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2020-09-30 10:00 | Report Abuse
Loan loss coverage ratio reported at 417% at end of August 2020 vs 342% at end of August 2019 - seems to be prudent ...
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2019-08-22 13:18 | Report Abuse
Quote from Kenanga research update on 28 June : “While the group may continue to grow its market share, we believe it would come at a necessary enlarged cost of credit.” I believe this is not a conservative view, instead it is a realistic expectation under current market environment ...
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2019-01-29 14:38 | Report Abuse
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 ...
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2018-12-13 11:36 | Report Abuse
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]
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2018-11-19 20:00 | Report Abuse
As commented above, negative operating cash flow merely reflects asset / receivables growth financed from borrowings and/or equity fund raising. While RCE Cap target segment is mainly civil servants for personal loans, AEON Credit targets broader micro financing segments as well as credit card, e-money and certain other product segments. While current ROE level of RCE Cap is slightly lower than AEON Credit, the figures are still pretty good. My conclusion : RCE Cap does seem to be undervalued stock. Can’t see any reason why price level should not command certain premium over NTA per share, which currently stands around RM1.60 per share (30 Sep 2018).
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2018-10-09 16:33 | Report Abuse
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.
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2018-08-17 21:34 | Report Abuse
LA conversion ratio is 10.99 LA to 1 share.
Stock: [AMBANK]: AMMB HOLDINGS BHD
2021-03-01 11:28 | Report Abuse
HLIB Research : “ According to The Edge Weekly, the RM2.83bn was arrived at, based on a penalty of c.5x the RM600m profit generated from the quick flipping of 1MDB bonds”