【AEONCR 5139 交流专区】永旺信贷

Mr.Business

新闻。

Aeon Credit net profit exceeds forecast        
Published: 2008/04/16

AEON Credit Service (M) Bhd, a consumer credit provider, beat its forecast net profit for fiscal 2008 and expects to do better in 2009.

It made a net profit of RM33.4 million for the year to February 20 2008, a 69 per cent surge from the previous year.

The company, which had its initial public offering last year, told investors that it aims to make a net profit of RM30.5 million in 2008.

Revenue for the year was up by 31 per cent to RM151.8 million.



Aeon Credit managing director Naruhito Kuroda attributed the profit growth to successful festival promotions and strong consumer spending, especially in the third and fourth quarter.

"The company expects further improvement in its performance for the financial year ending February 20 2009, based on continued expansion of the company's financing business," Aeon Credit said in a statement to Bursa Malaysia.

In 2008, its three major products, namely easy payment schemes, personal financing schemes and credit cards, had strong double digit revenue growth.

Kuroda said during the year, the company improved its services to consumers. This included having automated teller machines for easier cash disbursement.

More stores also joined its easy payment schemes.

The company's credit cards in circulation had also increased to about 89,000 by the end of the financial year.

Aeon Credit's non-performing loans (NPLs) ratio continued to improve from 2.4 per cent in 2007 to 2.15 per cent as at February 2008.

"The company's low NPL ratio is a reflection of its prudent lending policy and effective credit management and recovery efforts," he said.

Aeon Credit has proposed a final dividend of 7.44 sen per share less tax for the financial year under review. This translates to a payout ratio of 34 per cent.

Aeon Credit, a subsidiary of Japan's Aeon Credit Service Co Ltd, has has been providing consumer financing services in Malaysia since 1997.

http://www.btimes.com.my/Current ... /Article/index_html

Mr.Business

业绩表现超预期 永旺信贷盈利前景看俏 2008/04/18 12:43:58
●南洋商报

（吉隆坡17日讯）永旺信贷（AEONCR，5139，主板金融股）2008财年业绩表现超越市场预测，在其电单车分期付款业务持续增长，预测其2009及2010财年营业额，将分别取得30％及20％增长。

亚欧美证券行指出，永旺信贷的电单车分期付款业务占有8％市场份额，预计将有很大的增长潜能。

其2009及2010财年的税后盈利，也将分别增长19％及23％。

至目前为止，该公司已善用其高达2亿3千万令吉的回教债券便利，并可在2008年杪筹集额外1亿7千万令吉。

鉴于永旺信贷的增长空间庞大，加上其母公司——日本永旺信贷服务愿意放手任由该公司自行发展，包括进行海外扩展，分析员持续看好该股，并维持“买入”评级，目标价格为3.45令吉。

另一方面，日本永旺信贷服务计划在今年杪，于菲律宾及越南开始营运信用卡业务。

目前，永旺信贷也正为其母公司研究市场，放眼进军印度、新加坡及文莱。

该公司目前已在印度设立一家办事处，期望能进一步扩展。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=834802

Mr.Business

通膨惡化料拖累貸款成長‧銀行呆賬風險走高
吉隆坡）銀行領域表現是經濟的“溫度計”，儘管國內銀行體系仍然堅挺，但政府大幅度調高燃油價將引發通膨壓力加劇，進而可能拖累銀行貸款成長，尤其是零售銀行領域，以及呆賬可能面對走高風險。

分析員預計銀行至今年杪的總貸款成長按年將揚升8%，比較2007年底為8.6%。

消費貸款的放緩更顯著反映在房貸和車貸上，個人貸款和信用卡貸款可能反而走高，因高通膨削弱消費者的開銷能力。

凈利按季下滑5.9%

國內銀行業的盈利動力在今年首季已放緩，核心凈利按季下滑5.9%（去年末季按季漲7.6%），因兩大銀行鉅子馬來亞銀行（MAYBANK，1155；主板金融組）和土著聯昌（COMMERZ，1023；主板金融組）都交出令人失望的成績單。

