In today’s briefing:
- Ace Hardware Indonesia (ACES IJ) – Reinvigorated with Significant Upside
Ace Hardware Indonesia (ACES IJ) – Reinvigorated with Significant Upside
- A meeting with Ace Hardware Indonesia revealed a newfound enthusiasm and confidence in the outlook for growth with new store formats and an omnichannel approach as key future drivers.
- The company will accelerate its store buildout in 2024 with plans for 20 new stores versus 13 in 2023 with new format stores taking the lead, with an emphasis ex-Java.
- Ace Hardware Indonesia (ACES IJ) will also accelerate the buildout of smaller-sized Ace Express stores with a pilot started this year. Recent share price weakness looks unjustified.
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