AEON CO. (M) BHD

KLSE (MYR): AEON (6599)

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Last Price

1.40

Today's Change

+0.02 (1.45%)

Day's Change

1.38 - 1.41

Trading Volume

407,000


11 people like this.

3,934 comment(s). Last comment by dragon328 2022-08-23 21:11

skoh888

968 posts

Posted by skoh888 > 2022-06-02 16:55 | Report Abuse

Great call dragon328! thanks for your report. I bought at RM1.43. See u at RM2.00!

dragon328

780 posts

Posted by dragon328 > 2022-06-02 16:57 | Report Abuse

Skoh888, great! I also added a lot at 1.41-1.43

dragon328

780 posts

Posted by dragon328 > 2022-06-02 16:58 | Report Abuse

It looks like profit taking and share price pressing is over, i.e. insiders have collected enough cheap tickets

skoh888

968 posts

Posted by skoh888 > 2022-06-02 17:01 | Report Abuse

yes! price action and money flowing is definitely in the right direction

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-02 20:41 | Report Abuse

Good news coming soon

firehawk

4,510 posts

Posted by firehawk > 2022-06-02 21:55 | Report Abuse

nice rebound !!

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-03 09:41 | Report Abuse

Buy some more 1.50

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-07 16:07 | Report Abuse

All the way up

pathew

2,024 posts

Posted by pathew > 2022-06-07 16:28 | Report Abuse

any reason for the sudden spike?

dragon328

780 posts

Posted by dragon328 > 2022-06-07 17:20 | Report Abuse

not sure, could be due to rerating of retails sector as other retails stocks like BJfood, Bonia and Padini were all up

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-07 19:05 | Report Abuse

Retail sales picking up , shop rental at Aeon fully rented with new tanent.

dragon328

780 posts

Posted by dragon328 > 2022-06-07 19:18 | Report Abuse

yes we can expect a good quarter ended June 2022, may be as good as Dec 2021 quarter

dragon328

780 posts

Posted by dragon328 > 2022-06-08 12:34 | Report Abuse

right, next resistance is at 1.65-1.69

DickyMe3

658 posts

Posted by DickyMe3 > 2022-06-08 15:07 |

Post removed.Why?

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-12 21:16 | Report Abuse

Aeon new CEO Ono Keiji take over 1st July 2022

Posted by wallstreetrookie > 2022-06-12 21:20 | Report Abuse

Follow sunnyspoon

VTrade

2,326 posts

Posted by VTrade > 2022-06-12 22:11 | Report Abuse

Ada masa kita pergi sunnyspoon company beli barang JApanese…
Yeah…

Posted by wallstreetrookie > 2022-06-13 08:18 | Report Abuse

Aeon Credit share performance is so bad. Hopefully Aeon does well

oldfox99

135 posts

Posted by oldfox99 > 2022-06-13 10:51 | Report Abuse

Finally current management will be gone....back to Japanese in control.

Posted by Investformilkmoney > 2022-06-13 15:19 | Report Abuse

I am here to say hi to sunnyspoon

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-13 21:06 | Report Abuse

Let hope for the best & future for Aeon Co new Japanese CEO Ono Keiji

Posted by Investformilkmoney > 2022-06-14 15:32 | Report Abuse

I like to shop in Aeon in real life.

dragon328

780 posts

Posted by dragon328 > 2022-06-16 11:50 | Report Abuse

Hope the new CEO Ono Keiji will inject new breath into AEON Co (M) business and corporate structure. He has successfully expanded AEON shopping malls in Cambodia when he served as president of AEON Cambodia

dragon328

780 posts

Posted by dragon328 > 2022-06-16 11:53 | Report Abuse

WHile he was in charge of AEON in Thailand, he injected new concepts into retails/supermarket there and opened up hundreds of smaller-sized supermarket outlets for AEON in few years.

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-17 15:20 | Report Abuse

Open more Daiso outlet

PunTatBerSiul

1,001 posts

Posted by PunTatBerSiul > 2022-06-20 11:13 |

Post removed.Why?

dragon328

780 posts

Posted by dragon328 > 2022-06-21 12:05 | Report Abuse

1.67 coming soon!

sunnyspoon

323 posts

Posted by sunnyspoon > 2022-06-21 17:30 | Report Abuse

Bought some more

PunTatBerSiul

1,001 posts

Posted by PunTatBerSiul > 2022-06-22 21:32 | Report Abuse

67 sen akan jelma.

dragon328

780 posts

Posted by dragon328 > 2022-06-30 16:10 | Report Abuse

The market wants to push AEON share price to year low to commemorate the last day of MD Samsuddin and first day of new MW Ono Keiji

DickyMe2

1,507 posts

Posted by DickyMe2 > 2022-07-03 13:15 |

Post removed.Why?