亞歐美研究認為，銀行股在近期欠缺催化劑的拉動，對此領域保持“中和”，首選股為高回酬的大眾銀行（PBBANK，1295；主板金融組），保留“買進”大馬投資（AMMB，1015；主板金融組）。

經過首季業績出爐後的小幅調整，分析員原預計2008年銀行股獲利將勁揚14.4%，主要由營運收入增長和貸款虧損準備金下滑的拉動，2009年的銀行股獲利預計則達7.5%。

淨利料上揚12.5%

亞歐美透露，核心銀行獲利在2008年估計上揚12.5%，2009年則起9.1%，這不包括一次過的5億8000萬令吉脫售土著聯昌保險業務的賺利、、馬銀行售出呆賬共達1億4000萬令吉（2008），以及大眾銀行與ING達保險策略聯盟所支付的2億令吉信準款項。

隨著汽油價格的劇幅上漲，亞歐美預計國內經濟成長將受衝擊，把2008年的國內生產總值成長預測從5.7%下調至5.3%，整體經濟的效應將更顯著的反映在消費開銷上，後者佔實質國內生產總值約53%，進而導致貸款成長面對下滑的風險。

預計銀行業在今年杪的總貸款成長按年將揚升8%（2007年底為8.6%），家庭貸款按年上揚7.5%，以及商業貸款按年起8.8%，進而面對滑落的風險。

消費貸款的放緩更顯著反映在房貸和車貸，個人貸款和信用卡貸款則可能反而會走高，因消費者的消費能力可能受到鉗制。

個人信貸或走高

銀行的資產素質，尤其是零售銀行領域在呆賬可能走漲下或稍微面對風險，但並不會很嚴重，因零售銀行的貸款份量比企業貸款低。

家庭貸款佔銀行總貸款的55%，貸款每下調1%，銀行業盈利僅削減1%-3%。

回顧截至2008年3月底的銀行股業績表現，該行表示，除了大眾銀行之外，馬來亞銀行和土著聯昌業績表現令人失望，歸咎於證券和衍生產品蒙受虧損和資金市場的疲弱。

Mr.Business

AEON Credit的股权分布：
Lembaga Tabung Angkatan Tentera得到IPO-Bumiputra allocation by MITI，用RM2.50的价钱买了15,000,000股 (12.5%)。

Aeon Credit Japan持有61.85%股份。


17/12/2007宣布股息RM0.054
Interim Dividend of RM0.0405 per share less 26% income tax and a Special Dividend of RM0.0135 per share less 26% income tax in respect of the financial year ending 20 February 2008
EX-date： 02/01/2008

15/04/2008宣布股息RM0.0744
Final Dividend of 7.44sen per share less income tax of 26% for the financial year ended 20 February 2008.
EX-date： 30/06/2008

Mr.Business

15/04/2008的新闻稿：
http://announcements.bursamalays ... 074825742C00302091/$File/Apr%2008%20-%20Press_release_results_100408.doc

Press release
AEON Credit net profit up by 69%

AEON Credit posted higher net profit of RM33.39 million surpassing its forecasted net profit of RM30.5 million as disclosed in its listing prospectus by 9.49%, which translated into growth of 69% over the previous year net profit. This resulted in improvement of earnings per share from 25.02 sen in FY 2007 to 32.65 sen for FY 2008.

The Company attributed the strong growth to successful festival promotions and strong consumer spending, especially in the third and fourth quarters of 2008. The total revenue for the year increased by 30.8% to RM 151.8 million from RM116.04 million in 2007 which was largely due to diversified growth from various revenue sources. This was reflected in the increase in revenue from the 3 major product segments, namely easy payment schemes, personal financing schemes and credit card, with annual growth in revenue for the segments being 30%, 43% and 29% respectively.

During the year, the Company further improved its services to consumers, including the introduction of ATM services, which facilitated instant cash disbursement for the AEON Cash Personal Financing scheme. There was continued expansion for the Easy Payment schemes with increasing number of participating merchants nationwide. Meanwhile, the Company’s credit cards in circulation had increased to approximately 89,000 as at end of the financial year.

