Currently Parkson is the cheapest it has ever been. It's Price to Book ratio is one of the best you can find in the stock market. I believe its a buy and I recently added some to my portfolio to which I still haven't sold my older shares bought at much higher prices.

As a going concern business it is worth a whole lot more than current price. At book value it is worth a whole lot more than current price. Parkson has to continue in its direction with a few more good decisions and new investors should come flooding in. In my opinion Parkson should look into acquiring 1 good biz (preferably a strong branded restaurant chain) of reasonable size with stable cash flows & with good existing management that will symbiotically improve Parkson's sales and that of the acquired biz. This is to take advantage of Parkson's omni-presence in South East Asia. Either way current price is a bargain.

Thank you Mr TTB whom has continued to hold Parkson shares alongside Tabung Haji.

ks55 apek still copy paste information that he doesn't understand. If you cant read financial statements or reports don't go around copy pasting everything that you think is bad cause you don't understand. Every now and then got something new killing Parkson it seems. Think this is Godzilla movie is it? What happened to your beloved online is killing retail story?? Why never mention Parkson's continuous improvement in online retail?

Example of financial analysis:
Stock: [PARKSON]: PARKSON HOLDINGS BHD
Jun 6, 2018 03:59 PM

You have been saying nonsense for a longtime and haven't stopped including now. Go and read what was Intime and why Alibaba kept on buying physical operations post listing. Alas. What weak financials you lying about? How is Alibaba/wanda going to win everybody? Give opinion with reason not just give opinion and proclaim yourself the smartest person.

There, another financials example of Parkson when it was still making loss last year but Cash Flow still strong:

Sep 13, 2017 10:32 AM | Report Abuse

" Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 24, 2017 11:52 AM | Report Abuse

Parkson Retail Asia Q4 2017 Cash Flow seems to be much higher.

OPERATING CASH FLOWS before changes in working capital:

Year ended 30/06/2017; S$19,164,000
Year ended 30/06/2016; S$25,130,000

Quarter ended 30/06/2017; S$9,677,000 **
Quarter ended 30/06/2016; S$2,356,000


NET CASH GENERATED from operating activities:

Year ended 30/06/2017; S$51,221,000 **
Year ended 30/06/2016; S$26,192,000

Quarter ended 30/06/2017; S$55,039,000 **
Quarter ended 30/06/2016; S$5,880,000

Today:
Yes I am a junior in the stock market that knows how to value businesses and comment on businesses I either know about or own.

ks55, why don't you sell me/us your stocks and go play golf? UNLESS, you don' have any stocks and are being paid to give negative comments & FALSE statements.. We've been reading your asinine comments for 2 years plus now.

Real investors and even traders here will make money as long as they don't sell Parkson shares and buy more until it reaches its actual valuation RM1.40 and above. "


FYI: This year Parkson already making profit plus NTA is RM how much? RM2 plus. To fund investors dont keep playing push down game. Play price recovery everybody make money game.

Exactly. Mostly who post here are short sellers and ppl who want to buy Parkson from you at lower price. NO one has that much time posting if they don't have a financial interest in the stock. Go read Annual Report 2018 at least Page 35-45; http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=189734&name=EA_DS_ATTACHMENTS

From Annual Report:
"The Group’s execution of transformation strategies involving the diversification of retail formats and optimisation of operations and omni-channel marketing has yielded encouraging returns. For the FYE 2018, Parkson China posted a positive SSS growth of 0.5% with revenue increasing to RM2,651 million. The higher revenue coupled with improved operating efficiencies have enabled Parkson China to turn profitable with an operating profit of RM111 million against a loss of RM42 million a year ago."

very weird. This morning there were multiple "Headlines" for Parkson dated Oct 2018 then when i refresh the page all disappeared. So happened the links I opened and read were positive news.

Parkson News :
http://finance.sina.com.cn/chanjing/cyxw/2018-10-04/doc-ifxeuwws0813393.shtml

crocodile1980; Thank you for your comment.

Parkson Mall; Online Shoppping App/Platform in China:
https://itunes.apple.com/cn/app/百盛商城/id1118259699?l=en&mt

If anyone has used it before do share your reviews. I think its wonderful for consumers in China to have online shopping services with a retailer that only sells original goods. Not to mention Parkson's Joint Venture with Secoo that sells premium goods online.

