Earnings Alerts

Aeon Co (M) Bhd (AEON) Earnings: 2Q Net Income Drops 56% to 12.3M Ringgit Amid Revenue Decline

  • Net income for Aeon Co in the second quarter was 12.3 million ringgit.
  • This marks a 56% decrease compared to the same period last year, where net income was 27.9 million ringgit.
  • Total revenue for the period stood at 999.6 million ringgit, which is a 2.1% drop year-over-year.
  • Earnings per share (EPS) fell to 0.8800 sen, down from 1.970 sen compared to the previous year.
  • Investment analysts have a predominantly positive outlook with 8 buy ratings, 1 hold, and no sell recommendations.

A look at Aeon Co (M) Bhd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investors eyeing Aeon Co (M) Bhd will find a mixed bag of Smart Scores indicating the long-term outlook for the company. With scores of 3 in Value and Dividend, investors may see a balanced proposition in terms of the company’s current worth and potential income. The Growth score of 4 hints at promising expansion prospects, showcasing potential for increased market share and profitability. However, a score of 2 in Resilience suggests some vulnerability to economic fluctuations, while a Momentum score of 3 indicates a moderate trajectory in terms of stock performance.

Aeon Company (M) Berhad, a superstore chain offering a wide array of products from clothing to food, operates shopping centers alongside its retail outlets. With a Smartkarma Smart Score breakdown leaning towards growth potential and a stable value proposition, investors could find Aeon Co (M) Bhd an interesting prospect for long-term investment. However, the company’s resilience score may warrant close monitoring in the face of market uncertainties.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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