The Week That Was in ASEAN@Smartkarma - Bank Rakyat Indonesia, BFIN, Prodia, and Shakey's Pizza
The past week saw insights on Bank Rakyat Indonesia, Prodia (PRDA IJ), BFI Finance Indonesia (BFIN IJ), Bumrungrad Hospital (BH TB), and Shakey's...
330 Views
Aspirasi Hidup Indonesia - Growth Momentum Intact Despite a Normalized Jul24 SSSG
ACES reported a normalized SSSG of 4.6% in Jul24 and 9.8% for 7M24, exceeding mgmt’s FY24 target of at least 7% and our FY24F of 7.6%.
309 Views
The Week That Was in ASEAN@Smartkarma - Astra Intl, ACES, and Multi Bintang
The past week saw insights on Astra International (ASII IJ), Aspirasi Hidup Indonesia (ACES IJ), Multi Bintang Indonesia (MLBI IJ) and DFI Retail...
343 Views
Aspirasi Hidup Indonesia - Steady SSSG, but Challenges Loom
ACES will terminate its agreement with ACES US, with an expected additional cost for rebranding in FY25. We lowered FY24-25F net profit by 3.2%...
265 Views
Ace Hardware (ACES IJ) - New Aspirations in Place
Ace Hardware Indonesia (ACES IJ) reported an impressive set of 1H2024 results with continuing momentum behind SSSG driven by promotional campaigns...
338 Views