Aspirasi Hidup Indonesia (ACES.IJ) Lowering Estimates and TP on Conservative FY25 Outlook..
We believe 34% share price decline YTD has priced in the weak outlook, and thus, maintain Buy rating but with a lower TP of Rp600
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Aspirasi Hidup Indonesia (ACES.IJ) - Solid Jan25 Sales Driven by New Stores, but Soft SSSG at 3.4%
We expect better sales and SSSG in the coming months leading up to the Eid Festive, Reiterate our Buy rating with TP of Rp1,100.
330 Views
Aspirasi Hidup Indonesia (ACES IJ) - Rebranded as AZKO
ACES IJ has forged ahead with its rebranding after ending its brand licensing agreement with ACES US, changing its store branding to AZKO from 1st...
400 Views
Aspirasi Hidup Indonesia (ACES IJ) - Rising Inventories for Good Reason
Aspirasi Hidup Indonesia booked a solid set of 3Q2024 results with an upgrade to SSSG projects for FY2024 with the numbers and guidance for 20 new...
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Aspirasi Hidup Indonesia - Expansion Plans to Drive Store to Double in 5-7 Years
Following ACES’ strong 9M24 results, we expect the potential tax benefit from a lower rate to offset the Rp30bn investment loss in ODI.
263 Views