In today’s briefing:
- Erajaya Swasembada (ERAA IJ) – Set up for a Stronger 2025
Erajaya Swasembada (ERAA IJ) – Set up for a Stronger 2025
- Erajaya Swasembada booked a strong performance in 3Q2024 but 4Q2024 is likely to be the peak seasonal quarter for sales, even with no sales of iPhone 16.
- Chinese brands have accelerated the availability of affordable handsets, which should help to drive sales. JD Sports will be consolidated in December and Grand Lucky is performing well.
- Erajaya Swasembada (ERAA IJ) will continue to expand Erajaya Digitial in 2025, Erablue stores already be at 76 stores by November. Valuations remain attractive along with a strong growth profile.
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