Aspirasi Hidup Indonesia - Growth Momentum Intact Despite a Normalized Jul24 SSSG
ACES reported a normalized SSSG of 4.6% in Jul24 and 9.8% for 7M24, exceeding mgmt’s FY24 target of at least 7% and our FY24F of 7.6%.
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Aspirasi Hidup Indonesia - Steady SSSG, but Challenges Loom
ACES will terminate its agreement with ACES US, with an expected additional cost for rebranding in FY25. We lowered FY24-25F net profit by 3.2%...
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Ace Hardware Indonesia - Solid SSSG in May24, Expect the Positive Trend to Continue in Jun24
ACES booked a solid SSSG of 10.1% in May24 (May23: 1.1%), consistent with the findings from our weekly retail channel check in May.
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Ace Hardware Indonesia - Growth Recovery Outlook Intact on Positive Jan24
ACES Jan24 YTD foot traffic shows a positive growth yoy, which we expect to continue as we approach CNY and Ramadan festivities.
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Ace Hardware Indonesia (ACES IJ) - On track for further progress
Ace Hardware Indonesia(ACES IJ)On track for further progressACES’ strong SSSG improvement to 7% in 8M23 is a testament of its operational turnaround
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