AEON Credit’s non performing loan ratio continued to improve further from 2.40% in 2007 to 2.15% as at February 2008. The Company’s low NPL ratio is a reflection of its prudent lending policy and effective credit management and recovery efforts.

The Board of AEON Credit will seek shareholders approval at its forthcoming Annual General Meeting in June 2008 to declare a final dividend of 7.44 sen per share less 26% income tax for the financial year ended 20 February 2008, which amounts to a payout ratio of 34% against its net profit for the financial year ended 20 February 2008. AEON Credit had paid total gross interim/final dividends and special dividends of 11.49 sen and 1.35 sen respectively per share for the financial year ended 20 February 2008 i.e. total annual gross dividend payment of 12.84 sen per share.

Future growth and expectations
Mr Kuroda, further stated, “With our good performance in FY 2007, which is illustrative of consumers response to our financing solutions, AEON Credit will further strategise its consumer financing business to offer more products and services that will benefit consumers.”

XXXXX

In conjunction with the press release that was released on 15 April 2008, the Company wishes to announce the following errata.
1. There was a typo in the revenue graph for year 2008. The amountshould read as RM 152 million. The figure of RM188 million is in factthe figure for Operating Income which includes “Other operating income”besides the “revenue” category.

2. The Company wishes to further clarify as follows with regard to the fifth paragraph of the press release :-

(i) The total dividends payout ratio for the financial year ended 20February 2008 is 34% of the net profit of the year, including theproposed final dividend.

(ii)The total gross dividends of 12.84 sen per share includes theproposed final dividend to be paid subject to approval by shareholdersat the Annual General Meeting .

[ 本帖最后由 Mr.Business 于 10-6-2008 01:31 AM 编辑 ]

Mr.Business

好奇问问，这里有谁是Kawan Aeon Credit？

Mr.Business

新闻。

saturday February 2, 2008
50,000 users targeted annually for new card

PETALING JAYA: AEON Credit Service (M) Bhd expects to sign up 50,000 cardholders for its newly launched CRUIZE Visa credit card annually over the next three years, managing director Kuroda Naruhito said.

The target could be achieved, given that the credit card would be offered to existing Automobile Association of Malaysia (AAM) members and promoted nationwide, he said.

“Besides advertising, we are promoting the card at various PLUS locations (rest areas along the highway) for the coming holidays as well as the advantages of being an AAM member,” he told reporters after the card launch yesterday.

Naruhito added that the two-pronged strategy would help AEON Credit and AAM increase their card and membership base respectively.

“It is important for us to work with strategic partners with a large retail base from which we can further enhance customer benefit and create a win-win situation for all parties,” Naruhito said.

AEON Credit has a base of about 100,000 cardholders while AAM has 160,000 members. The association aims to draw one million road users as members.

New card members would also be able to enjoy waivers on AAM’s joining fees and annual fees on the credit card for the first year.

“CRUIZE cardholders will also enjoy benefits such as free towing, a special accident care programme, discounts and privileges from motoring participating merchant brands such as Brother’s car accessories, Cars International and Motor Trader,” Naruhito said.

In conjunction with the launch, AEON Credit also unveiled its AEON Touch ‘n Go Zing card linked to the CRUIZE Visa or any other AEON credit card.

“Our credit cards automatically reloadthe AEON Zing card whenever the balance falls below RM50,” Naruhito said.

AEON Credit card business and marketing group general manager Stephen De Souza said the company was targeting to launch three more credit cards in similar tie-ups with reputable merchants before the end of the year.

http://biz.thestar.com.my/news/s ... 72&sec=business

Mr.Business

公司网站是：
http://www.aeonmalaysia.com.my/

Mr.Business

Aeon Credit过去几年的Capital Adequacy Ratio (%):
2004 14.99%
2005 13.14%
2006 18.59%
2007 18.225
2008 24.83%

什么是Capital Adequacy Ratio？
A measure of a bank's capital. It is expressed as a percentage of a bank's risk weighted credit exposures.


