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Corporate Updates

Ace Hardware Indonesia (ACES IJ): July 2019: Moderating performance

Ace Hardware Indonesia (ACES IJ)
Analyst: Chelene Indriani
HOLD-OPF / TP: IDR:1,835 (+5.8%)
July 2019: Moderating performance
• Slight pick-up in monthly consolidated SSSG, but tapering off YTD
• Moderating sales figure after Lebaran festive season
• Maintaining strong presence
• Maintain HOLD-OPF recommendation with target price of IDR1,835
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