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AEONCR (5139) : AEON CREDIT SERVICE (M) BERHAD
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 20 Mar 2013, 05:19 PMPost #61
Aeon Credit is holding very well at around RM12.70 with lots of transactions struck at sellers' pric...petracot @ 20 Mar 2013, 11:45 AM
Hi Petracot, loved your infos on ACS and thank you for the updates... What do you think is the fair value for this co. and would you recommend to keep buying at this price? Thanks
hkwlau
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Posts: 2
Joined: Jun 2012		 20 Mar 2013, 10:01 PMPost #62

Hi Petracot, loved your infos on ACS and thank you for the updates... What do you think is the f...Investor101 @ 20 Mar 2013, 05:19 PM
Based on last year record, Aeon Credit is expected to make announcement on 20th April 2013 as this is Q4 result which requires auditing. I expect the EPS to be about $1.00.
What is more interesting to me is the coming quarters results which to my guess would be surprises, particularly with the new income flow from AEON Big.
At $13.00, it is fair price for the moment. As for the rest of the year, it may justify for much higher price, probably $16 by year end, pending the unfolding of coming quarters exciting results!
petracot
Member Star
Posts: 133
Joined: Jul 2012		 20 Mar 2013, 10:24 PMPost #63

Hi Petracot, loved your infos on ACS and thank you for the updates... What do you think is the f...Investor101 @ 20 Mar 2013, 05:19 PM
My estimate is RM14 for the medium term of 1 to 2 years. hkwlau's RM16 may be right too but probably in a longer term. We all are making intelligent guesses; one thing is sure, Aeon Credit is a growing stock and the price will keep appreciating. It is a question of how much.
petracot
Member Star
Posts: 133
Joined: Jul 2012		 10 Apr 2013, 12:33 AMPost #64
Aeon Credit has breached the RM14 mark today, closing at RM14.16 per share. This is quite unexpected, moving very much faster than I thought of. Anyway, the market is still waiting for the announcement of 4Q financial result. Judging from the price movement, the company should be releasing a set of sterling results coupled with decent dividend, latest by April 20.

It is pretty hard now to predict share price of Aeon Credit because a few sectors of the company are growing simultaneously, namely credit card, SME financing, used car financing and expansion of easy payment through Aeon Big. May be, RM16 would be within striking range for the next 2 years.
petracot
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Posts: 133
Joined: Jul 2012		 10 Apr 2013, 09:01 PMPost #65
Aeon Credit moved up significantly today, up 34 sen up to close at RM14.50 per share. Apart from the impending good results, the other factor that causes current price appreciation of Aeon Credit is that Aberdeen has been buying. This is the fund that sold Aeon Credit down to RM10.30 some two months ago! At present, Aberdeen holds more than 9 million Aeon Credit shares, about 6.38%. Share price has moved some 40% within last one month plus alone; I think its time for the counter to consolidate for a while. Too much good thing in too short a time may not be that healthy.
pputeh
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Posts: 3
Joined: Apr 2013		 17 Apr 2013, 04:06 PMPost #66
Today Aeon Credit moved up another 40sen.the stock is now 15.28.Whats happening.Is there any news on this counter.Why is it flying so to say.Anyone knows
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 19 Apr 2013, 01:28 AMPost #67
Aeon Credit 4Q profit soars 41%, revenue jumps 40%

Thu, 18 Apr 2013 10:41:18 GMT

Aeon Credit 4Q profit soars 41%, revenue jumps 40%

KUALA LUMPUR (April 18): AEON CREDIT SERVICE (M) BHD [] posted a net profit of RM39 million for its fourth financial quarter ended Feb 20, 2013, up 40.7% from RM27.7 million in previous corresponding quarter.

Its revenue for the quarter stood at RM131.7 million, up 39.7% from RM94.3 million.

In a filing to Bursa Malaysia, the company said: “The results achieved were due to continued growth in business, coupled with improved cost efficiency from sharp growth in receivables in the year and lower ratio of net impairment loss charge for the financial year.”

Higher growth was recorded for the vehicle financing and personal financing operations.

On the back of this strong set of results, the company announced a final single tier dividend of 19.50 sen per share (previous corresponding period – 16.80 sen), to be paid on July 16, 2013.

For the 12 months to Feb 2013, the company’s revenue rose 35.7% growth to RM467.1 million while its net profit soared 40% to RM134.1 million from RM95.6 million.

On prospects, the company expects “to be able to maintain its good performance in the current financial year based on current strong demand and positive market trend”.



