Posted by Good123 > 2020-07-24 08:32 | Report Abuse

FINANCIAL PERFORMANCE REVIEW
Malaysia’s economy grew 4.3 per cent in 2019 with the slowest
pace in the fourth quarter of the year at 3.6 per cent from the
softening global demand and the United States-China trade
war. Consumer sentiments remained subdued amid rising cost
of living concerns, and continuous uncertainties in business
outlook and employment.
For 2019, the Company continued to record growth in its
performance with a revenue registered at RM4.539 billion or an
increase of 4.3% for the financial year (FY) ended 31 December
2019 over FY2018. The higher revenue was mainly due to
revenue contributions from newly renovated stores and newly
opened specialty stores during the year under review, as well as
new stores which were opened in April 2018 and January 2019.
The higher growth was however mitigated by the temporary
closure of stores for renovation during the year under review and
the downsizing of a store at the end of previous year.
The Company’s profit before tax for the year of RM196.9 million
was 5.3% higher than the previous financial year of RM187.0
million. At net profit level, the Company recorded a better
profit after tax of RM109.2 million for the year under review,
as compared to the previous year of RM105.1 million, or an
increase of 3.9%.
The retail business segment at a revenue of RM3.832 billion
in FY2019, registered a good growth of 4.5% over preceding
year with a corresponding much improved retailing profit of
RM114.6 million compared to previous year of RM51.7 million.
The higher revenue were mainly due to the contributions from
newly renovated stores and newly opened stores in April 2018
and January 2019 as well as newly opened specialty stores
in 2019. As for the better profit achievement, besides higher
revenue, it was also due to margin improvement and a result of
change in marketing strategies, assortment and pricing under
the competitive market.
In FY2019, the Company continued to strategically refurbish
its existing stores in order to enhance its customers shopping
experience. During the year under review, the Company
refurbished and opened its newly renovated stores in Bandar
Utama and Taman Maluri shopping centre.
The property management services segment‘s revenue of
RM706.6 million represented a growth of 2.8% over FY2018
mainly due to contributions from new mall openings. It recorded a
segmental profit of RM268.7 million which was higher compared
to RM209.8 million in FY2018, mainly due to the higher revenue. As at 31 December 2019, the Company’s shareholders’ fund,
remained strong at RM1.695 billion with a net asset value per
share of RM1.21 (FY2018: RM1.44) and an earnings per share
of 7.78 sen (FY2018: 7.49 sen). As at financial year ended, the
Company’s borrowings at RM928.6 million (FY 2018: RM995.42
million) remained manageable.

Posted by Good123 > 2020-07-24 08:34 | Report Abuse

Senior Management
as at 30 April 2020
AEON Leadership Council and Advisor
Shafie bin Shamsuddin Managing Director / Chief Executive Officer
His profile is disclosed in the Directors’ Profiles on page
8 of this Annual Report.
Sunny Setiawan
Chief Operating Officer
Ms Sunny, Indonesian, Female, aged 55, holds a
Master Degree of Retailing. Joined AEON CO. (M)
BHD. in March 2020, has 37 years working experience
in retail industry including senior positions in major
retailers like PT Matahari Department Store, Indonesia
and Central Retail at Indonesia and Vietnam.
Ho Min Chih
Chief Financial Officer
Ms Ho, Malaysian, Female, aged 48, Chartered
Accountant, a member of the Malaysian Institute
of Accountants (MIA). Joined AEON CO. (M) BHD.
in April 2020. She has 22 years of finance and
accounting working experience with companies in
FMCG, construction and retail sectors in particular
retailers dealing in high end products.
POH YING LOO Executive Director / Advisor
His profile is disclosed in the Directors’ Profiles on page
8 of this Annual Report.
Nobutada Hanaoka
Chief Governance Officer
Mr Hanaoka, Japanese, Male, aged 47. He started
his career with AEON Retail Co. Ltd followed by AEON
Ibis Co. Ltd. and AEON Big (M) Sdn bhd. Joined AEON
CO. (M) BHD. in April 2020. He has more than 25 years
of working experience in business administration,
accounting and customer services.
Djoni Herlambang
Chief Technology Officer
Mr Djoni, Indonesian, Male, aged 53, MBA. Joined
AEON CO. (M) BHD. in April 2020. He has 35 years
of IT working experience in retail industry and e
commerce and has worked with major retailers in
Indonesia, Hong Kong, Singapore, Malaysia, Sri
Lanka, India, Vietnam, Philippine, Cambodia and
Myanmar.
Hiroyuki Kotera Executive Director / Deputy Managing Director
His profile is disclosed in the Directors’ Profiles on page
9 of this Annual Report.
Dr Kasuma Satria
Chief Human Resources Officer
Dr Kasuma, Malaysian, Male, aged 48, Doctorate
holder. Joined AEON CO.(M) BHD. in April 2020. He
has 25 years of working experience in human resource
including consultancy and had hold senior positions
in multinational companies in the oil and gas sector,
manufacturing and technology.
Lee Beng Beng
Chief Property Officer
Mr Lee, Malaysian, Male, aged 50, holds a Diploma
in Business and Management. Joined AEON CO. (M)
BHD. in March 2020. He has more than 25 years of
retail working experience in leasing, marketing, malls
operation and property management.

