KLSE: AEONCR (5139)       AEON CREDIT SERVICE (M) BHD Main : Finance
Last Price Today's Change   Day's Range   Trading Volume
19.12   +0.02 (0.10%)  19.12 - 19.20  2,000
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Market Cap: 2,753 Million
NOSH: 144 Million
Avg Volume (4 weeks):175,852
4 Weeks Range:18.90 - 19.52
4 Weeks Price Volatility (%):
52 Weeks Range:12.90 - 19.84
52 Weeks Price Volatility (%):
Average Price Target: 18.28
Price Target Upside/Downside: -0.84

Financial Highlight

Latest Quarter | Ann. Date 28-Feb-2017[#4]  |  25-Apr-2017
Next QR | Est. Ann. Date: 31-May-2017  |  30-Jun-2017
T4Q P/E | EY: 10.39  |  9.63%
T4Q DY | Payout %: 3.39%  |  35.25%
T4Q NAPS | P/NAPS: 6.63  |  2.88
T4Q NP Margin | ROE: 24.05%  |  27.76%

Market Buzz

Date Type Subject
22-Jun-2017 Blog PublicInvest Research Headlines - 22 Jun 2017
21-Jun-2017 Meeting Outcome Extraordinary General Meeting on 21-Jun-2017.
21-Jun-2017 Meeting Outcome Annual General Meeting on 21-Jun-2017.
27-Jun-2017 Forum 1 New Comment


Latest Headlines
22/06/2017  AEON Credit - Insurance Business To Be A Core Segment
22/06/2017  PublicInvest Research Headlines - 22 Jun 2017
26/04/2017  AEON Credit - Unexpectedly Strong
26/04/2017  AEON Credit - Unexpectedly Strong
26/04/2017  AEON Credit Service (M) - Within Expectations
24/03/2017  AEON Credit Service (M) - Proposing Bonus and ICULS
24/03/2017  Mplus Market Pulse - 24 Mar 2017
24/03/2017  PublicInvest Research Headlines - 24 Mar 2017
19/01/2017  AEON Credit - The Rally May Not Last Long

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.
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  6 people like this.
Ultramen thanks paperplane bro.
01/06/2017 19:51
paperplane2016 just hold on this company. It is growing!
Somemore new venture of payment system. have patience
02/06/2017 12:15
cyeec2000 Paperlane: their payment system is similar to samsung paid?
02/06/2017 12:23
paperplane2016 i think similar, but cater more for AEON customer. directly free apps to customer loh.
02/06/2017 12:50
paperplane2016 Posted by IamGoogle > May 31, 2017 02:51 PM | Report Abuse

Hi paperplane bro, what do you think on RCE Capital? Would it be another Aeoncr in making?

Different mkt. AEON has few million of customer base. RCECAP also have few million civil servant to target.
02/06/2017 12:51
cyeec2000 Thanks paperplane
02/06/2017 20:18
paperplane2016 You all should buy 资汇
02/06/2017 20:22
cyeec2000 I am reading the edge
03/06/2017 08:14
IamGoogle Thank you, paperplane bro
06/06/2017 10:22
paperplane2016 we are blessed. RM20 coming
08/06/2017 11:45
thenewbee nice chart, aeoncr is on bull mode april was at 15 , 2 months later almost at 20. a 30% gain in 2 months
08/06/2017 12:14
08/06/2017 14:08
thenewbee should be able to touch 20 within 2 weeks time
08/06/2017 16:25
Alex Foo who bodoh bodoh sell down aeoncr? u can't sell down a good company
09/06/2017 07:07
kino318 anyone know conversion price of proposed ICULS to mother share?
09/06/2017 14:13
pputeh Price will only be fixed after EGM and just before share goes Ex All. I think should be in the region of rm11.10
10/06/2017 14:16
kino318 Thank you @pputeh
12/06/2017 22:04
paperplane2016 The volume not much. Small player I guess?
15/06/2017 04:58
Alex Foo past week earning wiped out
16/06/2017 06:50
paperplane2016 great rebound
16/06/2017 17:21
paperplane2016 Egm coMing! Hope I get the subscribe of right cheap cheap
19/06/2017 02:45
jeckcw the conversion price is generally 15% discount (suggestion on illustration) of Theoretical Ex-Rights Price,jz simply put a price let say (RM19/1.5)x 0.85 ,the vwmap(volumn weighted moving average price) will be decide after egm (in the illustration of announcement is around RM16 with resultrd exercise price RM8.9), jz wait for announcement. the higher exercise price the higher leverage raatio of iculs will be result higher gain potantial (leverage ratio x % gain on mother share). the subscription value of iculs-la will be RM1 per unit.
20/06/2017 12:48
jeckcw jz something i cant understand why they nid so large of fund ,the volumn of ICULS is three time of no unit of share (after bonus), if fully convert at RM8.9(as per illustration conversion price,with vwap around RM16) will be around RM3.8 billion cash
20/06/2017 12:51
kksk123 jeckcw, from my understanding, you dont have to top up any cash for the conversion. There is only one time fund raising (RM432m) for Aeoncr.
Assumed that the share price is RM19. After bonus issue the share price will adjust to 19x2/3= RM12.66.
There is 15% discount for the conversion price so 12.66 x 85% = 10.8.This 10.8 we can consider it as an conversion ratio. You need 10.8 x 1,000shares of iculs to convert to 1,000shares of aeoncr.
Correct me if im wrong, thanks!
20/06/2017 14:24
jeckcw kksk123 yeah you are right ,jz read though the announcement
20/06/2017 15:20
cyeec2000 AGM and EGM will be on tomorrow
20/06/2017 15:29
tanbk1949 kksk123, I think it should work out this way. For example, you have existing share of 1000 AEOCR. You are entitled to 2000 shares of Iculs,
on the assumption that Bonus issue is declared.The subscription is RM1 per unit which is equivalent to RM2000,if you take it up. When the conversion price is RM10.8, you will get 2000 shares of Iculs/10.8 = 185 units of AEOCR shares after the conversion.
20/06/2017 18:59
kukubirds what time can start register & take door gift at agm?
21/06/2017 08:37
Alex Foo can i ask? what happened if i buy aeoncr share at 19 today?