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FattChoy
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Posts: 25
Joined: Dec 2012		 19 Apr 2013, 10:58 AMPost #68
Buy on Rumours, Sell on News.
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 19 Apr 2013, 08:39 PMPost #69
Buy on Rumours, Sell on News.FattChoy @ 19 Apr 2013, 10:58 AM
Maybe they were expecting 50% rise in profit...
petracot
Member Star
Posts: 133
Joined: Jul 2012		 07 May 2013, 12:35 PMPost #70
Aeon Credit made a very strong recovery yesterday, moving up about a Ringgit to closed at RM15.24 apiece. This morning, it moved further to touch RM15.50 per share. Price fluctuates in the short term and it can move down to RM14+ again if market loses steam. However, in the medium, I think the price should hover around RM16, perhaps within next 1 or 2 years.
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 08 May 2013, 09:21 AMPost #71
Aeon Credit made a very strong recovery yesterday, moving up about a Ringgit to closed at RM15.24 ap...petracot @ 07 May 2013, 12:35 PM
I wud say ACS is trading at fair/ undervalue at the moment... with 30-40% increase in profit each year, she's the elephant Warren Buffet has been talking about
petracot
Member Star
Posts: 133
Joined: Jul 2012		 10 May 2013, 05:44 PMPost #72
It is quiet a big surprise that ACS zoomed past the mark of RM16. One of the main reasons of this strong showing is the persistent buying of ACS shares by Aberdeen Fund. They seem to have so much confidence in the company. At this juncture, I don't dare to predict any price for ACS. The only way to assess the company now is to monitor the quarterly results and announcements for any current or future business plans.
Coming_Millionaire
Member Star
Posts: 5
Joined: May 2013		 14 May 2013, 05:34 PMPost #73
Long term this is a good company.. from the pass record.. revenue and profit grow since IPO
petracot
Member Star
Posts: 133
Joined: Jul 2012		 28 May 2013, 10:03 PMPost #74
The annual report of Aeon Credit Service (ACS) has just been out. There is one item in the report worth noting. ACS Malaysia has a 20% stake in ACS India which has just commenced operation early this year. Although it will take at least another few years before ACS India can see any profit, ACS Malaysia will benefit substantially in the future. India has 1.2 billion people, 40 times that of Malaysia.
pputeh
Member Star
Posts: 3
Joined: Apr 2013		 03 Jun 2013, 04:50 PMPost #75
The annual report of Aeon Credit Service (ACS) has just been out. There is one item in the report wo...petracot @ 28 May 2013, 10:03 PM
Thanks for info. Will keep a look out for Annual Report
pputeh
Member Star
Posts: 3
Joined: Apr 2013		 03 Jun 2013, 05:00 PMPost #76

Thanks for info. Will keep a look out for Annual Reportpputeh @ 03 Jun 2013, 04:50 PM
My gut feeling. This co. Is about to call for a rights and sweeten it with bonus issue. Wait till August and see what happens
petracot
Member Star
Posts: 133
Joined: Jul 2012		 18 Jun 2013, 11:59 AMPost #77
ACS has just announced its 1Q result: 28.71 sen per share, growth of 47% over that of last year. First quarter from Feb to May is usually the weakest period because it does not coincide with any festive season. The next quarter will see even stronger set of financial data due to Hari Raya season.

The only word to describe ACS performance is "phenomenal". Share price shot up to as high as RM17.88 compared with yesterday's closing of RM16.60 per share.

There is still plenty of steam in ACS. The benefits of enlarged business base through incorporation of 28 Aeon Big outlets is yet to be felt.
devan
Member Star
Posts: 14
Joined: Jun 2013		 21 Jun 2013, 03:18 PMPost #78
The Ex-Date is 28 June 2013. If buy the share now, means will be entitled to the dividend in 16 July 2013?
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 26 Jun 2013, 09:13 PMPost #79
The Ex-Date is 28 June 2013. If buy the share now, means will be entitled to the dividend in 16 July...devan @ 21 Jun 2013, 03:18 PM
A friend of mine asked me what is the difference between ex date and entitlement date, can anyone here clarify? Thanks
Investor101
Member Star
Posts: 24
Joined: Feb 2012		 26 Jun 2013, 09:13 PMPost #80
The Ex-Date is 28 June 2013. If buy the share now, means will be entitled to the dividend in 16 July...devan @ 21 Jun 2013, 03:18 PM
A friend of mine asked me what is the difference between ex date and entitlement date, can anyone here help to clarify? Thanks

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