AEON (6599) - Technical Indicators

yes, Aeon business is booming and good than last year. I believe coming QR Q124 will be outperformed. U can refer to Aeon Credit business and current share pirce.
For you information, Aeon holding Aeon Credit RM 51m shares in QR Q423. Now with Aeon Creditshare price RM6.95 friday closed pirce then then Aeon investment has become RM 64M now....wow Aeon diam diam earn 13m without do anything...therefore Jan to Mar is Chinese New Year and i believe coming QR will be super nice. Some how the Aeon share price has been sideway and at low price for long time. It is a good opportunity to go bk to its fair price.
13/04/2024 8:12 PM

1 month ago

Refer to QR Q4/23

Prospects for the Financial Year Ending 31 December 2024 (FY2024)

Global rising tensions and calamities continue to disrupt global supply chain and economic growth. Local
economy continues to be weighed down by elevated cost pressures and weakened currency. The upcoming
subsidy rationalisation, increase in the Sales and Service Tax and introduction of High-Value Goods Tax could
exert further pressure on spending as consumers refrain from high-value purchases.
As AEON enters its 40th anniversary year in Malaysia, the Company will offer line-ups of Anniversary
activities and promotions to celebrate aiming to create smiles and connect hearts with all customers, tenant
partners and supplies. In the coming months, exciting promotion offers and mall events will be implemented
to maximise Chinese New Year and Ramadhan catchments, followed by opening of GMS store in Setia City
Mall to expand AEON’s presence within communities.
Amidst challenges ahead, the Company remains committed to accelerate digital shift, establish private brand
that capture diverse customer values, create AEON Living Zone in local community and implement
sustainability initiatives, while effectively managing operating costs.

1 month ago

Aeon Credit
Closed at RM 6.95

Top Shareholdings
12-Apr-2024

Shareholder % Value (M)
Aeon Financial Service Co Ltd 61.5% 2182.53

Db (Malaysia) Nominee (Tempatan) Sdn Bhd 61.5% 2182.5

Employees Provident Fund Board 3.88% 137.69

KWAP 2.61% 92.62

Hong Leong Value Fund 2.08% 73.81

AEON Co. (M) Bhd. 1.82% 64.59😍😍😍

1 month ago

2024-04-12

Price Target for Aeon Credit from Investment Bank

AEON Credit Service- Oozing Positivity; Reiterate BUY
Source : RHB-OSK, Price Call : BUY, Price Target : 7.90😍😍😍😍
Last Price : 6.95, Upside/Downside : +0.95(13.67%)

2024-04-12

Price Target

AEON Credit Service (M) - Near-Term Pains for Long-Term Gains
Source : KENANGA, Price Call : BUY, Price Target : 8.55😍😍😍😍
Last Price : 6.95, Upside/Downside : +1.60(23.02%)

Aeon Co. (M) 6599 huat huat soon, am i correct ????

1 month ago

StartOfTheBull

Will the supermarket claim back the eleven pieces of mat?
https://www.sinchew.com.my/?p=5531620

1 month ago

EngineeringProfit

Better ask got boycott and limit down on Monday or not

Posted by StartOfTheBull > 16 minutes ago | Report Abuse

Will the supermarket claim back the eleven pieces of mat?
https://www.sinchew.com.my/?p=5531620

1 month ago

pang72

The boycott spreading from USA to Japan...
Japanese dompeilee is faking car safety results and IS.....

1 month ago

pang72

I am afraid need to trigger circult breaker Monday morning for japanese company

1 month ago

StartOfTheBull

Hopefully it won't happen or else share market would have bloodbath next week. Dow dropped 475 points yesterday is the first sign?
https://www.timesofisrael.com/report-warns-iran-could-launch-major-drone-and-missile-attack-as-soon-as-friday/

1 month ago

Mana Akmal? Waiting for him to scream Boycott japanese. LOL!

1 month ago

let see if Akmal berani go after Japan! or he chicken out

1 month ago

EngineeringProfit

60 sen coming.......

1 month ago

im waiting for limit down....sapu sapu

1 month ago

Boycott ???? Bumi fund oh 🤣🤣🤣🤣🤣🤣🤣

Shareholder % Value (M)

Aeon Co Ltd 51.0% 809.13
Employees Provident Fund Board 9.09% 144.17
Amanah Saham Bumiputera 4.9% 77.74😍
Tabung Haji 4.37% 69.33😍
KWAP 1.83% 29.03😍
Public Mutual Fund 1.36% 21.58
Prulink Equity Fund 0.94% 14.91
Citibank New York 0.82% 13.01
Public Islamic Opportunities Fund 0.76% 12.06
Manulife Investment Shariah Progress Fund 0.73% 11.58
Kenanga Syariah Growth Fund 0.72% 11.42
Nomura Securities Co Ltd 0.68% 10.79
Amanahraya Trustees Berhad Public Strategic Smallcap Fund 0.67% 10.63

1 month ago

Akmal force Japan tutup kedai balik jepun

1 month ago

curiousq

Drops 2 sen only, investors dun believe boycott would hit hard?

