Highlights
KLSE: AEONCR (5139)       AEON CREDIT SERVICE (M) BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
13.40   0.00 (0.00%)  13.36 - 13.42  56,300
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Overview

Market Cap: 3,333 Million
NOSH: 249 Million
Avg Volume (4 weeks):133,390
4 Weeks Range:12.10 - 13.44
4 Weeks Price Volatility (%):
97.01%
52 Weeks Range:11.98 - 19.84
52 Weeks Price Volatility (%):
18.07%
Average Price Target: 14.52
Price Target Upside/Downside: +1.12

Financial Highlight

Latest Quarter | Ann. Date 30-Nov-2017 [#3]  |  21-Dec-2017
Next QR | Est. Ann. Date: 28-Feb-2018  |  25-Apr-2018
T4Q P/E | EY: 11.19  |  8.93%
T4Q DY | Payout %: 2.68%  |  29.98%
T4Q NAPS | P/NAPS: 5.6325  |  2.38
T4Q NP Margin | ROE: 24.47%  |  21.25%

Headlines

Date Subject
14-Apr-2018 上升股:永旺信贷阻力RM13.72
07-Mar-2018 PublicInvest Research Headlines - 7 Mar 2018
07-Mar-2018 Mplus Market Pulse - 07 Mar 2018
28-Dec-2017 永旺信贷贷款业务料增8%
22-Dec-2017 AEON Credit - Leveraging on Value Chain Transformation
22-Dec-2017 AEON Credit Service - Within Expectations
22-Dec-2017 Mplus Market Pulse - 22 Dec 2017
22-Dec-2017 AEON Credit Service Bhd - Key Segments Continued To Operate Positively
15-Dec-2017 永旺信贷 被追税财测或下砍30%
15-Dec-2017 AEON Credit (BUY, Maintain) - Undertaking a Different Approach
14-Dec-2017 AEON Credit Service (M) Berhad - Faced With IRB’s Additional Assessment
14-Dec-2017 Mplus Market Pulse - 14 Dec 2017
14-Dec-2017 PublicInvest Research Headlines - 14 Dec 2017
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

Business Background

Aeon Credit Service M Bhd primarily offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.
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  6 people like this.
 
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
1605909803020610 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
mf bj https://www.nst.com.my/business/2017/12/314138/aeon-credit-was-slapped-rm97m-additional-taxes-and-penalties
13/12/2017 22:49
shpg22 omg...another magnum. Downgrade immediately to 8.00
13/12/2017 23:54
mf bj Run
13/12/2017 23:56
jibbie expect huge correction in price today.
14/12/2017 05:41
1053628122 Please note that this company makes about 70M each quarter vs the IRB claims of 96M.
14/12/2017 07:49
Lownet2323 No matter how. I will hold it for the rest of my life. Better drop dramatically. I will observe for a month and top up after a month. It
14/12/2017 08:01
Lownet2323 It is a Good opportunity to go in after a month once the quarterly result out. You won't go wrong. It is compounded 28.9% for ten years. years.
14/12/2017 08:02
Lownet2323 Buy at your own risk.
14/12/2017 08:03
Jon Choivo oh sweet lord, please stay down or go lower, i want to go in.
14/12/2017 09:19
paperplane this is CRAZY!
14/12/2017 09:29
Avangelice where got lausai
14/12/2017 10:07
hellbender If price before announcement of news was RM13.20 x 247.4million shares = RM3.265bn value forCompany. We minus off RM96million = RM3.168.68/247.4mil shares = RM12.81 per share... Now at RM12.92 is not far off isnt it. Just a temporary setback.
14/12/2017 10:11
desmondcsh Bought some at opening for my grandchild. Looks like its making recovery now hmm
14/12/2017 11:11
mf bj 5139 AEONCR, AEON CREDIT SERVICE (M) BHD \ - \ + \
Additional Listing Announcement
14 Dec 2017, 12:15
Additional Listing Announcement
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Loan Stocks
Details of corporate proposal : Conversion of 3-year, 3.5%, Irredeemable
Convertible Unsecured Loan Stocks to Ordinary Shares
No. of shares issued under this corporate proposal : 62,901
Issue price per share ($$) : 10.9900
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 247,802,260
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 501,519,305.420
Listing Date : 15/12/2017
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
14/12/2017 12:20
Jon Choivo I really dont know what to say, instead of going down, it went up.

