Ramayana Lestari (RALS IJ)
Analyst: Vincent Yunnaraga
HOLD-UPF / TP: IDR:1,550 (-13.4%)
Apr-19: Strong monthly SSSG
• Apr-19 sales figures: Monthly SSSG reached double digit
• Monthly sales growth supported by department store growth
• Decisive months ahead
• Maintain HOLD-UPF call with unchanged TP