Ace Hardware Indonesia (ACES IJ): Stellar turnaround in sales
Ace Hardware Indonesia (ACES IJ)
BUY / TP: IDR:1,050 (+28.8%)
Analyst: Laras Nadira
Stellar turnaround in sales
• Beats last year’s Boom Sales result
• Narrow price gap, integration reward membership were catalysts
• Rebranding to start in 2025
• Re-iterate BUY