Aeons will have both online and offline market advantages...

Aeon ups digital ambition with Boxed Wholesale tie-up

KUALA LUMPUR (Jan 28): Aeon Co (M) Bhd has announced a partnership with US-based Boxed Wholesale that will see the retailer utilising the e-commerce company’s state-of-the-art technology to accelerate Aeon’s expansion into new retail offerings.

Boxed will be supporting Aeon in its efforts to expand into business-to-business ventures and new retail solutions via Aeon’s virtual mall. The platform is expected to support Aeon’s 4,000 tenants in its malls throughout the country.

In a joint press statement released by the two companies, they announced that Aeon will be utilising Boxed Wholesale’s proprietary storefront platform and inventory-picking software, including click-and-collect services from selected Aeon stores.

Aeon Malaysia’s chief executive officer Shafie Shamsuddin in the statement today said that the tie-up will bring about a wholesome customer experience by bridging its more than 1.3 million customers from offline to the online space.

“We are confident that we can bring in quality tenants and merchants, as proven in our brick and mortar business, into our virtual mall,” said Shafie.

He added that Boxed Wholesale is one of the few e-commerce companies in the world that built entrepreneurial value in the company by running its own consumer business using its own technology.

The virtual mall is expected to be rolled out in 2Q2021.

“The ability for an enterprise customer to make just one call to modernize their digital and physical e-commerce capabilities is truly rare. To do it with low capital expenditure is even rarer.

We are beyond excited to bring our technology to retailers around the world and help them succeed in today’s competitive market,” said Boxed Wholesale chief executive officer Chieh Huang.

Boxed Wholesale is an e-commerce platform that was established in 2013, and has an annual turnover of more than US$500 million. It is an online bulk-product retailer that brings the wholesale shopping experience to customers through direct-to-their-door access to warehouse club products.

https://www.theedgemarkets.com/article/aeon-ups-digital-ambition-boxed-wholesale-tieup

Don't give them the opportunity to short... Hold on your stocks guys. Don't sell..Let them lose money..

No way supermarket is sunset business.... E-commerce boom is JUST temporary at current time due to MCO etc. And E-commerce business growth may NOT be sustainable Post Covid..

Malaysian being Malaysians still like to go OUT especially Malls... Hence, there is the substantial PENT-UP DEMAND to go out (i.e. to MALL, etc). ALSO Don't forget AEON also into online business... So they are adapting well to this situation...

You will definitely see Big Rebound very Soon...

U have to see their sales composition....cement account for large portion..

Also even business down their NTA is RM1.17 VS RM0.665 ! These are their net tangible assets i.e. properties etc..! Meaning if we assuming they liquidate the business there is still 75% of PROFIT to make from current share price !!!

Anyway they wont have to liquidate and business will Rebound... as they are the Anchor supplier of the country's Cement king...

Yea let's huat together....

By the way, I was at AEON maluri and there were LONG queues almost any past days i went.... This is an indicator of GOOD business...Comparing to other supermarket which has no queue

https://www.theedgemarkets.com/article/allaying-lockdown-fears-noor-hisham-says-mco-will-likely-end-feb-4-followed-threemonth-cmco


I have confidence in YTL... it will rebound with more than 50% return...
Think about it... Vaccines on the way, hence, Post covid, constructions will resume... YTL has 60 - 70% of the market share! YTL business will surely jumped

Sampah normally can't see opportunity cos they only see sampah...

Let's see post covid....see whether U r sampah or aeon is sampah.. :)

This stock is under its value...TP at least 1.17 ... Capital gain plus good dividend yield of 4.3%

More upside for this stock.....especially when the good news come out...

Just buy mother share la...

Foresee can reach 0.50 taking into consideration of all the upcoming businesses potential.

Limit up Limit up...!

Just to quote a statement from bloomberg:

“With ongoing ultra-loose monetary policy, expectations for a new fiscal package in the U.S. and positive growth data from China, equity capital markets remain ATTRACTIVE” said Francesco Lavatelli, head of equity capital markets, Asia Pacific, at JPMorgan Chase & Co.

@Dartmaster .. What is the basis of your call? Or merely u want to scare people..to enter the stock at lower price for yourself?


Just to quote a statement from bloomberg:

“With ongoing ultra-loose monetary policy, expectations for a new fiscal package in the U.S. and positive growth data from China, equity capital markets remain ATTRACTIVE” said Francesco Lavatelli, head of equity capital markets, Asia Pacific, at JPMorgan Chase & Co.

most tech/ semicon/ems related stocks taking a breather today... don't worry... any down is an opportunity to buy....

most tech/ semicon related stocks taking a breather today...

Good time to collect when its down

Yes decent dividend and It will definitely recover after covid...and hopefully back to become cash cow...
@RainT which business is not exposed to government policy risk? :) All business also bound by gov policy ma...

Good time to collect when its down

Today most tech/semicon stocks are taking a breather... its across most stocks.. dont worry

Lai Liao.... Rocket up...

Good time to collect when its down....

@Bluey Good reminder to do good deed...

After rally yesterday, kgb is catching up with it's breath today... rally again later...

someone is asking to buy seems like for someone else to offload their stocks for profit taking as this is not so liquid stock... careful guys

Better to buy Malakof and more upside for energy when covid is over

Kenanga dividend only 2.6%.. Malakof dividend yield is 7.3%!

Gambate Gambate...! Up Up Up

Lots of selling coming....

Bear in mind this company is part of foxconn group.... potential is significant... just buy and hold

In fact Huge potential for PIE as more business will be directed to PIE....

China US trade war is good for PIE

Slow and steady...

Patience will pay off....

Mai Kan Cheong... stock up and down and up ....

When vaccine arrives in Feb, their Dry Ice will sell like Hot Cakes...

Hope everyone Huat Together...

Slow and steady and importantly with MUCH better fundamental than its competitor

Where are all the nasayers...

TP 3.10 - 3.50...

Maybe the mgt needs money to buy new mercedes etc and dont want to take loan

Why u worry with such little insider sell? Just 100K shares... y worry?

Just collect and hold... more beautiful results coming out in the future...

Their 3Q report doesn't provide profit by segments

Its parked under its under industrial gas division which accounted for about 7% of its 3Q2020 revenue (Vs. 1% in 3Q2019)... its on growing trend and hence there is substantial upside for the company

Patience guys..... it pays off with patience.... investing in stock is about your ability to withstand volatility of the stock you invested in and stick to your believe in the stock which you have thoroughly researched

This counter is full of potential as its involved in 5g related and also going into important auto parts business..

Here it starts going UP...