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Last Price Today's Change   Day's Range   Trading Volume
1.33   +0.01 (0.76%)  1.31 - 1.33  733,600
3,675 comment(s). Last comment by firehawk at Jul 23, 2021 10:43 AM
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niceprofit
36 posts

Posted by niceprofit > May 6, 2021 12:56 PM | Report Abuse

Aeon buy solar power from malakoff..why price drop?


TreeTopView
384 posts

Posted by TreeTopView > May 6, 2021 4:45 PM | Report Abuse

lol.....is that a serious question?


TreeTopView
384 posts

Posted by TreeTopView > May 8, 2021 10:28 AM | Report Abuse

What a week! Yet another week of Covid affecting the overall market, no surprises there, unfortunately.
For the short term at least, there was at least a couple of positives, although there is no guarantee they will remain. The KLCI support of 1,555 remained in place as we saw an upward bounce from 1,556. As for Aeon, it was able to hold the 1.17 support level so now needs to break the former 1.24 support level to have any chance of moving upwards.

If only I had a crystal ball to know if that will happen. Overall market sentiment is weak and non committal, so I'm not holding my breath for a strong rebound for now.
The Quarterly should be out in around 2 weeks time but will any positive news be enough to help a price rise? I've got no bloody idea :)
Good luck....and stay safe and smart.


FutureGains
9450 posts

Posted by FutureGains > May 8, 2021 2:35 PM | Report Abuse

HIDE....many aeon is hotspot area...Beware monday


niceprofit
36 posts

Posted by niceprofit > May 9, 2021 7:05 AM | Report Abuse

https://www.nst.com.my/news/nation/2021/05/688915/retail-associations-say-hide-system-grossly-unfair


TreeTopView
384 posts

Posted by TreeTopView > May 9, 2021 10:11 AM | Report Abuse

Yep, the circus continues to roll along with all the clowns taking centre stage.
Perhaps naively, I used to have hope for this country but even that thought is steadily going out the window.
May possibly see a knee jerk reaction on Monday to the latest news with the funds taking the opportunity to drop the price.

Oh well, such is life ~~~


niceprofit
36 posts

Posted by niceprofit > May 11, 2021 12:41 AM | Report Abuse

Well its total mco now..no more hope..


apple168
4799 posts

Posted by apple168 > May 11, 2021 5:49 AM | Report Abuse

Aeon malls are labeled as HIDE!


apple168
4799 posts

Posted by apple168 > May 11, 2021 5:51 AM | Report Abuse

We r wondering if AEON really screen each and every of their customers for temperature before entering the outlets?!


firehawk
3800 posts

Posted by firehawk > May 19, 2021 8:25 PM | Report Abuse

AEON Posts Higher Profit After Tax of RM22.0 Million in 1Q FY2021

Kuala Lumpur, 19 May 2021 – AEON CO. (M) BHD. (AEON Malaysia or the Company)
posted a higher profit after tax for the first quarter of the financial year 2021 (1Q FY2021)
of RM22.0 million compared to previous year corresponding quarter of RM7.5 million, an
increase of 194%.
This comes on the back of the Company’s agile, entrepreneurial and “genba” approach to
respond to the COVID-19 pandemic resulting in improvements in merchandise gross
margin, changes to marketing mechanics and sustainable cost reduction structures.
Similarly, profit from operations and profit before tax rose to RM72.7 million and RM41.8
million respectively compared to previous year corresponding quarter of RM64.0 million
(13% improvement) and RM25.4 million (65% improvement) respectively.


firehawk
3800 posts

Posted by firehawk > May 19, 2021 8:26 PM | Report Abuse

Customers’ safety is always the Company’s top priority. To maintain physical distancing,
access restrictions were implemented at AEON malls and stores nationwide throughout
the pandemic, for example, by limiting the number of people between 150 to 300 persons
only at any one time in AEON supermarkets depending on the space of the premises. The
reduced patronage has reduced total revenue for the period under review which stood at
RM1.013 billion, 15% lower compared to the preceding year corresponding quarter of
RM1.191 billion.


TreeTopView
384 posts

Posted by TreeTopView > May 20, 2021 8:36 AM | Report Abuse

Taking into consideration the current covid situation, I would have thought this is a very good quarterly result.
Revenue mainly in line or marginally higher than I expected.


Bgt 9963
4105 posts

Posted by Bgt 9963 > May 20, 2021 8:45 AM | Report Abuse

Good morning...!


ABSBOSS
833 posts

Posted by ABSBOSS > May 22, 2021 7:59 PM | Report Abuse

No total lockdown.. 1.30 coming


WenJun
495 posts

Posted by WenJun > May 25, 2021 2:43 PM | Report Abuse

It’s been a while since I touch Aeon, was expecting it to stay sub-1.20, but looking not too bad now, although the volume isn’t too convincing. Could it be a backtest of 1.24~1.25 resistance level (previous support level)?


TreeTopView
384 posts

Posted by TreeTopView > May 25, 2021 5:29 PM | Report Abuse

Yep, needs to break 1.24, then we MIGHT see it back at 1.28/1.30.
I've been quite impressed with their last two quarterlies, as they seem to be getting some traction in the business model changes. That bodes well for the future when we eventually get out of this Covid shambles.

I remain a holder but have not picked up any extra trading stock.


CUTLOST
4265 posts

Posted by CUTLOST > May 30, 2021 8:23 PM | Report Abuse

Aeon come on.


TreeTopView
384 posts

Posted by TreeTopView > May 31, 2021 9:44 AM | Report Abuse

I decided to put a couple of bids in at 1.17 and 1.18 before open, hoping for an initial panic dump. Close, but no cigar :((
Back to the drawing board~~~


TreeTopView
384 posts

Posted by TreeTopView > Jun 14, 2021 3:05 PM | Report Abuse

A quiet morning with only 307K of shares traded but now the big boys are having a battle at 1.31/1.32 on increasing volume. Almost 2 million gone through this afternoon in the first 30 minutes.


Will188
699 posts

Posted by Will188 > Jun 27, 2021 5:27 PM | Report Abuse

https://www.change.org/TempStopRSSBursa


unicornbird
37 posts

Posted by unicornbird > Jul 11, 2021 4:03 PM | Report Abuse

Anyone knows how many new stores Aeon can open in future? currently only 24 stores, can they easily add another 10 stores?


apple168
4799 posts

Posted by apple168 > Jul 12, 2021 2:14 PM | Report Abuse

https://malaysiasentinel.com/japanese-german-and-dutch-investors-tell-mahiaddin-we-may-leave-malaysia/


tyrotry
63 posts

Posted by tyrotry > Jul 12, 2021 2:52 PM | Report Abuse

will Aeon pull out?


unicornbird
37 posts

Posted by unicornbird > Jul 13, 2021 8:50 AM | Report Abuse

dont worry, they wont pull out. Japan invade malaysia during ww2 for resources, now they can legally own a share of the economy via aeon. why would they exit?


firehawk
3800 posts

Posted by firehawk > Jul 23, 2021 10:43 AM | Report Abuse

Given the lack of positive re-rating catalyst in the near term, we maintain our HOLD call with unchanged TP of RM1.16, based on unchanged 19x FY22 earnings. Despite the various strategies put in place we reckon earnings will be subdued following the longer-than-expected store closures with elevated Covid-19 cases.

Source: Hong Leong Investment Bank Research - 23 Jul 2021

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