Corporate Updates

Ace Hardware Indonesia (ACES IJ): Shows gradual recovery

Ace Hardware Indonesia (ACES IJ)
BUY / TP: IDR:1,620 (+16.1%)
Analyst: Mewaharti Lai

Shows gradual recovery
• Positive SSSG for two consecutive months
• Sales grew both MoM and YoY
• Attractive thematic promotions
• Re-iterate BUY

Corporate Updates

Ace Hardware Indonesia (ACES IJ): Shows gradual recovery

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