AEON CREDIT SERVICE (M) BHD

KLSE (MYR): AEONCR (5139)

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Last Price

6.31

Today's Change

+0.09 (1.45%)

Day's Change

6.05 - 6.31

Trading Volume

541,800

Overview

Market Cap

3,222 Million

NOSH

510 Million

Avg Volume (4 weeks)

462,490

4 Weeks Range

5.90 - 6.85

4 Weeks Price Volatility (%)

43.16%

52 Weeks Range

5.56 - 7.80

52 Weeks Price Volatility (%)

33.48%

Previous Close

6.22

Open

6.22

Bid

6.30 x 2,800

Ask

6.31 x 16,600

Day's Range

6.05 - 6.31

Trading Volume

541,800

Financial Highlight

Latest Quarter | Ann. Date

30-Nov-2024 [#3] | 19-Dec-2024

Next QR | Est. Ann. Date

28-Feb-2025 | 19-Mar-2025

T4Q P/E | EY

8.98 | 11.13%

T4Q DY | Payout %

4.48% | 40.22%

T4Q NAPS | P/NAPS

5.31 | 1.19

T4Q NP Margin | ROE

16.86% | 13.23%

Company Profile

Sector: FINANCIAL SERVICES

Sector: FINANCIAL SERVICES

Subsector: OTHER FINANCIALS

Subsector: OTHER FINANCIALS

Description:

Aeon Credit Service M Bhd primarily offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.

Discussions
7 people like this. Showing 50 of 2,434 comments

ykloh

What kind of contribution will the digital bank bring to ACS. It may be negative, at least in the initial years.

2023-12-11 16:02

up2_sky

"Today closing 11.30 . If based on average pe 9 , the fair value should be around 13.50"..
ivanlau, this was your comments right?

2023-12-11 16:05

jackjason

ykloh, initial investment in digital bank will impact the performance of ACR. But also not guarantee future can get benefit from digital bank and need continue pump in the money. In market how many digital can doing well and how many player get burn with exit the digital bank market. Is interest to know.

2023-12-11 23:33

beginner888

Disappointed QR

Aggressive & highest topline in the last 12 quarters yet low bottom line

Although significant impairment yet NPL is still high

2023-12-22 23:53

beginner888

Lending out is easy but if can not recover is useless

2023-12-23 00:07

flyhub888

still financial services is the most steady businesses nowadays

2023-12-25 00:38

loss9696

Ooh, no-ooh, and the sky is falling down

btw, does anyone know AEONCR is making more money when the interest rate is high or low?

2023-12-26 22:10

Pinky

AEONCR is not like your conventional banks, using depositors' money to lend out. They are raising market in the bond market mainly.

2023-12-27 09:09

James_Bond

Be informed that I closed my short on Aeoncr. Happy New Year 2024, Cheers!

2023-12-27 11:38

James_Bond

Ivanlau, agreed with you.

2023-12-27 11:55

fortunefire

down trend till the end of the year

2023-12-28 17:13

katara

rebound

2024-01-04 20:43

fortunefire

huat ah! tp: 6.x

2024-01-09 12:02

jazmaster

Moody’s Investors Service anticipates that AEON Bank Bhd will act as a driver for further growth in Malaysia’s Islamic banking sector, due to the strong awareness and interest in digital Islamic banking.

https://www.thestar.com.my/business/business-news/2024/01/16/moodys-aeon-bank-to-spur-islamic-banking-sector

2024-01-16 15:25

cindywang

have digital license

2024-01-23 08:22

cindywang

Aeon bank

2024-01-23 08:22

jazmaster

Yes, AEON Bank holds one of the two Islamic digital banking licences awarded by Bank Negara in 2022

2024-01-23 11:55

bearcomebullgone

wahhh bagus la ada digital bank

aeon bank terbang nnt

2024-01-24 09:18

Jack888

Going to fly soon ... if touch 6.20 and above..

2024-02-16 15:12

Jack888

Second round uptrend coming....chances to move higher....7.00 ???

2024-04-02 10:55

multi-bagger

moving up in anticipation of good qr?

