just cut loss and switch to other better counter, the opportunity cost to wait it to come back is too high Till now, AEON is still doing the same old shit, when other retailers are adopting IR4.0 and experiential retail
This is a tough one. Deep into oversold territory on the charts but still no indicators pointing to a buy. Thinking of eventually buying for a mid to longer term investment hold but not convinced to hit the BUY button yet. I'll keep an eye on it for now.
What happened with Aeon in the last 5to 10 minutes of trading today? Buyers to it from 77 to 80 sen in a blink. Perhaps end of month squaring of their books for some funds?
Possibly, firehawk. It's hard to gauge though with the market down over 0.5% this morning. I was a little bit tempted at 76/77 cents during the last few days but didn't pull the buy trigger. My thoughts are that the September quarter figures should be better than the previous quarter, purely on MCO restrictions being lifted, so my thinking is their supermarket revenues should be up, however I'm not expecting much from department store revenues, perhaps marginal increases there. Maybe worth a BUY, solely on the September figures possibly being better than the disaster of the June quarter.
Hi Tree top View, I picked this is bcos, 1. The price is attractive 2. Good management I saw their 10 yrs FR, not even a single Q was losing, and the revenue was growing steadily. The only exception was last Q (4,5,6), when the MCO in place, and yet the revenue drop was very little, and the loss was not much. while the MCO is easing, have confidence it can turnaround.
Hi firehawk, Yeah, similar thoughts to my own. Had it not been for the Covid effect it wouldn't be down at current levels, so as a mid/longer term investment it should do OK. I'm currently on the look for stocks with capital growth plus a dividend, so this fits the bill to some extent. Immediately prior to the real price effects of Covid it was in the 1.30's, so with patience I can't see any current reasons that it won't head back up towards there given time and patience. A waiting game. It's certainly not a daytrade, unless you are very, very lucky with your timing. All the best.
There won't be a 2nd lockdown as it may bring the country's internal economy down to it's knees ...then on it's face ! You think the ' belakang masuk ' PNipu fellas will dare to do this ..??
I agree with you, Gala Kat, as it would be a disaster for the country. Lock downs in specific areas with high infection rates is possibly as far as they would be willing to go.
Although, this is Malaysia and always be prepared "to expect the unexpected", especially when it comes to politics and polititians who want to save their skin.
panic buying of groceries wont bring much profits to AEON, as margin for this segment is utterly low to cover the hefty losses from non-grocery and rental
Sell your aeon stock fast. The longer you hold the more you lose. Use the money to invest in other companies. Don't hold onto a sinking ship, be smart!
Observing since $1.20 as main funds are disposing till now, only epf can afford to sapu. Industry landscape changed, substantial borrowings, pricing disadvantages, etc. ST negative and for trading play.
I disagree with the view that the decreasing trend will change after a vaccine is out. First, there is no guarantee when the vaccine will be out, and in drug research, the word 'soon' can range from 1 to 3 years. There are many factors that need to be considered before the vaccine can be released to the public. Plus, the virus is developing new strains and the researchers are unclear how the vaccine will fare in different strains. Even if the vaccine is out, it may be hard for the company to gain back its profit due to the change in shopping habits. Many consumers prefer to shop online, as reflected by an increasing trend of online spending. The pandemic has also triggered the global recession, resulting in most households to spend wisely. That explains why the low-priced retailers and online shopping businesses (e.g. Amazon, Shopee) are thriving. These are some of the issues that are worth considering, especially if you are mid/long-term investor.
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....
lambsauce
332 posts
Posted by lambsauce > 2020-09-25 14:09 | Report Abuse
just cut loss and switch to other better counter, the opportunity cost to wait it to come back is too high
Till now, AEON is still doing the same old shit, when other retailers are adopting IR4.0 and experiential retail