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Listed in 2007, Aeon Credit Service (M) Bhd (Aeon Credit) has established itself as a leading non-bank financial services provider in Malaysia. It provides a wide range of financing solutions such as easy payment schemes for the purchase of consumer durables, hires purchase schemes for the purchase of motorbikes and as well as personal financing schemes and issuance of credit cards in Malaysia.
As at 13 December 2018, Aeon Credit is trading at RM 15.34 a share. Question: ‘Is this a good time to invest in Aeon Credit?’
Source: Google Finance
Here, I’ll bring you an update on its latest financial results and would introduce a few valuation metrics to assess the investment potential of Aeon Credit. Here are 5 things to know about Aeon Credit before you invest.
#1: Portfolio Quality
As at 31 August 2018, Aeon Credit has reported having a portfolio of financing receivables