Sales of Ramayana Lestari Sentosa Tbk (RALS) rose by 22.5%, from IDR 4.3 trillion in September 2015 to IDR 5.2 trillion in the same period this year. This is supported by the improving consumer purchasing power and sale strategy changes the in clothing business as well as the supermarket business.
Samuel Sekuritas Indonesia said RALS sales in the third quarter exceeded expectations and represented 87.5% of the 2016 sales projection. Samuel is optimistic that its performance in 2017 will be better with a positive outlook from commodity sector, namely CPO and coal, that could raise revenues for people who live outside Java. Sales contribution has reached 42%.
Another factor that will drive RALS performance is the performance improvement of under labeled SPAR supermarket after merchandise mix strategy changes by increasing the portion of fresh and perishable goods with faster turnover.
Samuel Sekuritas recommended BUY for RALS with a target price of IDR 1.570. (*)
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