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Overview
Financial Highlight
HeadlinesBusiness Background 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.
  ivanlau from rm 17 drop till 9.25, business still intact, super undervalue stock , good for long term investment ......... 27/07/2020 7:33 PM Good123 AEONCR Shareholding Changes Date of changeSharesDirector/ Substantial Shareholder20 May 2020Acquired 26,300Aberdeen Asset Management Plc20 May 2020Acquired 26,300Standard Life Aberdeen Plc (refer To Remarks)19 May 2020Acquired 73,700Aberdeen Asset Management Plc19 May 2020Acquired 73,700Standard Life Aberdeen Plc (refer To Remarks)18 May 2020Acquired 6,014,543Aberdeen Asset Management Plc18 May 2020Acquired 6,014,543Standard Life Aberdeen Plc (refer To Remarks) 11/08/2020 9:44 AM Good123 good Our preferred stock pick is Aeon Credit (ACSM MK, BUY, TP RM12.70 based on 13x CY21E EPS). We believe that there is a value proposition in Aeon Credit as we look to a recovery year in FY22E, with receivables growth of 9% yoy (vs. -3% yoy in FY21E) and a lower net credit cost of 304bps (vs. 358bps in FY21E). AEON Credit remains a key player in consumer financing through credit cards, personal financing, motorcycle financing and used-car financing. Its 'value-chain transformation project' comprises: i) online loan applications/ approvals; ii) a B2C2B digital marketing strategy; iii) the use of AI in its credit assessment model; and iv) process automation to help boost top-line growth and enhance operating efficiency. Aeon Credit's high ROE of 15.8% in FY22E is underpinned by the use of leverage and ability to generate an EIR at 16-17%, vs. traditional banking players at 5%. Source: Affin Hwang Research - 24 Jul 2020 11/08/2020 9:46 AM Good123 irresistible :) AEONCR Latest Headline 07 JulAffin Hwang Capital raises target price for AEON Credit to RM12.70 11/08/2020 9:48 AM Good123 upside potential is very high. no wonder takda funds Jual. add pulak ada 11/08/2020 10:25 AM Victor Yong A good or potential one :) ANCR Historical Data Time Frame: Monthly 08/22/2018 - 08/11/2020 Date Price Open High Low Vol. Change % Aug 20 8.78 9.16 9.16 8.75 121.00K -4.57% Jul 20 9.20 9.50 9.89 9.14 3.39M -3.26% Jun 20 9.51 9.00 10.60 8.95 5.89M 5.90% May 20 8.98 9.09 9.40 8.80 5.13M -1.43% Apr 20 9.11 8.41 10.70 8.33 10.65M 8.45% Mar 20 8.40 13.80 14.00 7.70 6.50M -39.13% Feb 20 13.80 12.90 14.38 12.66 3.67M 6.32% Jan 20 12.98 14.14 14.22 12.84 4.70M -8.20% Dec 19 14.14 14.90 15.06 14.14 2.62M -3.94% Nov 19 14.72 15.26 15.50 14.66 2.57M -3.79% Oct 19 15.30 14.60 16.40 14.58 2.16M 4.94% Sep 19 14.58 15.00 15.30 14.00 1.31M -2.80% Aug 19 15.00 16.50 16.54 14.70 3.83M -9.31% Jul 19 16.54 16.70 17.00 16.38 2.60M -1.55% Jun 19 16.80 16.10 17.00 16.10 3.48M 4.35% May 19 16.10 16.30 16.52 15.60 2.15M -1.23% Apr 19 16.30 16.82 17.10 16.20 2.90M -2.98% Mar 19 16.80 16.76 17.36 16.50 5.86M 1.57% Feb 19 16.54 15.90 17.30 15.90 2.40M 3.63% Jan 19 15.96 15.40 16.10 15.02 2.40M 4.31% Dec 18 15.30 15.40 15.68 14.60 2.50M 0.66% Nov 18 15.20 15.10 16.30 14.78 1.44M 0.66% Oct 18 15.10 16.16 16.30 14.70 2.77M -6.21% Sep 18 16.10 15.10 16.46 15.10 1.59M 6.62% Highest: 17.36 Lowest: 7.70 Difference: 9.66 Average: 13.80 Change %: -41.85 11/08/2020 11:52 AM Victor Yong probably, after accumulating enough shares at current undervalued price, rebound will happen quickly. fingers crossed 11/08/2020 11:53 AM Victor Yong Aeon Credit remains an attractive alternative (to banks) financial play 11/08/2020 11:56 AM Victor Yong Patient! :) Date Close 10/08/2020 8.80 07/08/2020 8.80 06/08/2020 8.93 05/08/2020 8.99 04/08/2020 9.00 03/08/2020 9.00 30/07/2020 9.20 29/07/2020 9.20 28/07/2020 9.21 27/07/2020 9.25 24/07/2020 9.41 23/07/2020 9.38 22/07/2020 9.41 21/07/2020 9.40 20/07/2020 9.44 17/07/2020 9.40 16/07/2020 9.26 15/07/2020 9.25 14/07/2020 9.36 11/08/2020 12:31 PM Victor Yong 52 Weeks Range: 7.70 - 16.40 Average Price Target: 10.84 Price Target Upside/Downside: +2.05 11/08/2020 12:33 PM Good123 expecting it to fly , its Q1 covered the worst months mar to may. next QR for Q2 , Results, should be much better 11/08/2020 3:44 PM Good123 Best AEON Credit Cards in Malaysia 2020: AEON BiG Visa Classic Get rewarded in daily things that you do - from grocery shopping to filling up petrol and even overseas and online transactions! Cash rebate, reward points or discounts; you name it, they have it. New