Affin Hwang maintains Hold on Aeon Co, TP at RM1.61

KUALA LUMPUR: Affin Hwang Capital research maintained a hold call on Aeon Co (M) Bhd with an unchanged target price of RM1.61 as its first-half 2019 results came in within expectations.

The research house remains cautious over the stock due to the linger weakness in operating margins although moving forward, it expects a stronger performance in the remaining six months of 2019 due to year-end rebate collections.