Midi Utama Indonesia - Maintaining Momentum with Solid SSSG and Store Expansion and Repurposing
Post 9M24 result, we estimate ~Rp33bn sunk cost and have revised our FY24/25F NP by 14.5%/8.5%, resulting in flat FY24 NP but +30% yoy in FY25.
134 Views
Midi Utama Indonesia : Maintaining Momentum with Solid SSSG and Store Expansion and Repurposing
Post 9M24 result, we estimate ~Rp33bn sunk cost and have revised our FY24/25F NP by 14.5%/8.5%, resulting in flat FY24 NP but +30% yoy in FY25.
242 Views
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.
176 Views
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
203 Views
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).
378 Views