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Kenanga Research maintains 'market perform' call on AEON

 

KENANGA RESEARCH MAINTAINS 'MARKET PERFORM' CALL ON AEON
KUALA LUMPUR, May 23 -- Kenanga Research has maintained its "market perform"
call on AEON Co (M) Bhd with an upgraded target price of RM16.40 from RM14.14
previously, due to bright prospects and better performance.
"We remain positive on the company’s future prospects as there will be more
new outlet openings in the 2013 and 2014 financial years, as well as the
refurbishment of existing ones," it said in a note today.
Year-on-year, the group's first quarter ended March 31, 2013 revenue
increased by 11.5 per cent on the back of better performances from its
retail segment and property management services.

KUALA LUMPUR: Kenanga Research has maintained its "market perform" call on AEON Co (M) Bhd with an upgraded target price of RM16.40 from RM14.14 previously, due to bright prospects and better performance.

"We remain positive on the company’s future prospects as there will be more new outlet openings in the 2013 and 2014 financial years, as well as the refurbishment of existing ones," it said in a note today.

Year-on-year, the group's first quarter ended March 31, 2013 revenue increased by 11.5% on the back of better performances from its retail segment and property management services.- Bernama

 

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