Posted by lsv1977final > 2014-08-28 12:57 | Report Abuse

Long term investment. If it really go down to 15, is an opportunity also. Will buy more. 20/09, RM0.30 dividend

Posted by mcloh > 2014-08-28 13:07 | Report Abuse

a really good buy if below 15..

Posted by genexern > 2014-08-28 14:09 | Report Abuse

yup, let us shopping @ ±15.00.
all in+margin

Posted by Kevin Gibb > 2014-09-09 13:44 | Report Abuse

May Aeoncr continue to rebound / uptrend as another record high revenue & return to be announced around 20-9-14 in line with Aeon's high revenue announced recently?

Posted by pputeh > 2014-09-11 09:45 | Report Abuse

Thanks Kevin for yr posting. Am waiting for the Q report and div that will be announced. Hopeful there would be some other sweetners to add. Regards Kevin

Posted by Patrick Ngian > 2014-09-12 13:45 | Report Abuse

last year they announced quarterly report on 18 Oct 2013 and dividend announced on 28 Nov 2013.

Posted by Kevin Gibb > 2014-09-17 14:00 | Report Abuse

The financial results were released around 20 Sept in the past many years except in 2013, it was released one month late due to the decision on CAR matter with announcement of issuance of perpetual bonds. Logically, the financial result should be released as usual time according to the standard Aeoncr’s timing. Hope this info helps.

Posted by Patrick Ngian > 2014-09-17 21:16 | Report Abuse

IC. thanks

Posted by genexern > 2014-09-18 09:34 | Report Abuse

huge seller. looks like another killing spree.

Posted by brendonyeap > 2014-09-18 18:06 | Report Abuse

Net profit up 10%, announced 27.4 sen dividend to be paid Oct 1st

Posted by genexern > 2014-09-18 19:36 | Report Abuse

up 10% yoy, but drop 16% qoq.
quite disappointing indeed.

Posted by Patrick Ngian > 2014-09-18 20:55 | Report Abuse

hope tmr will drop..

Posted by pputeh > 2014-09-18 21:13 | Report Abuse

genexern, not disappointing to me though. I am happy with their results. In fact in the same Q last yr they paid 22.3sen as div and now 27.4sen. Pl read more here http://www.theedgemalaysia.com/business-news/307980-update-aeon-credit-2q-profit-up-10-to-rm4743-mil-declares-274-sen-dividend.html

Posted by news > 2014-09-18 22:12 | Report Abuse

interesting to see next qtr's results if it is able to sustain EPS above 34c.

Posted by JosephiNe ChoNg > 2014-09-19 06:18 | Report Abuse

Now Aeoncr seems expend to higher risk market. Coz impairment lost is higher than last few years. But still manageable. Current CEO mentioned about new business plan. I wonder what is it. Hope it will be a growth catalyst.

Posted by VIWizard > 2014-09-19 08:39 | Report Abuse

dividend of 27.40 sen per ordinary share of RM0.50 means how much i get if i have 1000units?

Posted by Patrick Ngian > 2014-09-19 09:03 | Report Abuse

just 0.274 * 1000 = 274

Posted by VIWizard > 2014-09-19 09:06 | Report Abuse

ok thx ^^

Posted by genexern > 2014-09-19 09:07 | Report Abuse

this quarterly result clearly disappointing the investors

Posted by Patrick Ngian > 2014-09-19 09:44 | Report Abuse

1.6 eps? currently last twelve month eps only 1.35.. so i don't think so. maybe give them 1 more year should be achievable.

Posted by genexern > 2014-09-19 11:40 | Report Abuse

good buy @ 15

Posted by lsv1977final > 2014-09-19 12:49 | Report Abuse

Stong share. Bad new, mean opportunity. Buy while still have chance

Posted by Patrick Ngian > 2014-09-19 13:29 | Report Abuse

i think mainly because their asset deteriorated NPL dropped to 2.65% , ie Rm 100 loan issued RM 2.65 will be defaulted, and RHB downgraded from buy call to neutral lower target price to RM 18

Posted by Patrick Ngian > 2014-09-19 13:31 | Report Abuse

http://www.theedgemalaysia.com/b ... y-rhb-research.html

Posted by kkteng70 > 2014-09-19 13:40 | Report Abuse

Is double digit growth in all segments..

Posted by mcloh > 2014-09-19 14:39 | Report Abuse

I think NPL 2.65% is considered as high risk to most analysts and it's one of the highest among local financial institutions..

Posted by Patrick Ngian > 2014-09-19 14:55 | Report Abuse

if you have faith in aeon credit 30 years lending experiences , then it shouldn't worry you much. http://www.aeonfinancial.co.jp/eng/corp/history/

Posted by AC Gan > 2014-09-19 16:10 | Report Abuse

Price correction..? or " Buy on Rumours & Sell on Good News..?"
http://biz.sinchew.com.my/marketsummary?c=c3&code=5139

Posted by pushparaj > 2014-09-20 20:26 | Report Abuse

with double digit growth in all segments,the prospects are there for tp 18

Posted by JosephiNe ChoNg > 2014-09-20 22:19 | Report Abuse

Will buy more if price drop to 14

Posted by speakup > 2014-09-20 22:33 | Report Abuse

Good company, a price correction is opportunity to buy.