Plus, Parkson's online shopping has delivery tracking which i think is great and Parkson's Singles' Day online shopping results from 2017 looks promising. From Parkson China's Report (PRGL): "For example, on the Singles’ Day in 2017, the group have recorded a GSP of RMB188.5 million, presenting growth of 48.1%."

Long time since i've checked on Parkson. Price is fantastically attractive once again to buy.

the local market doesn't work the same way it should do as in developed markets. Someone wrote quite a good write up in i3 forum about Malaysian market and its differences. well in essence if the market was always right no one could ever make any money.

noah.. Would it be impossible to have less shares outstanding as so rightly stocks deserve with higher per share prices? Secondly i wld think price discoveries work exceedingly better over there eluding the possibility of what happened to the price over here.

Price should be well above RM0.70 by now but too many jittery traders who get scared easily. As I recommended earlier, everyone should buy and stop getting scared easily for no reason and all make money on the upside of a stock that is grossly undervalued. But Malaysian market participants always love getting jittery. Perhaps no one buying/selling is interested in the business aspects of Parkson but only like looking at share price/quotes. I recommend list Parkson Bhd in US. even with high trading cost i believe there will be significantly better price discovery.

Bt yes prices go up & down so it doesn't mean anything if you know how Parkson is progressing.

Gaming - Magnum Overweight ; UOB Kay Hian (11/06/2018)

https://cdn1.i3investor.com/my/files/dfgs88n/2018/06/18/1508725471-1648983573.pdf

yup sure i've cashed in a little good profit but Parkson has lots of upside. i see much postive current factors surrounding Parkson. Very undervalued

https://www.nst.com.my/business/2018/06/381172/countrys-retail-sector-shows-positive-growth-zero-rated-gst

Any reason for selling cheap besides seeing others sell?

Integrate online into current stores. anyone who shop online still find online a lot of cheating. Parkson has made agreement sell online merchandise on Secoo online platform that guarantees and checks for original products before selling. wonder how much this will improve Parkson's biz. Anyone visited Parkson operated Hogan bakeries?

Looks like got some smart ppl still collecting slowly from traders who keep looking at sell orders (& short term traders who kiasu/si). collection time frame? Lots of TP upgrades ongoing.

Good take on Malaysian market and investors/traders. Hopefully our market develops further with more participants and with greater price discovery. Bloomberg Malaysia will be positive for Bursa.

nobody will waste money to limit your losses joetay. i noticed your cimb and maybank down today. maybe thats why short circuit?

Update on Parkson's Joint Venture partner Secoo's new service. Anyone has used their online platform? They guarantee only sell 100% genuine luxury goods;

https://www.prnewswire.com/news-releases/secoo-launches-butler-service-targeting-customization-for-high-end-consumers-300661530.html

And Secoo's JB outlet. First time I'm seeing also;

http://www.discoverjb.com/lifestyle/secoo/

i cant really say who is doing what but Parkson making profit after many quarters of spending much money to turnaround biz model. Just think about the news surrounding Parkson currently. A company that sells goods worth up to RM11600mil in total sales proceed for 2017 with market cap of RM689mil today and NTA of RM2 plus. I think i dont have to convince anyone anymore the backwind in this stock for this year. Hopefully my thoughts are correct and some smart manager(s)/IB has taken interest in Parkson.

if you & others haven't been short then siao ah daily chit chat funny stories. people dont have so much time in stock forum la if they are not in it for the money. i'v been buying Parkson cuz it is one of the cheapest stock i can find on Bursa with sufficient cushion. but won't sell at such low prices. still long way to go. thku for posting my old comment. my view has not changed besides short selling has been reintroduced in Msy hence small timers can now short sell. bt dont waste time short selling Parkson.

short sellers getting burned til have to post non stop to stop the burning as retail short sellers have to close account daily. why waste time lying to get value stocks down. "lol......."
see U.S. market..all make $ together for value stocks like Macy's previously when it was cheap about $18.80-$20 now doubled in price since then.
wonder if sell orders today are real for Parkson..

