In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Renewing Strategies for 2025

Sumber Alfaria Trijaya (AMRT IJ) – Renewing Strategies for 2025
- Sumber Alfaria Trijaya is set to book a strong finish to the year, with revenues on track to meet guidance and 4Q benefiting from supplier rebates and seasonal festivities.
- The company is guiding for revenue growth in 2025 in line with that of 2024, with a plan to open at least 1,000 new Alfamart stores during the year.
- The guidance for Lawson and Alfamidi store expansion has yet to be announced but numbers are likely to be similar or higher than 2024. Valuations remain attractive versus growth expectations.
