Highlights
KLSE: AEON (6599)       AEON CO (M) BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.19   +0.01 (0.85%)  1.17 - 1.22  2,478,400
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Overview

Market Cap: 1,671 Million
NOSH: 1,404 Million
Avg Volume (4 weeks):2,723,790
4 Weeks Range:1.17 - 1.39
4 Weeks Price Volatility (%):
9.09%
52 Weeks Range:0.67 - 1.39
52 Weeks Price Volatility (%):
72.22%
Average Price Target: 1.13
Price Target Upside/Downside: -0.06

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#4]  |  24-Feb-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  20-May-2021
T4Q P/E | EY: 40.33  |  2.48%
T4Q DY | Payout %: 1.26%  |  50.84%
T4Q NAPS | P/NAPS: 1.19  |  1.00
T4Q NP Margin | ROE: 1.02%  |  2.48%

Headlines

Date Subject
06-May-2021 PublicInvest Research Headlines - 6 May 2021
14-Apr-2021 Trading Stocks - AEON Co
03-Mar-2021 MY OLD GEMS GOING TO SKYROCKET AGAIN!!!
26-Feb-2021 【行家论股/视频】永旺 销售疲弱财测砍16.5%
25-Feb-2021 Mplus Market Pulse - 25 Feb 2021
25-Feb-2021 Aeon Co. (M) - Towards a Better Year
25-Feb-2021 AEON Co. (M) - Temporary Blip
25-Feb-2021 Aeon Co. (M) - Optimistic on Aeon
29-Jan-2021 Economics & Strategy - In Between a Rock and a Hard Place
29-Jan-2021 PublicInvest Research Headlines - 29 Jan 2021
22-Jan-2021 Aeon Co. (M) - Bracing through the storm
12-Jan-2021 Trading Stocks - AEON Co. (M)
18-Dec-2020 Consumer - Year of modest recovery
18-Dec-2020 Stocks on Radar - AEON Co. (M) (6599)
10-Dec-2020 THIS STOCK GOING TO KABOOM!!!
08-Dec-2020 Aeon Co. (M) Berhad - New Growth Strategies
04-Dec-2020 FBMKLCI - December 2020 Review
26-Nov-2020 Aeon Co. (M) - Better Operational Efficiency
26-Nov-2020 AEON Co. (M) Bhd - Sharp QoQ Rebound; Reiterate BUY
26-Nov-2020 Aeon Co. - Mild recovery on the cards

Business Background

Aeon Co (M) Bhd is a Malaysia-based company that is primarily engaged in retailing and property management services. The majority of the company’s revenue comes from its retailing business. In addition to its core general merchandise stores, the company operates superstores, pharmacy and flat-price shops, and it runs an e-commerce business through www.shoppu.com.my. Most of AEON’s stores are located in suburban residential areas, aiming to meet the ever-changing demand of Malaysia’s vast middle-income group.
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  11 people like this.
 
WenJun Yeah its movement in recent days are really weird and difficult to trade, was expecting it to break 1.25 today, but it holds very well despite what the broad market is doing.
23/03/2021 5:41 PM
Azam Sahlan im taking profit yesterday, today & tomorrow @ RM1.3
24/03/2021 5:56 PM
GemenchehLawyer Epf sell, dropped. Azam sell, also dropped. Aeon Boss better fire this operator.
25/03/2021 11:26 AM
WenJun The volume is in a decreasing trend, with the almost sideway-like price actions, it looks like a bull flag. Technical wise it is pointing towards 1.70~1.75 once it broke out of the flag with high volume.
26/03/2021 3:57 PM
TreeTopView HI Wen Jun, your post encouraged me to look at the Aeon chart. I understand what you mean but I'm not as bullish as you are on price targets.
The Bollinger Bands are definitely tightening and volume is low but other indicators are not leading me to see any substantial rise yet. I hope I'm wrong !! :)

What I have noticed though is that shorting has stopped this week and also some of the borrowed stock has been returned. Perhaps they realise they can't push it down enough? I don't know.

