PETALING JAYA: Aeon Credit Service (M) Bhd
rose as much as 3.6% or 24 sen to RM6.85 in the morning trading session yesterday following a higher-than-expected payout dividend payout for the financial year ended Feb 29, 2024 (FY24).
“A final dividend of 14 sen (full-year payment of 28.25 sen, post-bonus issue) was above our expectations of 26 sen due to a higher payout of 34% from our anticipated 30%,” Kenanga Research said.
It added that AEON Credit’s FY24 net profit, which saw a flat growth of 1.5% to RM424.02mil from RM417.69mil in the previous year, was within analyst expectations.
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