Deciding where the low will be with this stock is a bit like choosing the winning lotto numbers. The chart looks ugly and although it's showing oversold, I think it's impossible to select a buy price.
Aberdeen Asset are still selling and still hold 5.4% of the company, so will they sell more no matter what the price is? Simply impossible to tell.
I'm still quite keen on the stock as a buy and hold for a mid/long term investment but still not anywhere near ready to hit the BUY button yet and will look for a confirmation of a reversal in price.
Retail market changed totally. Online+small retailers everywhere. Aeon is weak in pricing, huge operating cost, huge borrowings but good as a relaxing place and supported by epf. ST trading play.
Good job to those who were brave enough to buy in the 70/71 price range. Me, I got nothing. Saw that weird trade to 75 just after the lunch break and it looked a bit too spooky to me, so left it and had to go out in the afternoon. Very good volume with just a touch over 4 million in the end of day match up.
Contaminated water that will reportedly be released into the sea from the wrecked Fukushima Daiichi nuclear power plant contains a radioactive substance that has the potential to damage human DNA, a Greenpeace investigation has said.
Epf simply has non stop incoming cash flows but limited options, so continue to accumulate wishing for possible u turn. Results is unlikely to improve significantly. Trading play waiting for chief traders to goreng.
Vaccine news boost the Aeon to further up spike. With vaccine all the daily activities will resume normal and peoples will go shopping without fear. This sector is the direct beneficial of the vaccine news same as the airline sector. Comparison of EPS and P/E of other similar sector or competitors as follows: 1) Parkson : Lost making company , EPS=-39 , P/E=-0.36 2) Mr DIY : EPS 7.23 cents , P/E =31.54 3) SEM : EPS 3.3cents , P/E =40.2 4) Mynews : EPS -0.13 , P/E=-438 5) AEON : EPS 3.93 , P/E= 19.87
Besides low P/E , Aeon have consistent growth on the revenue and net profit from 2016-2019. Just buy and keep and you will never regret for this fundamental counter.
Our channel checks indicate that footfall in the shopping malls have collapsed to 15%-30% from 80%-90% previously; retail sales dropped by between 60% and 80% in October since the occurrence of a third wave of the virus, ” he told StarBiz.
A quick-take survey by Associated Chinese Chambers of Commerce and Industry of Malaysia indicated a bearish revenue outlook as more than 40% of respondents expected their revenue to drop by more than 20% in the fourth quarter of 2020 and the first quarter of 2021, with almost 48% of businesses operating in Selangor, Kuala Lumpur and Sabah expecting their revenue to decline by between 21% and more than 50%.
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....
mf
28,643 posts
Posted by mf > 2020-10-20 08:45 | Report Abuse
Globally, as of 2:01pm CEST, 19 October 2020, there have been 39,944,882 confirmed cases of COVID-19, including 1,111,998 deaths, reported to WHO.