All the best.
27/03/2021 11:51 AM
WenJun Hi TreeTopView, personally I am not that bullish either, it really depends on how the price actions are going to happen next. We may see some breakdowns too, I will just wait while the signals are still unclear before buying any :)
29/03/2021 10:13 AM
Azam Sahlan feeling goona hurt if it reach 1.70 like what WenJun predicting... ive been selling at RM1.30. Today also sold at RM1.30.
29/03/2021 6:43 PM
Jarall Coming in
30/03/2021 2:57 PM
WenJun @Azam Sahlan It is okay, realized profits are better than paper profits. This prediction may not come true at all.
30/03/2021 4:02 PM
WenJun Everything is holding well so far... When would the show begins?
07/04/2021 3:47 PM
TreeTopView There was over 1.2 million for sale at 1.30 and slowly but surely they chewed through it.
The price pattern on this has been very impressive even while the market was shaky. It has been a pleasant surprise to me.
07/04/2021 3:52 PM
Jack888 cross 1.34 then I buy...
07/04/2021 4:15 PM
WenJun Technicals are looking good so far, it broke above MA20 and one of the upper trendlines of the bull flag, doing so with a two times higher trading volume compared to the recent average. MACD also showing an uptick:

https://www.tradingview.com/x/y6Pai2S1/

Still need to see the price action of tomorrow for confirmation though, like @Jack888 said, crossing above 1.34 will be a very good sign.
07/04/2021 5:22 PM
WenJun Continue to move sideways until breakout downwards or upwards...
08/04/2021 5:13 PM
TreeTopView Hi Wen Jun......so it will either go up, or go down, or remain the same?
I'd say you will probably be right :)

Joking aside, it is a tough call. I've thought about topping up but don't quite have the nerve for it yet, considering the overall market sentiment. The support it's been getting from buyers has been quite surprising though. That should be a good sign.......but......
08/04/2021 6:16 PM
WenJun Haha, yeah it is tough to know what is next with the movement these days, stay put until something major happens will probably be a better move.
08/04/2021 10:25 PM
TreeTopView Wen Jun, the more I update and view the chart, the more confused I get :)
Bollinger Bands are tightening and will eventually be tighter than a duck's backside, so something has to eventually break to the up or downside.
A few other indicators are looking neutral and the short term moving average is almost directionless.
Price action remains constant with a bias towards the upside, IMO.

Perhaps just tossing a coin might be just as accurate as the technicals in making a decision :)
09/04/2021 9:37 AM
Jack888 Wait another 5 - 8 tarding days.
09/04/2021 12:33 PM
Azam Sahlan strong bull & bear this counter is.

many selling but many buying also at that RM1.27 - 1.30 since march
09/04/2021 12:41 PM
WenJun So weak yet so strong at the same time, confusing time it is...
12/04/2021 5:16 PM
Jarall Today it is
13/04/2021 1:07 AM
WenJun Vroom vroom
13/04/2021 9:53 AM
TreeTopView I spent a bit of time yesterday digging into the technicals to try and get a clearer picture of this stock. It will probably bore the backside off most in here but I think there are some other technical readers that might be interested.

This current rising pattern started at the beginning of February when the price was 0.915 cents. That was just over 2 months ago, however the rise was mainly all done in the fist month, Feb2 @0.915 to March 4, 1.34, around a 46% rise. For the second month it has mainly been going through consolidation/distribution around the 1.30 +/- area and not giving back much of that 40%+ rise, that's quite impressive considering overall market sentiment during that month. The first retrace point of that rise was 1.24 (second retrace point was 1.17) and with only a couple of very brief intraday drops to the 1.24 level during the month, the 1.24 price point was always respected and not broken.
Throughout the past month the Bursa has been volatile (understatement), however this has had very little effect on the Aeon price, which has been a surprise for me. Due to the tight price range that it has been trading in for just over a month, the Bollinger Bands have gradually tightened. The last 3 weeks end of week BB gaps have dropped from 14.21 to 9.32, then to 6.50 last Friday(9th). If it remains at the same rate it is possible by next Friday it could be at 4 or less...very tight. Eventually something has to give. I'll be watching that indicator closely during this current week.

Other indicators I use are showing neutral to positive.
MACD is gradually tightening and showing possible signs of a crossover either later this week or the following week.
Volume has been relatively soft over the past month, so I suggest monitoring that to see any signs of increased interest/volume.

A final thought......the start of the last rise commenced about 4 weeks prior to the release of the Quarterly, so could we see a similar pattern here, or perhaps even a few weeks earlier? The next Quarterly is due around May 24.