Posted by Angelramirez683 > 2022-07-04 16:00 | Report Abuse

All will go grocery buy food, pasar food is expensive now.

dragon328

780 posts

Posted by dragon328 > 2022-07-05 10:48 | Report Abuse

ya food stuffs sold at pasar pagi or pasar malam are not cheap anymore, AEON supermarkets offer similar fresh quality food at similar prices or cheaper. One fresh whole chicken for just RM8.90 per bird, anyone?

dragon328

780 posts

Posted by dragon328 > 2022-07-05 10:50 | Report Abuse

Furthermore, with inflation running high and food stalls & restaurants raising prices, consumers may cut down on eating / dining out, and cook more at home to save costs. AEON is offering essential grocery items in RM50 or RM100 packs with great discounts, to help consumers reducing costs.

DickyMe2

1,507 posts

Posted by DickyMe2 > 2022-07-07 18:35 |

Post removed.Why?

DickyMe3

658 posts

Posted by DickyMe3 > 2022-07-08 20:20 |

Post removed.Why?

dragon328

780 posts

Posted by dragon328 > 2022-07-20 14:09 | Report Abuse

Looks like AEON has hit a temporary bottom at 1.28. Hope it is on its way to retest previous high of 1.69 soon, possibly by August end when the June qtr result is out

DickyMe4

179 posts

Posted by DickyMe4 > 2022-07-22 16:06 |

Post removed.Why?

dlau8899

915 posts

Posted by dlau8899 > 2022-07-28 17:01 | Report Abuse

Break 1.44 , 1.54 , 1.64

dragon328

780 posts

Posted by dragon328 > 2022-08-11 14:15 | Report Abuse

unexpected strength today but sellers will likely cap it at 1.44 again

dragon328

780 posts

Posted by dragon328 > 2022-08-16 09:42 | Report Abuse

slowly inching up with steady volume indicating accumulation by investors / insiders. No sudden big surge in share price nor volume implies a gradual recovery path for at least another 2 weeks.

TreeTopView

1,190 posts

Posted by TreeTopView > 2022-08-16 10:41 | Report Abuse

Is the current short position not a concern? Currently sitting at net shorts of 5,094,687.

Aeon has always been in my possible re-entry stock list since I sold in November last year. I just can't get enthusiastic about it yet. I'll still keep an eye on it for a potential purchase.

dragon328

780 posts

Posted by dragon328 > 2022-08-16 14:21 | Report Abuse

I was not aware of such a short position in AEON but 5m shares are not big.

I suspect most of these short positions were entered into in May when AEON share price was trading at RM1.55-1.69 and daily volume exceeds 3.0 million shares. With the subsequent drop in share price to RM1.26-1.28, I think most of the short positions had been unwound then, left now with net 5.0m shorts.

I expect these shorts will be covered soon when the shorties see that share price is well supported and an excellent June quarterly result announcement is coming in 2 weeks.

TreeTopView

1,190 posts

Posted by TreeTopView > 2022-08-16 14:55 | Report Abuse

Hi dragon......unfortunately your summation of the short position is not accurate.

The net short position has been gradually increasing for quite some time and has only stopped quite recently. This has been one of the reasons I decided not to enter into the stock, as there appeared to be another game at play going on.

Once it went above 5 million shorts it started to slow down, with not much covering going on. This is something worth watching daily to see if anything substantial changes, imo.

I'll keep watching :)

dragon328

780 posts

Posted by dragon328 > 2022-08-16 16:17 | Report Abuse

@TreeTopView, thanks for highlighting the short positions.

To me, these shorties are just speculative. I do not see any big risk of share price collapsing anytime soon, unless another war would start at Taiwan straits or another MCO would be announced.

Too much gaming / betting on shorts and I do not want to spend much time analysing them, but rather focus on fundamentals.

dragon328

780 posts

Posted by dragon328 > 2022-08-16 21:06 | Report Abuse

Looking at the just released June quarterly result of BJFood, I think AEON will follow suit and post a strong set of result for this June qtr

dragon328

780 posts

Posted by dragon328 > 2022-08-23 21:01 | Report Abuse

AEON Bhd indeed posted a strong set of results for June quarter with revenue even surpassing the Dec 2021 qtr and profit before tax of RM92.3m, just shy of the record Dec 2021 qtr PBT of RM94.6m.

The disappointment came from the much higher than expected taxation rate of 48.75% vs the normal 25% registered in Q4FY2021.

dragon328

780 posts

Posted by dragon328 > 2022-08-23 21:11 | Report Abuse

Operating cashflows before tax and capex was strong at RM283 million for 1H 2022, annualised to RM565 million. Again the cash tax was high at RM52 million, higher than usual 25% plus prosperity tax.
Anyway it is way higher than the operating cashflows of RM455m for FY2021.

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