After closing 105 Lawson store-in-store (SIS) locations in 9M24,

Retail MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

While Mitra Adiperkasa’s (MAPI) 3Q24 y-y sales growth remained strong at +17%,

Retail MAPI MAPI JK MAPI IJ Jody Wijaya Sandy Ham Samuel Christian

In our recent report, “Finding a second wind”, we highlighted ACES' ability to overcome significant challenges

Consumer Related ACES ACES JK ACES IJ Jody Wijaya Sandy Ham Samuel Christian

Concerns have arisen about AMRT's profitability margins following market speculation of potential changes to t

Consumer Related AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian

Overall, the results were in line with our expectations, as we believe that 2Q24 marked the lowest margin poin

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We believe the overall 3Q24 results were in line with our estimates. Historically,

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Aspirasi Hidup Indonesia (ACES IJ, Neutral) — We estimate a robust 11%/13% y-y increase in both sales/net prof

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Over its nearly 30-year history, ACES has faced numerous challenges, including intense competition and the dis

Consumer Related ACES JK ACES IJ Jody Wijaya Sandy Ham Samuel Christian

AMRT has consistently outperformed its FMCG peers in terms of sales growth over the past decade

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JA~DI, an Indonesian acronym for "Jajan di Alfamidi" (meaning “Snacking at Alfamidi”), is a pilot

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2Q24 result miss due to lower GPM; but it should be bottom GPM for the year

Retail MAPA JK MAPA IJ Jody Wijaya Sandy Ham Samuel Christian

2Q24 review: ERAA upbeat and ACES downbeat were the only surprises Overall results were largely in line

Retail Jody Wijaya Sandy Ham Samuel Christian