Highlights
KLSE: AEONCR (5139)       AEON CREDIT SERVICE (M) BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
17.00   +0.06 (0.35%)  16.72 - 17.14  156,200
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Financials


Market Cap: 4,264 Million

Market Cap 4,264 Million
NOSH 251 Million

Latest Audited Result:  28-Feb-2018

Latest Audited Result: 28-Feb-2018
Announcement Date 05-Jun-2018
Next Audited Result: 28-Feb-2019
Est. Ann. Date: 05-Jun-2019
Est. Ann. Due Date: 27-Aug-2019

Latest Quarter:  30-Nov-2018 [#3]

Latest Quarter: 30-Nov-2018 [#3]
Announcement Date 20-Dec-2018
Next Quarter: 28-Feb-2019
Est. Ann. Date: 27-Apr-2019
Est. Ann. Due Date: 29-Apr-2019
QoQ | YoY   8.06%  |    23.51%

Annual (Unaudited) ( EPS: 119.64, P/E: 14.21 )

Revenue | NP to SH 1,235,122  |  300,057
RPS | P/RPS 492.47 Cent  |  3.45
EPS | P/E | EY 119.64 Cent  |  14.21  |  7.04%
DPS | DY | Payout % 40.69 Cent  |  2.39%  |  34.01%
NAPS | P/NAPS 6.30  |  2.70
YoY   13.22%
NP Margin | ROE 24.29%  |  18.98%
F.Y. | Ann. Date 28-Feb-2018  |  27-Apr-2018

T4Q Result ( EPS: 139.28, P/E: 12.21 )

Revenue | NP to SH 1,315,480  |  349,319
RPS | P/RPS 524.51 Cent  |  3.24
EPS | P/E | EY 139.28 Cent  |  12.21  |  8.19%
DPS | DY | Payout % 41.93 Cent  |  2.47%  |  30.11%
NAPS | P/NAPS 5.65  |  3.01
QoQ | YoY   4.98%  |    17.30%
NP Margin | ROE 26.55%  |  24.64%
F.Y. | Ann. Date 30-Nov-2018  |  20-Dec-2018

Annualized Result ( EPS: 141.95, P/E: 11.98 )

Revenue | NP to SH 1,341,742  |  356,014
RPS | P/RPS 534.98 Cent  |  3.18
EPS | P/E | EY 141.95 Cent  |  11.98  |  8.35%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -1.04%  |    22.62%
NP Margin | ROE 26.53%  |  25.11%
F.Y. | Ann. Date 30-Nov-2018  |  20-Dec-2018


