Aspirasi Hidup Indonesia (ACES IJ): Path to recovery

Aspirasi Hidup Indonesia (ACES IJ)
BUY / TP: IDR:600 (+37.0%)
Analyst: Patrick Agustinus Nugroho

Path to recovery
• Lifestyle retail evolution
• Expanding reach
• Macro momentum meets market opportunity
• We upgrade our rating on ACES to BUY and resume coverage with a TP of IDR600