Ace Hardware Indonesia (ACES IJ) - Cementing a Positive Performance
Ace Hardware's June SSSG confirmed very strong growth momentum and the positive impact of its BOOM sale, with headline SSSG at +10.7% YoY, after a...
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Ace Hardware Indonesia (ACES IJ) - Reasons to Be Helpful
ACES is starting to see the seeds of recovery come through in SSSG through April and May and should get a further boost from its BOOM sale from...
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Ace Hardware Indonesia (ACES IJ) - Boom Sale to Lift June-July Sales
ACES recorded 5M23 SSSG of 3.5% translating into sales of close to IDR3.0tn. Sales should get a timely lift in June and July thanks to the ongoing...
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Ace Hardware Indonesia (ACES IJ) - Expecting a Seasonal Decline in May
Post April’s strong sales of IDR692bn (+21.6% mom, +20.8% yoy) driven by the Lebaran season, we expect a 12.9% drop in sales on a mom basis to...
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Retail Sector: Potential Boost from Ied Festives and Promotions (OVERWEIGHT)
We noted more foot traffic to retail/shopping areas toward the end of Mar24, likely supported by the disbursement of the holiday allowance.
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