2024-04-03 20:43

bearcomebullgone

best ka ada rm7 tp

janji tp rm8.2

2024-04-12 11:24

jazmaster

Blue chip stock and worth to hold for long-term

2024-04-26 19:36

jackjason

no momentum to up , time to consider dispose a bit

2024-05-09 01:30

DoubtfulBsk

no harm to chip in more

2024-05-28 17:37

leekh5555

investment grade stock, waiting to reach PE14.

2024-06-14 18:18

raymondroy

officially joined the aeoncr bandwagon :-) .... its gonna be a bumpy ride for sure, firstly looking forward to the 24c div on 4th of july, and thereon proper valuation for this 9x PER valued gem. Digital bank loss targeted for the year is RM160-170m.... of whioch aeoncr owns 50% therefore 80-85m a year or 20-21m loss a year, which is reasonable considering they are targeting at least 10% increased in receivable financing.... happy hunting :-) guys

2024-06-26 17:47

raymondroy

did i say 24c...... haha i meant 14c :-)

2024-06-26 17:47

zzprozaz

Post removed.Why?

2024-07-10 08:33

raymondroy

1st Qtr 31 May 2024 Results
Total transaction and financing volume in the current quarter of RM1.975 billion was higher by 7.8% as
compared to preceding year corresponding quarter. The Group recorded a total revenue of RM522.259 million,
which was higher by 15.4% as compared to the preceding year corresponding quarter mainly attributable to
stronger loan and financing growth.
The Group has equity accounted for its proportionate share of losses in AEON Bank (M) Berhad during the
quarter amounting to RM11.594 million.
Profit before tax (“PBT”) for the current quarter of RM144.825 million increased by 9.8% as compared to the
preceding year corresponding quarter.
PBT for the current quarter was recorded at RM144.825 million, a decrease of 10.9% compared to RM162.595
million in the immediate preceding quarter. The lower PBT was mainly due to the higher impairment losses on
financing receivables of RM163.457 million as compared to RM113.984 million recorded in the immediate
preceding quarter.
Good results :-)

2024-07-10 20:39

DickyMe

RM 4.50 coming soon.

2024-07-20 19:15

curiousq

Q2, 2025
The ratio of total operating expenses against revenue for the current quarter was recorded at 68.1% as compared to 58.3% in the preceding year corresponding quarter.
The increase in the ratio of operating expenses was mainly attributable to the higher impairment losses on financing receivables of RM193.584 million as compared to RM120.574 million for the preceding year corresponding quarter.

2 months ago

mesoan

why sudden spike in impairment?

2 months ago

DickyMe

Normal lah! That is how to songlap.

2 months ago

jazmaster

What is songlap?

2 months ago

1288Go

What's Songlap..??
(Strange pronunciation 😃)..

2 months ago

1288Go

Eh, Dicky..
Please what is Song lap !! Arh
😅🤣

2 months ago

1288Go

😂😆..
Songlap!!
Songlap!!

2 months ago

kimpeng

Songlap

1 week ago

multi-bagger

Lapsong

1 week ago

Taysz

I am planning to let go. The fundamentals are good quarter by quarter continuously. However, the stock price does not align with the financial fundamentals, which are continuously downward.

1 week ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Aeon Credit

Share price (RM)
1st Jan

2008 0.46
2009 0.41
2010 0.63
2011 0.65
2012 1.22
2013 2.30
2014 2.95
2015 2.93
2016 2.69
2017 3.99
2018 5.34
2019 6.51
2020 5.44
2021 4.65
2022 6.55
2023 5.82
2024 5.67
13.12.2024 6.25 Dividend 0.28

1 week ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Year to date
The Group recorded a lower PBT of RM333.811 million for the financial period-to-date as compared to
RM402.579 million in the preceding year corresponding period. The decrease was mainly due to the higher
impairment losses on financing receivables by RM116.420 million and higher other operating expenses of
RM89.392 million in line with increased transaction and financing volume. This is offset by the incremental
increase in revenue of RM214.766 million. The share of losses in AEON Bank for the financial period-to-date
recorded at RM45.511 million. Loan loss coverage ratio stood at 231% as at 30 November 2024 as compared
to 233% as at 30 November 2023.

3 days ago

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