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Trades about 27% below its sector, cheaper than its peers on earnings.
PT Multi Prima Sejahtera Tbk, identifiable by its symbol LPIN.JK, is an Indonesian enterprise engaged in the manufacturing, distribution, and sale of automotive spark plugs and various vehicle spare parts. The company's operations span both domestic and international markets. Notably, it supplies Champion-branded spark plugs specifically designed for both two-wheeled and four-wheeled vehicles. Beyond its core automotive components, the firm also acts as a distributor for a diverse range of products, including automotive lighting, edible oils, electric motors, and other miscellaneous goods. Furthermore, it participates in the trade of machinery, specialized equipment, and assorted paraphernalia. Founded in 1982, the company was initially known as Lippo Enterprises Tbk before officially adopting its current name, PT Multi Prima Sejahtera Tbk, in 2001. Its corporate headquarters are situated in Tangerang, Indonesia. PT Multi Prima Sejahtera Tbk functions as a subsidiary of PT Multipolar Tbk.
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