Bursa Alert
Global Market
NewsHwangDBS sees promising growth prospects for Aeon Credit
Page 1 of 1
HwangDBS sees promising growth prospects for Aeon Credit
by Cals Fri 19 Apr 2013, 16:46
HwangDBS sees promising growth prospects for Aeon Credit
Business & Markets 2013
Written by Bernama
Friday, 19 April 2013 14:37
A + / A - / Reset
KUALA LUMPUR, April 19 (Bernama) -- HwangDBS Vickers Research has forecast promising growth prospects for AEON CREDIT SERVICE (M) BHD [] (ACSM), driven by its core businesses.
In a note today, HwangDBS said it expects loan growth to be sustainable at above 20 per cent, with net profit forecasts of RM156 million (16 per cent increase year-on-year) in financial year 2014 and RM191 million (22 per cent year-on-year) in financial year 2015.
"Efforts are being made to also expand its other income, and the new initiative includes business process outsourcing (BPO), payment gateway and e-money," it said.
It said ACSM has kicked off the BPO with credit recovery services for third party and launched prepaid cards (under payment gateway) on a small scale.
"We view this positively as ACSM diversifies its revenue base to grow income which is not capital intensive," it added.
HwangDBS said the company's strong financial year 2013 results were as expected, as the fourth quarter financial year 2013, was largely driven by strong income growth from vehicle easy payments.
The research house has maintained a "hold" call at a target price of RM16.10.
Business & Markets 2013
Written by Bernama
Friday, 19 April 2013 14:37
A + / A - / Reset
KUALA LUMPUR, April 19 (Bernama) -- HwangDBS Vickers Research has forecast promising growth prospects for AEON CREDIT SERVICE (M) BHD [] (ACSM), driven by its core businesses.
In a note today, HwangDBS said it expects loan growth to be sustainable at above 20 per cent, with net profit forecasts of RM156 million (16 per cent increase year-on-year) in financial year 2014 and RM191 million (22 per cent year-on-year) in financial year 2015.
"Efforts are being made to also expand its other income, and the new initiative includes business process outsourcing (BPO), payment gateway and e-money," it said.
It said ACSM has kicked off the BPO with credit recovery services for third party and launched prepaid cards (under payment gateway) on a small scale.
"We view this positively as ACSM diversifies its revenue base to grow income which is not capital intensive," it added.
HwangDBS said the company's strong financial year 2013 results were as expected, as the fourth quarter financial year 2013, was largely driven by strong income growth from vehicle easy payments.
The research house has maintained a "hold" call at a target price of RM16.10.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» HwangDBS lifts Aeon Credit’s target price
» Aeon Credit’s consumer loan growth expected to be ‘soft’
» Update Aeon Credit declares 24 sen dividend, posts 22.6% y-o-y profit growth in 4Q
» Credit Suisse sees Malaysia’s GDP growth to outperform regional peers
» CIMB Research sees slower loans growth, higher credit costs this year
» Aeon Credit’s consumer loan growth expected to be ‘soft’
» Update Aeon Credit declares 24 sen dividend, posts 22.6% y-o-y profit growth in 4Q
» Credit Suisse sees Malaysia’s GDP growth to outperform regional peers
» CIMB Research sees slower loans growth, higher credit costs this year
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|