Posted by Good123 > 2020-07-24 08:50 | Report Abuse

Pay, earn AEON Points and top-up your AEON Member Plus Visa Card all on the app.

Now you can pay, earn AEON Points and top-up your AEON Member Plus Visa Card all on the app.
● AEON Wallet can be used with any AEON Credit Card.
● Scan QR code to make payment at all AEON stores.
● Store all your AEON points in the app and earn points wherever you go.
● Convert your points to cash!
● Instant top-up anytime, anywhere with no hassle and extra charges.
● Check your balance and transaction history in real-time.
● State-of-the-art security measures with biometric login, multi-factor authentication, anti-phishing features and more.

The AEON Wallet App is a must-have for new and existing AEON customers. Download it now and enjoy:
● all the perks, convenience and exclusive benefits.
● a simple, fast and secure way to make payment.
● great deals available at AEON Stores, AEON BiG Hypermarkets, AEON MaxValu, AEON MaxValu Prime, AEON Wellness and other participating merchants.

For more information, visit www.aeonwallet.com.my

Posted by Dividendlover > 2020-07-24 10:24 | Report Abuse

@sheldon I was also curious where the money from for dividend payment and this was the reply from the corporate governance officer.

I am sorry for late reply and thank you for dropping email.

To answer your question it used to be like that.
However, now we focus on making operation cash flow as we reduce a lot of merchandise stock at store, improvement for cash collection from tenant and cost improvement through group synergies with AEONBIG.
Therefore, we pay dividends from those improvements.
I hope I answer your question.

@Good123 I wonder how many shares you’re holding. So optimistic of you :))

Posted by Good123 > 2020-07-24 12:17 | Report Abuse

we are just small fly holder compared to EPF ~increased stake at ~15%

Posted by Good123 > 2020-07-24 12:19 | Report Abuse

aeon Japan Inc has turnaround aeon big, profitable up to June 2020. they are good at zero defect, target costing, etc

Posted by Good123 > 2020-07-24 12:22 | Report Abuse

On a more positive note, its supermarkets may see better businesses as some wet markets were closed during the MCO and customers may prefer to buy fresh produce in a cleaner environment during the pandemic

Posted by Good123 > 2020-07-24 12:23 | Report Abuse

short term price is always sentiment driven, if fearful retailers let go, u grab , transfer of wealth

Posted by boonwei98 > 2020-07-24 12:23 | Report Abuse

Is Aeon Big under Aeon?

Posted by Good123 > 2020-07-24 12:24 | Report Abuse

share is a zero sum game, takda win-win . only one side wins, another person rugi

Posted by Good123 > 2020-07-24 12:25 | Report Abuse

aeon big isn't owned by aeon malaysia bhd. it is directly owned by aeon Japan Inc. read aeon malaysia AR already released

Posted by Good123 > 2020-07-24 12:28 | Report Abuse

very few sellers, 1mil shares traded only. retailers must have realised not worth selling due to fear, rumour, etc

Posted by boonwei98 > 2020-07-24 12:30 | Report Abuse

thanks Good123

Posted by lambsauce > 2020-07-24 12:43 | Report Abuse

feel sick seeing this forum is filled with spam instead of fruitful discussion

Posted by Good123 > 2020-07-24 15:18 | Report Abuse

without panicky small traders, unable to buy at such fire sale price :)

Posted by Good123 > 2020-07-24 15:25 | Report Abuse

rather buy this profitable former Japanese blue chip than other loss-making penny stocks without dividend

Posted by Good123 > 2020-07-24 15:37 | Report Abuse

seek refuge under Japanese blue chip :)

Posted by Good123 > 2020-07-24 15:38 | Report Abuse

Lelong syer semakin berkurangan, sedang pulih sekarang

Posted by Good123 > 2020-07-24 15:52 | Report Abuse

believe that there will be sudden increase to above 90sen soon. keep accumulating by certain people :)

Posted by Good123 > 2020-07-24 16:04 | Report Abuse

1.4bil shares issued. at current cheap price, only about 2mil shares traded. scarcity :)

Posted by tstan100 > 2020-07-24 16:08 | Report Abuse

WARNING: The big seller will come back on next Monday. Today is the best time to clear all your AEON shares.