Also known as "Capital to Risk Weighted Assets Ratio (CRAR)."

Investopedia Says...         
This ratio is used to protect depositors and promote the stability and efficiency of financial systems around the world.
Two types of capital are measured: tier one capital, which can absorb losses without a bank being required to cease trading, and tier two capital, which can absorb losses in the event of a winding-up and so provides a lesser degree of protection to depositors.

http://www.investopedia.com/terms/c/capitaladequacyratio.asp

http://en.wikipedia.org/wiki/Capital_adequacy_ratio

Mr.Business

Institution         AEON Credit Service (M) Berhad

Headlines        
RAM assigns enhanced AAA(bg)/P1 ratings to AEON Credit’s proposed debt issue

Date Announced         15 January 2007

RAM has assigned enhanced long- and short-term ratings of AAA(bg) and P1, respectively, to AEON Credit Service (M) Sdn Bhd’s (“AEON Credit” or “the Company”) proposed Commercial Paper/Medium-Term Notes under a Conventional and Islamic Programme, with a combined limit of up to RM400 million (“CP/MTN Programme”). The long-term rating has a stable outlook. The proceeds from the proposed CP/MTN Programme will be utilised as working capital and to finance the Company’s investments in equipment, systems and other assets, in line with the growth of its business and network.

Meanwhile, the enhanced long-term rating reflects the strength of the unconditional and irrevocable guarantees provided by 3 financial institutions: Bank of Tokyo-Mitsubishi UFJ Ltd, Labuan Branch; Malayan Banking Berhad; and Mizuho Corporate Bank Ltd, Labuan Branch. All 3 banks are viewed to have the highest safety for timely payments on financial obligations. The backing of these bank guarantees enhances the credit profile of the proposed CP/MTN Programme beyond AEON Credit’s stand-alone long-term rating. However, the short-term rating of P1 does not carry the same enhancement, as it already equals the short-term credit strength of the guarantor banks.

AEON Credit, which commenced operations in 1997, had been established by AEON Credit Service Co Ltd (“AEON Credit Japan”) as part of the expansion strategy for its consumer-financing business in Asia, further to its earlier entry into the Hong Kong and Thailand markets. AEON Credit is involved in the financing of consumer durables via easy-payment schemes, personal financing under Syariah principles and, more recently, the issuance of credit cards. On 17 August 2005, the Company obtained Bank Negara Malaysia’s (“BNM”) approval to operate its credit-card business in Malaysia, which is regulated under the central bank’s Payment Systems Act 2003. AEON Credit has now expanded its easy-payment financing business to over 5,000 merchants/retail stores nationwide.

AEON Credit possesses good asset quality on account of its vigilant monitoring and collection of accounts; its commendable performance is underpinned by its lucrative margins of more than 20%. Financial support from its parent, AEON Credit Japan (rated A-/Stable/-- by Standard and Poor’s), is also viewed to be strong – as evidenced by the capital infusion earlier this year to support the Company’s credit-card business, as well as its pledge to BNM to provide continuous funding and support to AEON Credit.

Analyst
Lee Kai Siew

http://www.ram.com.my//custom.cfm?name=press.cfm&id=1571

Mr.Business

原帖由 kycek 于 10-6-2008 07:46 PM 发表
因为culture和structure的问题。未来的发展肯定会不清晰，因为它都是看PANASONIC JAPAN HQ (MEI) 的命令办事。关于管理层，PANAMY大概没两三年就会换管理层。因为所谓的管理层其实也是MEI派来的高层。

原帖由 Mr.Business 于 11-6-2008 09:19 AM 发表
kycek兄，请问这类日本公司管理层会有冲劲吗？我在看AEON Credit，不过她的管理层应该也是两三年就会换一轮。

原帖由 kycek 于 11-6-2008 09:40 AM 发表
每个新上任的MD,都会有一股冲劲和ambitious,如要执行什么什么酱。
比如今天的MD是technical出身的，他会比较注重production
明天的MD是business出身的，他会比较注重operation.
问题是，他们的plan还没跑完，已经被MEI招回去了。新的又来了。。。。

