Corporate Updates

Ace Hardware Indonesia (ACES IJ): Makes strong comeback with Nov sales

Ace Hardware Indonesia (ACES IJ)
BUY / TP: IDR:850 (+18.9%)
Analyst: Laras Nadira

Makes strong comeback with Nov sales
• Sales were in line
• SSSG bounces back strong
• Greater store renovations in FY2024 bring positive outcome
• Upgrade to BUY with unchanged TP

Corporate Updates

Ace Hardware Indonesia (ACES IJ): Makes strong comeback with Nov sales

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