CLSA Raise Up Target Price MAPI to IDR 3,900 per share

CLSA Asia-Pacific Markets in a note yesterday raised the share-price estimate PT Mitra Adiperkasa (MAPI) to 3,900 rupiah from 3,300 rupiah citing the company’s better-than-expected first- quarter results. 

MAPI, the retailer that runs Starbucks Corp. coffee shops, rose 4.3 percent to 3,650 rupiah, closing at a record.