HwangDBS lifts Aeon Credit’s target price
Page 1 of 1
HwangDBS lifts Aeon Credit’s target price
HwangDBS Vickers Research raised Aeon Credit Service’s target price to RM9.20 per share from RM7.00 previously following the better-than-expected results posted by the credit provider on Thursday.
“Aeon Credit’s fourth quarter ended Feb 20, 2012 net profit jumped 43 percent year-on-year and 10 percent quarter-on-quarter to RM27.7 million, taking full-year earnings to RM95.6 million or 7 percent above our estimate,” the broker said in a research note on Friday.
Maintaining "hold" on the counter, HwangDBS also raised Aeon Credit’s fiscal year ending Feb 20, 2013 loan and funding growth assumption to 23 percent from 19 percent previously.
“Growth for personal financing and credit card loans should remain robust, while Aeon’s easy payment (general and vehicle) will grow at a moderate pace due to a larger base,” it added. -- Reuters
“Aeon Credit’s fourth quarter ended Feb 20, 2012 net profit jumped 43 percent year-on-year and 10 percent quarter-on-quarter to RM27.7 million, taking full-year earnings to RM95.6 million or 7 percent above our estimate,” the broker said in a research note on Friday.
Maintaining "hold" on the counter, HwangDBS also raised Aeon Credit’s fiscal year ending Feb 20, 2013 loan and funding growth assumption to 23 percent from 19 percent previously.
“Growth for personal financing and credit card loans should remain robust, while Aeon’s easy payment (general and vehicle) will grow at a moderate pace due to a larger base,” it added. -- Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics
» HwangDBS sees promising growth prospects for Aeon Credit
» HwangDBS raises MMC target price by 38%
» HwangDBS maintains MMHE target price
» HwangDBS raises Wing Tai's target price
» CIMB Research maintains Add on Muhibbah, lifts target price to RM3.48
» HwangDBS raises MMC target price by 38%
» HwangDBS maintains MMHE target price
» HwangDBS raises Wing Tai's target price
» CIMB Research maintains Add on Muhibbah, lifts target price to RM3.48
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|