Indonesian retail company Ace Hardware Indonesia reported a 33 percent month-on-month (m/m) increase in sales to IDR 647 billion (approx. USD $48.3 million) in December 2017. On an annual basis, the company's sales rose 18 percent (y/y) in the last month of 2017.
26 February 2020 (closed)
USD/IDR (13,966) +73.00 +0.53%
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Approaching the end of the year, retail companies in Indonesia are now starting to prepare for the upcoming Christmas and New Year celebrations in late-December. Indonesia has two traditional peaks of rising consumer demand (hence rising inflationary pressures): (1) Ramadan/Idul Fitri festivities and (2) Christmas/New Year celebrations.
On 20 December 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economic matters such as updates on the performance of Indonesian stocks and the rupiah, Indonesia's interest rate environment, the trade balance, the country's energy mix, updates of the performance of listed companies, and more.
Indonesia’s decision to raise import tariffs for food, cars, clothes as well as various other consumer goods put additional downward pressure on Indonesian stocks on the last trading day of the week (24/07). Those listed companies (retailers) that rely on imported goods saw their shares tumble as a consequence of the higher import tariffs. The Indonesian Finance Ministry raised import duties for consumer goods between 10 and 150 percent (depending on product) in a bid to boost the country’s consumer goods industry and curtail imports.
Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) replaced seven stocks in its Pefindo25 Index for the period 1 February to 31 July 2014. The Pefindo25 Index, which is tracked by yahoo finance, represents stocks of small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that possess good fundamental performances and liquidity. The composition of the index, which contains 25 stocks, is reviewed and revised two times per year.
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Ace Hardware Indonesia, one of Indonesia's leading retail companies that is engaged in the markets of home improvement and lifestyle products, is expected to show modest (single-digit) growth in 2016. Same store sales growth is estimated to grow in the range of 8-10 percent year-on-year (y/y). This modest performance is caused by weak purchasing power in Indonesia amid sluggish economic growth and due to the fragile rupiah (against the US dollar).
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