[AEON CREDIT SERVICE (M) BHD：当前季度的总交易和融资量与去年同期相比增长了17.5％至16.46亿令吉]

永旺信贷录得总收入4.13279亿令吉，比去年同期增长14.9％。截至2020年2月29日的当前季度的总交易和融资量与去年同期相比增长了17.5％至16.46亿令吉。

截至2020年2月29日的应收融资总额为103.95亿令吉，较2019年2月28日增加了17.02亿令吉。2020年2月29日的减值后的应收融资净额为97.04亿令吉，相比之下截至2019年2月28日为81.06亿令吉。截至2020年2月29日，不良贷款比率为1.92％，而截至2019年2月28日，不良贷款比率为2.04％。

本季度总营业费用与收入的比率为60.4％，而去年同期为62.3％。减少的主要原因是应收融资账款减值损失准备金减少。本季度的税前利润为1.18032亿令吉，比去年同期增长2.5％。

财政年度迄今的总收入为15.99亿令吉，比上一年的13.66亿令吉高出17.1％。截至本财政年度为止，总交易和融资额比上一年增长22.7％至63.81亿令吉。截至2020年2月29日，贷款损失覆盖率为346％，而截至2019年2月28日为331％。

QoQ:
本季度的税前利润为1亿1803.2万令吉。增长主要是由于截至2020年2月29日的季度录得的减值亏损减少到8781.3万令吉，而上一季度为1.1447亿令吉。

前景：
截至2020年2月29日，该公司的收入录得17.1％的增长。预计国内需求将是主要驱动力，因为家庭支出可能将受到政府推动经济需求的努力的支持。随着马来西亚国家银行指示采取其他措施，以帮助借款人和客户因COVID-19爆发而遭受财务限制，公司已采取必要措施来应对迫在眉睫的挑战。

展望未来，公司将继续保持审慎和谨慎，将重点放在增长优质资产上，并根据计划中的公司业务实施情况，利用其业务基础来提高财务和运营效率。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.94 (dividend RM0.04) in 1 year 7 months 29 days, total return is 176.9%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.51 (dividend RM0.04) in 1 year 9 months 9 days, total return is 95%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.00 (adjusted)(dividend RM0.055) in 10 months 8 days, total return is 82.9%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.965 in 1 year 2 months 21 days, total return is 67.8%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.91 (dividend RM0.148) in 1 Year 6 months 3 days, total return is 29.4%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

7月5日星期日：Espira Sri Petaling, KL 3份点心

7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

7月19日星期日：AG Hotel Penang, George Town 2份点心

2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

7月4日星期六：Espira Sri Petaling, KL

7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru

7月18日星期六：AG Hotel Penang, George Town

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

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这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[AEON CREDIT SERVICE (M) BHD: Total transaction and financing volume in the current quarter ended 29 February 2020 has increased by 17.5% to RM1.646 billion as compared to the preceding year corresponding quarter]

The Company recorded a total revenue of RM413.279 million, which was 14.9% higher as compared to the preceding year corresponding quarter. Total transaction and financing volume in the current quarter ended 29 February 2020 has increased by 17.5% to RM1.646 billion as compared to the preceding year corresponding quarter.

The gross financing receivables as at 29 February 2020 was RM10.395 billion representing an increase of RM1.702 billion as compared to 28 February 2019. The net financing receivables after impairment was RM9.704 billion as at 29 February 2020 as compared to RM8.106 billion as at 28 February 2019. Non-Performing Loans (NPL) ratio was 1.92% as at 29 February 2020 as compared to 2.04% as at 28 February 2019.

Ratio of total operating expense against revenue was recorded at 60.4% for the current quarter as compared to 62.3% in the preceding year corresponding quarter. The decrease was mainly due to lower allowance for impairment losses on financing receivables. The profit before tax for the current quarter of RM118.032 million increased by 2.5% compared to the preceding year corresponding quarter.

Total revenue registered for the financial year-to-date of RM1.599 billion was higher by 17.1% compared to RM1.366 billion recorded in the preceding year. Total transaction and financing volume for the financial year-to-date grew by 22.7% to RM6.381 billion compared to preceding year. Loan loss coverage ratio stood at 346% as at 29 February 2020 as compared to 331% as at 28 February 2019.

QoQ:
Profit before tax for the current quarter recorded at RM118.032 million. The increase was mainly due to lower impairment losses of RM87.813 million recorded for the quarter ended 29 February 2020 as compared to RM114.470 million for the immediate preceding quarter.

Prospects:
The Company had recorded a 17.1% growth in revenue for the year ended 29 February 2020. Domestic demand is predicted to be a key driver, as household spending is likely to be supported by government efforts to drive economic demand. With the implementation of additional measures directed by Bank Negara Malaysia to assist borrowers and customers experiencing financial constraints due to COVID-19 outbreak, the Company has taken actions to put the necessary measures in place to face the imminent challenges.

Moving forward, the Company will remain prudent and cautious, placing emphasis on growing quality assets and enhancing financial and operational efficiency by leveraging on its business fundamentals based on the scheduled implementation of the Company’s business plan.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng