AEONCR (5139) - AEONCR奇怪的全年业绩分析
星期1 AEONCR 出了最新一季的季报，也就是年报啦，但是他这一季的季报是非常奇怪的～。～，怎么奇怪法？等下才告诉你～。～，而同时他也宣布了将派发29.6en的终期 股息，终于又有股息收了～。～，好了回到正题，到底他这一季财报怎么奇怪法呢？首先我们先看一看下面这个。。
Quarterly rpt on consolidated results for the financial period ended 20 Feb 2015
| AEON CREDIT SERVICE (M) BERHAD |
| Financial Year End | 20 Feb 2015 |
| Quarter | Other |
| Quarterly report for the financial period ended | 20 Feb 2015 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
| ||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD | ||
Three Months
|
Three Months
|
Twelve Months
|
Twelve Months
| ||
21 Nov 2014
To |
21 Nov 2013
To |
21 Feb 2014
To |
21 Feb 2013
To | ||
20 Feb 2015
|
20 Feb 2014
|
20 Feb 2015
|
20 Feb 2014
| ||
$$'000
|
$$'000
|
$$'000
|
$$'000
| ||
| 1 | Revenue |
226,374
|
187,989
|
852,805
|
672,762
|
| 2 | Profit/(loss) before tax |
74,022
|
64,571
|
278,042
|
233,875
|
| 3 | Profit/(loss) for the period |
55,363
|
47,818
|
207,369
|
175,352
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
55,363
|
47,818
|
207,369
|
175,352
|
| 5 | Basic earnings/(loss) per share (Subunit) |
36.99
|
33.21
|
139.83
|
121.77
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
24.00
|
27.40
|
46.30
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
| ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
4.6800
|
3.7900
| ||
这个就是最新业绩了，看起来很正常嘛，对不对？
Quarterly rpt on consolidated results for the financial period ended 28 Feb 2015
| AEON CREDIT SERVICE (M) BERHAD |
| Financial Year End | 28 Feb 2015 |
| Quarter | Other |
| Quarterly report for the financial period ended | 28 Feb 2015 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
| ||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD | ||
One Month
|
One Month
|
Thirteen Months
|
Thirteen Months
| ||
21 Feb 2015
To |
21 Feb 2014
To |
21 Feb 2014
To |
21 Feb 2013
To | ||
28 Feb 2015
|
28 Feb 2014
|
28 Feb 2015
|
28 Feb 2014
| ||
$$'000
|
$$'000
|
$$'000
|
$$'000
| ||
| 1 | Revenue |
18,795
|
0
|
871,600
|
0
|
| 2 | Profit/(loss) before tax |
11,227
|
0
|
289,269
|
0
|
| 3 | Profit/(loss) for the period |
8,357
|
0
|
215,726
|
0
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
8,357
|
0
|
215,726
|
0
|
| 5 | Basic earnings/(loss) per share (Subunit) |
5.80
|
0.00
|
145.64
|
0.00
|
| 6 | Proposed/Declared dividend per share (Subunit) |
29.60
|
0.00
|
57.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
| ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
4.7200
|
3.7900
| ||
但是同一时间，却又有一份天渊地别的季报XD，那么你看得明白吗～。～？
原来故事是这样的，AEONCR在今年的一月8日提呈修改他的财政年日期，本来是20号（很奇怪＝。＝）变成比较正常的月尾（2月28日），所以这份季报才会多了一个只是8天的嘛，所以现在你明白了吗～。～？
好了，说完废话开始要分析一下这家公司了。。，鉴于最后8天的业绩参考价值不大，所以这里就直接忽略掉他，单纯用跟之前一样的财政年来计算，这样会比较准确。。
上图就是最新季报（也就是年报）里的数据，想看清楚可以点击放大。。
从这个图我们继续看到，季度营业额从原本的187,989(000)增长到今天的2亿多也就是226,374(000)，季度共增长了20%（很厉
害＝。＝）。而年度营业额则从672,762(000)增长到852,805(000),共增长了26%。如果从每股业绩看来，也从去年同季的
33.21SEN增长到今年的36.99SEN，季度增长是11.3%，全年每股盈利也从121.77SEN成长到今年的139.83SEN，全年成长了
14.8%。当然股息方面呢也从去年的每股46.30SEN成长到今年的57SEN，成长了23.11%。所以这样的业绩看来，增长得以维持，所以如果单
纯从这样看，这家公司简直就是super来形容。
那么有什么地方是需要留意的呢？作为金融公司，当然是呆账一环啦~。~
这里我们可以看到他的呆账率是2.75%，对比去年同期的2.14%明显高了很多。。
只不过没想到的是，原来上一季他是去到3.05%的，所以在我看来，这一季的呆账率是有进步，看得出管理层有开始行动来减低呆账。而且其他收入方面也分别
提高了37.3%和43.8%，录得1608万和5608万，其中是因为把AEON BIG Loyalty programme的费用回收。
大致说了这家公司的境况，也到我自己一些个人功课时间。。
当然。。
股票的合理价或买入价等都是纯粹个人功课，所以资料仅供参考，并不是买卖的指标，买卖前请自行评估风险。
以下是我的功课
AEONCR(5139) APR 2015(Last Update)
当天价格：rm14.48
投资建议：守着
合理价: Rm15.24+30sen
买卖建议：高回酬高风险，买入需要足够的勇气，因为风险很高，但是如果管理层管理妥当，那么这只是高回酬股票。钱很多的可以买一些，否则不建议大量买入。
投资时限：长期投资，每年股息加增长约20%年复利，但是明年预算为休养生息的一年，所以并没预测到任何增长。