God ah, why all the shares i want behave so weird one.
14/12/2017 16:51
Lee_Brothers AEON cr fly .......
14/12/2017 17:15
cyeec2000 Result was out..
21/12/2017 17:56
Alex™ jeng jeng
21/12/2017 21:26
wilzai result out but how come no transaction at all, so weird
22/12/2017 09:49
Alex™ haha, all going holiday =)
22/12/2017 09:50
kpolee22 PUC (0007)HTF BREAKOUT, BUY NOW BEFORE FLY.. LOOK AT CHART URSELF!!
28/12/2017 23:47
bjaya Something interesting is brewing
02/01/2018 23:14
cyeec2000 Bjaya: really?
04/01/2018 17:48
EveryoneCanTrade manage to get 12.9. I am not sure tmr how far it fly, but for sure above 13.1, as there a news that, Today DJ second wave to recover the index composite. Ytd First wave is not strong enough, it is due to someone profit taking.
07/02/2018 19:13
Win188 any news about aeon credit to cause it drop today?
07/02/2018 19:26
bjaya Customary pull back b4 lurching
08/02/2018 11:27
Jon Choivo You guys should probably know that AEONCR will not be able to enjoy the 0.25% OPR rate increase as their loans are fixed rate. However, some of their borrowing is in RM, and will kena additional 0.25% cost though.
08/02/2018 15:33
hellbender i see... thanks for the information.
08/02/2018 15:52
Win188 http://quotes.morningstar.com/stock/analysis-report?t=XKLS:5139&region=mys&culture=en-US&productcode=MLE&cur=
08/02/2018 22:28
Activeinvestor Sold most and now switch to Petronm for its low pe high net cash biz
12/02/2018 14:48
Imposterranger Dragonpick Let Petronm stablise for the time being and you will see the hidden super powerful reward it will bring later on the back of its :

1. Healthy and debt free B/S;
2. Strong net cashflow;
3. Steady biz growth;
4. Higher dividend payout;
5. Attractive P/E < 10;
6. Opening more retailing petrol stations;
7. Prudent and quality management team;
8. On the radar of Public Invest and RHB Invest.
23/02/2018 13:38
23/02/2018 13:45
calvintaneng https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/150381.jsp
12/03/2018 10:42
victory015 why drop today
22/03/2018 19:57
victory015 aeoncr PE 10.82, DIVIDEND 4.2%, roe 16.8% . it is a good stock
23/03/2018 10:06
bjaya Becos it has been hibernating . Investor free up the cash to go other counters . I did that , sold 3 lots ladt week , went inti Heim . Make some !
23/03/2018 18:33
Alex™ today newspaper headline, alot ppl between 35-44 bankrupt, 1 culprit is personal loan. so today drop? haha
26/03/2018 14:44
mf bj Dow Jones 23,962.311 +429.11 1.82%
Nasdaq 7,125.10 +132.432 1.89%
26/03/2018 21:38
victory015 aeoncr is cheap on current price.
29/03/2018 22:03
Lim Tek Wai healthy and debt free B/S ??
30/03/2018 12:23
gongkia i guess the eps will drop a lot because of the iculs conversion.
30/03/2018 12:48
remus hi i buy AEONCR LA now, how can i convert it to mother share in future? thanks
05/04/2018 07:22
Yael Jasper good time to buy and keep for long term
05/04/2018 15:12
Lim Tek Wai why drop today
05/04/2018 15:30
jordanmaggie61 Fast!!!
05/04/2018 15:48
victory015 A fool will keep aeoncr for long term, it's earning prospect is not good
19/04/2018 10:14
hong2166 victory015, thanks for your comments, may i know what stocks you recommend ? maybe we can learn from you. Tq
20/04/2018 13:08


 

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