Posted by dragon328 > 2024-05-17 11:59 | Report Abuse

Based on Q1 result, AEON registered operating cashflows (before working capital changes and capex) of RM133.3 million, annualised to RM533 million or 38 sen per share.

Setting aside say RM100-120 million for capex to renovate 3 shopping malls in FY2024, AEON will have free cashflows of RM420 million or 30 sen per share, which could well support a dividend payout of 12-15 sen.

At 7% free cashflow yield, AEON should be worth RM4.28 per share.
At 5% dividend yield, AEON should be worth RM2.40-3.00 per share.

Posted by mmk79 > 2024-05-17 12:20 | Report Abuse

RM1.50 coming

Posted by mmk79 > 2024-05-17 12:23 | Report Abuse

Wait for it to LIMIT UP today.

Posted by dragon328 > 2024-05-17 17:16 | Report Abuse

Good closing at RM1.40 today. With the strong close today, technical chart reading all turns positive.

The total trading volume of these 2 days is over 70 million, indicating that some funds have accumulated around 5% stakes in AEON just in 2 days.

Posted by Goldberg > 2024-05-17 22:20 | Report Abuse

We (TA Securities) came away from Aeon Co. (M) Berhad (Aeon)’s analyst briefing yesterday with the following key takeaways:

1. Retail Margin Improvement Expected Throughout FY24

2. Ongoing Refurbishment of 4 Malls/Stores.

3. Additional 11 Malls Equipped with Solar Photovoltaic (PV) is in the Pipeline

We have revised our FY24-26 earnings forecast upwards by 2.0% to 10.5%. Maintain Buy with a revised target price of RM1.68/share, based on DDM valuation (k: 7.1%; g: 3.0%) and rolled forward our base year to FY25.

Posted by edithcapital > 2024-05-18 09:09 | Report Abuse

https://www.tradingview.com/x/hy15Ztx8/
Weekly timeframe with 1.4 closing is a confirmation on the reversal on the downtrend. With some momentum it could push towards 1.52-1.57 at least

Posted by dragon328 > 2024-05-18 13:48 | Report Abuse

@Goldberg, can pm me the research report of TA on AEON please?

Posted by Goldberg > 2024-05-18 21:31 | Report Abuse

Here you go @Dragon

https://klse1.i3investor.com/servlets/staticfile/541608.jsp

Posted by Goldberg > 2024-05-19 13:04 | Report Abuse

Interesting facts about Aeon Co Malaysia Bhd.

AEON CO. (M) BHD is a leading retailer and one of the largest mall operator in Malaysia with revenue of RM 4.1 billion for the financial year ended 31 December 2023.

The AEON group of companies consist of :-

35 AEON General Merchandise Stores,
28 AEON Malls with 13.4 million sq ft of Net Lettable Area,
7 AEON MaxValu,
64 AEON Wellness Pharmacy and
44 DAISO stores.

Mr DIY its closest rival is trading at a PE of 30.4 times ....Mcap....RM17.6 billion
AEON is currently trading at a........... PE of 14.6 times.....Mcap....RM 1.9 billion

I feel Aeon is undervalued

Just my 2 cents.

Posted by dragon328 > 2024-05-19 17:04 | Report Abuse

Thanks Goldberg for the TA report.

TA analyst forecast EPS to reach 13 sen by 2026 and dividend payout of 7.0 sen for FY2026. I see that AEON's strong operating cashflows will be more than enough to support the dividend payout of 7 sen.

TA forecasts that AEON operating cashflows to be RM530 million in FY2025, minus out expected capex of RM250m, free cashflows may top RM280 million or 20 sen per share, easily supporting dividend payouts of 10 sen of more as AEON will become a net cash company by 2025.

Posted by dragon328 > 2024-05-19 17:05 | Report Abuse

@Rambutan9, below is the reply from Bursa on my complaint:

Dear Sir/Madam,

 

Thank you for your e-mail.

 

The Exchange closely monitors trading activities in counters traded in the marketplace. Our real-time monitoring and surveillance of the marketplace include (but are not limited to) analysis and examination into all trading activities influencing the price, volume and/or order-book positions of securities which will provide basis to establish irregularities/suspicious trading activities.

 

The Exchange will initiate the necessary action including market surveillance measures to ensure fair and orderly trading and/or referrals to the Securities Commissions should there any breach to the Business Rules and/or the CMSA 2007.

 

In the event of dispute, you are advised to seek clarification from your broker or refer the matter to SIDREC for arbitration.   

 

Thank you

Have a good day!

Our Ref : CAS-33081-R8N1D8

Posted by dragon328 > 2024-05-19 17:07 | Report Abuse

It was a general reply from Bursa, and I do not expect them to tell us exactly what they will do. I am hoping for Bursa to take stern action against CIMB in this case, unless there are more complaints filed against CIMB in the coming days.

I hope those of you who have bought AEON-C28 can make a complaint to Bursa as well tomorrow if CIMB continues to generate computer orders at a significant discount to the fair value of the call warrant.