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
28-Feb-2019 20-Dec-2018 30-Nov-2018 3 348,497 118,072 87,136 87,136 - 1,417,541 - % 25.00% 6.15% 250,449 139.15 138.95 33.35 34.74 0.00 0.00 5.6600 5.65   8.06%   23.51% 30-Nov-2018 15.20 10.92 43.69 2.69 2.29% 0.00% 20-Dec-2018 14.84 10.66 42.65 2.62 2.34% 0.00%
28-Feb-2019 04-Oct-2018 31-Aug-2018 2 332,092 107,233 80,640 80,640 55,542 1,392,929 68.88% 24.28% 5.79% 249,629 133.03 132.41 31.03 32.15 22.25 22.15 5.5800 5.55   -18.74%   12.96% 30-Aug-2018 15.10 11.35 46.74 2.71 2.14% 1.47% 04-Oct-2018 15.86 11.92 49.10 2.84 2.04% 1.40%
28-Feb-2019 28-Jun-2018 31-May-2018 1 325,718 131,763 99,235 99,235 - 1,356,183 - % 30.47% 7.32% 248,841 130.89 129.87 38.43 39.57 0.00 0.00 5.4500 5.41   20.57%   30.90% 31-May-2018 14.80 11.31 37.11 2.72 2.69% 0.00% 28-Jun-2018 13.90 10.62 34.86 2.55 2.87% 0.00%
28-Feb-2018 27-Apr-2018 28-Feb-2018 4 309,173 105,366 82,308 82,308 49,627 1,580,632 60.29% 26.62% 5.21% 248,137 124.60 123.27 31.87 32.82 20.00 19.79 6.3700 6.30   16.66%   2.82% 28-Feb-2018 13.30 10.67 40.10 2.09 2.49% 1.50% 27-Apr-2018 12.82 10.29 38.65 2.01 2.59% 1.56%
28-Feb-2018 21-Dec-2017 30-Nov-2017 3 312,345 95,307 70,552 70,552 - 1,401,122 - % 22.59% 5.04% 231,974 134.65 124.54 28.86 28.13 0.00 0.00 6.0400 5.59   -1.17%   5.22% 30-Nov-2017 13.60 10.10 44.72 2.25 2.24% 0.00% 21-Dec-2017 13.80 10.25 45.37 2.28 2.20% 0.00%
28-Feb-2018 05-Oct-2017 31-Aug-2017 2 311,322 95,793 71,385 71,385 42,477 974,985 59.50% 22.93% 7.32% 201,027 154.87 124.13 35.51 28.46 21.13 16.94 4.8500 3.89   -5.84%   29.33% 30-Aug-2017 12.48 8.06 35.15 2.57 2.85% 1.69% 05-Oct-2017 12.80 8.27 36.05 2.64 2.77% 1.65%
28-Feb-2018 04-Jul-2017 31-May-2017 1 302,282 101,869 75,812 75,812 - 1,026,720 - % 25.08% 7.38% 144,000 209.92 120.53 50.15 30.23 0.00 0.00 7.1300 4.09   -5.30%   20.86% 31-May-2017 19.20 9.15 36.47 2.69 2.74% 0.00% 04-Jul-2017 19.08 9.09 36.24 2.68 2.76% 0.00%
28-Feb-2017 25-Apr-2017 28-Feb-2017 4 290,842 103,064 80,053 80,053 46,800 954,720 58.46% 27.52% 8.38% 144,000 201.97 115.96 53.38 31.92 32.50 18.66 6.6300 3.81   19.39%   17.50% 28-Feb-2017 15.70 7.77 28.24 2.37 3.54% 2.07% 25-Apr-2017 16.30 8.07 29.32 2.46 3.41% 1.99%
28-Feb-2017 22-Dec-2016 30-Nov-2016 3 280,347 90,807 67,053 67,053 - 882,720 - % 23.92% 7.60% 144,000 194.69 111.78 44.01 26.74 0.00 0.00 6.1300 3.52   21.49%   25.66% 30-Nov-2016 13.32 6.84 28.61 2.17 3.50% 0.00% 22-Dec-2016 14.24 7.31 30.58 2.32 3.27% 0.00%
28-Feb-2017 04-Oct-2016 31-Aug-2016 2 269,128 73,175 55,194 55,194 46,632 906,649 84.49% 20.51% 6.09% 152,891 176.02 107.31 36.10 22.01 30.50 18.59 5.9300 3.62   -12.01%   13.83% 30-Aug-2016 14.98 8.51 41.50 2.53 2.41% 2.04% 04-Oct-2016 14.60 8.29 40.44 2.46 2.47% 2.09%
28-Feb-2017 30-Jun-2016 31-May-2016 1 261,638 84,116 62,727 62,727 - 905,920 - % 23.97% 6.92% 152,769 171.26 104.32 41.06 25.01 0.00 0.00 5.9300 3.61   -7.93%   7.70% 31-May-2016 13.58 7.93 33.07 2.29 3.02% 0.00% 30-Jun-2016 12.94 7.56 31.51 2.18 3.17% 0.00%
29-Feb-2016 21-Apr-2016 29-Feb-2016 4 258,292 90,551 68,133 68,133 44,736 823,701 65.66% 26.38% 8.27% 151,137 170.90 102.99 45.08 27.17 29.60 17.84 5.4500 3.28   0.00%   715.28% 29-Feb-2016 11.92 6.97 26.44 2.19 3.78% 2.48% 21-Apr-2016 12.78 7.48 28.35 2.34 3.53% 2.32%
28-Feb-2016 28-Feb-2016 4 258,292 90,551 68,133 68,133 44,736 823,701 65.66% 26.38% 8.27% 151,137 170.90 102.99 45.08 27.17 29.60 17.84 5.4500 3.28   27.68%   715.28% 26-Feb-2016 11.72 6.86 26.00 2.15 3.85% 2.53% 0.00 0.00 0.00 0.00 0.00% 0.00%
