Aeon Credit Boasts Of Satisfactory Dividend Payout And Digital Banking Amid Concerns of Credit Loss
Aeon Credit Boasts Of Satisfactory Dividend Payout And Digital Banking Amid Concerns of Credit Loss
As at 4:19 pm on Monday, Aeon Credit's stock traded at RM6.99. (Stock updates from )Aeon Credit Service (M) Berhad (Aeon Credit) registered a higher-than-expected credit loss for the quarter ended 31 August, 2024 (Q2FY2024/2025), but positive sentiment can be felt around the group's dividend payout ability and RM300m deposits from its digital banking portal.
aeon信贷服务（大马）有限公司（aeon信贷）在2024年8月31日结束的季度（Q2FY2024/2025）报告了高于预期的信贷损失，但团体的股息支付能力以及来自数字银行门户的3亿林吉特存款仍然散发着积极的情绪。
Kenanga maintains its OUTPERFORM call and target price of RM8.35 for Aeon Credit, noting that Aeon Credit's recent impairment surprise arose from an update of its Loss Given Default (LGD) model inputs and that the impairment issue will be assessed on a periodic basis.
肯安纳维持对aeon信贷的表现看涨呼叫和8.35林吉特的目标价，指出aeon信贷最近的减值惊喜源于其损失给定违约（LGD）模型输入的更新，并且减值问题将定期评估。
Analysts at RHB favour Aeon Credit as a top pick and and maintain their BUY call for the counter. They expect a higher Dividend per Share (DPS) from Aeon Credit, putting the company's yields closer to its industrial peers. Nevertheless, the target price of Aeon Credit has been revised from RM8.80 to RM8.40.
RHb的分析师青睐aeon信贷作为首选，并保持对该股票的买入呼叫。他们预计aeon信贷的每股股息会更高，从而使该公司的收益率接近其行业同行。尽管如此，aeon信贷的目标价已从8.80林吉特调降至8.40林吉特。
As at 4:19 pm on Monday, Aeon Credit's stock traded at RM6.99. (Stock updates from )
截至周一下午4:19时，aeon信贷的股价为6.99林吉特。（股票更新从）
It is noted that the Expected Credit Loss (ECL) for Q2FY2024/2025 was higher-than-projected. The group clarified that it was due to updates in its LGD model to reflect the sale of off-balance sheet recoveries. As understood, this is simply an updated estimate of recoveries from accounts that have been off its books. (Note: Loans are written off after 9 months in arrear.) This led to an additional RM30m of impairment, which without would have kept the six-month earnings of FY2024/2025 to be within expectations at 49% of the pre-revised earnings forecast.
注意到Q2FY2024/2025的预期信贷损失高于预期。该团体澄清说，这是由于更新其LGD模型以反映报价表外回收的更新。据了解，这只是关于从其业务账上已被清除的账户的回收的更新估计。这导致额外的3000万林吉特的减值，如果没有这项减值，将使FY2024/2025的六个月收益保持在预调整的预期收益预测的49%内。
In a company statement dated 26 September, Aeon Credit said Q2FY2024/2025 revenue jumped 14.8% year-on-year to RM541.43m, compared to RM471.73 in the corresponding quarter of the preceding financial year (FY2023/2024). The group also announced an interim dividend of 14.25 sen per share, implying a 41% dividend payout ratio.
在2021年9月26日的一份公司声明中，aeon信贷表示，Q2FY2024/2025的营业收入同比增长了14.8%，达到了5.4143亿林吉特，而上一财政年度（FY2023/2024）对应季度的营业收入为4.7173亿林吉特。该团体还宣布每股14.25仙的中期股息，暗示41%的股息支付比率。
On the digital front, Aeon Bank has retained an active user base of 80k of which 60% are new customers to the Aeon ecosystem. The bank did see a plunge from its peak deposits base of RM800m to RM300m, largely due to yield-seekers withdrawing their funds following the end of its campaign launch. That said, this is still above its target of RM200m.
就数字化方面而言，aeon银行保留了8万活跃用户群，其中60%是aeon生态系统的新客户。该银行的存款基数从最高的8亿林吉特下跌至3亿林吉特，主要是由于追求收益的人在其活动推出结束后提取资金。即便如此，这仍高于其2亿林吉特的目标。
While the group will likely incur more marketing spend to support its new customer acquisition efforts, Aeon Bank has retained a strong base of customers and will cross promote services to both Aeon Credit and Aeon Bank customers in the near term.
尽管集团可能会增加更多的营销支出来支持其新客户获取工作，但aeon银行已经保留了强大的客户基础，并将在短期内向aeon信贷和aeon银行客户交叉推广服务。
译文内容由第三方软件翻译。