但肯定是，比较critical的如成本控制，财政管理还是会照旧。
成本控制令到有和Panasonic deal过的人，大概知道，要做它的生意是相当难的。

Panasonic 在malaysia 的问题是，MEI在这里setup太多independent 的公司，
如同一盆散沙，没有linkage. 所以大家对身为全球最大的家电(PANASONIC)印象不深刻

补充一点，我选它的其中原因是，
我不怕它有假账，也不会有，真的是居家良药，养老一流。。哈哈哈哈

要了解它，大家不妨去找找为何当年PANAMY要上市的原因。

http://chinese4.cari.com.my/myfo ... tra=page%3D1&page=2

Mr.Business

文告。

[Embargo - To be released on 17 December 2007, after 5.30 p.m.]

AEON Credit declares interim dividend

AEON Credit Service (M) Berhad (AEON Credit or Company), which was listed on the Main Board of Bursa Malaysia Securities Bhd last week, has declared gross interim dividend of 5.4 sen per share, which includes a special gross dividend of 1.35 sen per share.

The interim dividend have been declared based on good performance recorded by the consumer finance company for the half-year ended 20 August 2007. The interim dividend, usually declared in the 3rd quarter of the year, is only being declared at this juncture in the 4th quarter of the Company’s fiscal year ending 20 February 2008 due to the proposed listing of the Company which was only completed in the current quarter.

The total net interim dividend payment of RM4.80 million, including the special dividend, represents dividend payout ratio of 37.37% against the Company’s net profit of RM12.85 million for the six months ended 20 August 2007. The Company had also earlier announced its results for the nine months ended 20 November 2007 which reflected growth in net profit after tax by 71.6% from the same period in 2006.

kycek

哇。。为什么我的贴在这里出现了？？？

我对AEON Credit没兴趣。。。
因为面对
大的如carrour, giant, tesco, Isetan, Parkson
小的如the store, billion, econsave
零售的竞争太大了。。。。
不断的削价，最终得益的不会是Jusco (AEON)。

油价大起更降低了人们的消费能力。

[ 本帖最后由 kycek 于 11-6-2008 10:54 AM 编辑 ]

Mr.Business

看来AEON Credit的Personal loan生意会不错，motorcycle easy payment也会不错，goods easy payment就会差点。。。

Monday June 16, 2008
Forced to take up a second job to make ends meet

PETALING JAYA: At 5pm sharp every day, clerk Badrishah Bani, 43, rushes off from his office to start his second job – as a petrol station attendant.

Being the sole breadwinner of his family, Badrishah said he had no choice but to take up another job to make ends meet, following the increase in petrol prices.


Proper planning: Badrishah summing up his utility bills as he tries to match his household expenses to his monthly income.

The father of three said on average, the total household expenditure was RM100 or more per day.

“With RM3,000, how is it possible to pay for everything?” he said.

He said his previous RM500 expenditure on groceries per month had increased by at least 20%.

“Although essential items such as chicken and vegetables have gone up by only a couple of sen, it still accounts for a lot of money accumulatively,” said Badrishah.

However, he has refuses to cut down on his food bill, as he believed there should always be food on the table.

All entertainment and holidays for his family have been put on hold to ensure there was sufficient pocket money for his children, two of whom are studying.

On loan repayments for his car and house, Badrishah said this alone took up RM850, while another RM1,000 was spent on household utility bills.

Meanwhile, a single mother has resorted to setting up a stall selling breakfast near her house in Cheras since the fuel price increase.

The mother of three, who only wanted to be known as Mary, said she had to wake up at 4am to start preparing the food to be sold.

Her 25-year-old daughter, who earns RM800 a month working as a part-time waitress, helps her out at the stall.

Previously, Mary only relied on the RM680 from her husband’s pension.

http://www.thestar.com.my/news/s ... 21539084&sec=nation

Mr.Business

新闻。

Monday June 16, 2008
AEON Credit sees smooth management
THE CEO INTERVIEW
By DALJIT DHESI

AEON Credit Service (M) Bhd does not expect the looming threat of higher inflation to affect its business performance owing to its vast experience in managing consumer credit financing.

