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PremierInsight: MPPA announced its plan to buy 5.3mn new shares with transaction value of Rp121bn
Thursday, June 22, 2017       09:25 WIB

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Matahari Putra Prima ( IJ; Rp730; Hold) announced its plan to buy 5.3mn new shares with transaction value of Rp121bn to increase its stake in GEI (shareholder of MatahariMall.com) to 10.55% from 8.08%. (Company)
 Comment: The transaction value is considered small (5.0% of equity capital), thus this does not change our negative view on due to its exposure to hyper mart segment which is no longer lucrative. Maintain HOLD . 
Sumber : IPS RESEARCH

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