{
    "success": true,
    "data": {
        "id": 1786112,
        "msgid": "post-transformation-azkos-expansion-strategy-deemed-appropriate-1780638678",
        "date": "2026-06-05 11:34:52",
        "title": "Post-Transformation, AZKO's Expansion Strategy Deemed Appropriate",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "Analysts have given a positive assessment of PT Aspirasi Hidup Indonesia Tbk's (ACES) expansion strategy for its AZKO retail chain, citing solid performance and attractive valuation. The company posted a 10.1% increase in net sales to Rp2.35 trillion in Q1 2026, buoyed by improved consumer confidence and Ramadan spending. ACES plans to add up to 80 new stores this year as part of its measured network expansion across Indonesia.",
        "content": "<p>Indonesian consumer confidence remained in the optimistic zone in\nApril 2026. This was reflected in Bank Indonesia\u2019s Consumer Survey,\nwhich put the Consumer Confidence Index at 123.0, a slight increase from\n122.9 in March 2026. Consumer confidence in April was mainly supported\nby an improved public perception of current economic conditions,\naccompanied by increased purchasing power as government programmes\nrolled out to boost household consumption. Research Analyst from\nInfovesta Kapital Advisori, Arjun Ajwani, assessed that the retail\nindustry\u2019s prospects this year are brighter than last year. He expects\nthe retail industry to improve in line with rising consumer purchasing\npower, driven by government programmes. \u2018Similarly, the issuer PT\nAspirasi Hidup Indonesia Tbk (ACES), which houses AZKO, also has good\nprospects and is worth collecting,\u2019 Arjun stated. He estimated a target\nprice for ACES in the range of Rp 400-425, noting its valuation remains\nvery attractive. \u2018ACES has formed a double-bottom pattern, signalling\nstrong reversal potential,\u2019 he detailed. Meanwhile, Senior Analyst at\nMirae Asset Sekuritas, Nafan Aji Gusta, considers ACES\u2019s strategy solid\namidst macroeconomic challenges. He believes the aggressive multi-format\nexpansion strategy is very appropriate. \u2018On the other hand, a selective\npricing strategy is quite good, coupled with supply chain optimisation\nand stock keeping unit management, making it a sound strategy in the\ncurrent macro situation,\u2019 Nafan stressed. He also confirmed that Azko\u2019s\nplan to continue adding outlets is a good move to develop profitability.\nDuring the first quarter of 2026, ACES recorded net sales growth of\n10.1% to Rp2.35 trillion, and profit for the year grew by 18.3% to\nRp163.59 billion compared to the same period the previous year. This\nperformance was strengthened by improved Ramadan and Idulfitri momentum,\nreflected in higher transaction quality. The company booked Same Store\nSales Growth of 4.3%. Director of PT Aspirasi Hidup Indonesia Tbk,\nGregory S. Widjaja, said the first-quarter performance reflects\nconsistency in executing strategic initiatives in product strengthening,\noperational management, and store network expansion. \u2018We see\nimprovements in customer shopping interest and activity, which are\nimportant indicators for maintaining growth. Going forward, we will\ncontinue the measured development of the AZKO and NEKA store networks,\ncoupled with efforts to increase store productivity and operational\nefficiency. Our focus is ensuring every initiative delivers long-term\nvalue for both customers and the company\u2019s performance,\u2019 Gregory stated.\nIn terms of expansion, ACES added four new stores during Q1 2026,\ncomprising two AZKO stores and two NEKA stores. By the end of March\n2026, the store network reached 267 AZKO stores and 12 NEKA stores\nacross Indonesia. These additions are part of a targeted effort to\nbroaden reach and strengthen presence in potential cities. The company\nis targeting a total of 65 to 80 new stores in 2026, consisting of 25-30\nAZKO stores and 40-50 NEKA stores, to extend services across Indonesia.\nThis is also part of realising its \u2018Your Home Life Improvement Partner\u2019\nslogan, inspiring better living through an A-Z range of products,\ncomprehensive services, and collaborative ideas. Most recently, Azko\nintroduced a New Replacement Warranty Service, guaranteeing products are\nfree from manufacturing defects, along with after-sales service to\nensure customer satisfaction even if a purchased product experiences\nissues.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/post-transformation-azkos-expansion-strategy-deemed-appropriate-1780638678",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}