I don't think 900.HK's 2020/21 full year net profit would be decreased by 30%.
Its 2019/20 yearly profit was HK$3.70. A drop of 30% means its 2020/21 yearly profit will be only HK$3.70 x 70% = HK$2.59.
Its first 6-months already earned HK$1.52:~ Mar2020~May2020 HK$0.75 Jun2020~Aug2020 HK$0.77
In 2019's 2nd half year there were frequent political events occurred in HK so that the comparative profits were at relatively low figures.
I "optimistically" guess 900.HK's 2020/21 full year profit may be a drop of 15~20% comparing with 2019/20. It means its NAV/share may be at >HK$0.70/share. Totally yearly dividends @HK$0.44/share should be 90% no problem. In fact, I see the company has conditions to pay more dividends, say @HK0.50/share every year in future.
Although 900.HK is a "loan shark", many 900.HK cardholders are Aeon Stores(984.HK) customers. It is a "low class" credit cards company, and is a departmental & supermarkets-related stock. Those luxury goods are not the taste of its cardholders.
Billy Sir,
回覆刪除I don't think 900.HK's 2020/21 full year net profit would be decreased by 30%.
Its 2019/20 yearly profit was HK$3.70. A drop of 30% means its 2020/21 yearly profit will be only HK$3.70 x 70% = HK$2.59.
Its first 6-months already earned HK$1.52:~
Mar2020~May2020 HK$0.75
Jun2020~Aug2020 HK$0.77
In 2019's 2nd half year there were frequent political events occurred in HK so that the comparative profits were at relatively low figures.
I "optimistically" guess 900.HK's 2020/21 full year profit may be a drop of 15~20% comparing with 2019/20. It means its NAV/share may be at >HK$0.70/share. Totally yearly dividends @HK$0.44/share should be 90% no problem. In fact, I see the company has conditions to pay more dividends, say @HK0.50/share every year in future.
Although 900.HK is a "loan shark", many 900.HK cardholders are Aeon Stores(984.HK) customers. It is a "low class" credit cards company, and is a departmental & supermarkets-related stock. Those luxury goods are not the taste of its cardholders.
^_^
The 6-months HK Sales figures of 984.HK(Aeon Stores) was increased from HK$2,091,584,000(Jan~Jun2019) to HK$2,423,310,000(Jan~Jun2020).
刪除P.S. I excluded its China Sales figures because I assume most 900.HK cardholders are Hongkongers.
Correction: I predict 900.HK's 2020/21 EPS(not NAV/share) can be >HK$0.70/share.
刪除AEON is a good stock but is not my cup of tea.
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