Ace Hardware Indonesia (ACES IJ): Single-digit SSSG in 2M23

Ace Hardware Indonesia (ACES IJ)
HOLD-OPF / TP: IDR:470 (+4.4%)
Analyst: Laras Nadira

Single-digit SSSG in 2M23
• SSSG remained in positive territory
• Sales rose YoY thanks to the low-base effect
• Store expansion update
• Re-iterate to HOLD-OPF