sales means nothing, if u are not gonna make profits
aeon net profits been declining, n gt no sight of recovery
while the official catalogue for this isn’t released yet, I dun think they can come up with sth revolutionary to actually pull crowd to shop at midnight
if they wanna play price war, how low could they go? Possible to be lower than shopee n lazada?
dun tell me some stupid spin&win contest, hosted by some silly social influencers; this isnt year 2010 anymore
cant imagine the amount of net losses they are going to make for this stupid promotions
aeon is now closing all its other businesses, except supermarkets, the losses from these can't be covered back with the higher sales from supermarkets, on top of the higher expenses spent on frequent disinfection n cleaning
lower sales commission receivable from tenants, Non-essential services tenants were not allowed to operate during the MCO period. Under such challenging environment, while the Company experienced business interruptions to its core businesses during MCO period
not only sales commissions, AEON was waiving their rentals Q1 result that was buffered with CNY festive sales is already this ugly, cant even imagine how bad the figures are gonna look like in Q2 obviously the better sales from supermarket segment cant save their other biz segments EPF used rakyat hard earned money to bring u guys go Holland
Problem is not just about how the current conditions are affecting retail sector and malls.
Problem is do you understand Japanese culture? Have you dealt business with them before? They will always deal with Japanese first. and their costs will always be high. why? because they care about Japanese-Japanese relationship, so pricing comes second.
Any benefits, always benefit Japanese first. In times of crisis, especially if it happens in Japan, you will see the JPY strengthen. Why? because Japs from all over the world including Jap companies will repatriate and pay high dividend back to Japan to support their economy and their Japanese. They make less here nevermind, most important they make more back in Japan, so that Japan government can make more in Tax also.
a lot of japanese managers has been terminated in march and the supermarket margin is very low.This year raya sales is very bad.Definitely next quarter will suffer hugh losses.
Hahaha AEON did have a dark history of hosting its own online shopping web for like a year, but suffered from low sales volume that couldnt even cover its high maintenance expenses (like Lam mentioned, coz of pro-Japan culture at whatever costs, despite market able to give better rates), then tutup semua and hide all the news. Google shoppu
1.50 easily but please dun tell too many people, lets keep it a secret
Posted by Victor Yong > May 22, 2020 4:47 PM | Report Abuse after mco on june 8, people go shopping at eaon again, back to 1.2+ as per maybank's target price. fingers crossed
Fat margin is to feed fat Japanese executive la. Won't be reflected in company profit. Anyway most of the profit come from property management aka rental, not from grocery.
Don't bullshit la, Japanese are not fools to eat their own foot. It is the shameless bangsats in the management of AEON who are milking even in bad times.
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DickyMe
14,884 posts
Posted by DickyMe > 2020-03-12 18:09 |
Post removed.Why?