In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Alfamart Led Rollout
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.
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