on October 21, 2026, down 5.28 percent from IDR 1,325, with volume of 12,398,400 shares. Its market capitalization was IDR 20.80 trillion and its price-to-earnings ratio was 8.38 on the same date. The figures place the company's current valuation alongside a materially higher analyst target, while the daily move shows that the target is not a short-term price guarantee.

What does the comparison show?

PT Erajaya Swasembada closed at IDR 570 on October 21, 2026, up 6.54 percent, with a price-to-earnings ratio of 6.36 and market capitalization of IDR 8.87 trillion. PT Ramayana Lestari Sentosa closed at IDR 370, up 1.09 percent, with a price-to-earnings ratio of 9.16 and market capitalization of IDR 2.27 trillion. MAPI's price-to-earnings ratio of 8.38 sits between those two retail peers.

Company figures and trading view

MAP Indonesia operates department stores, fashion and beauty outlets, sports retailers, children's stores, digital concepts and food-and-beverage brands. Its FY 2025 release dated March 30, 2026 said gross profit reached IDR 18.00 trillion and operating profit rose 15.60 percent to IDR 4.00 trillion, giving investors a dated operating reference alongside the analyst target.

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