In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Talking Mini-Markets and Convenience
- Morning Views Asia: Agung Podomoro Land, Azure Power Global Ltd
Sumber Alfaria Trijaya (AMRT IJ) – Talking Mini-Markets and Convenience
- Sumber Alfaria Trijaya (AMRT IJ) booked some strong SSSG for June bringing its YTD number into line with its FY2023 projections after post Lebaran adjustment in May.
- The company will embark on a more aggressive store rollout for this year with plans for 2,100 new stores, including 200 Alfamidi stores and 500 Lawson convenience stores.
- Sumber Alfaria Trijaya Tbk Pt (AMRT IJ) continues to grow its membership program under AlfaGift with 16.3m members, which helps to gather valuable data and grow sales. Valuations are attractive.
Morning Views Asia: Agung Podomoro Land, Azure Power Global Ltd
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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