AEON's retailing segment is really rebounding.
9M 30Sep2017 - Rev RM2.5577bil; Profit RM2.670m
9M 30Sep2018 - Rev RM2.7327bil; Profit RM16.608m

EPF actually have a net increase in shares in AEON since 9th May 2018.
To be exact, it's a net increase of 3.44 million shares or from 9.84% to 10.08% interest.

Date of notice, 16th May : http://www.bursamalaysia.com/market/listed-companies/company-announcements/5794729
Date of notice, 28th June : http://www.bursamalaysia.com/market/listed-companies/company-announcements/5842933

Aberdeen disposing due to overall sentiment of international funds on Malaysia's market.
While Parkson on the other hand is not being held by either EPF or any international funds. Whether is it because Parkson is not attractive to those funds? I will leave it for you to decide.

Posted by Money > May 31, 2018 12:18 AM | Report Abuse
Parkson good than aeon ???

A little breakdown on Parkson's revenue per country per day (from its QR 31 March)
For M'sia operation of 45 stores, they made a revenue of RM773.16 mil in the financial year-to-date (i.e. 1 July 2017 till 31 March 2018 - 274 days).
Revenue:
Per store = RM17.18 mil (per day = RM62,706)
Per day = RM2.82 mil

China, 45 stores, Revenue RM2,046.16 mil
Per store = RM45.47 mil (per day = RM165,950)
Per day = RM7.47 mil

Indonesia, 16 stores, Revenue RM117.29 mil
Per store = RM7.33 mil (per day = RM26,754)
Per day = RM428,062

Vietnam (7 stores) & Myanmar (1 store), Revenue RM65.25 mil
Per store = RM9.32 mil (per day = RM34,021)
Per day = RM238,150

Do check out page 7 of Parkson's QR. They are making a loss in all markets except China. China generated a profit of RM87.2 mil on the back of RM2.046 bil revenue. Malaysia, Vietnam, Myanmar and Indonesia are all making losses.

Gov't ends services of MyEG, two other Immigration Dept vendors
https://www.malaysiakini.com/news/427910

Operating Profit Margin
AEON (RM60.429mil/RM1,114.285mil) 5.42%
Parkson (RM34.254mil/RM2,975.539mil) 1.15%

PAT Margin
AEON (RM27.942mil/RM1,114.285mil) 2.51%
Parkson (RM2.811mil/RM2,975.539mil) 0.09%

Malaysia's Aeon Co Plans To Open Kuching Mall Early 2Q, Aims 1-3 MaxValu Outlets This Year

KUALA LUMPUR (Feb 02) -- Malaysian retailer Aeon Co. (M) plans to open Aeon Mall Kuching, its first retail mall in Sarawak state by early second quarter, its executive director said Friday.

"We are planning to open one to three more MaxValu outlets this year," Poh Ying Loo said at a news conference. Each outlet should cost the company about 5 million ringgit ($1.3 million), he said.

Earlier Friday, the company today opened the third MaxValu store in Bangsar South in Kuala Lumpur, which Poh expects to attract 15,000 to 20,000 shoppers a week.

source: https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-s-Aeon-Co-Plans-To-Open-Kuching-Mall-Early-2Q-Aims-1-3-MaxValu-Outlets-This-Year

Aeon Malaysia, honestbee sign MoU

KUALA LUMPUR (Jan 25): Aeon Co (M) Bhd (Aeon Malaysia) and honestbee signed a memorandum of understanding to form a business alliance that aims to tap consumers' demand for home grocery delivery service.

Retailer Aeon Malaysia said in a statement today the alliance with online concierge and delivery specialist honestbee will enable both parties to develop new services that match rapidly-changing customer demand.

"The collaboration stems from the growing trend of online purchase pattern and a desire to innovate its offering to enhance value for Malaysians," Aeon Malaysia said.

Aeon Malaysia managing director Shinobu Washizawa said in the statement: "We are proud to launch this new service at our flagship store, Aeon Mid Valley. We will closely monitor the feedback and demands from our customers, and consider to expand this service both in terms of regional and in merchandise offering. I am delighted to share that Aeon Co (M) Bhd will have more of such innovations in the pipeline."

source: http://www.theedgemarkets.com/article/aeon-malaysia-honestbee-sign-mou

@tan lucy there are numerous reasons/factors why owners divest their interest in businesses. They could be divesting their interest in order for a new owner who has enough financial muscles and operational scale to bring the company up to the next level. Something that the current owners might feel that they are unable to provide the company with.

In Century Logistics' case, I would think that's the case. And do you think that the buyers i.e. CJ Korea Express did not perform their own research of the market and also done a due diligence exercise before deciding to buy.

@Zenithopia usually 1Q qr is after the AGM which just ended today. So should be end of today or tomorrow

@Tan Cheng Poh - whether PM or LKH can kautim China, we'll have to see on Monday

Looks like Lim and his IWH has gone out of PM's favour.

"As reported by The Malaysian Insight, the Ministry of Finance (MoF) has moved to withdraw all the incentives it gave Danga Bay, the waterfront development controlled by the self-made businessman.

Also in the pipeline are a review of his projects with the government‎."

"As it stands, there appears to be no chance of the consortium getting a second chance with Bandar Malaysia.‎"

Source: https://www.themalaysianinsight.com/s/2878/

^^ may be the reason for the panic selling

Bandar Malaysia deal lapses, Putrajaya seeks new developer

AMBITIOUS plans to develop Malaysia's largest property showcase and at the same time pare down the debt of 1Malaysia Development Bhd (1MDB) have come unstuck.

