bs talk ckwan11d!!dont criticise those analysis are baseless.substantiate ur allegations before open ur mouth.do u read and study aeoncr balance sheet???i know an ah pek made more money from stockmarket than me.this ah pek speak broken english!!!
I said some (just a small fraction of them). Of course not all sheep are black. The late Mr Choong Khuat Hock was superb. Besides, Dr Neoh Soon Kean was quite well-known in this field. Their research works were very excellent most of the time.
Again, a thousand apologies to you. Just ignore me... It does not worth your anger.
To ckwan11d. Very good indeed.When one makes a mistake and gets reprimanded, the person will take on a defensive position. But you have apologised couple of times on this forum.Very few people will actually do it. When one apologises for his mistake, it makes him a better person. We all make mistakes and it is important to appreciate those who point it out. More important for us to admit that mistake and apologise. I am also learning from you. Thank you.
To ckwan11d, the only meaning of BS talks are spoken by people who tell you their BS talks! Not all "apek" makes money, a lot of them wasted money on women and alcohol, especially it is not their brain that is growing but their little brothers and bola to talk big. Don't need to be afraid of mad or lunatic people who like to say BS and BS all the time! All his writings on i3 contain the BS or his BS insignia. What a lunatic world his BS mind and BS Balls must be!!! Ha!Ha!Ha!
For Aeoncr so far is so good! pe ratio is around 10 at RM$13.50. Non-performing loan provision is 2% and its net profit margin is about 6%. Even if it is going to lose all its non-performing loan, the company will not go bankrupt. Furthermore, Aeon the retailer is expanding its locations in Malaysia which will see this company benefiting in the future years to come. It has no capital commitment and interest rate rise will also be in the company's favor. Right now I don't see so much a problem. I don't think a lot of consumers who use Aeoncr credit cards want to default on payments because it means they are defaulting on their future grocery purchases or daily commuting vehicles (car loans)! So, business for Aeoncr in my opinion is not so bad right now even though the general consumer market in Malaysia maybe affected by gst implementation (but then people still need to eat, buy furnitures, drive a car and so on that is why I am not so concern anyway!).
CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR THE THIRD QUARTER ENDED 20 NOVEMBER 2014 Unaudited
TOTAL ASSETS 4,615,183,000. Allowance for impairment losses 167,601,000 Profit before taxation 204,020 after deducting operating expenses and finance cost.
The NPL ratio is 167/4615*100=3.61% The Net Profit ratio by adding back the NPL=371/4615*100=8.03% This implies that it has a net asset utilization ratio of 4.42% Total comprehensive income after tax for the period is 142,559,000 The Final Net Profit ratio is 142/4615*100=3.07% (for 9 months) For a financial institution, I believe Warren Buffett said, as long as the net profit ratio with respect to the total asset value is more than 1%, this is acceptable! Even for HL Bank in 2014 annual report:
Net Profit after tax is RM2,102 million for the whole 1 year Total Assets is RM170.4 billion at the year of financial year The Final Net Profit Ratio is 2101/170400*100=1.23% (for 1 whole year)
Comparing Aeoncr with HL Bank (with 1.23%), Aeoncr (3.07%) is a better company in terms of profitability!!!!! But nobody is downgrading HL Bank financial standing but Aeoncr, you see how the world is so unfair sometimes!
GST effect! The price has to take a break because of future uncertainty and is less concern about the quality of this company. Rising inflation is good for credit card company actually, less people have cash, that is why they need to apply credit card to make payments to make themselves happy just like what GAB guiness stout is making people more happy that is why the price go up to RM14/=. This is a future benefit company due to rising interest rate and rising inflation rate!
The Company had changed the financial year end from 20 Feb to 28 Feb. The deadline for the release of financial report for Q4 (and for the year ended 28 Feb 2015) is 30 Apr 2015.
Personally I think the result would be out around 24 Apr 2015...
Aeon Cr just declared a div of 29.6sen. This is an improvement over last yrs final div of 24 sen. Hopefully the co. will keep increasing its div and follow it with a bonus issue soon
With consumers squeezed by GST, High Inflationary pressure due to Crashed Ringgit The NPL of AeonCrashing will only go up and the share price crash down
Better sell AeonCrashing now before it breaks Rm10 support!
AeonCredit is lending money. Expecting payment and profit from consumer borrowing. But there is a problem like Greece now.
Greece?
In Greece many Foreign Banks have given Credit to Greece Banks. Now These Foreign Lenders are in trouble Because Greece Cannot Pay Back even the principal - much less the interest charged.
So these Foreign Banks will Suffer.
What has it got to do with AeonCredit?
Similar story. With people bogged down by GST, high inflation due to crashed ringgit against all imported goods and falling stock market - more & more people will default in payment to AeonCredit.
So Just Like Foreign Banks who lent to profilgate Greeks AeonCredit will suffer the same fate from impoverished Malaysians.
aeoncr price had been dropped about rm2-3,I already made topping up the share during that time due to I got confidence their management,their unique of business modal.If aeoncr is look alike Greek,I think this is not just aeoncr in trouble during that time.it might be whole Malaysia problem.If you think our fix deposit is safe but there is negative interest that can be earned due to high inflation,Our GDP has been growing in certain rate 4-5 percent annually although our national debt is high.I think there is nothing wrong accumulate good counter during the bad times due to their valuation is reasonable or appeared cheap.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SixSigma
24 posts
Posted by SixSigma > 2014-12-24 10:26 | Report Abuse
Or I should say buy more and follow analyst report & our different ways to analyse stock... Going up already, or very soon.