In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Alfamart Led Rollout
- Resorttrust (4681) – Strong Profit Expansion Through Membership Business for the Wealthy
- Meme Stock Mania: Petco Surges On Roaring Kitty’s Influence But Is It a Bubble Waiting to Burst?
Sumber Alfaria Trijaya (AMRT IJ) – Alfamart Led Rollout
- Sumber Alfaria Trijaya (AMRT IJ) booked a solid set of 1H2024 results despite a seasonally slower quarter with margins holding up well and market share improving versus competition.
- Outlet expansion for Alfamart is running ahead of guidance, with Alfamidi growing in line and a more measured expansion for Lawson, as it beds down last year’s aggressive rollout.
- Outside Java is seeing the strongest growth in sales and the focus on expansion of DCs and stores plus Alfamart is increasing the number of chillers. Valuations reflecting growth prospects.
Resorttrust (4681) – Strong Profit Expansion Through Membership Business for the Wealthy
- Committed to profitability improvement – Resorttrust is a timeshare resort hotel operator, offering exclusive, high-quality services to resort hotel membership owners in Japan.
- Successful unit price hikes on the back of outstanding customer loyalty in the hotel business and operational efficiency optimization in membership-based medical services, the profitability is set to improve throughout the current medium-term plan (FY3/23- FY3/28).
- With a healthy balance sheet, Resorttrust is poised to accelerate growth through facility development.
Meme Stock Mania: Petco Surges On Roaring Kitty’s Influence But Is It a Bubble Waiting to Burst?
- Petco Health + Wellness (WOOF) has captured the attention of retail investors once again, thanks to none other than meme stock influencer “Roaring Kitty,” a.k.a. Keith Gill.
- After the pet care company reported disappointing second-quarter earnings, its stock initially dipped but then surged almost 35% following an online post.
- Despite the exuberance in social media circles, Petco’s fundamentals paint a more mixed picture.
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