In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Rationalising the Lawson Buildout
Sumber Alfaria Trijaya (AMRT IJ) – Rationalising the Lawson Buildout
- Sumber Alfaria Trijaya has decided to pare back the velocity of the expansion of Lawson convenience stores as it consolidates its leading position and maximises efficiencies.
- 4Q2023 saw slower growth in November but December should be stronger, whilst its store expansion for 2023 reached 1,700 new stores, with plans for around 1,300 new stores in 2024.
- Sumber Alfaria Trijaya remains the best way to play the minimarket space in Indonesia. 4Q 2023 numbers should provide a positive catalyst given it is the seasonally high quarter.
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