Retail: 3Q24 Preview: Solid Growth, Normalized Margins; Expect Strong Results from ACES and MIDI
We expect solid 3Q24 rev. growth (12.5% yoy) with normalized margins driving retailers to fetch 9M24 core profit growth of 3.9% yoy (in line).
457 Views
Retail: Jul-Sep24 Retail Channel Checks: Sports Brands Drive Promotions, Fashion Discount End
Our retail channel checks from July to early Sept24 indicate ongoing promotions for Sports Brands, while Fashion disc. ended in mid-Aug24.
500 Views
Midi Utama Indonesia - Strong 1H24 Earnings Bolster FY24 Guidance
MIDI set higher FY24 SSSG, revenue and net profit guidance following strong 1H24 earnings, while aiming to reduce losses at Lawson in 2H24.
331 Views
Retail: 2Q24 Preview: ACES and MIDI Shine, MAPA/MAPI May Face Challenges (OVERWEIGHT)
ACES and MIDI reported solid 2Q24 SSSG, which leads us to expect robust core profit growth of +23% and +21% yoy, respectively.
485 Views
Midi Utama Indonesia - Tapping into Local Demand
The urban active lifestyles trend has driven consumers’ seeking daily necessities locally, benefiting MIDI as the biggest supermarket chain
298 Views