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ERAA – Growth Slips, but Expect Gradual Recovery in 2H

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Putu Chantika
Putu Chantika
Analyst - Consumer, Retail
Putu Chantika
Latest posts by Putu Chantika (see all)
  • SIDO – Satisfactory 4Q20 Result - February 15, 2021
  • UNVR – Limited Room to Grow - February 11, 2021
  • INDF – Solid Growth Outlook - January 18, 2021

ERAA posted below-expected performance throughout the second quarter, which mainly due to store closures and a sharp decline in demand. Going forward, we are expecting a better performance in 2H20 with the upcoming high season of phone sales along with the planned launchings of several smartphone products.

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