Tuesday 23 October 2018

AEON 2nd quarter 2018 financial report


Today let's have a look at the latest quarter report of AEON which released many days go.

 First:


The revenue and profit from operations are still okay,
but the problem is Share results of associates..........

 Explanation by the management:
It was actually the recognition of impairment loss of investment at Index Living Mall Malaysia.

 Since it is a non-cash item,
so no impact on company's current and future cash position.

 As for revenue,
there are improvements on both retail and property management segment.
However,
the profit dropped due to opening of AEON Kuching mall and increment of promotion expenses during festive seasons.

 Prospects by company:

Looking by long term,
the outlook of economic is positive,
just that SST will have an impact for short term.

 Plus the closing of Index Living Mall Malaysia,
this year will be a challenging year.

 It seems like AEON is covered by clouds now,
when will the days of AEON to be brighten again?

 Thanks for reading.


I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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