Highlights
KLSE: AEONCR (5139)       AEON CREDIT SERVICE (M) BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
13.24   +0.08 (0.61%)  13.18 - 13.34  414,500
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 3,280 Million
NOSH: 248 Million
Avg Volume (4 weeks):170,568
4 Weeks Range:13.14 - 14.24
4 Weeks Price Volatility (%):
9.09%
52 Weeks Range:11.98 - 19.84
52 Weeks Price Volatility (%):
16.03%
Average Price Target: 16.25
Price Target Upside/Downside: +3.01

Financial Highlight

Latest Quarter | Ann. Date 31-Aug-2017[#2]  |  05-Oct-2017
Next QR | Est. Ann. Date: 30-Nov-2017  |  22-Dec-2017
T4Q P/E | EY: 11.15  |  8.97%
T4Q DY | Payout %: 2.72%  |  30.34%
T4Q NAPS | P/NAPS: 3.9355  |  3.36
T4Q NP Margin | ROE: 24.84%  |  30.19%

Headlines

Date Subject
06-Oct-2017 AEON Credit - Within Estimates
06-Oct-2017 AEON Credit Service (M) - Within Expectations
06-Oct-2017 AEON Credit (BUY, Upgrade) - Still Robust
06-Oct-2017 Mplus Market Pulse - 6 Oct 2017
04-Oct-2017 缺乏利多.永旺信贷存隐忧
02-Oct-2017 AEON Credit - Gathering Momentum
15-Sep-2017 AEON Credit Service - Still Decent
20-Aug-2017 永旺信贷太精算/万年船
20-Aug-2017 红股除权后.永旺信贷股价相应调整
05-Jul-2017 AEON Credit - Positive Trajectory Continues
05-Jul-2017 AEON Credit Service (M) - Within Expectations
05-Jul-2017 Mplus Market Pulse - 5 Jul 2017
05-Jul-2017 PublicInvest Research Headlines - 5 Jul 2017
22-Jun-2017 AEON Credit - Insurance Business To Be A Core Segment
22-Jun-2017 PublicInvest Research Headlines - 22 Jun 2017
26-Apr-2017 AEON Credit - Unexpectedly Strong
26-Apr-2017 AEON Credit - Unexpectedly Strong
26-Apr-2017 AEON Credit Service (M) - Within Expectations
24-Mar-2017 AEON Credit Service (M) - Proposing Bonus and ICULS
24-Mar-2017 Mplus Market Pulse - 24 Mar 2017

Business Background

AEON Credit Service (M) Berhad (AEON Credit) is engaged in the provision of easy payment schemes, personal financing schemes and issuance of credit cards under the brand names of Visa and MasterCard. The personal financing schemes and easy payment schemes are based on Islamic principles. AEON Credit has four regional offices, 30 branches and service centers located in shopping centers and towns and a network of more than 4,400 participating merchant outlets. During the fiscal year ended February 20, 2011 (fiscal 2011), the immediate and ultimate holding companies were AEON Credit Service Co., Ltd. and AEON Co., Ltd., respectively. As of February 20, 2011, the Company had more than 800,900 card members for the various products. During fiscal 2011, the Company launched two in one Aeon MasterCard credit card with JCard loyalty points function and expanded the Motorcycle Easy Payment (MEP) scheme to provide financing for higher cubic capacity motorcycles.
Analyze this stock with MQ Trader system

  6 people like this.
 
hong2166 I personally aim above 15 or maybe to 20 provided bull market really come next year . Whole world market is very bullish , except Malaysia . Wish Malaysia can go up kau kau
16/10/2017 17:25
Alex™ this is called market inefficiency ma. only when the market is inefficient can value investor jump in and wait =)

i guess npl for aeoncr industry should be viewed with discretion. It's not that npl is little to non-existent for the past quarters, in fact i believe they are prepared for that since they decide to go for micro financing niche.

Btw, how do you get the npl data? i want to trace it across the years.
17/10/2017 09:55
Alex™ anecdote experience tells me that people would generally want to honor their lender given the circumstance to do so. So we just hope that as investors we will be patient to see aeoncr generates long-term value to both the borrowers and the investors.

