PETALING JAYA: Aeon Credit Service (M) Bhd
’d annualised nine months of financial year ending Feb 28, 2026 (9M26), return on equity (ROE) of 11.2% remains below its 12% full-year target, Kenanga Research says.
However, the full-year target is still attainable, provided the group maintains disciplined collection efforts, the research house said.
It said the finance group’s 9M26 net profit came in broadly within expectations, underpinned by its anticipation of a stronger fourth quarter of FY26 as bad debt recoveries gain traction.
Additionally, achievement of the group’s 12% ROE target hinges on said quarter delivering, alongside continued capital injections into AEON Bank to support its path toward profitability by FY29.
“We maintain our ‘outperform’ call and target price of RM6.25,” Kenanga Research added.