My Fib points if it was to break 1.33/1.34 with volume are:
TP 1: 1.44
TP 2: 1.50
TP 3: 1.55

ps. For Wen Jun. A couple of weeks ago you mentioned a possible bull flag pointing to the 1.70-1.75 area. The Fib TP5 is actually at 1.76 but I think think it would take some very extraordinary news or a bumper Quarterly to get anywhere near there. I guess stranger things have happened, though...lol :)

Let's not get ahead of ourselves though, it has to break 1.34 before it's going anywhere. Will it, won't it? We'll eventually find out.
13/04/2021 10:24 AM
Jack888 Ok... its good...buy more..
13/04/2021 10:40 AM
TreeTopView Needs to close above 1.34, IMO.
Impressive so far, though......but too early to say for sure.
13/04/2021 10:43 AM
Investeye Good show today
13/04/2021 10:45 AM
WenJun @TreeTopView Yup a close above 1.34 is good, the next target would be 1.39, a rise above it would trigger more buying pressure. The 1.70~1.75 TP is too optimistic as of now, but who knows what will Aeon does, it has been full of surprises :P
13/04/2021 5:22 PM
TreeTopView This break to the upside has started earlier than I thought it might have. The bollinger bands were showing that something had to eventually give and that seems to have happened today.
Very good initial volume today with good consolidation during the afternoon session. Let's see if it can follow through on its good work today by strengthening in the upcoming days.
13/04/2021 5:23 PM
TreeTopView Hi Wen Jun, I can see how you mention 1.39 as a target but I think that is fairly irrelevant. That 10th and 11th March area is, to me anyway, simply an overshoot area, as the highest close on those days was 1.36.

If this is a serious break to the upside, then 1.44 would be around my first bus stop.

All the best.
13/04/2021 5:31 PM
WenJun Hi TreeTopView, I understand that a candlestick body counts much more than its wicks, but failure to close at those wicks can indicate huge resistance around those prices. It is not always reliable, but it is worth monitoring. I will definitely pay attention to your Fibonacci TPs, good luck and all the best.
13/04/2021 5:44 PM
FakeVaccines World covid cases 800k !!!!!
india 200k !!!!!!
Break new high soon
malaysia also keep raising!!!
Wave 4 coming!!!
Vaccine is useless???????????????

Run run run

Bluechip recover stock Crash soon
15/04/2021 8:12 AM
Bgt 9963 Good luck...!
15/04/2021 8:49 AM
TreeTopView Is it a fake break or a retrace consolidation?
Wouldn't want to see it close below 1.33/1.34.
15/04/2021 10:11 AM
WenJun The market sentiment after lunch hour is bad as the daily covid cases rise over 2000, looks like they are flushing away contra players and weak holders. The last hour rebound is looking good, caught some falling knives.
15/04/2021 5:53 PM
TreeTopView I had to go out in the afternoon so missed all the "action" at the lower levels. It looks like it was low volume, so not too damaging.
Now back at that mystical and magical 1.31 yet again, so I guess we have to see what the overall market delivers us today.
16/04/2021 7:42 AM
TreeTopView A quick check shows that there has been no shorting of this stock this week. Could have maybe expected some on the high volume/rise on Tuesday but nothing, so that's a positive, IMO.
Let's blame the covid sentiment for the drop, for now anyway.
16/04/2021 8:14 AM
Jack888 Range 1.24 support and 1.39 resistance...
17/04/2021 8:56 AM
Jarall incoming
19/04/2021 11:50 PM
WenJun Good closing after touching 50MA, but the volume is not high, maybe more consolidations ahead.
20/04/2021 5:33 PM
yuhang99 https://investmiles.blogspot.com/2021/04/aeon-6599.html
22/04/2021 12:21 PM
samchan MBSB is bank, chepaer than aeon
27/04/2021 3:30 PM
TreeTopView Let's keep a close eye on this one next week for any indicators that it might move up leading to their Quarterly results. We know what happened in the lead up to the last Quarterly, so maybe, just MAYBE we might see something similar. Nothing showing yet to indicate it will happen but worth keeping an eye on volume increases.
29/04/2021 8:30 AM
Bgt 9963 Hoot9e...!
29/04/2021 8:50 AM
TreeTopView The Covid effect strikes yet again.
03/05/2021 11:38 AM
WenJun It broke below MA50 yet still holding 1.24, things do not look good as of now
03/05/2021 7:07 PM
t_nike2002 KL will be on MCO... this stock going Down... better take profit and chao first
05/05/2021 7:58 PM
i3lurker MCO will be extended practically forever, you will feel like its gonna be extended forever, until after August lah.

kakakaka

already said Phase 3 cannot start
05/05/2021 8:00 PM
robin1967 No profit to take. Lost adalah.
05/05/2021 10:52 PM
niceprofit Aeon buy solar power from malakoff..why price drop?
06/05/2021 12:56 PM
TreeTopView lol.....is that a serious question?
06/05/2021 4:45 PM


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