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