Posted by Good123 > 2020-07-24 16:15 | Report Abuse

don't be surprised that the price will turn green at closing today :)

Posted by Good123 > 2020-07-24 16:16 | Report Abuse

the scarcity of the shares is accelerating. hold your breath

Posted by Good123 > 2020-07-24 16:18 | Report Abuse

the buy queue volume is expanding fast, scary

Posted by Good123 > 2020-07-24 16:19 | Report Abuse

83.5, 84sen. cleared :) another level

Posted by Good123 > 2020-07-24 16:30 | Report Abuse

84sen habis. mau clear 84.5

Posted by Good123 > 2020-07-24 16:31 | Report Abuse

84.5 juga mau habis

Posted by Good123 > 2020-07-24 16:31 | Report Abuse

memecut last time dahsyat

Posted by Good123 > 2020-07-24 16:32 | Report Abuse

84.5 juga habis

Posted by Good123 > 2020-07-24 16:32 | Report Abuse

85sen juga mau habis cepat dikit

Posted by Good123 > 2020-07-24 16:33 | Report Abuse

ganas, 85 juga sedang clear

Posted by Good123 > 2020-07-24 16:35 | Report Abuse

suddenly memecut ... breakthrough above 90sen, go go go

Posted by Good123 > 2020-07-24 16:36 | Report Abuse

85sebn juga mau clear

Posted by sheldon > 2020-07-24 16:41 | Report Abuse

I don't like the idea that Aeon Big is competing in the same turf. It's a conflict of interest.

Posted by Good123 > 2020-07-24 16:41 | Report Abuse

really turn green before closing

Posted by Good123 > 2020-07-24 16:42 | Report Abuse

just the beginning for uptrend, strong rebound

Posted by Good123 > 2020-07-24 16:43 | Report Abuse

breaking 85sen hurdle, once succeeded, all the way up

Posted by Good123 > 2020-07-24 16:46 | Report Abuse

uptrend started today even overall market was bad. strong rebound next week is expected

Posted by Muhdali > 2020-07-24 16:51 | Report Abuse

Tq for those sell to me 0.83 good kaunter.. epf

Posted by Good123 > 2020-07-24 16:57 | Report Abuse

same here soon 

LONDON: British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.

Sales volumes in June leapt by 13.9% from May, above all forecasts in a Reuters poll of economists.

A 70% surge in clothing and footwear sales reversed much of their slump in recent months, though the sector remains one of the worst hit, with spending 35% below pre-pandemic levels.

Overall sales volumes rose to within 0.6% of February's level. Excluding fuel sales, hit by less commuting and other travel, volumes were 2.4% higher than in February.

Household goods stores also saw strong sales in June especially for furniture and DIY materials. Home improvement retailer Kingfisher this week forecast first-half underlying profit ahead of last year after exceptionally strong demand.

Retail sales represent only about a third of consumer spending, however, and other figures suggest people remain cautious about returning to places like bars and restaurants.

"The surge in retail sales volumes... in June is not a sign that households' overall spending also is recovering fully and rapidly," said Samuel Tombs of Pantheon Macroeconomics.

Britain's economy shrank by more than a quarter in March and April and only recovered slightly in May when there was a limited relaxation of the lockdown imposed on March 23.

The Bank of England's chief economist, Andy Haldane, says payments data has suggested a rapid, V-shaped recovery though many of his colleagues are doubtful about a sustained recovery.

The British Retail Consortium said earlier this month that spending among its members - typically large high-street chains - was 3.4% higher this June than last year.

Friday's figures showed that retail sales slumped by a record 9.5% in the second quarter compared to the first.

Compared with June 2019, sales were down 1.6%, a smaller fall than 6.4% seen in the Reuters poll.

Online spending, which soared at the start of the lockdown, fell as a share of overall spending as shoppers in England were able to return to stores from June 15 onwards. But at 31.8%, it remained much higher than February's 20%.

Consumer sentiment is still well below its level before the coronavirus struck Britain and cafes and restaurants have reported subdued demand since they reopened on July 4.