29-Feb-2016 22-Dec-2015 30-Nov-2015 3 245,780 70,502 53,362 53,362 - 789,460 - % 21.71% 6.76% 154,493 159.09 98.00 34.54 21.28 0.00 0.00 5.1100 3.15   10.06%   - % 30-Nov-2015 12.98 8.16 37.58 2.54 2.66% 0.00% 22-Dec-2015 11.78 7.40 34.11 2.31 2.93% 0.00%
29-Feb-2016 06-Oct-2015 31-Aug-2015 2 228,723 64,272 48,486 48,486 46,019 775,467 94.91% 21.20% 6.25% 154,168 148.36 91.20 31.45 19.33 29.85 18.35 5.0300 3.09   -16.75%   - % 28-Aug-2015 12.18 8.21 38.73 2.42 2.58% 2.45% 06-Oct-2015 13.58 9.15 43.18 2.70 2.32% 2.20%
29-Feb-2016 25-Jun-2015 31-May-2015 1 232,439 76,266 58,241 58,241 - 782,479 - % 25.06% 7.44% 153,427 151.50 92.68 37.96 23.22 0.00 0.00 5.1000 3.12   596.91%   - % 29-May-2015 14.70 9.70 38.72 2.88 2.58% 0.00% 25-Jun-2015 14.18 9.36 37.36 2.78 2.68% 0.00%
28-Feb-2015 20-Apr-2015 28-Feb-2015 4 18,795 11,227 8,357 8,357 42,649 680,086 510.34% 44.46% 1.23% 144,086 13.04 7.49 5.80 3.33 29.60 17.01 4.7200 2.71   -84.91%   - % 27-Feb-2015 13.30 0.00 0.00 2.82 0.00% 0.00% 20-Apr-2015 14.48 0.00 0.00 3.07 0.00% 0.00%
20-Feb-2015 20-Apr-2015 20-Feb-2015 226,374 74,022 55,363 55,363 - 700,456 - % 24.46% 7.90% 149,670 151.25 90.26 36.99 22.07 0.00 0.00 4.6800 2.79   - %   15.78% 18-Feb-2015 12.98 8.58 35.09 2.77 2.85% 0.00% 20-Apr-2015 14.48 9.57 39.15 3.09 2.55% 0.00%
28-Feb-2015 30-Nov-2014 3 0 0 0 0 - - - % - % - % 148,593 - - 0.00 0.00 0.00 0.00 - -   - %   - % 28-Nov-2014 14.12 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
20-Feb-2015 16-Dec-2014 20-Nov-2014 216,215 65,016 48,293 48,293 - 630,037 - % 22.34% 7.67% 148,593 145.51 86.21 32.50 19.26 0.00 0.00 4.2400 2.51   - %   12.17% 20-Nov-2014 13.88 9.54 42.71 3.27 2.34% 0.00% 16-Dec-2014 10.66 7.33 32.80 2.51 3.05% 0.00%
28-Feb-2015 31-Aug-2014 2 0 0 0 0 - - - % - % - % 143,992 - - 0.00 0.00 0.00 0.00 - -   - %   - % 29-Aug-2014 16.62 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
20-Feb-2015 18-Sep-2014 20-Aug-2014 209,316 63,487 47,431 47,431 39,453 614,846 83.18% 22.66% 7.71% 143,992 145.37 83.46 32.94 18.91 27.40 15.73 4.2700 2.45   - %   9.96% 20-Aug-2014 17.50 12.04 53.13 4.10 1.88% 1.57% 18-Sep-2014 16.48 11.34 50.03 3.86 2.00% 1.66%
28-Feb-2015 31-May-2014 1 0 0 0 0 - - - % - % - % 144,017 - - 0.00 0.00 0.00 0.00 - -   - %   - % 30-May-2014 15.34 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
20-Feb-2015 19-Jun-2014 20-May-2014 200,900 75,517 56,282 56,282 - 603,432 - % 28.01% 9.33% 144,017 139.50 80.10 39.08 22.44 0.00 0.00 4.1900 2.41   17.70%   36.14% 20-May-2014 14.76 10.58 37.77 3.52 2.65% 0.00% 19-Jun-2014 14.92 10.70 38.18 3.56 2.62% 0.00%
20-Feb-2014 16-Apr-2014 20-Feb-2014 187,989 64,571 47,818 47,818 34,556 545,709 72.27% 25.44% 8.76% 143,986 130.56 74.95 33.21 19.07 24.00 13.78 3.7900 2.18   11.06%   22.59% 20-Feb-2014 14.70 11.26 44.26 3.88 2.26% 1.63% 16-Apr-2014 14.28 10.94 43.00 3.77 2.33% 1.68%
20-Feb-2014 19-Dec-2013 20-Nov-2013 178,034 56,094 43,055 43,055 - 548,627 - % 24.18% 7.85% 143,996 123.64 70.99 29.90 17.17 0.00 0.00 3.8100 2.19   -0.19%   23.22% 20-Nov-2013 15.50 12.54 51.84 4.07 1.93% 0.00% 19-Dec-2013 15.14 12.25 50.64 3.97 1.97% 0.00%
20-Feb-2014 18-Oct-2013 20-Aug-2013 162,868 57,176 43,136 43,136 - 479,448 - % 26.49% 9.00% 143,978 113.12 64.94 29.96 17.20 0.00 0.00 3.3300 1.91   4.34%   34.43% 20-Aug-2013 17.78 15.72 59.35 5.34 1.69% 0.00% 18-Oct-2013 15.80 13.97 52.74 4.74 1.90% 0.00%
