Stock Name: AEON
Company Name: AEON CO. (M) BHD
In line, strong QoQ growth. 3Q11 net profit of RM49m (+6% YoY,+69% QoQ) was within our expectations. QoQ earnings jumped withthe reopening of Jusco 1 Utama and Hari Raya effect. 9M11 recurringnet profit of RM113m has made up 63% of our full-year forecast and68% of consensus. Maintain Buy and TP of RM7.90 (14x 2012 PER).
Maybank research (25 November 2011)
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Company Name: AEON CO. (M) BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 7.90 |
In line, strong QoQ growth. 3Q11 net profit of RM49m (+6% YoY,+69% QoQ) was within our expectations. QoQ earnings jumped withthe reopening of Jusco 1 Utama and Hari Raya effect. 9M11 recurringnet profit of RM113m has made up 63% of our full-year forecast and68% of consensus. Maintain Buy and TP of RM7.90 (14x 2012 PER).
Maybank research (25 November 2011)
Click here for full report
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