Posted by Patrick Ngian > 2014-09-22 10:35 | Report Abuse

drop agian

Posted by Chua Yoke Lian > 2014-09-22 11:45 | Report Abuse

this is just seasonal profit down a little,2015 $1.50 earning per share still can be achieve,this is a very good company.

Posted by Patrick Ngian > 2014-09-22 12:07 | Report Abuse

AEON is expanding their Biz to index living mall (furniture mall like ikea) . i think there will be some synergy for AEON credit from the expansion.

Posted by Patrick Ngian > 2014-09-22 15:07 | Report Abuse

lol.bursa's largest drop for 2 days

Posted by ketupatlazat > 2014-09-22 15:56 | Report Abuse

higher NPL due to raya festive season. It will stabilise back. No worries guys. haiyaa

Posted by mcloh > 2014-09-22 16:19 | Report Abuse

because spent on festival purchase so no $$ to pay loan?

Posted by Kevin Gibb > 2014-09-22 16:23 | Report Abuse

Despite lacklustre net profit growth of 10%, its revenue still grows impressively at 28%. This shows that its business expansion is still very much intact, not affected by Bank Negara credit tightening. So what actually caused its profit growth to slump from 31% to just 10% ? In fact, it is due to a big provision of Rm28mil for impairment loss :-an amount set aside to standby for borrowers defaulting loan as required by accounting laws even though the borrowers have not actually defaulted the loans yet.

The provision for impairment loss under the latest accounting standard FRS 130 is something like this : If a borrower forgets to pay 1 monthly instalment, it is deemed that he has defaulted 25% of the loan, so the accounting law requires that provision be made for 25% of that loan. If the borrower fails to pay 2 instalments consecutively, then provision must go up to 50%. If the borrows fails to pay 3 instalments consecutively(aka 90days delinquency), it is deemed that that borrower has defaulted 100% on the loan, so provision must go up to 100%. Of course, if borrower resume paying instalment, there will be "write-back" in the following quarter. Provision or "write-off" will decrease the net profit of that particular quarter, whereas "write-back" will increase the net profit. I like such conservative accounting because it is based on actual occurrence (borrower defaults on paying loan instalment) and all these figures are very real. Of course, the accountants and auditors will have to do more works, but their additional works benefit us (the shareholders) tremendously.

The deterioration of loan quality was also picked up by its gross impaired loan ratio increased from 2.18% to 2.65%. Not to worry, 2.65% is still very healthy! By comparison, CIMB is at 3.2%.

Full confidence shall be given in Aeon Credit's prudent credit control. The current big provision would be a one-time event and would not be repeated in the future. Trust Aeon Credit as it has 100 years of successful credit management experience in Japan !

Accompanying this profit announcement, Aeon Credit has also declared a commendable mid-year dividend of Rm0.274/share. If we annualise it , the full year dividend will be Rm0.55/share, giving a yield of 3.3%.

Be wiseful when you sell.

Posted by JT Yeo > 2014-09-23 08:21 | Report Abuse

Not to worry but of course don't ignore what is happening. I bought it at 15.30 back in June because I think paying 10-11x for a great management/company is a fair price considering the profit margin and ROE, compare to paying 20-30x for a plantation company.

Although financial/banking companies are harder to measure the quality of their assets, just like banks in US before GFC, probably hard to know which bank has 'toxic derivatives' and how much in their balance sheet. That's why still have to keep an eye on the NPL ratio. But until there is more indication that something is very wrong and needed correction, in the long run, Aeon Credit will still perform well and has plenty of room to grow in Malaysia given their small market cap compare to others like MBSB or banks.

Posted by Patrick Ngian > 2014-09-23 09:54 | Report Abuse

may hit 14.. then it's time to accumulate more. strong selling momentum now...

Posted by pushparaj > 2014-09-23 15:46 | Report Abuse

THANKS KEVIN GIBB.THE EXPLANATION GIVEN WOULD BE VERY USEFUL TO US.

Posted by genexern > 2014-09-24 09:20 | Report Abuse

I am still waiting at 15.. wish us all good luck to grab it at this price today.

Posted by Patrick Ngian > 2014-09-24 16:05 | Report Abuse

maybe tmr it can reach 15

Posted by kkteng70 > 2014-09-24 16:29 | Report Abuse

mostly ever one worry about NLP, which if you refer to most of the banking every one NPL has increase.

Posted by genexern > 2014-09-25 10:18 | Report Abuse

please dont rebound yet, let us buy at 15 first...

Posted by Patrick Ngian > 2014-09-25 10:41 | Report Abuse

downtrend weaken now.. no sign of rebound yet , maybe side swing at tight range

Posted by Kevin Gibb > 2014-09-29 10:19 | Report Abuse

agreed with pjflower. last week was just a series of sentimental selling which should have come to the end now.

Posted by pushparaj > 2014-09-29 17:29 | Report Abuse

the weak sentiments are over. now time to rebound

Posted by Patrick Ngian > 2014-10-10 12:43 | Report Abuse

drop drop drop :)

Posted by Patrick Ngian > 2014-10-13 16:01 | Report Abuse

with the recent budget announcement ,gst and petro's price increased. the lower income group are the ppl who will suffer the most. And the revenue of Aeon credit mostly come from the group. i think that's y explain the free fall now.