20-Feb-2014 17-Jun-2013 20-May-2013 143,871 56,033 41,342 41,342 - 469,435 - % 28.74% 8.81% 143,998 99.91 57.36 28.71 16.48 0.00 0.00 3.2600 1.87   5.98%   47.18% 20-May-2013 16.56 16.57 57.68 5.08 1.73% 0.00% 17-Jun-2013 16.60 16.61 57.82 5.09 1.73% 0.00%
20-Feb-2013 18-Apr-2013 20-Feb-2013 131,683 52,101 39,008 39,008 28,078 429,102 71.98% 29.62% 9.09% 143,994 91.45 52.50 27.09 15.55 19.50 11.20 2.9800 1.71   11.64%   40.74% 20-Feb-2013 11.34 12.40 41.86 3.81 2.39% 1.72% 18-Apr-2013 15.30 16.73 56.48 5.13 1.77% 1.27%
20-Feb-2013 19-Dec-2012 20-Nov-2012 121,334 46,901 34,941 34,941 - 375,251 - % 28.80% 9.31% 137,454 88.27 48.38 25.42 13.93 0.00 0.00 2.7300 1.50   8.89%   38.35% 20-Nov-2012 12.80 14.50 50.35 4.69 1.99% 0.00% 19-Dec-2012 12.08 13.68 47.52 4.42 2.10% 0.00%
20-Feb-2013 20-Sep-2012 20-Aug-2012 112,486 43,698 32,088 32,088 19,200 378,000 59.84% 28.53% 8.49% 120,000 93.74 44.85 26.74 12.79 16.00 7.66 3.1500 1.51   14.24%   36.82% 17-Aug-2012 9.60 10.24 35.90 3.05 2.79% 1.67% 20-Sep-2012 10.36 11.05 38.74 3.29 2.58% 1.54%
20-Feb-2013 18-Jun-2012 20-May-2012 101,625 38,407 28,089 28,089 - 359,961 - % 27.64% 7.80% 119,987 84.70 40.52 23.41 11.20 0.00 0.00 3.0000 1.44   1.35%   46.43% 18-May-2012 8.27 9.76 35.33 2.76 2.83% 0.00% 18-Jun-2012 8.78 10.37 37.51 2.93 2.67% 0.00%
20-Feb-2012 19-Apr-2012 20-Feb-2012 94,275 36,901 27,716 27,716 20,157 340,750 72.73% 29.40% 8.13% 119,982 78.57 37.59 23.10 11.05 16.80 8.04 2.8400 1.36   9.74%   42.84% 20-Feb-2012 6.33 8.06 27.40 2.23 3.65% 2.65% 19-Apr-2012 7.28 9.27 31.52 2.56 3.17% 2.31%
20-Feb-2012 20-Dec-2011 20-Nov-2011 89,809 33,853 25,255 25,255 - 303,539 - % 28.12% 8.32% 119,976 74.86 35.81 21.05 10.07 0.00 0.00 2.5300 1.21   7.68%   57.44% 18-Nov-2011 4.58 6.12 21.76 1.81 4.60% 0.00% 20-Dec-2011 5.47 7.31 25.99 2.16 3.85% 0.00%
20-Feb-2012 21-Sep-2011 20-Aug-2011 83,035 31,522 23,453 23,453 15,843 303,664 67.55% 28.24% 7.72% 120,025 69.18 33.11 19.54 9.35 13.20 6.32 2.5300 1.21   22.26%   58.65% 19-Aug-2011 3.92 5.67 20.06 1.55 4.98% 3.37% 21-Sep-2011 3.79 5.48 19.40 1.50 5.16% 3.48%
20-Feb-2012 14-Jun-2011 20-May-2011 77,149 25,785 19,183 19,183 - 299,921 - % 24.86% 6.40% 119,968 64.31 30.76 15.99 7.65 0.00 0.00 2.5000 1.20   -1.13%   45.30% 20-May-2011 3.67 5.71 22.95 1.47 4.36% 0.00% 14-Jun-2011 4.08 6.34 25.52 1.63 3.92% 0.00%
20-Feb-2011 19-Apr-2011 20-Feb-2011 73,725 26,012 19,403 19,403 17,999 281,985 92.76% 26.32% 6.88% 119,993 61.44 29.40 16.17 7.74 15.00 7.18 2.3500 1.12   20.96%   35.64% 18-Feb-2011 3.11 5.06 19.23 1.32 5.20% 4.82% 19-Apr-2011 3.42 5.57 21.15 1.46 4.73% 4.39%
20-Feb-2011 21-Dec-2010 20-Nov-2010 68,188 21,495 16,041 16,041 - 262,750 - % 23.52% 6.11% 119,977 56.83 27.19 13.37 6.40 0.00 0.00 2.1900 1.05   8.51%   12.35% 19-Nov-2010 3.12 5.49 23.34 1.42 4.29% 0.00% 21-Dec-2010 3.05 5.37 22.81 1.39 4.38% 0.00%
20-Feb-2011 21-Sep-2010 20-Aug-2010 64,739 19,816 14,783 14,783 13,799 256,782 93.34% 22.83% 5.76% 119,991 53.95 25.81 12.32 5.89 11.50 5.50 2.1400 1.02   11.98%   9.57% 20-Aug-2010 3.12 5.78 25.32 1.46 3.95% 3.69% 21-Sep-2010 3.18 5.89 25.81 1.49 3.87% 3.62%
20-Feb-2011 15-Jun-2010 20-May-2010 62,957 17,701 13,202 13,202 - 254,438 - % 20.97% 5.19% 120,018 52.46 25.10 11.00 5.26 0.00 0.00 2.1200 1.01   -7.71%   8.21% 20-May-2010 3.20 6.10 29.09 1.51 3.44% 0.00% 15-Jun-2010 3.19 6.08 29.00 1.50 3.45% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  6 people like this.
 
