Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 21 Oct 2013
AEON Credit Service; Hold; RM15.80
Price Target: RM18.40; ACSM MK
Strong MEP contribution
2Q14/1H14 results were in line, led by strong MEP growth while personal loans softened. No dividend was declared in the quarter; 16.3% CAR ratio is close to BNM’s 16% minimum requirement. Expect to raise funds from perpetual notes/Sukuk. Maintain HOLD rating with RM18.40 TP.
Source: HwangDBS Research - 21 Oct 2013
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