Bursa Malaysia Stock Watch

AEON Co. (Buy): Strong 3Q, expect a stronger 4Q

kltrader
Publish date: Fri, 25 Nov 2011, 11:33 AM
kltrader
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In line, strong QoQ growth. 3Q11 net profit of RM49m (+6% YoY,+69% QoQ) was within our expectations. QoQ earnings jumped withthe reopening of Jusco 1 Utama and Hari Raya effect. 9M11 recurringnet profit of RM113m has made up 63% of our full-year forecast and68% of consensus. Maintain Buy and TP of RM7.90 (14x 2012 PER).


Maybank research (25 November 2011)

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