AEON Visa Gold With special discounts at every AEON store nationwide and access to deals at over 1,500 partner stores, your shopping gets a whole lot more value. Collect those extra AEON member points when you shop at AEON on selected days of the month and additional cashback too! AEON Platinum MasterCard Get 5% cashback at AEON and AEON BiG every month and up to 4x AEON Reward Points with Platinum MasterCard. That's not all, enjoy complimentary access to airport lounges and movie rebates as well! New AEON MasterCard Gold Earn rewards faster and get exclusive offers from AEON stores. Enjoy special discounts at over 1,500 AEON partner stores nationwide. Not only do you get to collect AEON member points, you get up to 5% cashback on selected days of the month when you shop at AEON! AEON MasterCard Classic The everyday AEON MasterCard Classic Credit Card comes with exclusive offers from AEON Stores nationwide, payment flexibility, higher discounts, and exclusive privileges. Collect AEON member points with your AEON MasterCard today 11/08/2020 4:26 PM Good123 Overview of AEON Credit Cards in Malaysia Shopping at AEON stores is more rewarding with AEON credit cards! You can enjoy more savings with a high cash rebate rate when you spend during AEON Member Day, and collect reward points easily on retail transactions anytime you want. AEON Reward Points Turn every purchase of your essentials into a golden ticket to free gifts with an AEON credit card. It gets more rewarding when you shop at AEON and AEON BiG stores as you will collect AEON Points faster, which you can then turn into a handy shopping voucher. The AEON credit card point redemption program also lets you convert your points into cashback for every purchase made at any AEON BiG Stores nationwide using an AEON BiG credit card. 5% Cashback on Thank You Day Special One major AEON card benefit is whether you have a MasterCard or Visa, you can get 5% cash rebate on your spending during AEON BiG Thank You Day and AEON Thank You Day, every 20th and 28th of the month. You can also earn cashback when swiping on petrol, online, and overseas purchases, utility transactions and by spending using Visa payWave, every other day! AEON Member Privileges For AEON Platinum Visa and AEON Platinum MasterCard cardholders, your benefits open the gateway to a world of privileges. First, get unlimited access to all AEON Lounges in Peninsular Malaysia, and secondly, get movie ticket rebates every weekday when you purchase them at participating cinemas inside AEON and selected malls. 1. Free Airport Lounge Access Ever wondered what the KLIA Plaza Premium Lounge is really like? With an AEON credit card, you can have your curiosity satisfied with no cost to you at all. With up to 5x complimentary access to the Plaza Premium Lounge, you can enjoy the facilities and services provided for 3 hours before boarding your flight. Family and friends get 20% discount upon entry when you charge it to your AEON card. 2. Free Insurance Protection Travelling is not just about having fun, your family and your own safety are equally important too! Get complimentary Global Travel Insurance coverage for up to RM1 million, just by charging your flight ticket purchases to your AEON credit card Malaysia. This travel and personal accident insurance plan are underwritten by Tokio Marine Insurans (Malaysia) Berhad, also covers for the loss of travel documents, loss of money, loss of luggage and personal belongings, and flight and luggage delay. AEON Customer Service Whatever experience you have with your AEON credit card, share your thoughts and issues with AEON Customer Service at 03 2719 9999. You can also visit an AEON Credit Service branch or service counter, open 7 days a week and on public holidays. AEON card annual fee Annual fees are common for all credit cards. But with AEON cards, the annual fee is waived for the first year, no conditions whatsoever. You can still continue enjoying your credit card annual fee waiver for subsequent years when you hit the minimum spending or minimum transactions required in a year. AEON credit card balance transfer Save on your credit card debt with AEON Balance Transfer Plan. Consolidate your outstanding balances from other credit cards and transfer it to the AEON card at ZERO interest for 6 months’ repayment period. There is no processing fee and penalty for early settlement of your AEON balance