Outliar Very good surprise
03/10/2018 13:27
jason007 did any one know how long is going to take for Aeoncr-LA convert to mother share ?
03/10/2018 15:46
moolala took about 1-2 weeks for me
03/10/2018 20:58
jason007 thank you moolala.. and any notification from their side to us or just mother share added in to the cds account ?
04/10/2018 10:28
eskay67 https://www.thestar.com.my/business/business-news/2018/10/04/aeon-credit-lifts-interim-payout-as-q2-profit-rises/
04/10/2018 20:23
yiniugongxiong AEONCR 5139 QUARTERLY REPORT 31 AUG 2018
http://yiniugongxiong.blogspot.com/2018/10/aeoncr-5139-quarterly-report-31-aug-2018.html
05/10/2018 18:35
eskay67 Affin Hwang (5 Oct ‘18) :Reaffirm BUY call and TP of RM18.40 (at 13x P/E target on CY19E EPS). A country top pick.
09/10/2018 16:33
eskay67 https://www.thestar.com.my/tech/tech-news/2018/10/22/aeon-introduces-an-ewallet/
24/10/2018 14:49
Alex™ this counter i sold too quick~ > <
01/11/2018 13:11
Alvin Low Kin Weng Last 2 QR revenue and profit rising strong due to Zero GST... Many had spent before SST.
09/11/2018 09:17
JackAo price so high haha
14/11/2018 10:53
Flintstones Dont waste time on this low beta stock. Fundamental is fantastic. However, good profit or not, the share price wont go up a lot and wont go down a lot.
02/12/2018 21:58
hong2166 Flintstones, hi friend , so what stocks that u recommend ? Tq
09/12/2018 09:42
eskay67 https://brc.theedgemarkets.com/2018/index.php
For financial services (below RM10 billion market cap), AEON Credit recorded highest growth in profit after tax over 3 years, highest ROE over 3 years and highest returns to shareholders over 3 years. [Edge-BRC corporate awards 2018]
13/12/2018 11:36
Alex™ Why I sell!!!!!
20/12/2018 18:13
yiniugongxiong AEONCR 5139 QUARTERLY REPORT 30 NOV 2018
http://yiniugongxiong.blogspot.com/2018/12/aeoncr-5139-quarterly-report-30-nov-2018.html
20/12/2018 18:36
dnlt Still cheap and good after so many years of growth.
21/12/2018 11:17
eskay67 http://www.theedgemarkets.com/article/affin-hwang-raises-target-price-aeon-credit-rm2010
26/12/2018 09:49
foreverchung Tmr 16?
15/01/2019 22:27
dexin Post removed. Why?
15/01/2019 22:27
Flintstones AEONCR has stayed pretty much stagnant for the last two or three financial years. Yes, the revenue and profit keeps going up. But does the improvement in profit result in greater shareholder value? If we were to use the most simple yardstick which is book value as a rough measure of intrinsic value, AEONCR intrinsic value has contracted in the pursue of growth of the last few years.
15/01/2019 22:38
Ricky Yeo Maybe Flintstones can enlighten everyone the definition of 'contracted' given that book value went from $4.43 to $7.48 (CAGR 14%) over the past 4 years.
17/01/2019 08:35
Ricky Yeo "Intrinsic value has contracted in the pursue of growth of the last few years." - This can only be true if a company is pouring capital into investment that generate future return lower than opportunity cost.

