![]() ![]() Closures of some parts of its malls starting 18th Supply chain disruption was minimal affecting some items sourced from China and Australia, but AEON has re-aligned such supply line from locals such as vegetables and fruits from Cameron Highland.Ĭost-saving measures. Note that, pre-MCO, its supermarket segment accounted for 50% of total sales, while during MCO, its supermarket saw a 20% increase in basket size. ![]() Nevertheless, with the closure of wet market and “pasar pagi”, there has been a surge in new costumers’ footfalls especially for the open-concept malls such as AEON Tebrau, and malls within 10-km radius of residential area (neighbourhood malls). AEON saw panic buying with double-digit growth in retail sales up to 17th March, but after MCO, sales dropped by c.70% sales from the same time last year which averaged to about 10% drop for the March, which also translated into negative SSSG growth of 10% compared to positive low-single digit growth last year. Only its supermarket segment is operational with enhanced measures during MCO such as tele-marketing, personal shoppers, drive-thru, in house delivery services and online sales through Happy Fresh. We maintain our MP call and TP of RM1.05. Note that, we have cut our FY20E/FY21E CNP by 27%/20% in our consumer strategy report dated 2 nd April 2020. No changes to our estimates as we have already factored in the negative impact of Movement Control Order (MCO). We are positive on its efforts to alleviate the strain on sales with cost-saving measures, but overall, we expect FY2020 to be weaker than last year (- 26% YoY) on weaker consumer sentiment. This Starbucks Drive-thru location is very easy to find! It is located along Samdech Techo Hun Sen Blvd (60 meters), Prek Talong 3 Village, Sangkat Chak Angre Krom, Khan Meanchey, Phnom Penh.We maintain our cautious view after a conference call with AEON’s ED, Mr. This method of ordering coffee will save you a ton of time so don’t forget to go experience the first-ever Starbucks Drive-Thru at Aeon Mall Meanchey with Foodbuzz! ![]() You can just order just like customers who own cars. You just do a few clicks on the machine then your coffee is ready to be picked up! Therefore, please don’t park your motorcycle and order with the staff. How about people who own motorcycles? Don’t worry! The process isn't different. With just a few clicks, you will be able to pick up your coffee without having to park your car. What’s even cooler about this Starbucks Drive-Thru is the fact that you can order your coffee with the machine that has been installed at this Starbucks located at AEON Mall Meanchey. Are you tired of having to park your car just for the sake of ordering a cup of morning coffee? With Cambodia's first-ever Starbucks Drive-Thru, you no longer have to face the hustle and bustle! ![]()
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