Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy Monkeys for 100 each.
The villagers were very happy, after all there were hundreds of Monkeys in a nearby forest.
They caught the Monkeys and got them to the rich man. He bought hundreds of Monkeys and paid 100 for every Monkey the villagers gave him.
They began to make a living out of getting Monkeys from the forest and selling it to the rich man.
Soon, the forest began to run out of monkeys that were easy to catch.
Sensing this, the rich man offers 200 for every monkey. The villagers were ecstatic.
They went back to the forest, set up traps and caught the monkeys and got them to the rich man.
A few days later, the rich man announced he would pay 300 per monkey.
The villagers began climbing trees and risking their lives to catch monkeys and get them to the rich man – who bought them all.
There were no Monkeys left in the forest!
One day, the rich man announced he would like to buy more monkeys – this time for 800 each.
The villagers couldn’t believe this. They were desperately trying to get more monkeys.
Meanwhile, the rich man said he had to go back to the city on some business work and until he returns his manager would deal on his behalf.
Once he left, the villagers were unhappy. They were making quick and easy money from selling monkeys, but the forest no longer had monkeys.
This is when the manager of the rich man stepped in.
He made an offer the villagers could not refuse.
Pointing out to all the monkeys that the rich man had caged. He told the villagers he would sell the monkeys for 400 each.
“Sell them back to the rich man at 800 each when he comes back” the manager said.
The villagers were over the moon. Buy for 400 and sell for 800 in few days. They had just found the easiest way to double their money.
The villagers collected all their savings and even borrowed money.
There were long queues and within a few hours, almost all the monkeys were sold out.
Unfortunately, their happiness did not last long, as the manager went missing the next day and the rich man never came back.
Many villagers kept the monkeys with them, hoping the rich man would come back. But soon, they lost hope and had to let the monkeys back into the forest as feeding and taking care of the noisy monkeys became extremely difficult.
Foreign investors coming to Malaysia soon. Vietnam done. Taiwan done. India done. China done. Next will be either Philippines, Thailand or Malaysia. Get ready and build your camps around the best large cap stocks of Bursa
if Aeon Credit were to trade at 50x PE her price will be around Rm106.40 based on latest results. hard to believe.if the price can go up around Rm25.00 should be very happy lo.
Aeon Credit upgraded to Overweight with a long term price target of RM30
As economic stimulus wanes and a possible rate hikes, consumers may turn to lending companies for refinancing solutions. This suggests a greater possible increase in the company's earnings which is expected to occur during Q2 2022. That being said, personal loans will continue to grow in demand, and the recent acquisition of InsurePro Sdn. Bhd. will further add to the company's gross profit and provides diversification of revenue streams. As well as the ability to generate cheap deposit base and total outstanding balance of credit cards.
Total revenue registered for the financial period-to-date of RM785.441 million was higher by 4.2% compared to RM753.845 million recorded in the preceding year corresponding period. The higher revenue was mainly attributable to higher interest income as the previous year’s revenue was impacted by Day-One net modification loss related to AEON Relief Programme of RM28.409 million. The Company recorded a higher PBT of RM318.003 million for the financial period-to-date as compared to RM113.572 million in the preceding year corresponding period. The increase was mainly due to the higher revenue and lower allowance for impairment losses by RM170.861 million. Loan loss coverage ratio stood at 343% as at 31 August 2021 as compared to 417% as at 31 August 2020.
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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....
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Posted by Pinky > 2020-11-17 16:43 | Report Abuse
Hmm decent volume supported rally!