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Research by TA
BUY – TP RM1.68

" Promising FY24”

Post Aeon’s 2Q24 investors briefing, we are maintaining our earnings estimates and Buy recommendation on the stock, with an unchanged target price of RM1.68/share, based on DDM valuation (k: 7.1%; g: 3.0%). We remain optimistic about the outlook for the 2H24, anticipating continued resilience in the property segment and improved profitability in the retail segment due to ongoing cost management initiatives.
 
Analyst:
Liew Yi Jiet 
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$KLSE-AEON 
Research by TA
BUY – TP RM1.68

" Promising FY24”

Post Aeon’s 2Q24 investors briefing, we are maintaining our earnings estimates and Buy recommendation on the stock, with an unchanged target price of RM1.68/share, based on DDM valuation (k: 7.1%; g: 3.0%). We remain optimistic about the outlook for the 2H24, anticipating continued resilience in the property segment and improved profitability in the retail segment due to ongoing cost management initiatives.
 
Analyst:
Liew Yi Jiet 
yjliew@ta.com.my