Corporate Updates

Ace Hardware Indonesia (ACES IJ): MoM sales growth finally surfaces

Ace Hardware Indonesia (ACES IJ)
BUY / TP: IDR:1,630 (+16.2%)
Analyst: Mewaharti Lai

MoM sales growth finally surfaces
• SSSG showing some improvement
• Sales were growing MoM
• FY2021 forecast has been trimmed
• Re-iterate BUY with downgraded TP

Corporate Updates

Ace Hardware Indonesia (ACES IJ): MoM sales growth finally surfaces

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