Shares of PT Aspirasi Hidup Indonesia (ACES) Tbk, previously PT ACE Hardware Indonesia Tbk, operator of AZ.KO, ended substantially lower by 3.9% to Rp500 last Thursday (Mar 27) to make a market capitalisation of Rp8.6 trillion. The stock has lost 57% its value in the past six years, but clearly not because of the end of ACE Hardware license deal. To subscribe please click here