Highlights
KLSE: AEONCR (5139)       AEON CREDIT SERVICE (M) BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
13.10   +0.02 (0.15%)  13.06 - 13.12  84,300
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Overview

Market Cap: 3,238 Million
NOSH: 247 Million
Avg Volume (4 weeks):154,736
4 Weeks Range:12.80 - 13.38
4 Weeks Price Volatility (%):
51.72%
52 Weeks Range:11.98 - 19.84
52 Weeks Price Volatility (%):
14.25%
Average Price Target: 13.51
Price Target Upside/Downside: +0.41

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: 11.00  |  9.09%
T4Q DY | Payout %: 2.76%  |  30.34%
T4Q NAPS | P/NAPS: 3.9448  |  3.32
T4Q NP Margin | ROE: 24.84%  |  30.19%

Market Buzz

Date Type Subject
19-Oct-2017 Additional Listing Conversion of Loan Stocks - 15,375 shares at 10.990.
16-Oct-2017 Additional Listing Conversion of Loan Stocks - 22,036 shares at 10.990.
20-Oct-2017 Forum 1 New Comment

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.
 
jeckcw micro finance is better than commercial finance,because of it low level of default and higher interest,u can check Muhammad Yunusresearch on micro finance for noble reward
11/10/2017 16:55
Alex Foo i dunno la. 10.99 so confuse so i just apply 11. but, must take note also. mother got div, LA got interest, and div is more currently.

But i poorfag, no choice can only sapu LA
11/10/2017 16:56
Alex Foo btw, how do i receive interest from my LA? and when to receive it? terus bank in my account?
11/10/2017 16:57
hong2166 Hi alex , I think you can call and ask aeoncr registry company .
11/10/2017 17:05
pputeh LA just like any other share. they will pay you the interest yearly 3.5% either by cheque or electronically into yrbank ac.
11/10/2017 21:51
Guardize actually how to apply conversion if i buy la already? thanks
11/10/2017 22:22
Alex Foo u see, ppl realise liao lo, starting to parking 1099 LA lot queue buy....
12/10/2017 09:25
Kensington Guardize, request by email and download LA Conversion Form from Symphony. Avoid odd lots of mother share in your conversion by buying multiples of 1100 LA shares. Doubtful whether you can convert in time to rank for the interim dividend of 21.13 sen. Please check with Symphony.
12/10/2017 13:22
smartly ex on 17/10. i doubt it.
12/10/2017 13:52
Alex Foo LA can be treated like a bond as well. In worst case scenario when aeoncr mother share no longer pay div, those LA holder will still enjoy 3.5% interest.
12/10/2017 15:59
Alex Foo not a bad choice to park your money here, it acts just like fixed deposit.

Also, one must do homework to check aeoncr's fundamental to see whether the company is getting better 3 years from now =)
12/10/2017 15:59
Alex Foo btw, when will aeoncr expand in sarawak ah?
12/10/2017 16:00
Alex Foo im thinking of taking aeoncr loan to buy back its mother share, can ah? haha....monthly interest 1.5% only....capital appreciation is more than that =D
12/10/2017 16:02
hong2166 Alex, it will be very high risk if you do so. Yearly rate is 18%, and that is the not the nett figure, you may end up paying more than 18% if it is daily res. You will ended up gain nothing or lost a lot if market reverse.

However, housing loan may be the cheapest loan available. You can think of that if you can refinance your house
13/10/2017 00:18
hong2166 1,150,631 shares have been created as per today announcement. That worth around RM15 million, i believe is around 10% of total loan stocks. Seems like many people can't wait and convert asap. Good for long term but bad for short term.
13/10/2017 00:20
smartly those convert is to rush for the dividend...
13/10/2017 11:26
smartly maybe is a good move but i think it is too late now.
won't reach in time for the dividend
13/10/2017 11:27
smartly keep for long term :)
13/10/2017 11:28
smartly you miss this dividend now, you can aim for the 3.5% coupon which needed to wait a bit longer...
the equivalent shares is as follow....

1000 shares of mother = RM21.13
10990 LA = 10990 x 3.5% = RM384.65

which one better ?
13/10/2017 11:38
smartly **1000 shares of mother = RM211.3
13/10/2017 11:39
kayedge mother share will get another dividend over the next 12 months while LA shares need to wait another ?11 months to get the interest income of 3.5%.
Difference probably in favour of mother share?
13/10/2017 14:16
kayedge will convert as LA shares are not commanding any premium unlike many warrants.
13/10/2017 14:18
Hengyuan: SEXY BABE RM21! wow, so fast back to 13
13/10/2017 14:18
jeckcw 2 times dividend ,0.2111 ,1000 unit=RM 211. + another dividend at least RM 180 to encourage you to convert which interest RM384 annually
13/10/2017 15:28
Alex Foo haha ah hong, tq for nice analysis.

I guess i'll just take margin from my broker then. Coz right now i'm full time trading, no EA form lol..... and my house asset is co-name binding, so cannot cincai refinance. It's ok, i'll play safe with cash =)
15/10/2017 21:38
smartly sapu......la
16/10/2017 15:12
Alex Foo if you don't like aeoncr mother share price now, just go sapu 11 lot AEONCR-LA, then terus initiate conversion procedure, earn the arbitrage =)
16/10/2017 15:25
Alex Foo left 1 share LA, consider it as souvenier =)
16/10/2017 15:25
Alex Foo why everyone here 后知后觉? =)
16/10/2017 16:36
Alex Foo can i ask? i don't think those LA conversion is entitled for dividend, if i understand it correctly. Betui? Because the dividend is announced prior to LA stuff, and the entitled number of shares is already determined.
16/10/2017 16:40
Alex Foo need sifu to educate me on this
16/10/2017 16:40
smartly those convert on the 1st or 2nd day of dividend announcement will entitle. just in time for them to convert.
16/10/2017 16:57
smartly i should opt to convert...now regret. :(
16/10/2017 16:58
Alex Foo ic, that one need fast hand fast leg oh....but looks like not much entitlement also....it's ok la =)
16/10/2017 16:58
Alex Foo u see the bird eye view, aeoncr past 10 years result...roe amazing....cantik div.....if only i bought it back then....
16/10/2017 16:59
hong2166 Alex, u still entitle for dividend as long as u got ur mother share before the ex-date. However , u can always check with registry company
16/10/2017 17:23
hong2166 The only cons of aeoncr is it's bad debt , NPL stood at 2.5%, which is high
16/10/2017 17:24
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 Foo 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 Foo 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 Foo 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 Foo 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 Foo also, it gives >3.5% dividend. Hopefully it will continue~
19/10/2017 15:06
Alex Foo @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 Foo ic, nice input tiow =)
20/10/2017 12:07


 

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