Managing director Naruhito Kuroda said AEON Credit had gained the knowledge and expertise in managing consumer credit financing in Malaysia over the past 11 years to maintain a stable non-performing loan ratio.

“We have always adopted a prudent credit assessment process when evaluating the eligibility of customers and effective credit recovery process based on customer payment behaviour.


Naruhito Kuroda

“On the whole, the recurring payment obligations of our customers every month are lower than payments for big-ticket financing such as housing or car loans.

“In our past experience in other Asian countries, inflation does not significantly affect the repayment for small-ticket items as it involves only minimal monthly instalments.”

According to Kuroda, the company believes purchases of big-ticket items would be affected by inflation but not for small-ticket items, including necessities.

In this inflationary period, consumers would opt for alternative means of financing to maintain their lifestyle and the company was able to cater to their demand by offering easy payment and personal financing schemes, he added.

Despite the dampening of the consumer sentiment, Kuroda said it saw significant potential in the motorcycle easy payment business.

This was because due to the recent fuel price hike, AEON Credit expected more consumers to opt for motorcycles as an efficient means of transportation.

The company also expects potential growth in purchases of consumer durables such as electrical goods, mobile phones, furniture and personal computers through easy payment schemes.



“Due to our existing nationwide business network of merchants, AEON Credit is strategically positioned to reap the benefits of the increase in demand for consumer financing,” he said.

AEON Credit, a subsidiary of AEON Credit Service Co Ltd of Japan, focuses on three core businesses – the issuance of credit cards, easy payment schemes and provision of personal financing schemes.

It was the first non-banking consumer finance company to be listed on the main board of Bursa Malaysia.

Financial performance

The company posted a higher net profit of RM33.39mil for the financial year (FY) ended Feb 20, 2008, representing a 69% growth from RM19.70mil in FY07. Revenue for the year stood at RM151.8mil against RM116.04mil previously.

There was revenue growth for all products, with the easy payment and credit card businesses being the major contributors to profit growth.

Aseambankers had recommended a “buy” on AEON Credit and had raised its target price for the stock to RM4.30. In its research note, it said that for the first quarter of FY09, it expected after-tax profit growth of more than 30% year-on-year, as higher living costs would underpin firm demand for its services.

The research house added that for FY10 and FY11, earnings growth could be stronger than its 20% per annum forecast as overseas expansion and co-branding activities looked set to take off.

Expansion drive

Kuroda said currently the AEON group was at various stages of its expansion drive in several Asian countries, including India, Vietnam and the Philippines.

“Our parent company, AEON Credit Service Co Ltd, is in the midst of setting up a representative office in Mumbai, India. The Malaysian operation is facilitating the market research for the parent company due to our expertise and knowledge on the Asian market,” he said.

“AEON Credit Service wants to venture into India's consumer market where there is high potential for us to provide consumer financing services.

“Market expansion plans in Asia are implemented by our parent with participation of the overseas subsidiaries, including us.”

Asked how the group would go about its expansion plans, he said the form of businesses set up in each country would depend on market factors and legal and regulatory requirements.

Having joint ventures with local partners was possible if it created a “win-win” situation for all parties, he noted.

According to Kuroda, the company intends to replicate the business model of the AEON Credit group in other countries. With the group’s consumer financing experience in Asia, he said, the company expected to have an effective formula for penetrating into the various markets.

On when its regional expansion plans would take off and whether this would help boost its revenue, Kuroda said: “As we are still in the midst of setting up a representative office in Mumbai, it is too early to forecast how this new market would help boost revenue for the AEON Credit group.

“Accordingly, we have not factored in any earnings contribution in the current financial year from this venture.”

Apart from Malaysia, the company does not have any businesses overseas. To facilitate its expansion plans, he added, it would leverage its parent's Asia consumer financing expertise, transfer of knowledge and exchange of technology.

