In today’s briefing:
- Sumber Alfaria Trijaya (AMRT IJ) – Good Reason for Optimism
Sumber Alfaria Trijaya (AMRT IJ) – Good Reason for Optimism
- Sumber Alfaria Trijaya booked a slower-than-expected finish to FY2024, with some compression to margins, but mainly due to the temporary impact of investment in the business and higher promotions.
- The company has seen a strong start to FY2025, with SSSG growing at a faster pace than FY2024, with a strong performance over the run-up to Ramadan.
- Alfamart will continues to expand its store network in 2025, with Lawson under AMRT to bring future synergy benefits. Valuations look attractive with a more positive outlook for earnings.
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