My apology if you're not interested in my academic theory discussion. But your theory is so full of holes.
17/01/2019 08:45
3iii Fast growth company at reasonable price.

Buy for the long term.
17/01/2019 16:01
Flintstones You are so smart Ricky. Indeed, I have no intention to get involve in any intellectual discussion with you. Told you. I came here to make money. But you, on the other hand, come here to practice as a finance journalist for The Star.

What I suggested was the flat share price could be due to the dilution from ICULS and recent change in accounting standards that tweaked reported book value. Why dont you show us the maths for your $7.48 book value with your TI BA II??

Dont forget to send your resume to The Star. I think it could be your home.
17/01/2019 16:03
Ricky Yeo Here - https://www.aeoncredit.com.my/aeon-corporate/investor-relations/annual-report

1. Click on AR 2018 - Page 50
2. Click on AR 2014 - Page 14

You don't need BA IX to calculate book value.

"What I suggested was the flat share price could be due to the dilution from ICULS and recent change in accounting standards that tweaked reported book value"

1. ICULS issuance increase equity. It doesn't dilute
2. Book value ain't EPS. When people invest more money into a company (that's the purpose of ICULS), BV goes up.
3. Book value growth has nothing to do with shareholder value. A company can raise $100 mil from public and BV grow by the same magnitude, do you call that greater shareholder value?
4. Whether book value goes up or down has little to do with intrinsic value. In fact, a company that can grow profit without increasing book value is a wonderful business.

You must ask yourself if you can make money with this level of flaw fundamental thinking. This isn't criticism. Be honest with yourself. You don't need to answer anyone but yourself.

I ain't smart. I am just trying to help.
17/01/2019 16:54
Flintstones Ricky, I do not need you to teach me finance. When I do not type/speak in your financial language does not mean that I do not understand financial theory.

Book value is always a rough estimate of a company’s intrinsic value. You can throw all your finance vocab at this statement to prove its flaw and I still wouldnt be convinced. There is a reason why Warren Buffett lists the historical value of Berkshire’s book value on the front page of its annual report every year.

Thus, I give zero fook at your “understanding” of intrinsic value and book value. In fact, if you are interested to share your financial theory again, why not sit a plane to Omaha and debate with Warren Buffett?

My apology if I hurt your feelings. Again, I do not need to tell you about my returns in the market as I have nothing to prove nor I am trying to audition for a role at The Star Business.
17/01/2019 17:16
Choivo Capital Flintstones,

If you're going to look at book value, look at book value per share basis.

Do you even understand why on earth warren buffet uses Book Value at the front page? Did you not read his statements over the years, telling you its not even close to a good measurement, but its the best he can give.

Because as long as you reinvest money at a good return, the company should be worth at minimum the book value. Berkshire value now is far far above the current book.

If Warren looked at Book Value as the only measure of intrinsic value for Berkshire, the book value will be far higher by now, and the intrinsic value far lower.

If you're going to be lashing out every time someone finds flaws in your thinking, to protect your own ego, i think you should stick to being an observer.

The moment you speak, the flaws in all your understanding comes out.
17/01/2019 17:34
764950395 Hi I hold this counter since price was about Rm 3.7 and keep adding to the position when opportunities arise. When you look at the BV of the finance stock , give me an example in which banks counter doesn’t grow their book value? Unless Stop loan growth , loan being written down or a great fine coming from government to lower their book value maybe a case for Goldman Sachs. Important to look at here is the EPS growth , EPS growth rate for this counter is the highest compare to other banking counter even better than public bank , one thing public bank more superiors is the NPL lowest in MALAYSIA. So long NPL for this counter is manageable, Similar NPL with maybank , around 2+% ,I think the management of Aeoncr is doing great to push EPS higher and the intrinsic value for this counter will continue to go up.
17/01/2019 17:37
Choivo Capital 764950395,

At the current valuation, its not a bad idea. The company is a pretty great business.
17/01/2019 17:38
764950395 Addition to the BV, now with central bank impose Basel 3 requirement, you need to keep minimum 7% at all time for tier one capital. So if you growth your loan, your BV will need to grow too.
17/01/2019 17:41
Flintstones Jon, I have no tendency to believe my understanding of things are superior to everybody else unlike Ricky and you.

