Corporate Updates
Erajaya Swasembada (ERAA IJ): Cell phone retailer eyes sales recovery as shops and malls re-open
Erajaya Swasembada (ERAA IJ)
BUY / TP: IDR:1,380 (+10.8%)
Analyst: Chandra Pasaribu
Cell phone retailer eyes sales recovery as shops and malls re-open
• Closed stores are ready to resume operations
• Online business gains strong traction despite limited portion
• Profitability recovery might be lagging
• Re-iterate BUY recommendation