Japanese kaizen mode is on. Always improving.
17/10/2017 09:57
Alex™ btw, is there any competitor for aeoncr? apart from bankers. Does insurance company provides micro financing solution?
17/10/2017 09:58
stulai2008 aeoncr competitor is every where, u can very easily to find them at lamp pole, mail box, stair case, even in the lif,
17/10/2017 16:53
hong2166 aeoncr npl is stated in their quarterly report. Your can find it.
17/10/2017 23:33
smartly cabut liao....
TQ AEONCR-LA !
19/10/2017 09:58
Alex™ i just realized there's no real advantage to hold LA except for the fact that it gives 3.5% interest no matter how aeoncr will perform in the next 3 years.

As such, I have switched back to mother share. At least got door gift, and can call myself aeoncr shareholder, haha
19/10/2017 15:06
Alex™ also, it gives >3.5% dividend. Hopefully it will continue~
19/10/2017 15:06
Alex™ @stulai2008

haha....yalo...i saw one

'borrow 1000, return 980'
19/10/2017 15:07
tiow Its main competitors are as GEP : Counts & Singer; MEP / Personal financing : banks, Hap Seng & RCE(Civil Servants), cards business : banks.
19/10/2017 17:19
tiow should read as Courts.
19/10/2017 17:21
Alex™ ic, nice input tiow =)
20/10/2017 12:07
Ultramen i also cabut liao, bye LA.
hold mother is enough.
23/10/2017 00:10
27/10/2017 14:49
stulai2008 RM14 already, let see how high can climb.
31/10/2017 09:35
Alex™ if 14, mean RM21 last time haha
02/11/2017 17:02
guppycrow arbitrager of TIBOR/LIBOR rate rigging anchor by BNP Pariba SA arond the clock
02/11/2017 17:42
tiow If we go back to its 1st bonus issued 1:5 on Sep 12, mean it's worth RM25 now..
03/11/2017 10:53
tiow Consider Aeon Credit IPO on Dec 07, it's a 10 years journey, if one subscribed 1,000 units for its IPO at 2.50, then go sleep for the next 10 years, & wake up to sell the stock today...include bonus issues(twice), dividends received and ICUL subscribed, he/she would earn about 29,120 from this trade, a compounded annual return of 28.9%.
03/11/2017 11:03
Misbehavior hold n slow slow wait
03/11/2017 12:30
Alex™ wah, return better than buffett. haha
03/11/2017 12:31
tiow the business franchise is still unique, thou next ten years might not as good (in term of price/value proposition & business wise prospect) as the market is maturing, however think there're some legs / tailwind to go, please keep hold and buy more if good opportunity arise...
03/11/2017 14:09
PlsGiveBonus Japan is buying Bitcoin
Japanese never disappoint to change this world
:)
03/11/2017 17:04
Newmaster Right timing to switch counter to take advantage of surging trend !

https://bullseyebursa.blogspot.sg/2017/11/what-determines-the-earning-of-petronm.html
10/11/2017 10:02
Jia Jiun when will the QR be out?
10/11/2017 10:57
kksk123 @Jia Jiun, probably next month.
10/11/2017 16:14
LeeFoundation Ooi Teik Bee According to the chart I checked.

Bought Petdag on 1/1/2007 at 3.43.
Price on 30/12/2013 at 28.54.
You must make a lot of money.

Bought Petdag on 1/1/2014 at 28.54.
Price on 10/11/2017 at 21.60.
You must lose a lot of money.

If you believe very strongly on Petdag, Petdag is on strong down trending now, please buy more at 21.60 now.

I need to correct my earlier statement, the price of Hengyuan will overtake the price of Petdag in 2019, definitely not 5 years.

Thank you.
Ooi
12/11/2017 15:58

Pls note Petronm will fly together with HY too
12/11/2017 22:10
itfhentong Hi, can any of the experts here teach/ share how to convert ICULS into mother share?
17/11/2017 23:15
Alex™ hi, buy 11 lot of ICULS, call ur remisier to initiate conversion to 1 AEONCR mother share.

