The acquisition, expected to be completed in October, will allow AEON Credit to distribute commercial and personal insurance products, including life insurance, by leveraging the AEON group retail network and ecosystem.
U.S. Bank Stocks Surge Toward Best Year Since 1997 on Fed Shift By Matt Turner Updated on 28 September 2021, 05:17 GMT+9 Sooner rate hikes would be a boost to banks’ lending revenue Rally extends Monday, driving index to 37% gain this year
Resistant to stagnation and interest rate hikes. Deferral of rate hikes is unlikely as the Fed has no more tools to solve the underlying tools. According to our models, our conservative price target is RM18. On a more risk-on mode, Aeon Credit deserves a higher valuation at RM30
Company is hiring a lot of Digitalization roles and Data Scientists. Business is going well and we anticipate a better earnings guidance for the next quarter. Still a strong buy even at RM13.68
Market does not realise yet. Hongseng is a new and upcoming consumer lending company. Whereas Aeon Credit is a long time industry player within this sector. If US raises interest rate, Malaysia will follow. Then consumer loans demand will come back. Earnings will then follow.
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blackchicken
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Posted by blackchicken > 2021-09-28 18:50 | Report Abuse
https://www.theedgemarkets.com/article/aeon-credit-gets-approval-bnm-insurance-broker-acquisition