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%...
85 Views
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.
176 Views
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.
396 Views
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
372 Views
Retail: 2Q24 Preview: ACES and MIDI Shine, MAPA/MAPI May Face Challenges (OVERWEIGHT)
ACES and MIDI reported solid 2Q24 SSSG, which leads us to expect robust core profit growth of +23% and +21% yoy, respectively.
364 Views