Ace Hardware Indonesia - Growth Recovery Outlook Intact on Positive Jan24
ACES Jan24 YTD foot traffic shows a positive growth yoy, which we expect to continue as we approach CNY and Ramadan festivities.
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Ace Hardware Indonesia (ACES IJ) - On track for further progress
Ace Hardware Indonesia(ACES IJ)On track for further progressACES’ strong SSSG improvement to 7% in 8M23 is a testament of its operational turnaround
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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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