Daily Brief Indonesia: MAP Aktif Adiperkasa PT and more

MAP Aktif is the sportswear subsidiary of Indonesian retail giant Mitra Adiperkasa.

I wrote a deep dive on MAP Aktif in January 2022, during the depths of the COVID-19 pandemic.

At the time, it was suffering from Indonesia’s large-scale social distancing restrictions. But I thought that it would eventually recover, continue growing its store count, and end up with a single-digit P/E ratio.