[MAPA: Indonesia's largest sports retailer, one step closer to becoming a leader in ASEAN]
Hello everyone, I'm currently on a very long and honestly boring college holiday, so I decided to make an analysis of one of my favorite issuers, its MAPA or Map Aktif Adiperkasa!
I am very interested in this issuer and started collecting it since 2021 because at that time I found out that MAPA managed to sustain in 2020 and even made a profit when issuers in similar industries experienced significant losses, besides that the expansion steps abroad in the midst of the pandemic also impressed me and convinced me to collect the shares that I still own until now
In 2022, MAPA was recorded to control 48% of the sports product market share in Indonesia, far above its closest competitor which only had a market share of 5.8%. Currently, MAPA is aggressively expanding its outlets in ASEAN and now has hundreds of outlets abroad.
Because this is my first equity research paper, sorry if there are still shortcomings and I also accept criticism and suggestions. Please enjoy my research results, ciayooo
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