<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on July 28, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Aeon Credit Service (M) Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SHARES in Aeon Credit Service (M) Bhd (fundamental: 0.9/3, valuation: 2.1/3) triggered our momentum algorithm yesterday for the second time this month.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The stock rose 58 sen or 4.14% to close at RM14.60, with 524,000 shares traded, compared with its 200-day average volume of 66,024 shares.</p></div>

<div class=newsTextDataWrapInner><p>For the first quarter ended May 31, 2016 (1QFY17), Aeon Credit’s net profit grew 7.71% to RM62.73 million, from RM58.24 million, on higher revenue and other operating income.</p></div>

<div class=newsTextDataWrapInner><p>Other operating income of RM27.57 million comprised mainly of bad debts recovered, commission income from the sale of insurance products and Aeon Big loyalty programme processing fees.</p></div>

<div class=newsTextDataWrapInner><p>Non-bank institution revenue improved 12.56% to RM261.64 million, from RM232.44 million, while the total transaction and financing volume in 1QFY16 stood at RM1.01 billion.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at a trailing 12-month price-earnings ratio of 8.68 times, and is 2.46 times its book value. Its trailing 12-month dividend yield is at 4.24%.</p></div>


This article first appeared in The Edge Financial Daily, on July 28, 2016.

 

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