Ramayana Lestari (RALS IJ)
Analyst: Chelene Indriani
HOLD-OPF / TP: IDR:1,550 (+12.3%)
June 2019: in-line sales achievement
• June YoY SSSG drops drastically following the end of Lebaran period
• Moderate 6M19 sales figures, although still in-line with our expectation
• Still expanding by planning to add several new stores in 2H19
• Reiterate HOLD call with unchanged TP of IDR1,550