AEON is a Japanese Brand, hence management is overseen by Japanese, Which is why we should have least worry. The dividend will be consistent, the management will be great.
But short term, things are not looking good, especially when AEON is taking over the loss making AEON-BIG
Its a 10-years project and thats very long, until then AEON might not ever reach its former glory days.
I still say its a good stock to buy, but just keep in mind it wont be able to reach back to RM4 anywhere in this 5 years. Probably RM2 is possible, but what to worry right? good dividends
Retail is the way to go for you wanna bet on vaccine boost. see overseas market all retail 40% boost. KLSE not yet. By the time then don't say didn't sapu cheap sales. Sapu sapu sapu
AEON is already struggling hard pre-covid, and that's mainly caused by oversupply of malls, where rental income is its main source of profit. Recovery theme wont magically uplift this counter when the fundamental issues remain unsolved.
AEON’s 3Q20 results met expectations. Operations at both its retail and property management services segment have turned around and we expect earnings to gradually recover in sequential quarters. No change to our earnings estimates. Rolling forward our valuation base year to FY21, our TP is raised to MYR1.07 (from MYR0.84) based on lower 14x PER (- 1.5SD to 5-year mean; previously 21.5x, -0.5SD to 10-year mean) to better reflect AEON’s current operating environment. Hence, we U/G AEON to BUY with a total shareholding return of 46%.
3Q20 core net profit of MYR21m (+146% YoY, 2Q20 core net loss: MYR3m) brought 9M20 core net profit to MYR27m (-56% YoY), reflecting 49%/44% of our/consensus full-year earnings estimates. We deem this within our expectations as we anticipate for seasonally stronger sales in 4Q. No dividend was declared during the quarter.
AEON’s 3Q20 revenue grew by 4% QoQ on the back of improved consumer spending upon easing social distancing measures during the recoveryMCO, and lesser impact from rental waivers. This was evident in both its retail (+3% QoQ) and property management services’ segmental revenue (+7% QoQ). Further, 3Q20 EBIT surged 83% QoQ while EBIT margins increased by 3.3 ppts QoQ, similarly due to margin recovery in both its core segments (retail: +3.4 ppts QoQ; property management service: +9.2 ppts QoQ).
We leave our earnings estimates unchanged. We are encouraged by AEON’s robust turnaround in earnings post-initial stages of the MCO and we anticipate for sequential earnings to continue on an uptrend given that 4Q sales are historically boosted by festive sales. Although the CMCO may soften retail sales, we expect AEON’s earnings to be supported by stable property management services segment which accounted for 95% of AEON’s 3Q20 EBIT.
I will thank you if you have the volume holding onto this aeon and start selling selling selling selling to 50 cents then can reach 50 cents! Please do so then no mercy buy buy buy!!
Technicals are showing the possibility of hitting the first target point of 85/86. Clearly volume needs to increase substantially today and tomorrow. The overall market performance today isn't helping, no doubt due to the uncertainty of the budget vote.
The quarterly report should have enough positives in it to support the current technical outlook, IMO.
"TreeTopView Technicals are showing the possibility of hitting the first target point of 85/86. Clearly volume needs to increase substantially today and tomorrow."
That is part of what I posted on Thursday when it was trading at 78.5. It closed at 85.5 the same afternoon and retraced slightly on Friday to close at 84.5. A very good outcome from its Thursday "spike"
Revised targets using the current price:
TP 1: 89.5 TP 2: 94.2 TP 3: 1.03
Possible speed bumps along the way of 92 and 96.5.
I have 81.5/ 82 as a possible retracement price from the move up to Thursday's 85.5 close. Friday's price and volume indicates to me that it won't be a factor. Watch for consolidation and eventual move up to 89.5.
KUALA LUMPUR (Nov 28): A total of 9.6 million people or 30% of Malaysia’s population are expected to be vaccinated against Covid-19 next year, said Prime Minister Tan Sri Muhyiddin Yassin today.
The prime minister said the government had signed two agreements for the procurement of Covid-19 vaccines.
Yesterday, he announced that the government had inked a preliminary purchase agreement with pharmaceutical company Pfizer to get a supply of 12.8 million doses of Covid-19 vaccines to meet immunisation needs of 20% or 6.4 million of the Malaysian population.
'’Apart from the agreement with Pfizer, the government also signed an agreement with the COVAX facility to get Covid-19 vaccines to meet immunisation needs of [another] 10% of the Malaysian people.
“Insya-Allah (God willing), we will receive the vaccine supply in stages beginning from the first quarter of next year,” he said in his policy speech at Parti Pribumi Bersatu Malaysia's (Bersatu) annual general assembly held virtually today.
Muhyiddin, who is Bersatu's president, said he is confident that with access to the vaccines and continued efforts to break the chain of Covid-19 infection, the country could bring the disease under complete control, and help revive its economy and improve the people’s well-being.
LUMPUR (Nov 28): A total of 9.6 million people or 30% of Malaysia’s population are expected to be vaccinated against Covid-19 next year, said Prime Minister Tan Sri Muhyiddin Yassin today.
The prime minister said the government had signed two agreements for the procurement of Covid-19 vaccines.
Yesterday, he announced that the government had inked a preliminary purchase agreement with pharmaceutical company Pfizer to get a supply of 12.8 million doses of Covid-19 vaccines to meet immunisation needs of 20% or 6.4 million of the Malaysian population.
'’Apart from the agreement with Pfizer, the government also signed an agreement with the COVAX facility to get Covid-19 vaccines to meet immunisation needs of [another] 10% of the Malaysian people.
“Insya-Allah (God willing), we will receive the vaccine supply in stages beginning from the first quarter of next year,” he said in his policy speech at Parti Pribumi Bersatu Malaysia's (Bersatu) annual general assembly held virtually today.
Muhyiddin, who is Bersatu's president, said he is confident that with access to the vaccines and continued efforts to break the chain of Covid-19 infection, the country could bring the disease under complete control, and help revive its economy and improve the people’s well-being.
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....
Superb99
6,603 posts
Posted by Superb99 > 2020-11-19 10:46 | Report Abuse
Another slow counter, epf bought so much but price so so only