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Corporate Updates

Ace Hardware Indonesia (ACES IJ): June 2019: Slow Growth

Ace Hardware Indonesia (ACES IJ)
Analyst: Chelene Indriani
HOLD-UPF / TP: IDR:1,835 (-0.5%)
June 2019: Slow Growth
• Slower SSSG after peaking in May 2019
• Sales figure remains resilient
• On-track store opening target
• Reiterate our HOLD call with unchanged target price of IDR1,835
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