transfer plan. AEON credit card installment plan Like what you see? Convert the purchase into a 0% installment payment plan. You have 2 options to choose: the AEON 0% Instalment Payment Plan for up to 36 months, or the AEON Cards Flexi Payment Plan with 18-months repayment tenure. Enjoy a low one-time interest rate when converting from a minimum of RM500 throughout the repayment period. An early settlement fee will be charged when you pay off the outstanding balance before maturity 11/08/2020 4:27 PM Good123 aeon credit - Personal Financing Application Choose your language / Pilih bahasa anda   Eligibility Nationality: Only Malaysians can apply Age: 18 years until 65 years old Financing Amount: RM1,000 - RM100,000 Minimum Gross Salary: RM1,500 Submit A New Application (You will need approximately 10-15 minutes to complete this application. You will need these documents ready.) 11/08/2020 4:30 PM Good123 AEON Credit We offer a range of services including the issuance of Credit Cards, Easy Payment schemes, Personal Financing and Insurance 11/08/2020 4:32 PM Good123 What your business needs Every business is different and so are their requirements. Whether yours is in need of Industrial Equipment, Commercial Vehicles or Computer Hardware or Software, we can help you finance them. 11/08/2020 4:34 PM Good123 Attractive financing terms With as much as 90% financing available and with tenures up to 60 months, theres no reason to wait. The future of your business needs investing in today. 11/08/2020 4:35 PM Good123 Overview Eligibility Sole proprietorships Partnerships Limited liability partnerships Private limited companies Public limited companies Types of Equipment Financed Industrial equipment and machineries for single - unit/series/mass production Commercial vehicles (e.g. Prime mover, lorry, buses, van, taxis, etc.) Construction Equipment (e.g. Excavators, backhoe loaders, bulldozers, etc.) Material handling equipment (e.g. Forklift, skylift, cranes, etc.) General equipment with good resale value and readily available for disposal in secondary market Computer systems – Hardware and software Furniture fittings and fixtures Documents Required Application forms Memorandum 11/08/2020 4:35 PM Good123 aeon credit APA pun Ada Group Credit Family Takaful What is Group Credit Family Takaful? It is a group family takaful plan for customers who take up Personal Financing so that their financing will be covered within the term of coverage in the event of Death or Total 11/08/2020 4:37 PM Good123 Motorcycle Financing HP-i With installment periods up to 84 months, our Motorcycle Financing makes owning one a whole lot easier.  Enjoy installment periods up to 84 months.  Enjoy rates as low as 0.40% per month (for qualified customer only)  We finance a wide range of motorcycle brands. Other Features 11/08/2020 4:38 PM Good123 Objective Financing Whether your home needs a new TV, Washing Machine or Sofa, our Object Financing Scheme makes payment easy.  You can get your application approved in 60 mins.  Flexible tenure up to 36 months  Special interest rate as low as 0.85% Other Features 11/08/2020 4:39 PM Good123 Merchant Finder Nearby AEON Merchants Select a State Johor Kedah Kelantan Kuala Lumpur Labuan Melaka Negeri Sembilan Pahang Perak Perlis Pulau Pinang Putrajaya Sabah Sarawak Selangor Terengganu Consumer Durable Easy Payment Motorcycle Financing Auto Financing 11/08/2020 4:42 PM Good123 LIST OF TOP THIRTY (30) SHAREHOLDERS AS AT 30 APRIL 2020
No. Name No. of Shares % of Shares 1. AEON FINANCIAL SERVICE CO LTD. 157,017,252 61.91 2. AEON CO. (M) BHD. 4,644,000 1.83 3. HSBC NOMINEES (ASING) SDN BHD BPSS LDN FOR ABERDEEN STANDARD ASIA FOCUS PLC 3,705,146 1.46 4. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (NOMURA) 3,304,154 1.30 5. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (ABERDEEN) 3,084,419 1.22 6. CARTABAN NOMINEES (TEMPATAN) SDN BHD PAMB FOR PRULINK EQUITY FUND 3,007,700 1.19 7. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR HONG LEONG VALUE FUND 2,580,000 1.02 8. HSBC NOMINEES (ASING) SDN BHD JPMBL SA FOR JPMORGAN FUNDS 2,362,686 0.93 9. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (AMUNDI) 2,361,000 0.93 10. CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STATE STREET BANK 11/08/2020 4:59 PM Good123 the worst is over for aeon credit, Q1 was mar to may. coming Q2, June to August should Improve. Quarterly rpt on consolidated results for the financial period ended 31 May 2020 AEON CREDIT SERVICE (M) BERHAD Financial Year End28 Feb 2021Quarter1 QtrQuarterly report for the financial period ended31 May 2020The figureshave not been audited Attachments ACSM - Quarterly Results for the First Quarter ended 31.05.2020.pdf 581.8 kB Default Currency Other Currency Currency: Malaysian Ringgit (MYR) SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2020 INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 May 2020 31 May 2019 31 May 2020 31 May 2019 $$'000 $$'000 $$'000 $$'000 1Revenue 385,272 378,588 385,272 378,588 2Profit/(loss) before tax 37,086 112,668 37,086 112,668 3Profit/(loss) for the period 26,279 84,600 26,279 84,600 4Profit/(loss) attributable to ordinary equity holders of the parent 26,279 84,600 26,279 84,600 5Basic earnings/(loss) per share (Subunit) 10.29 32.69 10.29 32.69 6Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00 AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 6.0100 6.1400 Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows: CountryBase UnitSubunitMalaysiaRinggitSenUnited StatesDollarCentUnited KingdomPoundPence Announcement Info Company NameAEON CREDIT SERVICE (M) BERHADStock NameAEONCRDate Announced25 Jun 2020CategoryFinancial ResultsReference NumberFRA-17062020-00023 11/08/2020 5:06 PM Good123 some people are of the opinion that aeon credit is a better alternative to banking and aeon other stocks 11/08/2020 5:08 PM Good123 Seasonal or Cyclical Factors
The Company normally benefits from the traditionally higher levels of consumer spending during festive seasons in Malaysia. 11/08/2020 5:18 PM Good123 KUALA LUMPUR (Aug 11): As business activities start to pick up with restrictions eased during Malaysia's Recovery Movement Control Order (RMCO), employment data could start improving as early as the current quarter, said Credit Suisse Malaysia head of research of global markets APAC Danny Goh. “We are hoping there will be gradual rehiring in 3Q and 4Q this year. Private consumption that drives 60% of GDP is the key to drive the recovery,” he pointed out. “We need to see the percentage of people who have lost their jobs and how many are re-employed by this 3Q and 4Q,” he noted last Thursday at RHB Asset Management's webinar on Malaysia: Time for a Reality Check? Goh said the vulnerable segment of labour force today according to data is the tourism-related sectors that account for 32% of labour force. Malaysia’s unemployment rate had hit a record high of 5.3% in May 2020 due to the Covid-19 pandemic impact on global economies. Nevertheless, Malaysia's June 2020 unemployment rate had declined month-on-month to 4.9% from the record high of 5.3% in May 2020 as more sectors reopened due to the implementation of the nation's RMCO to revive the country's economy while at the same time, curb the Covid-19 pandemic. The increase in the number of persons employed was apparent in the services sector, as the segment observed its first month-on-month growth since January 2020. The Department of Statistics Malaysia noted that among others, employed persons rose within the e-commerce activity, delivery services and information and communication technology-related activities. Data also show that the actively unemployed for less than three months reduced by 3.1% compared to the previous month. Meanwhile, the inactively unemployed or discouraged group who believed there were no jobs available shrank by 29%. The employment-to-population ratio increased 0.3 percentage points from the previous month to post 64.7%. UOB Global Economics 11/08/2020 5:43 PM tradetoinvest Bought some before market close. Who knows its even cheaper at closure today. 11/08/2020 7:05 PM tradetoinvest Tomorrow gdp report. Definitely bad, just not sure how deep is the damaged to bursa. Shld sell all and collect again nx week. 13/08/2020 1:26 PM OldWiseMan100 O&G Recovery - Serba Dinamik - 40 to 50% Upside Hidden Gem https://klse.i3investor.com/blogs/ndcg/2020-08-28-story-h1511677632-Serba_Dinamik_40_Upside_Hidden_Gem.jsp 21/09/2020 9:28 AM  Pinky @OldWiseMan100 you don't need to do promo until at totally irrelevant stock chatroom 21/09/2020 9:28 AM Pinky @Juniper super deep value stock. This is a well-managed company, top management is mostly Japanese. A few of my friends worked here I think gonna announce results soon, maybe got dividend? 22/09/2020 4:31 PM  | |
