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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.
  memorylane Results totally rebounded after 1 weak quarter only... not bad... even better than last year yoy, although is a slight improvement... 29/09/2020 5:59 PM  Pinky @memorylane maybe due to prudence they made high provision for bad debt losses Then actually the recovery rates not as bad as they thought 29/09/2020 6:06 PM Foker Worst than last quarter, looks like hire purchase business is going to be bad bad for some time 29/09/2020 6:20 PM Foker Business is bad, bad, dividend also cut because management anticipating bad QR ahead 29/09/2020 6:22 PM Pinky @Foker in this gloomy times the results reported are considered more than decent already. 29/09/2020 7:45 PM Foker Lol, I not scared to tell the truth. Not like anyone read the comments here 29/09/2020 7:45 PM Jeffreyteck AEON Credit says difficult to predict Covid-19 impact on business.... if easy to predict many can be the management and bod. Lol. Looks like they are just like the majority. 30/09/2020 7:20 AM eskay67 Loan loss coverage ratio reported at 417% at end of August 2020 vs 342% at end of August 2019 - seems to be prudent ... 30/09/2020 10:00 AM Jeffreyteck Est Nov and Feb results should be poor yoy. Priced in, buy. Not yet priced in, be patient. 01/10/2020 7:58 AM Pinky See the chart After the March super drop, its establishing a base before go up (2 times dah) Now it establishing base again 23/10/2020 12:17 PM alan26334 CMCO will not good for this counter as provision for impairment will cut the profit further. 25/10/2020 11:12 AM RainT cannnot based on NTA to invest NTA can be refer as supplement reasons only 02/11/2020 12:47 PM Pinky Profit may be down but volume of transactions and net interest margin up. Positive! Don't sell! 22/12/2020 9:50 AM Pinky I beg to disagree, I think this result calls for "hold". Of course not to buy now, but doesn't warrant a sell. 22/12/2020 2:45 PM Pinky Kenanga punya TP is one of the more conservative one. Affin Hwang more bullish But then again u see their previous TPs Keep on upgrading So take it with a grain of salt 22/12/2020 4:39 PM Ricky Yeo https://www.aeoncredit.com.my/ul/1608609923984_2020aeoncr_presentation_q3fye21.pdf 24/12/2020 10:42 AM  | |
