Posted by Hahaqwe > 2020-05-09 20:41 | Report Abuse

You wont get this price again for next 10 years. Unless a big crisis coming. Why don't collect? Since all foreign fund sold.. Now it's consolidating period. Look at RCECAP even go historical high in 52 weeks. This stock potential gain over 40%! Just hold for long-term.

Posted by Foker > 2020-05-12 14:01 | Report Abuse

Market don't recognised its potential yey

Posted by ImFromTheFuture > 2020-05-12 14:11 | Report Abuse

agreed. parked some position already

Posted by David > 2020-05-29 17:52 | Report Abuse

Last I checked, the moratorium offered by AEONCR is 1 month.

*OUTLOOK AND PROSPECTS*
FYE2021 has begun with unexpected adversity brought on by
the COVID-19 pandemic and other factors. The emergence
of COVID-19 has signifi cantly altered the country’s economic,
business and operating landscape.
Nonetheless, the Company has responded proactively to
this crisis to protect customers and staff, while maintaining
business operations. The crisis has exacerbated existing
operating conditions, but it has also presented opportunities
for improvement.
COVID-19 has expedited the deployment and rollout of
the Company’s digitalisation efforts. It has necessitated a
more thorough assessment of present operations towards
increasing effi ciency and reducing costs. Equally important,
the present scenario has showcased the Board’s and
Management’s concern for the welfare of all AEON Credit
employees, with everyone being retained despite the
downsized operations occasioned by the ongoing Movement
Control Order (“MCO”).

Having mapped out the necessary strategies and
implementation plans, AEON Credit is ready to meet the
business challenges head on and propel itself into the future
with courage, determination and strength. The Company
is prepared to initiate changes to current business policies,
identify potential areas of growth and introduce new products
while looking to maximise successful ongoing business sectors

Posted by David > 2020-05-29 17:54 | Report Abuse

In FYE2020, AEON Credit registered various business and
non-financial highlights. This included revenue growth of
17.1% year-on-year to reach a new high of RM1,598.78
million. Profit after tax stood at RM292.05 million, a reduction
of 17.6%, attributed mainly to the increased Impairment Loss
of 46.0% compared to the previous year.

"attributed mainly to the increased Impairment Loss"

Posted by LA777 > 2020-06-03 15:32 | Report Abuse

Bought some today.

Posted by lazygrunts > 2020-06-03 15:33 | Report Abuse

why this stock suddenly going up?

Posted by LA777 > 2020-06-03 15:40 | Report Abuse

Bottom fishing now, good to keep.

Posted by LA777 > 2020-06-04 08:05 | Report Abuse

1st TP 12.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2020-06-04 12:47 |

Post removed.Why?

Posted by shareprofit > 2020-06-04 13:15 | Report Abuse

if current RCE price is higher than before covid, AEONCR price will have a lot of catching up and going up....sit tight

Posted by Davedeli > 2020-06-04 16:56 | Report Abuse

I think its because RCE's PE is 30% lower then RCE. So I think RCE have to catch up to AEONCR's PER. AEONCR's price have already priced in the potential growth, but it has been disrupted by covid19 and the low interest.

I'm not sure whether AEONCR can enjoy lower cost of funds from the lowest interest rates.

Posted by Davedeli > 2020-06-04 16:57 | Report Abuse

It'll drop back to the RM9.00 consolidation range.

Posted by AlfI3 > 2020-06-04 23:05 | Report Abuse

RM9 wud b its comfort zone after d recent 50 basis OPR declines?

Many banks profit had been severely distorted by this contineous OPR down turns

Posted by Davedeli > 2020-06-05 08:52 | Report Abuse

Well, that's what it seems....
Not sure why other finance counter like HLFG and RHB has recovered to it pre-covid price though..

Posted by cucubud > 2020-06-17 10:07 | Report Abuse

Dividend announced is not attractive enough?

Posted by EatCoconutCanWin > 2020-06-25 17:46 | Report Abuse

bank in trouble. better stay away.

Posted by ivanlau > 2020-06-25 20:06 | Report Abuse

consider good QR result during mco period ........ the current share price already reflect it , coming Qr will back to normal ...........

Posted by memorylane > 2020-06-25 20:42 | Report Abuse

March - May 2020 report.. this quarter already covered the worse during MCO period... catch the falling price tomorrow before it rebounce back end of the day....

Posted by Collect > 2020-06-26 19:18 | Report Abuse

Agreed, result is decent for Mar-May, suprisingly fast for management to release

Posted by tradetoinvest > 2020-06-26 22:06 | Report Abuse

Expect to come down to rm9. Perhaps after 17.07.

