Aeon Credit Missed Expectation But Poised To Gain From
Aeon Credit Missed Expectation But Poised To Gain From
Aeon Credit's 1HFY2024/25 net profit of RM177.6m, marking a decrease of 19% year-on-year, making up just 42% of analysts' full-year forecast and 41% of consensus full-year estimate due to higher-than-expected impairment in 2QFY2024/25, as Non-performing Loan (NPL) ratio continued to narrow.Aeon Credit Service (M) Berhad (Aeon Credit) missed market expectation in the latest financial period due to higher credit cost and loss incurred by Aeon Bank, nevertheless, the maturation of AEON Living Zone and digital banking are set to beef up its long-term Return on Equity (ROE).
aeon信貸服務（馬來西亞）負責此次金融期間未達到市場預期，主要是因爲信貸成本較高，而aeon銀行出現虧損，儘管aeon生活區和數字銀行的成熟將提升其長期淨資產收益率（roe）。
The net profit for the six-month period ended 31 August, 2024 (1HFY2024/25) for Aeon Credit was below expectation due to unexpected blows to credit cost in spite of new asset quality measures being implemented.
截至2024年8月31日的六個月期間（1HFY2024/25），aeon信貸的淨利潤低於預期，這是由於信貸成本出現意外衝擊，儘管實施了新的資產質量措施。
Analysts cut their FY2024/25 and FY2025/26 earning forecasts by 16% and 2%, respectively.
分析師將他們對FY2024/25和FY2025/26的盈利預測分別下調了16%和2%。
Aeon Credit's 1HFY2024/25 net profit of RM177.6m, marking a decrease of 19% year-on-year, making up just 42% of analysts' full-year forecast and 41% of consensus full-year estimate due to higher-than-expected impairment in 2QFY2024/25, as Non-performing Loan (NPL) ratio continued to narrow.
aeon信貸1HFY2024/25的淨利潤爲17760萬令吉，同比下降19%，僅佔分析師全年預測的42%和共識全年估計的41%，這是由於2QFY2024/25的令人意外的減值，同時不良貸款（NPL）比例繼續收窄。
Higher impairment allowances (gross credit cost at 5.62%, +74 bps) on higher provisions from key motor and personal financing segments, in addition to further associate losses incurred by Aeon Bank, caused the six-month net profit to decline by 19%.
由於主要的汽車和個人融資領域提高了準備金而導致含括在內的更多關聯公司損失，信貸成本升至5.62%，加74個點子，導致六個月淨利潤下降19%。
The credit service provider's long-term ROEs (~15%) may see further momentum given the maturation of its AEON Living Zone and digital banking efforts. A results briefing will be held today (27 September) where more details on the provisions are expected.
這家信貸服務提供商的長期roe（~15%）可能會因其aeon生活區和數字銀行的成熟而獲得進一步增長動力。今天（9月27日）將舉行成果說明會，預計會提供有關準備金的更多細節。
With regards to growth strategies, wider engagement from AEON Living Zone offers cross selling opportunities on its captive customer base while also providing a smooth introduction of AEON Bank to the market. However, these channels are expected to carry heavier customer
acquisition costs and hence will only likely contribute significantly to earnings in the medium-term once better scale is reached.
就增長戰略而言，aeon生活區更廣泛的參與爲其固定客戶群體提供了跨銷售機會，同時也爲將aeon銀行順利引入市場提供了良好前奏。然而，這些渠道預計將承擔更重的客戶
獲取成本，因此只有在達到更好的規模後，這些渠道才可能在中期明顯促進收入。
In summary, analysts maintain their OUTPERFORM call and a target price of RM8.35 for Aeon Credit.
總的來說，分析師們維持他們的看漲呼籲，併爲aeon信貸設定了8.35馬幣的目標價。
As at 1:13am Friday, Aeon Credit's stock traded at RM7.11. (Stock updates from )
截至週五凌晨1:13，aeon信貸的股票價格爲7.11馬幣。（股票更新來自）
譯文內容由第三人軟體翻譯。
