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南洋行家论股

Author: Tan KW   |   Latest post: Thu, 26 Nov 2020, 11:00 PM

 

【行家论股/视频】永旺信贷 资产素质恐恶化

Author:   |    Publish date:



https://youtu.be/wf6DAczDDGQ

分析:MIDF投行研究

目标价:9.90令吉

最新进展:

营运费用降低,带动永旺信贷(AEONCR,5139,主板金融股)2021财年次季净赚5181万令吉或每股18.31仙,按年扬5.46%,并宣布派息每股9.2仙。

次季营业额报3亿6396万7000令吉,年跌10.01%,因为当季交易与融资额较低。

首半年营业额跌3.73%,至7亿5384万5000令吉,净利按年挫41.61%,至7808万9000令吉。

 

行家建议:

2021财年首半年,永旺信贷的盈利表现稍微低于预期,仅达到我们全年盈利预期的44.6%。

永旺信贷首半财年的盈利按年跌41.6%,因为减值亏损增15.5%所致;该公司同时也拨备1亿3400万令吉,以抵抗疫情冲击。

上半年营业额同样下滑了3.7%,不过,我们认为其营业额依然稳定。

不过,公司的资产素质有所恶化,没有履行合约的贷款比例,按季增加53个基点,至1.95%。

我们预计暂缓还贷措施结束后,此比例还会继续攀升;但总体而言,贷款的违约率还算稳定。

尽管需求降低,但次季应收账款总额按年增长6.9%。

我们维持永旺信贷盈利预测,和“中和”评级,并将目标价从9.45令吉,提高至9.90令吉。

 

 

https://www.enanyang.my/行家论股/【行家论股视频】永旺信贷-资产素质恐恶化

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Labels: AEONCR

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Chart Stock Name Last Change Volume 
AEONCR 10.80 -0.16 (1.46%) 557,700 

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