Increasing market share

For the consumer durable easy payment scheme, the company is the major provider of easy payment financing to independent retail merchants in Malaysia, excluding credit card easy payment schemes.

“Our consumer durables easy payment scheme is open to income groups that are eligible and not eligible for credit cards.

“There is a sizeable and growing non-credit card eligible consumer segment in the country. There is some indirect competition in this market – for example, own financing provided by certain retailers to their customers,” Kuroda said.

AEON Credit is also a major provider of direct financing to motorcycle purchasers via its merchant network.

“We currently provide financing to 8% to 10% of new motorcycles registered monthly with the Road Transport Department, which include numbers for cash purchase as well.

“The company is relatively new in the credit card business but based on Bank Negara statistics, we estimate we have about a 1% share of the number of credit cards issued in the country,'' Kuroda said.

He said the company expected the market shares for its various products to increase, moving forward.

Right now, he added, the total size of its receivables portfolio was small in relation to the size of the consumer financing market.

“There is increasing awareness for the AEON Credit brand and products among consumers and merchants after our listing. We need to capitalise on the opportunities with the right business strategies,” he said.

Widening customer base

AEON Credit would focus on increasing the number of credit card members, Kuroda said. This would be achieved through further collaboration with sister company AEON Co (M) Bhd and improving the functions and benefits of its credit cards.

“We will continue to develop other co-branded credit cards, corporate cards and affinity cards in collaboration with reputable business partners.

“We will also create new revenue streams by targeting new customer segments through enhancing our easy payment schemes for SMEs (AEON Biz) and introducing easy payment schemes and personal financing schemes for civil servants with salary deduction mode of repayment,'' he explained.

Other plans in the pipeline include the introduction of higher-amount easy payment schemes and expansion of sales network for personal financing schemes through affiliated partners.

AEON Credit also expects to further develop its fee-based income source by offering third party products such as general and life insurance and home loans at AEON Credit Service centres.

On the local front, the company would increase its market penetration of rural and suburban areas with the support of easy payment retail merchants, Kuroda said.

http://biz.thestar.com.my/news/s ... 539507&sec=business

[ 本帖最后由 Mr.Business 于 16-6-2008 10:32 AM 编辑 ]

Mr.Business

更新: June 15, 2008 18:23

財報開講
永旺信貸淨利
首季料增逾30%
（吉隆坡15日訊）證券研究行看好，即將宣佈首季財報的永旺信貸（AEONCR，5139，主板金融），首季淨利料可按年成長超過30%。

亞歐美證券研究在分析報告指出，永旺信貸預計在本月16日宣佈首季財報，預計淨利可錄得逾30%漲幅。

該行指出，更高的生活成本料可推動該公司服務需求，因此看好上述增幅可延續至2009財年。

該行也分別上調09財年及2010財年淨利預測。

“若借貸成本漲幅少過預期，加上永旺信貸區域擴展計劃，以及和姐妹公司永旺（AEON，6599，主板貿易）潛在品牌合作活動等催化，相信我們的盈利預測仍有上升空間。”

報告說，永旺信貸在亞洲先進及發展中市場皆錄得不俗表現，加上和永旺的協合聯盟關係等，預計09財年優異盈利成長將延至2011財年。

亞歐美證券研究預計，永旺信貸的3年淨利年複成長率（CAGR）料超過20%，至于潛在區域擴展及協合效益，料將提高年複成長率至接近30%。

該行給予“買入”評級，並上調目標價至4.30令吉。

截至上週五閉市，永旺信貸報3.44令吉。

Mr.Business

新闻。

Monday June 16, 2008 MYT 6:50:19 PM
AEON Credit Q1 net profit at RM10.13m

PETALING JAYA: Aeon Credit Service (M) Bhd reported net profit of RM10.13mil for its first quarter ended May 20, up by 75.8% from RM5.76mil a year ago.

It announced Monday revenue rose 24.2% to RM42.32mil from RM34.06mil a year ago, due to revenue growth in all product segments, which were credit card, easy payment schemes and personal financing schemes.

