Forget Supermarkets, Japan’s Aeon Has Ace in Malaysian Financing
- Aeon Credit jumps over 600 percent since 2007 Malaysia listing
- Aeon’s supermarket operator in Malaysia slumped to 2012 low
Signage for Aeon Co. is displayed atop the Aeon Mall Makuhari Shintoshin shopping mall, operated by Aeon Mall Co., in Chiba, Japan, on Monday, Dec. 20, 2013.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
For Japan’s Aeon Co., giving individuals loans to buy cars and motorcycles has been a much better business in Malaysia than selling goods in its supermarkets.
Kuala Lumpur-based Aeon Credit Service (M) Bhd. has gained 45 percent in the past year, making it the best-performing lender in a gauge of the Southeast Asia nation’s financing companies. Retailer Aeon Co. (M) Bhd. has fallen 11 percent in the period to trade near its lowest level in more than four years. Both are units of Japan’s largest supermarket and mall operator.