It makes no sense for the shares dividend if the counter price is keeping on down trend. Besides, the shares dividend will cause the price adjustment again which bring no advantage to the actual value of the shares being held. The price must stop the downtrend and be uptrend for the shares dividend to bear value.

Shares buy back isn't pushing back up the price. Just maintaining it. Last time the strategy was to push up back the price but looking at the purchase lately, it's not doing that.

Hooi, what motivate you to purchase Parkson since there are many negative news about Parkson and the downtrend for the last 3 years?

No catalyst for it now. Think will hover around this price for the next 3 months until the next results.

No more "steam". All panic sellers have been completely flushed out. It's just RM402K value so far. PHB just need to spend around RM500K to push up the price to RM2.1 if this trend continues throughout the day.

http://www.intellecpoint.com/2015/04/sold-airport-and-bought-ta-enterprise.html

This should summarize it.

PRGL is at 1.78, 8.537% increase. The funny thing seem to be PHB is more adversely affected than the actual subsidiary. Too many panic sellers in Malaysia market.

Sweetkeledek. Can explain it easier in layman term? Are you saying that there is forex gain but it is not recognized in q4. So would this gain be recognized sooner or later then?

Value already RM9.2 million. Most retail investors have been flushed out last two weeks and today. Now it's more to institution holding. PRGL is trading steadily today.

This TA very good in accounting. If you study further on its Q3 results, both tax and investment securities are significantly lower than Q4 results. Most probably they parked everything under Q4 and hence the loss.

You may ask why Q4 and not the earlier quarters which I too still wondering. Perhaps there is better advantage in term of accounting to park those costs under Q4.

Let's see how low can PHB goes tomorrow. Panic retail sellers won't be able to beat the shares buyback. Unless, big funds are selling, then PHB can really all the retail investors to sink together.

PN17 is when they can't serve their debts. PHB is still a long way to reach that. MAS was in the red for more than 8 quarters and with the sad incidents of MH370 and MH17, that end it all and nail the coffin.

If PHB is in the red for the next 4 Q, then it is fair to say that PHB potentially can close shop like MAS. Anyway, the closer example now is AAX and definitely not PHB.

Ruling only made on 25th March 2015. Heavy sold down was from 16th March 2015 - 20th March 2015. Unless, you are saying that the Arbitration Commission leaked out the ruling 9 days before the official ruling. There was no sell down for PRGL in HK exchange though during those period.

Still can appeal and seek a stay of execution until the appeal is complete.

Investors wont take it positively for QoQ poorer earning. Should affect the share price tomorrow.

Kena penalty but still can appeal as Arbitration Commission isn't the apex ruling.

Paid a lot of taxes this year and spent almost 500 million for purchase of investment securities. Majority being paid in Q4 and hence weak results. Hope the price could be sustained since it did not appreciate.

I am hoping for good FOREX gain due to TA businesses in other countries.

There is still no announcement yet. Still anticipating.

Still under suspension

Today is last day of the month. Must release results already.

PRG HK released announcement of trading halt pending the release of an announcement in respect of inside information of the Company at 1:46PM today.

Heavy sold down two weeks ago with crazy numbers. And now suspended without any announcement? Don't tell me that PHB wanna buy some company again just like Watatime last year.

yeah. it is prohibited to enter any order for the counter now. Just checked. But there s no announcement yet. Technical glitch?

where got suspend? Still trading

Unless you managed to trade your rights and made profit during the 1 week trading. I did the same during MAS rights. Else, I would have made more loss. Anyway, it was still a loss in MAS.

That's y I have disposed all my AAX shares when they declared rights issue proposal and worst ever financial year results in 2014. The same reasons being apply, to raise capital to par down short term debt and the remaining to fund the operation. There's no mention of acquiring new strategic assets. This is not a valid reason to ask more money from the shareholders.

Still no results?

You just compare AA and AAX ticket prices with other premium airlines such as MAS and Cathay. You will be surprised on how they fare. AA and AAX are not that cheap anymore.

There s no announcement in Bursa so far. Villa1668, where did u see the report?

Results soon these 2 days.

Hopefully the price is sustained tomorrow when the dividend shares have been payout.

Around Rm1 million spent on share buyback around 4:45PM. Don't think Parkson was buying much shares today and hence the current price remains at RM2.17

With around 65% of assets residing outside Malaysia and with the weak ringgit since last year and moving forward, the receipt from overseas business would be higher in term of Ringgit due to FOREX rate. Results release in June 2015 should be much better than this round.