Posted by Raymond Tiruchelvam > 2024-05-19 17:18 | Report Abuse

@Goldberg and @dragon328 .... how about AEON Credit? Are you guys covering this counter as well, and does it approximate the performance of AEON? But I realise AEON Cr is very thinly traded.... cannot go for big volumes.... your kind advice will be great.... :) peace

Posted by Goldberg > 2024-05-19 17:36 | Report Abuse

Hi @Raymond Tiruchelvam , Im unable to answer your question but I thought this article may catch your interest.


AEON Bank (M) Bhd.
--------------------
To start Islamic digital operations soon.

KUALA LUMPUR: AEON Bank (M) Bhd, one of the five digital banking licence holders in Malaysia, is set to start operations and launch its banking application by the end of the second quarter this year, says chief executive officer Raja Teh Maimunah Raja Abdul Aziz.

Malaysia’s first Islamic digital bank aims to attract mainly tech-savvy and Generation Z consumers as well as micro, small and medium enterprises (MSMEs) currently underserved due to their size, she said.

The bank will kick-start its operations by offering savings accounts and related transactions for individuals.

“We will (next) launch a minimal viable product, and as we progress, additional products and financing options will follow,” she told Bernama.

To ensure its application is user-friendly and can be accepted by consumers from all walks of life, AEON Bank has done its beta testing among the group’s employees, said Raja Teh Maimunah.

“Digitalisation is the way forward. More people have learned to use online banking (and) we should continue to push it, and at the same time, reduce the hard cash transaction,” she said.

As for the business segment, Raja Teh Maimunah said it will be launched by 2025.

AEON Bank aims to tap into the RM90bil funding gap between large corporations and micro, small and medium enterprises, she added.

“These could be businesses like TikTok or Instagram shops. That is our target segment and it aligns with our role in serving the underserved, which is our mandate.

“These businesses cannot access funding through traditional banks or borrowing methods as credit evaluation needs to be done differently.

“We have to look at different data sources, (the task) of which only a digital platform can do. So, by next year, we will address this gap,” she added.

The bank is working on implementing the Apple Pay feature, which is a digital payment system by Apple Inc, and plans to launch a debit card by the end of this year, according to Raja Teh Maimunah

https://www.thestar.com.my/business/business-news/2024/04/22/aeon-bank...

Posted by Raymond Tiruchelvam > 2024-05-19 18:04 | Report Abuse

Cheers @Goldberg ...thanks for the info. In the last Q they recorded small operating loss from the digital banking olerations about RM14m, I guess its still in the start-up stage.

But the last Q, AEONCR announced a 22.32c EPS (annual EPS of 119c), of which if 22.32c annualised at current price of 7.18 thats PER of 8x only !!! Huge potential cor increase considering 13 analyst price target of 11.70 ? hmmm... and this year div is 42.5c.... thats 6% yield..... am i getting this right?

Posted by Goldberg > 2024-05-19 19:27 | Report Abuse

@Raymond if you're into high yielding divvy stock, look no further -RHB Bank offers one of the best DY at 7.2% and high scope for cap appreciation- is high currently trading a book value 7.10 VS current MP of RM5.50. Fyi RHB is controlled by EPF -rock solid.

Posted by Raymond Tiruchelvam > 2024-05-19 20:06 | Report Abuse

thx @Goldberg yup rock solid indeed.... cheers

Posted by dragon328 > 2024-05-20 12:24 | Report Abuse

Ya it doesn't look like Bursa has taken any action against CIMB. C28 is still trading at a big discount.

Posted by dragon328 > 2024-05-20 12:27 | Report Abuse

Anyone here can just send an email to bursa2u@bursamalaysia.com to file a complaint.

When more people do so, it is more likely for Bursa to take some action against CIMB.

Posted by hong > 2024-05-20 12:30 | Report Abuse

Goldberg AEON is shopping mall
AEON BANK is not under this AEON shopping

Posted by hong > 2024-05-20 12:31 | Report Abuse

AEON BANK is digital bank under AEON CREDIT
AEON CREDIT will change name soon to AEON BANK

Posted by Goldberg > 2024-05-20 12:36 | Report Abuse

Thanks @hong for the information.

Posted by klee > 2024-05-20 13:12 | Report Abuse

aiyo cimb hor sim maaaa,mahu give chance to those who miss the boat...lol

Posted by klee > 2024-05-20 13:14 | Report Abuse

dragon ,give chance la hehe

Posted by klee > 2024-05-23 10:17 | Report Abuse

makan cukup..

Posted by goldenhope > 2024-05-23 14:58 | Report Abuse

Anyone join AGM today ? Any updates from the management ?

Posted by ismadi > 2024-06-01 12:30 | Report Abuse

https://fintechnews.my/44341/digital-banking-news-malaysia/aeon-bank-offers-unique-personalised-account-numbers-at-launch/

Posted by Jesse1314 > 2 months ago | Report Abuse

Hi people, can I know if there are any interesting developments for this counter?

