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Mar 18, 2016 20:24:16
Hero Supermarket to budget more than IDR1trn of capex

Hero Supermarket ($HERO) budgets more than IDR1trn of capex in 2016 to open new stores and improve its market penetration. The plan is to open 1 more IKEA outlet this year and other supermarkets (like Giant Ekstra).Early this year, the company has opened 3 new stores in Palembang, Lombok and Manado.
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