More than 45,000 people with COVID-19 have died in Britain, Europe's highest death toll. BoE policymaker Jonathan Haskel said on Thursday that persistent health worries as well as a jump in unemployment risked halting the recovery. - Reuters

Posted by Good123 > 2020-07-25 16:01 | Report Abuse

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

AEON CO. (M) BHD
TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIODDescriptionPursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the changes of her direct interest in the securities of the Company, details as set out in Table 1.

 

Table 1

Name of Director

Name of Registered Holder

Nature of Interest

Date of Acquired

Type of Securities

Number of Ordinary Shares Acquired

% of Securities Acquired

Price Transacted Per Share (RM)

Chong Swee Ying

Chong Swee YingDirect23 July 2020Ordinary Shares10,0000.00070.840

 

The announcement is dated on 24 July 2020.

 





Announcement Info

Company NameAEON CO. (M) BHDStock NameAEONDate Announced24 Jul 2020CategoryGeneral Announcement for PLCReference NumberGA1-24072020-00019

Posted by Jeffreyteck > 2020-07-25 16:12 | Report Abuse

Est more close down amidst intensified competition. Around my area, more retail shops, 99, kk, marcassar, traditional retail shops, etc. Unless goreng by traders or national teams, dim hope for LT.

Posted by Good123 > 2020-07-25 17:22 | Report Abuse

there are more grab drivers, proton , perodua, madza, Hyundai, BMW, etc will close down? :)

Posted by Good123 > 2020-07-26 07:49 | Report Abuse

hard to predict price movement nowadays. newbies plus hot money from small retail players due to monotorium, not everyone kena pay cut or retrenched. also margin players due to work from home, convenient to do own things. some addicted to trading daily like gambling addiction, impatient to wait, feeling high to buy and sell frequently

Posted by Victor Yong > 2020-07-26 07:50 | Report Abuse

Time to rebound :)

Date Close
24/07/2020 0.845
23/07/2020 0.845
22/07/2020 0.88
21/07/2020 0.895
20/07/2020 0.89
17/07/2020 0.91
16/07/2020 0.915
15/07/2020 0.97
14/07/2020 1.00
13/07/2020 1.01
10/07/2020 1.01
09/07/2020 1.00
08/07/2020 1.00
07/07/2020 1.01
06/07/2020 1.01
03/07/2020 1.01
02/07/2020 1.00
01/07/2020 1.00
30/06/2020 1.01
29/06/2020 1.01

Posted by Victor Yong > 2020-07-26 07:54 | Report Abuse

52 Weeks Range: 0.83 - 1.81
Average Price Target: 1.12
Price Target Upside/Downside: +0.275

Posted by Victor Yong > 2020-07-26 13:15 | Report Abuse

24-Jul-2020 Insider MISS CHONG SWEE YING (a company director) acquired 10,000 shares on 23-Jul-2020.
22-Jul-2020 Insider MISS CHONG SWEE YING (a company director) acquired 10,000 shares on 22-Jul-2020.
22-Jul-2020 Insider MISS CHONG SWEE YING (a company director) acquired 6,000 shares on 17-Jul-2020.
22-Jul-2020 Insider MISS CHONG SWEE YING (a company director) acquired 5,000 shares on 14-Jul-2020.
22-Jul-2020 Insider ENCIK SHAFIE BIN SHAMSUDDIN (a company director) acquired 560,000 shares on 21-Jul-2020.

Posted by Victor Yong > 2020-07-26 13:16 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD 30-Jun-2020 Acquired 353,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Jun-2020 Acquired 800,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Jun-2020 Acquired 263,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Jun-2020 Acquired 580,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Apr-2020 Transferred 3,510,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Apr-2020 Acquired 66,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 31-Mar-2020 Acquired 51,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Mar-2020 Acquired 787,387 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2020 Acquired 400,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2020 Acquired 300,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2020 Acquired 360,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2020 Acquired 304,400 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 403,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 1,552,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 800,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 13,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 345,100 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 196,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 350,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 90,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 87,400 0.000 View Detail

Posted by Calvin882 > 2020-07-26 14:39 | Report Abuse

The problem with Aeon is Q2 expected to report very bad result due to lack of revenue from tenants. Many customers are actually shifted to minimarts for convenient and due to usually long queue during the entire MCO period. People will think twice before make a trip to Aeon. Even form outside seems like a lot of customers due to long queue, actually the volume of customer has significantly reduced compare to before mco. Moreover, many tenants may stop their operating after the moratorium period.

Posted by Calvin882 > 2020-07-26 14:41 | Report Abuse

All the uncertainties are depressing the share price.