For QE30/11/2018, AEONCR's net profit rose 8.1% q-o-q or 23.5% y-o-y to RM87 million while revenue rose 4.6% q-o-q or 11.6% y-o-y to RM349 million. Pre-tax profit rose 10.1% q-o-q to RM118.072 million mainly due to lower impairment loss on financing receivables of RM61.514 million for the current quarter and RM95.263 million for the immediate preceding quarter.
Table: AEONCR's last 8 quarterly results
Graph: AEONCR's last 46 quarterly results
AEONCR's financial position is deemed acceptable with current ratio at 1 time while gearing ratio is elevated 4.3 times.
AEONCR (closed at RM14.84 yesterday) is now trading at a PE of 11 times (based on last 4 quarters' EPS of 134.68 sen). At this PER, AEONCR is deemed fairly attractive. In addition, it pays a decent dividend with DY of 2.85% (based on last year dividend of 42.25 sen).
AEONCR is in an uptrend. Its immediate support is the horizontal line at RM14.70.
Chart: AEONCR's weekly chart as at Dec 20, 2018 (Source: Malaysiastock.biz)
Despite satisfactory financial performance, AEONCR is still a good stock for long-term investment in view of its fairly attractive valuation and still positive technical outlook.
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