AEON saw its 2016 net profits fall by 40% year-on-year, having spent RM600 - 700 million in capex over the last 3 years. Is it time for this retail player to wake from its slumber? Brian explains why RHB Research Institute has upgrade AEON to a 'Buy'.

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Tags:  retail,  AEON,  inflation,  consumer confidence,  retail sector,  capital expenditure,  expansion mode,  cyclical stock