Corporate Updates
Ace Hardware Indonesia (ACES IJ): Results are in line with our forecast
Ace Hardware Indonesia (ACES IJ)
HOLD-UPF / TP: IDR:1,910 (+5.8%)
Analyst: Mewaharti Lai
Results are in line with our forecast
• In line with our forecast
• SSSG showed some improvement
• Revised earnings following expansion amid pandemic
• Re-iterate HOLD-UPF with adjusted TP