Corporate Updates

Ace Hardware Indonesia (ACES IJ): Sales expected to wind down in Aug

Ace Hardware Indonesia (ACES IJ)
HOLD-OPF / TP: IDR:760 (+1.3%)
Analyst: Laras Nadira

Sales expected to wind down in Aug
• SSSG achieved 6.2% in 7M23
• July sales jumped +7.9% MoM from better foot traffic
• Expect higher traffic from new stores
• Decline in Aug sales expected
• Maintain HOLD-OPF with new TP

Corporate Updates

Ace Hardware Indonesia (ACES IJ): Sales expected to wind down in Aug

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