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AEONCR (5139) : AEON CREDIT SERVICE (M) BERHAD
petracot
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Posts: 133
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Male, MYS
29 Aug 2012, 01:16 PMPost #21
The BI has been duly approved yesterday. The excitement of chasing the stock up to EGM date is over and the share price corrected itself significantly. The next run up will probably take place when the BI entitlement date is announced, which should be forth coming in September.
petracot
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30 Aug 2012, 01:07 PMPost #22
The company has announced the ex-bonus issue date: 11/09/2012. No wonder the second leg of rally took off this morning! The share price touched as high as RM13.62 but closed off at RM13.30 for the morning session, up by 42 sen. Most probably, the expected good 2Q result will be announced after the entitlement date of BI. The stock will very likely be actively traded right up to the ex-bonus issue date. There is very high probability that the share price would hit RM14 mark.
petracot
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Posts: 133
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Male, MYS
06 Sep 2012, 01:48 PMPost #23
Aeon Credit was sold down to as low as RM11.72 but closed at RM12.10 by noon. This is perhaps an opportune time for those who missed the boat to nibble into the counter. The ex-Bonus date is 11 Sept, which means there is still 3 days left for bargain hunting.
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
08 Sep 2012, 12:22 PMPost #24
Those who were brave during the last few days of market downturn would have been rewarded. Aeon Credit rebounded strongly from the low of RM11.72 to closed at RM12.92 on Friday.

Monday is the last day of trading Aeon Credit shares on Cum-BI basis. Let's watch the closing price at the end of Monday and calculate the theoretical ex-BI price.
Tenshin
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Male, MYS
09 Sep 2012, 08:25 PMPost #25
Those who were brave during the last few days of market downturn would have been rewarded. Aeon Cred...petracot @ 08 Sep 2012, 12:22 PM
With current political climate, will Aeon be affected?
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
10 Sep 2012, 12:06 AMPost #26
In the short term, yes but not in the longer term. We are buying the business of Aeon Credit because of its performance. Fluctuations come and go but good performance prevails over circumstances.
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
10 Sep 2012, 08:12 PMPost #27
Aeon Credit closed today at 12.78 and tomorrow the counter goes ex-BI. Based on this price, the theoretical ex-BI is RM10.65 per share. The price may fluctuate between RM10 to RM11 tomorrow onward. However, with the strong earning growth of the company, it is probable that the share price would hit RM12 again before the end of 2013.
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
11 Sep 2012, 10:14 PMPost #28
Aeon Credit closed at RM10.90 today, up 26 sen from the ex-BI price of RM10.64 per share. Not spectacular but substantial gain, considering the fact that the market is in a deep correction mode for the last few days, and that most stocks are swimming in the sea of red ink. The next advance would probably come in the next few weeks when the 2Q result is released together with announcement of a dividend. By then, we should see the share price cruising past RM11 mark effortlessly.
petracot
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Posts: 133
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Male, MYS
14 Sep 2012, 12:15 AMPost #29
Aeon Credit dropped 20 sen to closed at RM10.72 per share. This could be due to the scheduled listing of 24 million new shares resulting from the recent BI tomorrow. Although Aeon Credit is a blue chip now with good prospect of long term growth, some shareholders may decide to take profit, which is very normal. Any dip in the share price of this counter is an opportunity to buy. Watch out for the soon-to-be-released 2Q results and dividend payment!
petracot
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Joined: Jul 2012
Male, MYS
18 Sep 2012, 08:52 PMPost #30
A substantial shareholder, Mitsubishi UFJ Financial Group, Inc. ("MUFG") has just bought 1,851,600 Aeon Credit shares on 11/09/2012. MUFG now owns a total of 11,109,600 or 9.258%. They have been buying Aeon Credit for the last few years when the price was as low as below RM3 and the current purchase was struck at a price above RM10 per share. It is worth noting the confidence of MUFG shown in Aeon Credit.
petracot
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Posts: 133
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Male, MYS
20 Sep 2012, 12:16 AMPost #31
The chairman of Aeon Credit bought a total of 62,180 shares on 13 Sept, 2 days after ex-BI. When an insider buys shares, it is a good sign because he has privileged information of good things happening. Of course, he has to declare his dealings and that is how we can interpret the future movement of share price.
ILoveDividend
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20 Sep 2012, 05:16 PMPost #32
What a fantastic stock....
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
20 Sep 2012, 09:27 PMPost #33
Aeon Credit has just declared the 2Q results: 50.15 sen per share which is an increase of 41% over last year's earning. At the same time, the company has also declared an interim dividend of 16 sen single tier for the enlarged capital base after BI. No wonder the Chairman bought shares from the open market on 13 Sept 2012.
petracot
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Posts: 133
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29 Sep 2012, 12:12 PMPost #34
There were waves of selling beginning from from Sept 11 - the ex-BI date. Many of those who received bonus issues shares cashed out in the last three weeks. It is of course understandable as the market was soft during that period of time - a bird in the hand is worth two in the bush. The share price was pushed down close to RM10 at the lowest ebb.

