Ace Hardware Indonesia (ACES IJ)
Analyst: Chelene Indriani
HOLD-OPF / TP: IDR:1,835 (+4.3%)
August 2019: In-line result
• Consolidated SSSG picks up
• YTD sales is still on-track to achieve our full year target
• More thematic promotions
• Still maintain HOLD-OPF recommendation, with TP of IDR1,835