On June 11, 2013, Bahana Securities raised its target price for Ace Hardware (ACES) stock to Rp800 only to see the stock falling to as low as Rp570 in late August 2013. The stock has only recently recovered to Rp735 (Friday, Jan 17), gaining 22% year-to-date. Like others, the company reported weaker sales performance in third quarter of 2013.
To subscribe please click here
