Wednesday, April 6, 2011

AEONCR (5139)- Good Dividend Yield Counter

Finally, after waiting for 10 months the share price break RM4.00. Recommended on 24-6-2010 @ RM3.90 and continue to call for buy at RM3.70 level. Share price move above RM4.00 pending dividend announcement due mid of April. From April - Sept 2011 ( 6 months period), AEONCR will pay dividend of RM0.23-RM0.25. Therefore, target price of RM4.20-4.30 is achievable. Furtheremore, AEONCR has the ability to issue bonus shares to its shareholders.

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