As Indonesia’s Ramadan festive gets underway investors may be focusing on companies, particularly retailers, which tend to benefit from the frenzied spending that accompanies breaking the fast during Ramadan and the ensuing Idul Fitri holiday.
That translates into the biggest spending period and the year’s most important holiday season.
"Retailers Mitra Adiperkasa, Ramayana Lestari Sentosa and Ace Hardware should see an increase in sales," said Ivan Chamdani, an analyst with Trimegah Securities.
(Source: Jakarta Globe )