officially joined the aeoncr bandwagon :-) .... its gonna be a bumpy ride for sure, firstly looking forward to the 24c div on 4th of july, and thereon proper valuation for this 9x PER valued gem. Digital bank loss targeted for the year is RM160-170m.... of whioch aeoncr owns 50% therefore 80-85m a year or 20-21m loss a year, which is reasonable considering they are targeting at least 10% increased in receivable financing.... happy hunting :-) guys
1st Qtr 31 May 2024 Results Total transaction and financing volume in the current quarter of RM1.975 billion was higher by 7.8% as compared to preceding year corresponding quarter. The Group recorded a total revenue of RM522.259 million, which was higher by 15.4% as compared to the preceding year corresponding quarter mainly attributable to stronger loan and financing growth. The Group has equity accounted for its proportionate share of losses in AEON Bank (M) Berhad during the quarter amounting to RM11.594 million. Profit before tax (“PBT”) for the current quarter of RM144.825 million increased by 9.8% as compared to the preceding year corresponding quarter. PBT for the current quarter was recorded at RM144.825 million, a decrease of 10.9% compared to RM162.595 million in the immediate preceding quarter. The lower PBT was mainly due to the higher impairment losses on financing receivables of RM163.457 million as compared to RM113.984 million recorded in the immediate preceding quarter. Good results :-)
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....
cindywang
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Posted by cindywang > 2024-01-23 08:22 | Report Abuse
Aeon bank