TreeTop.. good analysis..Aeon has shown resilience in difficult environment..I am counting on 4% dividend which will boost the share price even higher...
Looks more like a long-legged doji (indecision candle) to me, so tomorrow is quite crucial for it to determine future direction. With some supports underneath, it may have to consolidate around 1.03 before more upsides
Technically, Aeon overshot the runway a little bit on Wednesday's trading due to the announcement of reopening shops on Tuesday night.
I'd mentioned during the day on Tuesday that once Rm1 was broken that I thought there would be a bit of a traffic jam up to 1.04 before any move further up. That theory got blown out of the water with Tuesday night's announcement.
However, thankfully we are back at the 1.04 price point and able to reset for the next step up.
COVID 19 changed the routine! Ppl r buying from online shop for instance Lazada, Shopee, Taobao etc... not going to Aeon anymore! Aeon is a value trap now!
If the uptrend remains intact, look for the following price points:
TP 1: 1.08 TP 2: 1.11/ 1.12 TP 3: 1.15/ 1.16
Current points to keep in mind are the Quarterly results, due in about a week's time. Also an announcement clarifying if they are going to retain the dividend policy, which was previously 4 cents.
That's the fourth day in a row it has touched 1.08 intraday and the second day in a row that it has closed at the day's high of 1.08. Considering the state of the overall market during the last few days that's not a bad effort. Volume has also slowly increased over those four days too, although not big numbers.
We can perhaps dream of a better overall market tomorrow and maybe.....JUST MAYBE....Aeon can try to break 1.08 and head towards 1.12 before the Quarterly report.
CZ is not worth the risk at its current premium, because its exercise ratio is 3:1. This means that you need the mother share price to be 1.18 for it to worth 0.01; 1.21 for it to worth 0.02, and so on. Please correct me if I am wrong with the calculations.
I think AEON QR would be very good and they might even announce dividend. Otherwise why would AEON keep collecting when it's disposing other counters for i-Sinar and EPF dividend
Could not say you are wrong. There is ton of formulae out there in the web to extract the intrinsic value of Warrant and ppl could miss out hidden value from its intrinsic value. Ppl buying warrant to cut big tree with smaller jigsaw overnight. With current gearing ratio of C1, ppl should just buy its mother share instead, for unsurprising loss/gain.
Buy at your own risk. Ride on AEON upcoming QR. Cheers!!
Considering the overall lacklustre performance of the market this week, Aeon has performed reasonably well. Closing at 1.09 (just) on Friday can be seen as a positive, although it will need some solid action (volume) on Monday to confirm it has actually broken through the 1.08 resistance point.
My gut feeling is that it will keep moving upwards, basing that decision on the buying interest this week in a very soft market.
Let's see what Monday brings and if it can start heading to that next price point of 1.12.
Aeon next resistance around 1.12 and subsequently 1.15. It may breach these 2 levels very soon.
AEON done well to restructure its operations recently especially to put AEON Big under the same roof, where it can earn management fees as well as cross-selling of products. And it is finding various ways to reduce costs and you can see an impressive last quarter despite lower revenue. Most impressive is its initiatives to go into B2B segment or larger families as well as opening of its virtual mall, with 4,000 of its existing tenants
With the vaccination programme commences soon and positive results from usage of Pfizers and BioNTech, with high efficacy rate even the first jab is gonna be a recovery play. I believe there is a pent-up demand once economy is fully uplifted
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Posted by MYinvestor > 2021-02-10 15:44 | Report Abuse
roadblock at 1.07