Matahari Department Store Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Monish Mansukhani

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	4.4yrs
CEO ownership	n/a
Management average tenure	3.4yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO

Monish Mansukhani

4.4yrs

Tenure

Mr. Monish Manohar Mansukhani has been Vice President Director at PT Matahari Department Store Tbk since January 1, 2024 and serves as its Chief Executive Officer and Member of the Management Board. Mr. Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Monish Mansukhani	CEO, Member of the Management Board & Vice President Director	no data	no data	no data
Irwin Abuthan	Director of Store Planning & Development	no data	no data	no data
Ian Pemberton	Logistic Director & Member of Board of Management	no data	no data	no data
Herni Dian Anggreani	Chief People & Culture Officer	3.8yrs	no data	no data
Daniel Swinburne	Director of Merchandise Planning & Allocation and Member of Board Management	3.4yrs	no data	no data
Willy Soedjono	IT Director & Member of the Management Board	3yrs	no data	no data
Maju Tarigan	Head of Risk Management & Internal Audit Division	13.8yrs	no data	no data
- Susanto	Corporate Secretary	1.2yrs	no data	no data

3.4yrs

Average Tenure

50yo

Average Age

Experienced Management: LPPF's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Monish Mansukhani	CEO, Member of the Management Board & Vice President Director	4.4yrs	no data	no data
Irwin Abuthan	Director of Store Planning & Development	4.4yrs	no data	no data
Herni Dian Anggreani	Chief People & Culture Officer	3.8yrs	no data	no data
Bunjamin Mailool	President Director	15.1yrs	no data	no data
Andy Adhiwana	President Commissioner	3.8yrs	no data	no data
Hasan Soedjono	Independent Commissioner	less than a year	no data	no data
Adrian Suherman	Commissioner	4.4yrs	no data	no data
Bianca Cheo Hsin	Independent Commissioner	3.8yrs	no data	no data

4.1yrs

Average Tenure

50yo

Average Age

Experienced Board: LPPF's board of directors are considered experienced (4.1 years average tenure).

Matahari Department Store Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

PT Matahari Department Store Tbk, Annual General Meeting, Apr 03, 2024

High number of new and inexperienced directors

High number of new and inexperienced directors

PT Matahari Department Store Tbk, Annual General Meeting, Apr 05, 2022

High number of new and inexperienced directors

Recent updates

Third quarter 2024 earnings released: Rp1.69 loss per share (vs Rp23.61 loss in 3Q 2023)

Price target decreased by 8.0% to Rp1,650

Second quarter 2024 earnings released

Now 21% overvalued

PT Matahari Department Store Tbk to Report First Half, 2024 Results on Jul 25, 2024

First quarter 2024 earnings released: EPS: Rp144 (vs Rp44.32 in 1Q 2023)

Investor sentiment deteriorates as stock falls 20%

High number of new directors

PT Matahari Department Store Tbk to Report Q1, 2024 Results on Apr 30, 2024

Dividend reduced to Rp200

Price target decreased by 14% to Rp2,080

PT Matahari Department Store Tbk, Annual General Meeting, Apr 03, 2024

Full year 2023 earnings released: EPS: Rp298 (vs Rp582 in FY 2022)

Now 20% undervalued

Price target decreased by 7.7% to Rp2,333

PT Matahari Department Store Tbk to Report Fiscal Year 2023 Results on Feb 26, 2024

Investor sentiment improves as stock rises 24%

Investor sentiment deteriorates as stock falls 21%

Third quarter 2023 earnings released: Rp23.62 loss per share (vs Rp57.71 profit in 3Q 2022)

Consensus EPS estimates fall by 11%

Price target decreased by 17% to Rp3,429

Price target decreased by 7.5% to Rp4,283

New minor risk - Financial position

Price target decreased by 13% to Rp4,753

New major risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: Rp246 (vs Rp326 in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of Rp525 per share at 10% yield

Full year 2022 earnings: Revenues miss analyst expectations

PT Matahari Department Store Tbk to Report Q4, 2022 Results on Feb 24, 2023

High number of new and inexperienced directors

Consensus forecasts updated

Third quarter 2022 earnings released

Investor sentiment improved over the past week

PT Matahari Department Store Tbk to Report Nine Months, 2022 Results on Oct 20, 2022

Second quarter 2022 earnings released

Now 22% undervalued after recent price drop

Price target increased to Rp5,598

First quarter 2022 earnings: Revenues miss analyst expectations

High number of new and inexperienced directors

Consensus forecasts updated

Full year 2021 earnings: Revenues miss analyst expectations

Price target increased to Rp4,407

Investor sentiment improved over the past week

Pt Matahari Department Store Tbk Recommends Dividend Payment for Full Year 2022

Pt Matahari Department Store Tbk Ordinary Shares to Be Deleted from Other OTC

Price target increased to Rp4,129

PT Matahari Department Store Tbk, Annual General Meeting, Apr 05, 2022

PT Matahari Department Store Tbk (IDX:LPPF) announces an Equity Buyback for 262,614,878 shares, representing 10% for IDR 500,000 million.

Price target increased to Rp3,639

Investor sentiment improved over the past week

Third quarter 2021 earnings released

Price target increased to Rp2,521

Price target increased to Rp2,388

High number of new and inexperienced directors

Second quarter 2021 earnings released

Price target increased to Rp1,297

Price target increased to Rp1,164

Price target increased to Rp1,080

Price target increased to Rp990

New 90-day high: Rp1,465

Full year 2020 earnings released: Rp332 loss per share (vs Rp492 profit in FY 2019)

Revenue and earnings beat expectations

Price target lowered to Rp940

Price target lowered to Rp1,687

Price target lowered to Rp1,686

New 90-day low: Rp870

Third quarter earnings released

New 90-day low: Rp1,025