As a matter of fact, I do recognize the imperfection of my unconventional understanding of the market against the academician consensus. Of course, I do not need you to agree with everything I said.

I agree with most of your assessment of certain investment yardsticks. What about those that I do not agree with? Did you see me harping on the issues I disagree with like heaven god’s send?

A self-perceived superiority in knowledge is always always found in arrogant young men who have not seen enough. Lets not try to become philosophical in proving or disproving financial theories. We are here to make money not become a nobel prize laureate in finance.

I see great potential in you Jon. I am just trying to help. You are still young and you can pick your own path. Become good in investing like long numbers guy or become good in writing for finance newspaper. The choice is yours.
17/01/2019 17:49
Ricky Yeo If you insist on quoting WB, then he also said assume that you spend the same amount putting two children to college, the book value of each child’s education would be the same. But the present value (intrinsic value) of the future payoff might totally different with each of the two children – they can range from zero to many times the costs of education. If you are still convinced about book value, feel free to buy up all stocks with B/V < 1

No offense, you don't like to discuss theory not because your objective is to make money, it is because your theory is so weak that it breaks apart as soon as it comes out your mouth. So you use "I came here to make money" to avoid discussion at all cost.

Sure, you don't have to give a fck about what my theory is. You just have to make sure your theory is right. If they're right, then you make money in the long-term. Who cares what Ricky says. But are they correct? That is for you to answer to yourself.
17/01/2019 18:13
Flintstones Ricky boy, I acknowledge your proficiency in finance academics. I will be very proud if my son had the same theory articulation like you in future.

There are two types of people on i3. The first group is people like me who are here to have fun and make money without any agenda. The second group is people like OTB or Kcchong who are here to sell subscription newsletters.

I assume you are in the latter group or at least, aspiring to be. To be recognize as a top investor here on i3, you need to show people your investment analysis like long numbers guy who recently became one of the most acknowledged member in a short period of time. Think about it, how many years have you been here? And has your newsletter business took off?

Here's a tip for you. Instead of showing off your academician knowledge, why not spend more time writing investment case studies? If you are incapable of doing that or are afraid of the repercussions of being wrong and ridiculed, try channelling your "I am the smartest finance guy on i3 and I need to show everybody I am smart at all costs" on popular members like calvintan, icon3333, stockraider or sslee. I am sure these people are the best targets to market your business since they have a large audience.

Jon have been here a shorter period than you. Even he has shown promising signs to become good at investing by taking a risk publishing his investment reports for all to see. He has his fair share of finance theory but also showed everybody his analytical ability.

You on the other hand have shown nothing. Zero. No credibility whatsover.

I am just trying to help you as a nobody without any agenda on i3.
17/01/2019 18:59
3iii An old post, still relevant.

https://myinvestingnotes.blogspot.com/2016/10/aeon-credit-attractive-alternative.html
17/01/2019 20:30
Ricky Yeo We're stretching this BS too far now. At the end of the day, it doesn't matter whether I am 1st or 100th group; whether I got zero or 100 credibility; whether im really showing off or just helping; the only thing that matters is, is your theories right? Your theory is not answerable to me, but to the market. Can it stand the test of the market? Or break apart easily? That is for you to answer to yourself.

Making money without agenda, what a nice way to put it. Like I'll close my eyes and pretend nothing happened.
18/01/2019 03:56
yiniugongxiong AEONCR 5139 INFORMATION OVERVIEW 1
https://yiniugongxiong.blogspot.com/2019/01/aeoncr-5139-information-overview-1.html
25/01/2019 19:52
LouiseS The EPS is fluctuating in last five years, range from 109 to 167 sen per share, PE ratio is reasonable around 11, the ROE is 23%, and dividend yield 2.74%

https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_25.html
26/01/2019 12:47
(S = Qr) Philip I realize Ricky is the one who loves to argue for the sake of arguing.
Problem is in investing there is no point in arguing, whether your theories are right it wrong can always be explained away in a biased frame.

