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Today's Headlines Matahari Department Store

  • What's Behind Matahari Department Store's Falling Shares?

    What's Behind Matahari Department Store's Falling Shares?

    Indonesia's largest department store chain Matahari Department Store has seen its shares plunge 32.2 percent to IDR 10,775 a share since its recent peak of IDR 15,900 a piece on 22 May 2017. Although its shares rebounded 2.13 percent on Wednesday (23/08) they remain around the lowest level since early 2014. What is behind this decline?

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Latest Columns Matahari Department Store

  • A Quick Look at Indonesia's Largest Listed Retail Businesses

    A Quick Look at Indonesia's Largest Listed Retail Businesses

    Indonesian retail businesses are optimistic that their performance will improve in 2016 on the back of rising purchasing power amid the government's decision to cut energy tariffs (fuel and electricity) and its plan to raise non-taxable income by 50 percent. These moves mean that Indonesian consumers (particularly in the lower middle class segment) should have more money to spend. Tutum Rahanta, Deputy Chairman of the Indonesian Retailers Association (Aprindo), says retail business can grow by 12 - 15 percent (y/y) in 2016, considerably higher than the 7 - 8 percent (y/y) growth pace realized last year.

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  • Retail Business Indonesia to Grow, Matahari Department Store Takes Advantage

    Retail Business Indonesia to Grow, Matahari Department Store Takes Advantage

    Matahari Department Store is a leading modern retail business in Indonesia offering a wide variety of products such as accessories, home-ware and fashion. In 2016 the company, which has been listed on the Indonesia Stock Exchange since 1989, plans to open between six and eight new stores as part of its expansion plans. This is a more conservative plan compared to 2015 when Matahari Department Store opened 11 new stores. However, the lower amount of new stores may in fact manage to enhance productivity at the existing stores and curtail operational costs.

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  • The Rise of Matahari Department Store in Indonesia's Retail Sector

    Matahari Department Store

    Within a timespan of a few years only, Matahari Department Store has shown impressive growth. Its market capitalization increased from IDR 146 billion (US $15 million) in late 2008 to a current IDR 31.95 trillion (US $3.28 billion). The company, which sells fashion apparel, accessories and beauty products, is now the largest company in Indonesia's retail sector, outperforming other giant retailers, such as Alfa Supermarket or Hero Supermarket.

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  • Speculation about Cyprus Agreement Causes a Rise in Asian Stock Markets

    After speculation began to spread that an agreement would be reached between Cyprus and Troika (made up of the European Union, the European Central Bank and the IMF), Asian stock markets went up, including the Indonesia Stock Exchange (IHSG). Despite foreigners' appetite for selling Indonesian assets, the index rose as it was lifted by domestic market participants' appetite for purchasing those stocks that experienced a fall on the previous trading day.

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Associated businesses Matahari Department Store