With this kind of updates, I believe the progress with Glove City and Business Park are not on time and still have various challenges that the management yet to resolve. Else not, the management should be confident to announce the timeline.

With higher CAPEX for the lens business and new plants, Q1, Q2 and Q3 results won't be attractive. Wait for Q4 and 2016 then.

There were no loss in PHB business amid some outlets made loss. There were only lower profit and higher costs throughout its businesses.

PHB has been valued purely based on its income statement and not on its assets and turnaround strategy of diversifying into properties (own malls), own brands (it purchased few brands for the past two years), F&B, etc.

As for e-business, PHB did invest into e-business since 2013. Btw, not all the branches in China are making loss. They have 50++ branches in China.

Hong Kong and Singapore, both counters traded normally. Just PHB in Malaysia traded unusually this week.

RM81 million value transacted. Broken the record!!!!

Hitting RM55 million soon on transacted amount for today alone!!!! I wonder if it would hit RM60 million before market closes.

Kelvin8787, did you cut yours or you still holding since you are advising ppl to cut loss now?

I have sent an email to their investor relation to request for a clarification on such steep and heavy selldown. I hope everyone will do the same so that Parkson management will wake up from their sleep and start addressing this strategically and holistically. They need a rough shake up to get things done.

These are the published contacts:

Name Ms Chan Poh Lan
Designation Secretary
E-mail address chanpl@lion.com.my
Contact No. 03-2142 0155 ext. 2455

Name Ms Quah Le Ching
Designation Senior Manager - Corporate Communications
E-mail address quahlc@lion.com.my
Contact No. 03-2142 0155 ext. 2505

As long as he still keep his mouth shut like there are gold going to be spilled out if he opens his mouth, this counter will cont to dive down like the past 5 days.

fundamentally, there s nothing wrong with this company, making profit amid lower profit, diversifying its revenue income, big cash balance, etc. The only bad about this company is their branding and investor relationship. Look at Air Asia, reported big loss and AA Indonesia tragedy, Tony quick to release press statement consistently just to stabilize back the negative sentiment. AA and AAX now are now back to stability. Not free fall like roller coaster.

Unfortunately, WC doesn't know how to do this and remain silence. Investors confidence is a major factor here.

Whatever it is, the negative sentiment still influence share price. The fundamental can be good but at the end it is the sentiment which make the final call. Parkson needs to reassure the market of its strategy and its turnaround in sustaining its profitability. Create more positive sentiments and news instead of sitting duck and let the market force takes over.

For the past 2 years, I never see any articles about Parkson and its strategy. What about new/young/fresh faces of management? What about newly refurbished outlets? What about new businesses that been bought over? What about new international brands which have partnership with Parkson? Come on, do something and boost the images and brand.

Parkson really need to review its Corporate Communication, Marketing as well as Investor Relations. They are doing a bad job to create the due awareness for this.

16/03/2015: Spent RM1.54 mil for buyback
17/03/2015: Spent RM5.15 mil for buyback
18/03/2015: Spent RM3.98 mil for buyback

Today at least spent RM3mil for buyback based on the last transaction. And it only gets to defend the price from RM2.45 to RM2.05 so far. RM2 is coming tomorrow if there is still heavy sell down. It is not normal and there is something brewing behind.

Parkson at 4:50PM bought like 1300 shares at 2.15 but only pushed back the price to RM2.05 from RM2.02. They were so many sellers. Today transacted value is at 16million.

goldenshares, you sure is icapital selling and depress the price?

Bloomberg reported that the next results will be announced on 26/3/2015

1. Tan Sri William H.J. Cheng
2. Tan Sri Cheng Yong Kim
3. Dynamic Horizon Holdings Limited
4. Lion Industries Corporation Berhad
5. LLB Steel Industries Sdn Bhd
6. Steelcorp Sdn Bhd
7. Amsteel Mills Sdn Bhd
8. Lembaga Tabung Haji

Top Shareholders. Don't know who is selling the stakes now.

Should be releasing quarterly results soon.

I dont think the retail investors have that much of shares to sell. I just concern whether the big shareholders are selling and they yet to make the official announcement. The volumes were extremely high for the past 4 days which were significantly above the normal trading for Parkson.

They have been using the same strategy since Q4 2013 and this shares buy back only managed to slow down the price drop. It's not pushing up back the price. In October 2013, the price was around RM3.40 and within 1.5 years, it has dropped until RM2.10.

With the consideration of 3 shares dividends of 6%, 6% and 5%, the total lost now if you have purchased the share at RM3.40 in October 2013, is 27.17%.