after price adjustment (i know I'm not entitled to the proposals), what will i get? tq =)
21/06/2017 09:18
godhand @alex i think right now as is it is overvalue. but note that this stock is growing very steadily for the past 5 years from rev 467,126,000 - 1,101,955,000. approximately 27%/year. Equity increasing steadily from 429k - 1.06m. To answer your question. do u think they can keep this growth up, do u believe in their management. Looking at the price it is fairly price if u take account on the massive growth
21/06/2017 09:51
Tai KT bonus and iculs should be very soon.
21/06/2017 13:59
Lim Chew Hong anyone know who is Jeremy sifu who kept asking good question during AGM and EGM ?
21/06/2017 16:16
jeckcw anytIme can buy as long as pE less than 10 ,u will be having margin of safety on this business come with wide moat that growing at double digit
21/06/2017 17:10
hong2166 Hi all , I regret that I could not attend the Agm today . Can anyone share some interesting q n a during the meeting ? Are you happy with the answer of management ? Thank you very much for the sharing
21/06/2017 23:54
kksk123 tanbk1949, exactly.
22/06/2017 09:16
jkhoo99 would the ICULS be traded on Bursa?
22/06/2017 17:58
jkhoo99 isn't this ICULS similar to warrant that can be used to purchase the underlying common share, and that the conversion price is the price to pay for the conversion?
22/06/2017 18:08
Tai KT can trade in market.
22/06/2017 18:31
Tai KT http://tradingbursa.blogspot.my/2006/11/difference-between-iculs-with-warrants.html?m=1
22/06/2017 18:53
Tai KT iculs must worth to take compare to normal warrants. enjoy interest pay, fix ratio of convertion.
22/06/2017 18:56
paperplane2016 Insurance business as core segment in revenue? Interestingly, from the EGM, we noted that the management had indicated its plans to boost earnings via the insurance business. The management targets for the insurance business to be one of its core segments and will embark on a 3-year development timeline. There is vast potential given the six million customer base from the sister companies of AEON Co (M) Bhd, and AEON BiG (M) Sdn Bhd.
22/06/2017 22:02
paperplane2016 Omg! No wonder cash call! Need to maintain certain. Capital level if insurance biz
22/06/2017 22:03
patongphuket001 this looking good
22/06/2017 22:06
jkhoo99 Thanks for the link Tai KT. Looks like we should be talking about conversation ratio here... Since the ICULS is RM1 therefore the conversation ratio (yet to be announced) should be attractive enough for shareholders to take up.
23/06/2017 06:53
invest_101 I don't think the cash call is for insurance business or for insurance capital requirement as they are embarking in the business merely as agents, similar to Pos and MyEg (motor largely) Sounds like a capital light venture and may be promising as they reported to have database of 6m between them and Aeon. Good luck
23/06/2017 08:57
paperplane2016 Ya. I re@d back. It's only acting as agent.
23/06/2017 13:14
paperplane2016 Just cross sell, up sell, whatever sell.
23/06/2017 13:15
victory015 AEONCR dividend is 0.325 per share. the stock price drop less than 0.325 after ex-dividend date.
Is it good?
23/06/2017 14:00
Tai KT damn good lah. hopefully price do not move to high before the bonus and iculs right, this will set the better convertion.
23/06/2017 18:58
Truetalk To monitior
27/06/2017 15:18


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