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
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.
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?
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.
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
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.
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.
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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....
firehawk
4,780 posts
Posted by firehawk > 2022-05-26 15:45 | Report Abuse
many thanks, will read through the AR :-)