1 month ago

The_JQuestion

hhaha boycott no money use mouth only... xpe power holdings

1 month ago

900 counters red = everyone panic sell and panic buy Tenaga + Cimb cos Khazanah goreng

1 month ago

EngineeringProfit

"Floor mat...floor mat.....60 sen coming......."

From the boy who cried "wolves"

1 month ago

ahbah

Investors in China are paying attention to gold and want to own the companies that own gold in the ground that can be monetized too.

1 month ago

wow...Aeon Credit price keep uptrend!...Aeon will benefit from them !

3 weeks ago

prosimon

Thank you for sharing the information. It seems like AEON Co. (M) Bhd is showing a slight increase today. Your update is appreciated."

L.S, https://www.kitchenrenovationsparramatta.com/

3 weeks ago

Aeon Credit share price breaks higher....Aeon also breaks 200 MA....it means super bull on track now...congratulation to all Aeon shareholders. Good Luck!!!

3 weeks ago

https://www.thestar.com.my/business/business-news/2024/04/22/aeon-bank-to-start-islamic-digital-operations-soon

wow...EPF bought Aeon last week....nice

2 weeks ago

ismadi

1 week ago

The recently announced 13% pay rise for civil servants from Jan 2025 will be positive for AEON.

Hopefully the share price will soon go back to RM1.50 level when I first bought in some two years ago.

1 week ago

1.35 more easy....1.50...next year ok

6 days ago

super QR... congratulation ! huat ah

3 days ago

AEON reported superb set of quarterly result for Q1 with net profit of RM57 million.

If this momentum continues into Q2, I think the share price can break RM1.50 within this year.

3 days ago

yielder

is this share for aeon shopping center? why performance is so poor?

2 days ago

troy88

Fantastic QR. Well done Aeon.

2 days ago

Good closing for AEON after reporting a good set of results yesterday.

The massive insiders selling has been well adsorbed with total volume exceeding 40 million.

2 days ago

DoubtfulBsk

Beli aeon continue push up

2 days ago

vinvin

Dear friends, any dividend declared by the company? Thanks!

2 days ago

AEON-C28 selling much much below premium. SAPU before too late

1 day ago

@mmk79, ya the issuing bank CIMB seems to be purposely setting the computer orders for C28 at a big discount to the fair price of RM0.240 at mother price of RM1.39.

I have filed an official complaint with Bursa, and expect Bursa to initiate actions against CIMB within 2 trading days.

1 day ago

Major road blocks at RM1.39-1.40 but I expect these to be taken out soon after short term traders and insiders exit positions.

The big buying yesterday and this morning indicate big funds buying on AEON after the surprisingly strong Q1 profits which are re-rating the stock.

1 day ago

@dragon328, glad to hear that you have filed a complain to protect the investors' rights. Bravo

1 day ago

As of the time of writing of the mother share @RM1.40, AEON-C28 should be trading at RM0.25 instead of RM0.20. A huge huge discount of 25%.

1 day ago

ya it is totally unfair to retail investors like us to suffer such a discount to fair value of the call warrant. Normally call warrants should be trading at most at 1% or fair value, often at 1%-5% premium given that it still has over 3 months before expiry

1 day ago

Big funds have sapu the roadblocks at 1.39-1.40.

As the previous CFO Grace Lee has resigned, she was the one blocking my proposal then. Now the MD has been taken over by the founder's son, I hope the new top management will consider more options to enhance shareholders' value and capital structure of the company.

1 day ago

Based on Q1 result, AEON registered operating cashflows (before working capital changes and capex) of RM133.3 million, annualised to RM533 million or 38 sen per share.

Setting aside say RM100-120 million for capex to renovate 3 shopping malls in FY2024, AEON will have free cashflows of RM420 million or 30 sen per share, which could well support a dividend payout of 12-15 sen.

At 7% free cashflow yield, AEON should be worth RM4.28 per share.
At 5% dividend yield, AEON should be worth RM2.40-3.00 per share.

1 day ago

RM1.50 coming

1 day ago

Wait for it to LIMIT UP today.

1 day ago

Good closing at RM1.40 today. With the strong close today, technical chart reading all turns positive.

The total trading volume of these 2 days is over 70 million, indicating that some funds have accumulated around 5% stakes in AEON just in 2 days.

1 day ago

Goldberg

We (TA Securities) came away from Aeon Co. (M) Berhad (Aeon)’s analyst briefing yesterday with the following key takeaways:

1. Retail Margin Improvement Expected Throughout FY24

2. Ongoing Refurbishment of 4 Malls/Stores.

3. Additional 11 Malls Equipped with Solar Photovoltaic (PV) is in the Pipeline

We have revised our FY24-26 earnings forecast upwards by 2.0% to 10.5%. Maintain Buy with a revised target price of RM1.68/share, based on DDM valuation (k: 7.1%; g: 3.0%) and rolled forward our base year to FY25.

22 hours ago

edithcapital

https://www.tradingview.com/x/hy15Ztx8/
Weekly timeframe with 1.4 closing is a confirmation on the reversal on the downtrend. With some momentum it could push towards 1.52-1.57 at least

12 hours ago