Corporate Updates
Ace Hardware Indonesia (ACES IJ): Year shows growth at moderate pace
Ace Hardware Indonesia (ACES IJ)
HOLD / TP: IDR:1,580 (+5.7%)
Analyst: Anindya Saraswati
Year shows growth at moderate pace
• In-line sales achievement in 2019
• Expansion was as expected
• To see moderate growth in
• Earnings revision and re-iterate HOLD