900.HK's "quarterly" net profits compare with 2018 are as follows:
Mar~May $1.068 (decreased by 10.25%) Jun~Aug $0.836*(decreased by 25.36%) Sep~Nov $0.885 (decreased by 13.66%)
* which included an exceptional loss of ($0.15) on ATM skimming fraud.
Besides, its 9-months revenue was only dropped by 0.5%! ... This implies that its "low class credits cards" businesses are quite stable even at hard times.
One significant factor affecting 900.HK's net profit was "an increase of HK$36.8 million in impairment losses and impairment allowances" in this 9-months. Luckily, these "precautionary measures had been taken in the third quarter to prevent the potential deterioration in asset quality" as stated in its 9-months report.
Some financial data:
9-months EPS = @HK$0.67/share NAV at 30Nov2019 = @HK$7.77/share
My conclusion:~ 900.HK is a "healthy" stock and total yearly dividends @HK$0.44/share is without doubt!
I expect its market price may go up a little in tomorrow.
純利下跌主因是多了使用權折舊及呆帳撥備率上升，如果按基本業務睇，其收入及淨利息收入持平，其實表現不俗，維持派息金額沒難度。
回覆刪除謝提點,但呆帳撥備率上升,足反影大圍經濟不妙,而Aeon是好公司,溢利減少實非戰之罪.
刪除Billy Sir,
回覆刪除I have 900.HK.
900.HK's "quarterly" net profits compare with 2018 are as follows:
Mar~May $1.068 (decreased by 10.25%)
Jun~Aug $0.836*(decreased by 25.36%)
Sep~Nov $0.885 (decreased by 13.66%)
* which included an exceptional loss of ($0.15) on ATM skimming fraud.
Besides, its 9-months revenue was only dropped by 0.5%! ... This implies that its "low class credits cards" businesses are quite stable even at hard times.
One significant factor affecting 900.HK's net profit was "an increase of HK$36.8 million in impairment losses and impairment allowances" in this 9-months. Luckily, these "precautionary measures had been taken in the third quarter to prevent the potential deterioration in asset quality" as stated in its 9-months report.
Some financial data:
9-months EPS = @HK$0.67/share
NAV at 30Nov2019 = @HK$7.77/share
My conclusion:~ 900.HK is a "healthy" stock and total yearly dividends @HK$0.44/share is without doubt!
I expect its market price may go up a little in tomorrow.
Good night & luck !
^_^
BTW, 107.HK(=601107.SH) is undervalued c.f. stocks of same field.
刪除^_^