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Corporate Updates

Ace Hardware Indonesia (ACES IJ): Sales bottom out, show signs of recovery

Ace Hardware Indonesia (ACES IJ)
HOLD-UPF / TP: IDR:1,500 (-5.1%)
Analyst: Mewaharti Lai

Sales bottom out, show signs of recovery
• SSSG keep improving
• Optimistic about achieving our full-year target
• Maintaining its gross margin
• Re-iterate HOLD-UPF
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