“Net trade receivables as at end of the quarter of RM722.38mil represented growth of 29.0% as compared to the corresponding quarter of FYE 2008,” it said. Pre-tax profit rose 72.8% to RM13.69mil from RM7.93mil.

On the non-performing loans ratio (NPL ratio), Aeon Credit said it improved from 2.46% and 2.16% registered in the first and fourth quarter of FYE 2008 respectively to 2.05% in the first quarter ended May 20.

“The lower NPL ratio is a reflection of its continued prudent lending policy and effective credit management efforts,” it said.

Aeon Credit managing director Naruhito Kuroda said the group expected to sustain growth for the remainder of FYE 2009, underpinned by new products and services and continued merchant network growth and market area expansion, in particular the rural and suburban areas.

“Further, we anticipate increased demand for consumer financing due to current situation of rising prices of fuel, food and other necessities.

“We also intend to further build up our credit card business in terms of card member base and transaction volume. Greater operational cost efficiency is expected in line with the business growth,” he said.

http://biz.thestar.com.my/news/s ... 03&sec=business

Mr.Business

文告

AEON CREDIT REPORTS STRONG FIRST QUARTER RESULTS FOR FYE 2009,
UP BY 76% FROM THE CORRESPONDING QUARTER OF FYE 2008

AEON Credit Service (M) Berhad has reported a net profit of RM10.13 million for its first quarter ended 20 May 2008 in respect of FYE 2009, up by 75.8% from a net profit of RM5.76 million for the corresponding quarter of FYE 2008.

Total revenue for the quarter was RM42.32 million, up by 24.2% as compared to the total revenue of RM34.06 million for the corresponding quarter of FYE 2008. The robust performance was attributable to revenue growth in all product segments i.e. credit card, easy payment schemes and personal financing schemes. Net trade receivables as at end of the quarter of RM722.38 million represented growth of 29.0% as compared to the corresponding quarter of FYE 2008.

Profit before tax (PBT) of RM13.69 million represented an increase of 72.8% from RM7.93 million during the first quarter of FYE 2008, with a PBT ratio of 32.3% against revenue (FYE 2008 : 23.2%).

Meanwhile, total operating expenses increased by only 9.2% to RM31.72 million from RM29.05 million for the corresponding quarter, due to operational cost efficiency and lower non performing
loans.

AEON Credit’s non performing loans ratio (“NPL ratio”) continued to improve further from 2.46% and 2.16% registered in the first and fourth quarter of FYE 2008 respectively to 2.05% in the first quarter of FYE 2009. The lower NPL ratio is a reflection of its continued prudent lending policy and effective credit management efforts.

Naruhito Kuroda, Managing Director of AEON Credit, said, "We expect to sustain growth for the remainder of FYE 2009, primarily driven by new products and services and continued merchant network growth and market area expansion, in particular the rural and suburban areas. Further, we anticipate increased demand for consumer financing due to current situation of rising prices of fuel, food and other necessities. We also intend to further build up our credit card business in terms of card member base and transaction volume. Greater operational cost efficiency is expected in line with the business growth”

AEON Credit will be holding its Annual General Meeting at Istana Hotel, Kuala Lumpur on 17 June
2008 at 10.30 am.

[ 本帖最后由 Mr.Business 于 17-6-2008 03:36 PM 编辑 ]

Mr.Business

AEONCR - NOTICE OF BOOK CLOSURE
      
      Final Dividend of 7.44 sen per share less income tax of 26%.

      Kindly be advised of the following :

      1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
      as from : [ 30 June 2008 ]

      2) The last date of lodgement : [ 2 July 2008 ]

      3) Date Payable : [ 18 July 2008 ]

[ 本帖最后由 Mr.Business 于 17-6-2008 03:39 PM 编辑 ]

Mr.Business

AEON Credit的2009财政年目标：
1. 信用卡发卡数量从94000张 (2008年6月)提高到190000张。

文告。。。

[ 本帖最后由 Mr.Business 于 17-6-2008 03:45 PM 编辑 ]