Posted by Juniper > 2020-06-30 08:49 | Report Abuse

Tomorrow x-date, hopefully can go above RM10.00 today

Posted by junnian0814 > 2020-06-30 12:47 | Report Abuse

looks like a little bit hard

Posted by Juniper > 2020-07-07 11:36 | Report Abuse

From the edge this morning, Affin Hwang Capital Research has reaffirmed its "buy" call for AEON Credit Service (M) Bhd at RM9.51, with a higher target price (TP) of RM12.70 (from RM12.30), based on an unchanged price/earnings (P/E) target of 13 times estimated calendar year 2021 (CY21E) earnings per share of 97.9 sen.

Posted by malva > 2020-07-08 08:51 | Report Abuse

Affin Hwang Capital Research has reaffirmed its "buy" call for AEON Credit Service (M) Bhd at RM9.51, with a higher target price (TP) of RM12.70 (from RM12.30), based on an unchanged price/earnings (P/E) target of 13 times estimated calendar year 2021 (CY21E) earnings per share of 97.9 sen

Posted by malva > 2020-07-08 08:51 | Report Abuse

remain upbeat on AEON Credit given its value-chain transformation initiatives, new products and market diversification through its B2C2B (business-to-consumer-to-business) model, which are game changers in this digital age in reaching out to more customers,

Posted by malva > 2020-07-08 08:52 | Report Abuse

The research house said AEON Credit reported poor results for the first quarter ended May 31, 2020 (1QFY21), with net profit declining by 68.5% year-on-year (y-o-y) and 67.2% quarter-on-quarter (q-o-q), largely due to a higher impairment loss on receivables

Posted by malva > 2020-07-08 08:52 | Report Abuse

recent discussion with management on the outlook for 2QFY21, we learnt that credit collection initiatives post the moratorium period in April-May 2020 had yielded better results.

Posted by malva > 2020-07-08 08:52 | Report Abuse

net credit cost in FY21 is expected to remain elevated as we expect a potential rise in AEON Credit’s gross non-performing loan (NPL) level,

Posted by malva > 2020-07-08 08:52 | Report Abuse

research firm revised down its FY21 net earnings forecast for AEON Credit by 14% as it adjusted net credit cost higher to 412 basis points (bps), from 353bps, and simultaneously revised up interest expense by 20% owing to an increased debt level

Posted by malva > 2020-07-08 08:52 | Report Abuse

tweaked receivables growth to -3.6% y-o-y for FY21E from -4% due to a positive growth of 1.2% q-o-q in 1QFY21.

Posted by malva > 2020-07-08 08:52 | Report Abuse

for FY22E, we raise our earnings forecast by 6.3% as we account for a lower net credit cost of 304bps (from 334bps). We expect AEON Credit’s gross non-performing loan ratio to ease from a projected 2.3% in FY21E to 1.9% in FY22E,

Posted by malva > 2020-07-08 08:53 | Report Abuse

On a more positive note, the research firm said AEON Credit had stepped up collection initiatives from delinquent borrowers after the moratorium period (April to May 2020) came to an end

Posted by malva > 2020-07-08 08:53 | Report Abuse

Key downside risks are a rising unemployment rate and increased defaults.

Posted by gongkia > 2020-07-08 13:04 | Report Abuse

f&&ck the research firm, else we would all be rich listen to them.

Posted by remus > 2020-07-14 22:50 | Report Abuse

https://www.theedgemarkets.com/article/aeon-big-subang-hq-sealed-after-failing-pay-rm140m-judgment-sum

Hypermarket is not doing so well nowadays, if AEON close one by one, there will be less customers, and less channel to cross sell AEONCR credit card, loan services ... ? the long term growth prospect will be limited ?

Posted by Stockiss > 2020-07-15 05:10 | Report Abuse

All retail business are affected big time, facing the biggest slump in history with no recovery in near term. If it is bad now, it would get worse after Sept when consumer loan like housing, car & personal loan installment resume. Lots of related counter will go down with it.

Posted by junnian0814 > 2020-07-15 15:46 | Report Abuse

Stockiss, for aeon credit is different from banking, their loan collection is still going on. they give 1 month loan collection free during mco only. Sept starting to continue that is for banking.

Posted by ivanlau > 2020-07-27 19:33 | Report Abuse

from rm 17 drop till 9.25, business still intact, super undervalue stock , good for long term investment .........

Posted by awong3632 > 2020-07-28 10:00 | Report Abuse

股价不会涨，烂公司

Posted by Juniper > 2020-08-03 11:18 | Report Abuse

Looks like going below 9.

