Midi Utama Indonesia - Strong 1H24 Earnings Bolster FY24 Guidance
MIDI set higher FY24 SSSG, revenue and net profit guidance following strong 1H24 earnings, while aiming to reduce losses at Lawson in 2H24.
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Midi Utama Indonesia - Tapping into Local Demand
The urban active lifestyles trend has driven consumers’ seeking daily necessities locally, benefiting MIDI as the biggest supermarket chain
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IDX30/LQ45/IDX80 Index Rebalance: Large Flows in Some Stocks with 4 Days to Implementation
There are 2 constituent changes each for the IDX30, LQ45 and IDX80 indices to be implemented at the close on 31 Oct. There are stocks with multiple...
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Retail: 3Q24 Preview: Solid Growth, Normalized Margins; Expect Strong Results from ACES and MIDI
We expect solid 3Q24 rev. growth (12.5% yoy) with normalized margins driving retailers to fetch 9M24 core profit growth of 3.9% yoy (in line).
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Retail: Jul-Sep24 Retail Channel Checks: Sports Brands Drive Promotions, Fashion Discount End
Our retail channel checks from July to early Sept24 indicate ongoing promotions for Sports Brands, while Fashion disc. ended in mid-Aug24.
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