JAKARTA (Yosefardi) – Retail stocks regained in morning trade after recent correction alongwith the market, with Matahari Department Stores (LPPF) leading the sector, jumping 7.14% to Rp11,250.
LPPF however had fallen 20% from its pick at Rp14,000 year to date. Aces Hardware Indonesia (ACES) also increased 1.3% to Rp780. The stock dropped 28% from its pick (Rp1,080) year to date.
Tiphone Mobile Indonesia (TELE) increased 1.67% to Rp610, but has fallen 18% from its pick (Rp740). Sumber Alfaria Trijaya (AMRT) gained 19% year to date. It lost 7.35% to Rp6,300. While Erajaya (ERAA) gained 6.48% to Rp2,875, falling 17% from its pick (Rp3,450) year to date.
Hero Supermarket (HERO) fell 1.3% to Rp3,800, and losing 32% from its pick (Rp5,600) year to date. Mitra Adiperkasa (MAPI) gained 2.72% to Rp7,550, falling 21% from its pick (Rp9,500) year to date. Matahari Putra Prima (MPPA) rose 3.36% to Rp3,075. Year to date, the stock surged 156%.
And Ramayana Lestari Sentosa (RALS) inched up 0.78% to Rp1,300, but fell 19% from its pick (Rp1,600). The stock only gained 8% year to date.
Meanwhile Trikomsel was traded flat at Rp1,530, but has gained 53% year to date. It lost 26% from its pick (Rp2,060).
Indonesian Retail Association (Aprindo) expects sales of retail industry to grow by 15% to Rp150 trillion this year, compared to Rp130 trillion last year.
An expanded processing of financial results of 10 retailers pointed to average sales growth of 30% last year. The combined profit jumped 41% to Rp3.7 trillion in 2012.