Posted by AlexZai > 2020-08-08 17:16 | Report Abuse

Down down... kutip at rm 5

Posted by Good123 > 2020-08-11 09:44 | Report Abuse

AEONCR Shareholding Changes

Date of changeSharesDirector/
Substantial Shareholder20 May 2020Acquired
26,300Aberdeen Asset Management Plc20 May 2020Acquired
26,300Standard Life Aberdeen Plc (refer To Remarks)19 May 2020Acquired
73,700Aberdeen Asset Management Plc19 May 2020Acquired
73,700Standard Life Aberdeen Plc (refer To Remarks)18 May 2020Acquired
6,014,543Aberdeen Asset Management Plc18 May 2020Acquired
6,014,543Standard Life Aberdeen Plc (refer To Remarks)

Posted by Good123 > 2020-08-11 09:46 | Report Abuse

good Our preferred stock pick is Aeon Credit (ACSM MK, BUY, TP RM12.70 based on 13x CY21E EPS). We believe that there is a value proposition in Aeon Credit as we look to a recovery year in FY22E, with receivables growth of 9% yoy (vs. -3% yoy in FY21E) and a lower net credit cost of 304bps (vs. 358bps in FY21E). AEON Credit remains a key player in consumer financing through credit cards, personal financing, motorcycle financing and used-car financing. Its 'value-chain transformation project' comprises: i) online loan applications/ approvals; ii) a B2C2B digital marketing strategy; iii) the use of AI in its credit assessment model; and iv) process automation to help boost top-line growth and enhance operating efficiency. Aeon Credit's high ROE of 15.8% in FY22E is underpinned by the use of leverage and ability to generate an EIR at 16-17%, vs. traditional banking players at 5%.

Source: Affin Hwang Research - 24 Jul 2020

Posted by Good123 > 2020-08-11 09:48 | Report Abuse

irresistible :) AEONCR Latest Headline

07 JulAffin Hwang Capital raises target price for AEON Credit to RM12.70

Posted by Good123 > 2020-08-11 10:25 | Report Abuse

upside potential is very high. no wonder takda funds Jual. add pulak ada

Posted by Victor Yong > 2020-08-11 11:52 | Report Abuse

A good or potential one :)


ANCR Historical Data
Time Frame:

Monthly
08/22/2018 - 08/11/2020

Date Price Open High Low Vol. Change %
Aug 20 8.78 9.16 9.16 8.75 121.00K -4.57%
Jul 20 9.20 9.50 9.89 9.14 3.39M -3.26%
Jun 20 9.51 9.00 10.60 8.95 5.89M 5.90%
May 20 8.98 9.09 9.40 8.80 5.13M -1.43%
Apr 20 9.11 8.41 10.70 8.33 10.65M 8.45%
Mar 20 8.40 13.80 14.00 7.70 6.50M -39.13%
Feb 20 13.80 12.90 14.38 12.66 3.67M 6.32%
Jan 20 12.98 14.14 14.22 12.84 4.70M -8.20%
Dec 19 14.14 14.90 15.06 14.14 2.62M -3.94%
Nov 19 14.72 15.26 15.50 14.66 2.57M -3.79%
Oct 19 15.30 14.60 16.40 14.58 2.16M 4.94%
Sep 19 14.58 15.00 15.30 14.00 1.31M -2.80%
Aug 19 15.00 16.50 16.54 14.70 3.83M -9.31%
Jul 19 16.54 16.70 17.00 16.38 2.60M -1.55%
Jun 19 16.80 16.10 17.00 16.10 3.48M 4.35%
May 19 16.10 16.30 16.52 15.60 2.15M -1.23%
Apr 19 16.30 16.82 17.10 16.20 2.90M -2.98%
Mar 19 16.80 16.76 17.36 16.50 5.86M 1.57%
Feb 19 16.54 15.90 17.30 15.90 2.40M 3.63%
Jan 19 15.96 15.40 16.10 15.02 2.40M 4.31%
Dec 18 15.30 15.40 15.68 14.60 2.50M 0.66%
Nov 18 15.20 15.10 16.30 14.78 1.44M 0.66%
Oct 18 15.10 16.16 16.30 14.70 2.77M -6.21%
Sep 18 16.10 15.10 16.46 15.10 1.59M 6.62%
Highest: 17.36 Lowest: 7.70 Difference: 9.66 Average: 13.80 Change %: -41.85

Posted by Victor Yong > 2020-08-11 11:53 | Report Abuse

probably, after accumulating enough shares at current undervalued price, rebound will happen quickly. fingers crossed

Posted by Victor Yong > 2020-08-11 11:56 | Report Abuse

Aeon Credit remains an attractive alternative (to banks) financial play

Posted by Good123 > 2020-08-11 12:05 | Report Abuse

ya lah also alternative to malls like aeon play. 2 in 1 :)