Conversion is 10.99 ICULS -> 1 mother share
19/11/2017 14:42
Alex™ like this, you'll left with 1 ICULS as sagu hati...haha
19/11/2017 14:43
itfhentong Thank you Alex Foo for your sharing! So it means we can convert it before the maturity date?
20/11/2017 09:13
Alex™ yes
20/11/2017 10:24
Navara_1981 Anyone got any idea what they plan to use the excess cash for?
20/11/2017 14:27
itfhentong Thanks again Alex
20/11/2017 18:29
tiow Aeon Credit is a finance co, so excess cash should rephrase as equity/capital, this new equity would be used to buffer its CAR, as current their CAR is at 19.5% vs minimum of 16% stipulated by BNM, if they don't raise capital, their future growth would be quite limited....every 1 dollar increase in capital, would enable 5 or 5.5 dollar increase in their financing receivables [based on CAR's 19.5% as assumption].
22/11/2017 11:36
Alex™ now that tiow is contributing something. alex tin kosong better keep quiet =)
22/11/2017 18:07
tiow Thx Alex, u re too humble, I just happen to know this sole business well, as been holding it for a very long time, while you have a greater knowledge and experience in a lot more companies..
23/11/2017 12:21
Alex™ good la, i3 will be a better place when we share =) i only less than a year into stock trading, much to learn.
24/11/2017 11:18
Alex™ i suppose the interest rate hike will benefit aeoncr?
24/11/2017 11:19
tiow why said so ?
24/11/2017 15:35
Navara_1981 Thx for sharing guys, aeoncr credit card offers 6x entry to klia premium lounge, this shud boost its sales. Let's hang on to it and let the team work their magic
27/11/2017 10:52
Jia Jiun If warrant expires and the exercise value is lower than stock price, how much money will I get if I don't sell the warrant?

Get back money = (Last 5 day Average price of mother share - exercise value)*(number of warrant dividend by conversion ratio)?
04/12/2017 12:59
nithavjayalaxmi Is still safe buy aeon shares?..
07/12/2017 10:34
Jon Choivo Not safe, please sell.
12/12/2017 10:33
3iii Taxman slaps RM96.82m demand on Aeon Credit
Emir Zainul
/
theedgemarkets.com

December 13, 2017 21:13 pm +08

-A+A
KUALA LUMPUR (Dec 13): The Inland Revenue Board (IRB) has slapped Aeon Credit Service (M) Bhd with notices of additional taxes and penalties amounting to RM96.82 million.

In a filing with Bursa Malaysia, the non-bank lender said it was served with notices of additional assessment for the years of assessment 2010 to 2016 with penalties by the IRB yesterday.

"The company has appointed tax solicitors and is initiating proceedings to challenge the validity and legality of the said notices of additional assessment," the filing said.

Aeon Credit said these taxes and penalties were in relation to the IRB varying the loan transaction collaterised by receivables undertaken by the company with a local financial institution to that of a sale of receivables, which the IRB did not specify which provision of the Income Tax Act 1967 in making this variation.

"The IRB also raised time barred assessments for the years of assessment 2010 and 2011, but it did not provide any reason for raising the time barred assessments.

The penalties, meanwhile, are for alleged submission of incorrect returns.

Upon consulting its tax solicitors, Aeon Credit said the company is of the view that there are reasonable grounds to challenge the validity of the said notices of additional assessment raised by the DGIR and the penalties imposed.

"This is especially so, when at all material times, the company had sought professional advice from an independent and reputable audit and tax firm on its accounting and tax treatment and further, the assessments for the years of assessment 2010 and 2011 are time barred," Aeon Credit added.

The company added that it will make further announcement, if there is any material update on the matter.

Aeon Credit shares closed up 8 sen or 0.61% at RM13.24 today, bringing it to a market capitalisation of RM3.28 billion.
13/12/2017 22:09
Tai KT http://www.chinapress.com.my/?p=1126844
13/12/2017 22:17
Avangelice woah gonna be putting AEON in my watch list. tomorrow sure lausai
13/12/2017 22:24
cheated 3iii why IRB never target Hengyuan?
13/12/2017 22:49
Mohd Fahmi Bin Jaes https://www.nst.com.my/business/2017/12/314138/aeon-credit-was-slapped-rm97m-additional-taxes-and-penalties
13/12/2017 22:49


 

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