Putrajaya today announced it was seeking fresh investors for Bandar Malaysia after the IWH-CREC Sdn Bhd consortium failed to pay RM7.42 billion for a 60% stake despite numerous extensions from December 2015.

The last extension expired on Sunday, April 30, said Putrajaya's TRX City Sdn Bhd, which is the Ministry of Finance company that took over Bandar Malaysia from the debt-laden 1MDB.

The Malaysian Insight understands the termination now allows Putrajaya to seek other deals at current prices rather than 2015 prices, and go towards clearing 1MDB's debts and protecting national interests through full ownership of the property.


"TRX City Sdn Bhd would like to announce that the Share Sale Agreement (SSA) entered into on 31 December 2015 with Iskandar Waterfront Holdings (IWH) and China Railway Engineering Cooperation (CREC) regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd has lapsed.

"While the agreement has undergone repeated extensions, IWH CREC could not meet the obligations outlined in the Conditions Precedent under the SSA during the stipulated deadlines. As a result, the share sale agreement between the parties stands null and void with immediate effect," TRX City said in a statement today.

Putrajaya's TRX City said its sole shareholder the Ministry of Finance will retain 100% ownership of the Bandar Malaysia site and will invite bids to be the new master developer.

"The selection process will involve very strict criteria, including track record, speed of delivery and financial capability for such large scale development. This is to enhance all aspects of Bandar Malaysia, including its role as a business, transport, residential and tourism hub.

"The steps taken today will ensure that there is no detrimental impact on the long-term development of Bandar Malaysia and that, upon its completion, the site will serve the national interest to an even greater extent than before," it added.

According the statement, Bandar Malaysia will be a catalyst for economic growth and national development. The biggest development site in Malaysia in a key strategic position, it will offer many business, investment and employment opportunities, including Kuala Lumpur Internet City, the hub for the new Digital Free Trade Zone.

It will also reiterated that Bandar Malaysia will be Malaysia’s transport nucleus, connecting the Kuala Lumpur-Singapore high-speed rail, MRT lines, KTM Komuter, Express Rail Link and 12 highways.

Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp Sdn Bhd signed the deal on December 31, 2015 with project owner 1Malaysia Development Bhd (1MDB) and was to complete it by June 2016 as the third and final rationalisation plan to settle 1MDB's outstanding debt.

1MDB had embarked on three-legged rationalisation plan that began in June 2015, beginning with a share swap deal with Abu Dhabi-based International Petroleum Investment Company (IPIC) and the sale of its energy assets Edra Global Energy Bhd to a Chinese firm in November 2015.

The share swap with IPIC ran into issues but has been settled last week in a London-based arbitration process.

Both the deals in 2015 was to cut 1MDB's debt by RM24 billion although critics said key national assets were being sold to foreigners when the Ministry of Finance-owned 1MDB was supposed to keep it in local hands.

In the Bandar Malaysia deal, the IWH-CREC consortium had valued the 486 acre land parcel at RM12.35 billion. IWH-CREC is a 60:40 joint venture between IWH and CREC with the Johor government owning 40% of IWH through Kumpulan Prasarana Rakyat Johor Sdn Bhd. – May 3, 2017.

Source: The Malaysian Insight, https://www.themalaysianinsight.com/s/2489/

FYI, of the 1.34 million ESOS exercised in 2016, he only disposed of 400k. Means he still held on to an additional 940k shares acquired through exercising ESOS. This is on top of the shares he already owned in the company.

So you are saying 'beware', hahaha...
If someone with such a huge shareholding were to exit, I don't think it will be through the open market.

Edwin Yeap exercised more than 1.3 million ESOS in the year 2016 (pg 48 of 2016 Annual Report), which constitute part of the Executive Director's remuneration package.
So his disposing of the shares is a normal course of transaction given that any person who receives ESOS will realised some of the shares bought at a cheap price, it being part of the remuneration package.

http://www.aeonretail.com.my/rockybasecamp/

"Mall opens indoor wall climbing area

AEON Co is aiming to provide a new dimension to the shopping experience at Aeon Mall Shah Alam with the launch of an indoor rock climbing arena, the Rocky BaseCamp (RBC).

Opened this month, the RBC at Lot T05 on Level 3 of the mall is a fun-filled fitness zone designed for people of all generation with no special skill or training.

“Users of this safe and secure 5,300sq ft indoor climbing centre will be guided and assisted by our well-trained and certified trainers,” said RBC consultant Mahdi Parsafarid.

Aeon Co executive director Poh Ying Loo said the company felt there was a need to adapt to the changes in Malaysians’ lifestyle.

“The year 2017 is a starting point for Aeon to stay relevant in the changing business environment and address consumer lifestyle demands,” he said.

“Consumers are opting for relaxed and experiential shopping, so this climbing camp gives them a whole new experience in shopping,” he added....

Read more at http://www.thestar.com.my/metro/community/2017/03/30/mall-opens-indoor-wall-climbing-area/#R0sVDHBd0dhk45Lk.99 "

@coupe QR should be released this Friday

@homey Parkson's Q2 results were so good because they completed the disposal of a subsidiary in China. That disposal recorded a Gain on Disposal of RM802m. In terms of operations, they made a loss of RM45.895m. Hopefully AEON's QR will look better than its peers.

Mohd Sanusi - The quarter report is for the 3 months ended 30 Sept 2016. The theme park was only opened like end of last month (ie revenue will only be reflected in Q4). Moreover, Aeon only owns 20% (if I'm not mistaken) in Aeon Fantasy Malaysia (owner of the indoor theme park in Aeon Tebrau City). So contribution fr the theme park will be minimal.