STEP 2

Attach your Latest Revenue Documents:

Type of ApplicationLatest Earnings Documents required

For Salaried EmployeesEither one:

• Latest three months wage slip, or

• Newest Kind B (with tax fee receipt), or

• Latest Type EA, or

• Latest EPF Assertion.

For Self-Employed• Latest 6 months firm’s financial institution assertion

8. In January 2019, the Housing and native Authorities Ministry granted Aeon Credit score a cash lending licence. Chief technique officer Ajith Jayaram mentioned that the approval would enable the corporate to market its products and services to a greater quantity of customers in addition to expand its client monetary products. A shareholder questioned the aim of the licence as AEON Credit score was already within the business of lending and voiced his involved that having the licence would impose stricter requirements for future loans for its current businesses. Ng assured that the licence wouldn’t have an effect on the company’s financials, while Lee added that Aeon Credit score may even utilize the licence to broaden the small and medium-sized enterprises (SME) financing enterprise.

Whereas its P/E ratio could look to be on the excessive facet, the company has been growing its earnings at 22.0% on average over the past 10 years. This means Aeon Credit’s PEG ratio is presently 0.57 which is taken into account unvalued when you take into consideration the company’s progress rate. Nevertheless, イオンカード ミニオンズ デメリット it could also be more conservative to use Aeon Credit’s newer development charges as a company’s development often slows as it turns into bigger. From 2016 to 2019, Aeon Credit’s earnings CAGR was 15.9% – which supplies us a more conservative PEG ratio of 0.78.