Corporate Updates

Ace Hardware Indonesia (ACES IJ): Delivers another solid result in Oct

Ace Hardware Indonesia (ACES IJ)
HOLD-OPF / TP: IDR:850 (+2.4%)
Analyst: Laras Nadira

Delivers another solid result in Oct
• In 10M23, sales result were in line
• SSSG stood at 6.8%, slightly below our expectation
• Strategic moves to accelerate Nov/Dec sales
• Maintained HOLD-OPF, unchanged TP

Corporate Updates

Ace Hardware Indonesia (ACES IJ): Delivers another solid result in Oct

Related Article

Unilever Indonesia (UNVR IJ): Trapped in a storm

Bank Rakyat Indonesia (BBRI IJ): Results in 1Q24 hit by soaring credit cost

Mitratel (MTEL IJ): Improves operating leverage

Bank Central Asia (BBCA IJ): To be defensive choice for longer

Telkom Indonesia (TLKM IJ): Yet to see traction from FMC

Ace Hardware Indonesia (ACES IJ): Makes sales growth gain on low base