Price has overtake its valuation since surging in late Feb. It is overpriced now despite the latest improved revenue & earning. Fair price is 1.82 @ forward P/E of 25x.
Aberdeen disposing due to overall sentiment of international funds on Malaysia's market. While Parkson on the other hand is not being held by either EPF or any international funds. Whether is it because Parkson is not attractive to those funds? I will leave it for you to decide.
Posted by Money > May 31, 2018 12:18 AM | Report Abuse Parkson good than aeon ???
Wow. The trend coming to an edge. Will it goes up or down? Why the price still stay eventhough this big boys are selling it out? Does this mean they are strong? Or a signal for us to let go? I wonder.
EPF actually have a net increase in shares in AEON since 9th May 2018. To be exact, it's a net increase of 3.44 million shares or from 9.84% to 10.08% interest.
This is well below expectation of NP 25M. Even with 25M the current price is expensive. So please brace for tomolo.
shpg22 Price has overtake its valuation since surging in late Feb. It is overpriced now despite the latest improved revenue & earning. Fair price is 1.82 @ forward P/E of 25x. 24/05/2018 22:10
29-Aug-2018 Insider ABERDEEN ASSET MANAGEMENT SDN BHD (a substantial shareholder) disposed 12,500 shares on 27-Aug-2018. 29-Aug-2018 Insider STANDARD LIFE ABERDEEN PLC AND ITS SUBSIDIARIES (a substantial shareholder) disposed 12,500 shares on 27-Aug-2018. 29-Aug-2018 Insider ABERDEEN ASSET MANAGEMENT PLC (a substantial shareholder) disposed 12,500 shares on 27-Aug-2018.
The Board of Directors of the Company wishes to announce that Index Living Mall Malaysia Sdn. Bhd. (1082843-T) (formerly known as AEON Index Living Sdn Bhd) (“ILMM"), an associate company of the Company will be closing down the remaining of its outlets in Malaysia. ILMM is a joint venture company between AEON and Index Living Mall Company Limited (“ILM”) which was incorporated in Thailand. AEON holds 49% of ILMM’s total shares and remaining 51% of ILMM’s shares are hold by ILM.
ILMM is engaged in the operations of furniture retailer and will be closing down the remaining of its outlets in Malaysia by third quarter of 2018. As such, for the second quarter result, the Company has recognised the impairment loss on its investment in the associate company which amounted to RM8.01 million and also share of its year to-date operating loss which amounted to RM13.7 million.
The closure of the associate’s outlets are expected to reduce the earnings per share and net assets per share of the Company by approximately two cents respectively for the financial year ending 31 December 2018. Being a non-cash item, the financial impact will have no bearing to the Company’s current and future cash position.
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....
ZoneFD
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Posted by ZoneFD > 2018-05-24 19:11 | Report Abuse
Revenue up.. profit down... What will happen 2moro