It's like looking at the Forex chart,
Daily chart looks like it's losing money.
Weekly chart looks like it's uptrend.
Monthly chart looks like it's downtrend.
But yearly chart looks like it's making tons of money.

There is no wrong or right if you are arguing just based on theories.

But if you have skin in the game just draw the line in the sand, tell everyone what you bought and what price you bought it at. If you make money then you have the right to say whatever you want.

If you lose money be brave enough to admit it.

If you don't have any skin in the game, why spread so much info and theories and arguing? Just agree to disagree, like icon888.

At the very least be like Stockraider wth a price a buy all and a reason for shorting out investing.

Theories without conviction are a waste of time.
27/01/2019 22:36
qqq3 philip

but u are referring to AeonCr version 1.0......but , they are moving nicely to version 2.0....Management not stupid one, and taking necessary steps........with the right issue and iculs.....and new ideas.....

a couple of years ago, people sold down the share while profits are still rising.....I don't know why but I am sure management knows......
27/01/2019 23:26
(S = Qr) Philip Yeah, I read about their expansion into Philippines and Indonesia and increasing revenues from personal motor financing.

If it does well, things will definitely change.

But until then, will have to wait if the raising of money and cost of capital can bring in the beef.

Clock is ticking.
27/01/2019 23:40
hong2166 http://www.sinchew.com.my/node/1834574/%E6%B0%B8%E6%97%BA%E6%B0%B8%E6%97%BA%E4%BF%A1%E8%B4%B7%E5%89%8D%E6%99%AF%E5%92%8C%E5%90%88%E7%90%86%E4%BB%B7
28/01/2019 17:45
hong2166 Hi all, I am a long term investor of AEONCR. Invested since 2008 till now, it has now become the biggest holdings in my portfolio.
I think AEONCR does not really depends on AEON Mall that much anymore as AEONCR provides loans to buy motorcycle, credit card and many other services. It may soon provides car and housing loan soon if you read bursa malaysia announcement.
Opportunity and Risk always exists concurrently, lets wait and see.

I am glad that i escape from recent small and medium cap price collapse. And I am waiting for AEONCR to go up to 20. Haha
28/01/2019 17:48
Choivo Capital Phillip,

Go and study motorcycle ownership trends in Malaysia.
28/01/2019 17:50
eskay67 Quote from Philip above : “ it's fortunes are tied very closely to aeon co, which is a gruesome business.”
This statement is not correct .... Business and revenue from collaboration between AEON Credit and AEON retail operations in Malaysia is quite small, as reported by management. Vehicle financing and personal financing (money lending) portfolios are biggest contributors, not related to AEON Malls ...
29/01/2019 14:38
(S = Qr) Philip My bad eskay67, I had assumed that most of the vehicle and motorcycles were sold via the branches near or within the aeon mall locations. My apologies, I am most humbly mistaken. As you can probably surmise in sabah we don't have any aeon malls.

You learn new things every day!

Cheers.

*Deleting my comments now to save future investors misunderstanding.
30/01/2019 00:14
pputeh No worries Philip. We are all here to learn. No one is infallible. What about a comparison between LPI and Aeon Credit. Accepted they are in different spheres of business.
30/01/2019 10:14
value88 Post removed. Why?
30/01/2019 10:14
pputeh Also what effects the recently money lending licence they obtained http://www.bursamalaysia.com/market/listed-companies/company-announcements/6036765
30/01/2019 10:18
Ricky Yeo "If you make money then you have the right to say whatever you want. " - That is how so many investors get fooled (outcome bias) into following others who have 'track record'.

Imagine I told everyone I made 800%+ in Scientex, now many people will come and ask me what do I think about Genting, KNM, Carimin, semi-con or whatever stocks they are interested in. I can of course craft a lucid narrative to explain why these stocks are good or bad and everyone will believe every single world I said since I have made so much return in Scientex. But how do they know if my hypothesis is accurate? They don't. They rely on the heuristic "he picked Scientex, therefore he is good." No one know those stocks are outside my circle of competence.

Just as I don't want to fool myself, fool someone else, or fooled by others (even if unintentionally done others), the best way is theories. If someone can't properly explain his thought process, all bets are off.

If someone tells me "xx stock is undervalued because of low P/E or low BV." - His one sentence theory gives me more insight about the quality of his thinking than how much money he made, all the narrative about the stock etc. Theory is a great way to filter out nonsense. I like theories not because theories are sexy, but because they're effective.
30/01/2019 10:47