Stock Recommendation:Expansion Outside Java Proves Profitable for Ace Hardware (ACES)

STOCK RECOMMENDATION - JAKARTA. The prospects for PT Ace Hardware Indonesia Tbk (ACES) remain promising as it continues to expand its store presence, particularly in regions outside of Java. Additionally, ACES's strategic innovations can help maintain its existence as a household needs retailer.

Bahana Securities analyst Christine Natasya believes that ACES's expansion to regions outside of Java has been smooth. The company's profit margins are improving thanks to the implementation of a more diverse product pricing strategy.