It has been a long time since I updated the blog,
so I will start with warming up by writing a simple article about quarter financial report.
As what stated on the topic,
this time let's have a look at the latest quarter financial report of AEON:
Looks like the profit from operations improved a lot, right?
But please don't forget that the financial result of year 2019 is using the latest accounting standard,
thus:
At the end the profit for the 4th quarter was actually less than the same quarter at year 2018.........
AEON has two business segments which are Retail Business and Property Management Services.
The revenue for Retail Business improved by 4.5%:
The revenue for Property Management Services grew by 2.8%.
The management also mentioned that besides the MFRS 16 impact,
the profit for Retail Business actually improved a lot:
HOWEVER,
if without the impact of MFRS 16,
the result of Property Management Services is actually worse:
So MFRS 16 has its own pro and cons.
The current year prospects:
Mainly is the concern of Covid-19 outbreak which might impact the economy.
Lastly,
the lovely dividend:
4 sen per share,
same like previous year.
That's all for the important points of latest financial report,
if you feel like something is lacking,
feel free to go to BURSA website to download and read it
As for the outbreak of Covid-19,
people will be rushing to buy and accumulate necessary things,
which is good for the retail industry in short term.
However if the outbreak is long,
then it will definitely impact the economy and bad for the retail indudstry.
Now we can only hope that the Covid-19 will be gone as soon as possible.
That's all for my warming up article,
next time I might write about the surgery which I went through last month,
or maybe not,
depends on my mood~
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
Recent articles :
My investment return for year 2019
ALLIANZ latest annual report & quarter report
ELKDESA latest annual report & quarter report
TOPGLOV latest annual report
2019 Version: The Consequence Of Long Term Investing
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