I think the selling has dried up and the share price rebounded strongly recording a close of RM10.52 last Friday. Most likely, Aeon Credit is on the path to the north again with RM11 within its striking range. The 16 sen single tier dividend will go ex on 2 OCT.
petracot
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Male, MYS
01 Oct 2012, 01:02 PMPost #35
Consumer sector will benefit from the recent budget. Firstly, there is an 1 1/2 month bonus for all civil servant. Secondly, there will be much tax savings for the middle income group which may range from RM400 to RM1,000 due to reduction in tax rates. All this excess money will find its way into consumer market.

Aeon Credit, being the largest consumer-good financier will definitely benefit from the excess money sloshing around in the consumer market.
petracot
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Joined: Jul 2012
Male, MYS
06 Oct 2012, 10:33 PMPost #36
Recent article in BT reported that Aeon Credit Service is seeking acquisitions in the financial services industry to diversify its business.

"The company wants to further expand beyond consumer finance to tap rising demand from smaller companies and for used-car loans," Managing Director Yasuhiro Kasai said in an interview in Kuala Lumpur on 6/10/2012.

Aeon Credit Malaysia will make purchases that “help us grow faster,” Kasai said. “We go for the middle-sized or bigger companies because they have more talented people and much bigger customer base.”

Writer's comment: Reputable company like Aeon Credit does not simply make press statements. When they do, they mean it and they will do it. New acquisitions will complement the existing organic growth and accelerate the earning growth.
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
13 Oct 2012, 04:46 PMPost #37
It was a fantastic week for Aeon Credit. The share price shot up from RM10+ to smashed through the RM11 barrier, closing the week at RM11.40 per share. Some light selling by Aberdeen, a substantial institutional shareholder was noted. All the shares available were mopped up by a stream retail buyers.

Selling by Aberdeen does not mean Aeon Credit is over-priced. They have their own reasons: may be they are switching counters or may be they need to raise cash to meet redemption by their unit holders. As it is, Aeon Credit still has a lot of steam.
petracot
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Posts: 133
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Male, MYS
27 Oct 2012, 02:57 PMPost #38
It has been reported that Aeon of Japan will buy over the 23 stores of Carrefour Hyper Market of Malaysia at USD250 million. The deal may be completed as soon as next week as reported by Star today.

While Aeon and Aeon Credit are not directly related, they are nevertheless sister companies with a common parent company Japan Aeon. Acquisition of Carrefour chain will open up more consumer financing business for Aeon Credit. In addition, Aeon Credit will benefit from the management of loyalty cards for members of newly acquired outlets.

This new acquisition of the Carrefour chain may be the single most important catalyst that will push share price of Aeon Credit beyond the RM12 mark in the near future.
petracot
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Joined: Jul 2012
Male, MYS
01 Nov 2012, 09:36 PMPost #39
It is confirmed that Aeon Japan is buying 26 hypermarkets of Carrefour Malaysia for 250 million Euro (about RM1 billion). When the news was published today, share price of Aeon came down 20 sen to RM12.28 but Aeon Credit moved up 38 sen to RM12.34 at closing.

The reason is very simple: in the short to medium term, Aeon Credit will benefit more than Aeon. Below is the explanation:

a) Carrefour Malaysia is a losing money concern. It would take Aeon probably a few years to turn it around. At the same time, Aeon might have to borrow money to fund the purchase. Interest incurred would eat into the current profit of Aeon.

b) Aeon Credit can move in and capitalised on the consumer financing of Carrefour customers. Aeon Credit will also benefit by managing loyalty cards of Carrefour members. The beauty of the situation is that Aeon Credit can make profits without having to spend much additional cost.
petracot
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Posts: 133
Joined: Jul 2012
Male, MYS
02 Nov 2012, 06:51 PMPost #40
It is reported that Aeon Malaysia will not take over Carrefour but instead, the parent company Aeon Japan will operate the acquired hypermarket chain and rename it as Aeon Big. This is bad news for Aeon Malaysia because Aeon Big will to some extent cannibalize Aeon Malaysia. That is why price of Aeon Malaysia continues to fall.

However, the news of separate operator for the new chain remain good news for Aeon Credit.Regardless of who operates the new chain, Aeon Big is a sister company of Aeon Credit and there will vast opportunity for expansion in consumer financing. That is why price of Aeon Credit keeps rising, up by 56 sen to hit RM12.90 today.

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