Posted by dragon328 > 2 months ago |

Post removed.Why?

Posted by dragon328 > 2 months ago |

Post removed.Why?

Posted by dragon328 > 2 months ago | Report Abuse

HLIB issued the technical buy call on AEON on Tuesday morning when the share price was at RM1.38, those who followed the call would have made some money as the share price went up to a high of RM1.48 yesterday before profit taking set in.

Posted by dragon328 > 2 months ago | Report Abuse

Instead it was Maybank and RHB who issued late a technical buy call yesterday morning when the share price was at RM1.43, and they may have caused some of their clients losing money. That's the fact. Removing my posts will not conceal it.

Posted by dragon328 > 2 months ago | Report Abuse

The outlook for AEON is good and the technical chart looks good. But I do not know the reason for the share price rally from RM1.10 to 1.50, I know what you know, I don't know too much.

Posted by sunnyspoon > 2 months ago | Report Abuse

Something brewing, total value property asset Rm 10 billion

Posted by dragon328 > 1 month ago | Report Abuse

New high of RM1.51! So good...

Posted by aizzatt > 1 month ago | Report Abuse

when latest qr will be announce? any date?

Posted by fruitcake > 1 month ago | Report Abuse

RUN

Posted by fruitcake > 1 month ago | Report Abuse

due for correction

Posted by vinvin > 2 weeks ago | Report Abuse

Any good news friends?

Posted by dragon328 > 2 weeks ago | Report Abuse

AEON is boosted up today with the huge buying into 99 Speed Mart, along with MR DIY.

AEON remains one of the cheapest retails stocks in Bursa with forward PER of just 12.9x, falling to 10x in 2025.

In comparison, 99 Speed Mart is trading at 33x forward PER and MRDIY at 26x forward PER.

Posted by klee > 2 weeks ago | Report Abuse

how to compare aeon with 99speedmart?
at close today,99speedy is ady among top 30 in terms of mkt cap on bursa
this coming dec,it will definitely be admitted as component stock

Posted by dragon328 > 2 weeks ago | Report Abuse

I don't think 99speedmart will be included as a KLCI component stock so soon.

99speedmart is just a retails company with large network of small retails outlets, even with some 2500 outlets, its revenue is just about double of AEON's revenue. AEON has 28 shopping malls and 35 supermarket outlets. The retails margin of 99speedmart is also razor thin at less than 5%, similar to AEON's level for its retailing segment. In terms of bottom line, 99speedmart's current PBT is about double of that of AEON inline with the topline.

In terms of EBITDA, both companies are on the same level, as higher depreciation charges drag down the pretax profit of AEON. But once AEON injects its shopping malls into a REIT, the depreciation line will disappear and AEON's PBT will increase by RM450m to over RM600 million, higher than 99speedmart.

Posted by dragon328 > 2 weeks ago | Report Abuse

To me, 99speedmart is overpriced at 34.9x FY2024 PER and 33x FY2025 PER for a growth of ~20% y-on-y. AEON has higher growth of over 20% in profits in FY2025.

As 99speedmart is newly listed, it is hotly traded. That reminds me of the earlier MyNews.com which had about 1,000 outlets when listed and analysts mostly projected high growth, but it all turned out to be just smoke.

When KK Mart gets listed later, investors will have a choice and simple comparison will erode any premium that 99speedmart may have now.

Posted by dragon328 > 2 weeks ago | Report Abuse

99speedmart may have liquidity premium as funds can buy in big quantities and it is convenient for foreign funds to park their hot money for a few weeks. But over time, reality kicks in and everything will be down to fundamentals and valuation.

Just look at MyNews and MRDIY. MyNews suffered some years of losses and share price has fallen to a penny stock. MRDIY shot up to skyhigh valuation of over 40x PER upon listing but has since come down to ground with a more reasonable PER of 20-26x.

Posted by dragon328 > 2 weeks ago | Report Abuse

AEON will have the liquidity once it declares bonus issues, and it will have sufficient retained earnings to declare 1-for-1 bonus by June 2025.

Posted by klee > 2 weeks ago | Report Abuse

whatever you say,aeon rose today cos of the spillover effect of speedy99
to you,aeon may be miss universe of retail,but to funds ,they have different idea n they buy the ideology of speedy99's Lee
on bursa,performance speaks,the rest is not important

Posted by dragon328 > 2 weeks ago | Report Abuse

time will tell. It will fall back to below 30x PER once the initial hype is over

Posted by DickyMe > 2 weeks ago | Report Abuse

80 sen coming rapidly!

Posted by Michael Kwok > 1 week ago | Report Abuse

Aeon co 1.50
The longer it not below 1.45,the more bullish it.
I rank it 1.60 range.tht it.
My advice no more penny stock below 12 cents.expect more capital consolidate in year 2025.
3/10/24 12.20pm
3/10/24 12.20pm

Posted by klee > 1 week ago | Report Abuse

dragon ctrs only ytlp performed,the rest zzzzzz