I'm giving old examples of answers to joetay questions. Cash Flow can be good but make loss on P&L cuz of high new investments written down necessary as depreciation etc for transformation efforts. If you read any report you will know this. That is old news. New news is Parkson is going to recover to RM2 and once big funds with proper managers come in price going to recover much more.

SIngapore may connect their stock market to Malaysia. This may benefit local stocks and dual/triple listed stocks like Parkson.

sigh. joetay cant answer anything as usual so resort to attacking the people in this forum. ks55..the last part was from last year ending with inverted brackets. Nobody here has time to waste but someone has to set things straight for the benefit of all real investors.

BY Financial muscle you mean high Debt levels. So every company you mention has the same business model, same financials, same debt levels, same connections, same everything as Parkson and comparatively you think you companies are going to win each other? SO Wanda kill off ALibaba cause is more established, ALibaba Wanda AUchan all got good distribution so all kill off each other?

If you want to analyse, tell one by one company, give some info from their reports at least or some published news. Don't randomly choose different companies and say they going to take over the world. And with such flimsy opinions scaring ppl into selling you Parkson cheap cheap. I also can play same game. Scare ppl and buy cheap and sell high but i choose to evaluate properly and give proper opinions.

You have been saying nonsense for a longtime and haven't stopped including now. Go and read what was Intime and why Alibaba kept on buying physical operations post listing. Alas. What weak financials you lying about? How is Alibaba/wanda going to win everybody? Give opinion with reason not just give opinion and proclaim yourself the smartest person.

There, another financials example of Parkson when it was still making loss last year but Cash Flow still strong:

Sep 13, 2017 10:32 AM | Report Abuse

" Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 24, 2017 11:52 AM | Report Abuse

Parkson Retail Asia Q4 2017 Cash Flow seems to be much higher.

OPERATING CASH FLOWS before changes in working capital:

Year ended 30/06/2017; S$19,164,000
Year ended 30/06/2016; S$25,130,000

Quarter ended 30/06/2017; S$9,677,000 **
Quarter ended 30/06/2016; S$2,356,000


NET CASH GENERATED from operating activities:

Year ended 30/06/2017; S$51,221,000 **
Year ended 30/06/2016; S$26,192,000

Quarter ended 30/06/2017; S$55,039,000 **
Quarter ended 30/06/2016; S$5,880,000

Today:
Yes I am a junior in the stock market that knows how to value businesses and comment on businesses I either know about or own.

ks55, why don't you sell me/us your stocks and go play golf? UNLESS, you don' have any stocks and are being paid to give negative comments & FALSE statements.. We've been reading your asinine comments for 2 years plus now.

Real investors and even traders here will make money as long as they don't sell Parkson shares and buy more until it reaches its actual valuation RM1.40 and above. "


FYI: This year Parkson already making profit plus NTA is RM how much? RM2 plus. To fund investors dont keep playing push down game. Play price recovery everybody make money game.

joetay.. you are still asking the same questions ppl have answered you. Why not instead give some facts or proper analysis & tell us why your beloved alibaba/wanda/auchan is somehow going to kill off all retailers inlcd Parkson?

If you are just going to say cuz Alibaba is online thats nonsense. Online is NOT a 1winner take all game. Besides, Alibaba has been going around buying stores like Parkson i.e. Intime that are brick and mortar departmental stores. Why? Cuz we are in lifestyle era of retail where ppl go to malls to socialise, relax, eat drink etc while shopping for goods. This has been core in Parkson's transformational strategy.

One example answer fr last year:
Sep 19, 2017 04:03 PM
Good news regarding online business issue (as I mentioned before in today's news).

Online businesses that can sell at lower prices as they currently pay little to no tax will now onwards be subject to incoming tax regulations.

Once online business cannot sell at lower price, they will lose to bigger companies like Parkson as they cannot get bulk discounts and due to economy of scale benefits that Parkson has.

http://www.thestar.com.my/business/business-news/2017/09/19/taxing-the...

joetay.. This is Parkson forum. not mamak shop. The news we were discussing earlier is import tax cut in China (making up Parkson's 70% biz) not Singapore or Malaysia. Provide some valuable analysis on Parkson or opinion based on facts not slanders and rude comments to short sell Parkson or buy at lower price. You still havent replied to the rebuttal of your online retail giants overtaking the world thesis or anything else. You just copypaste same fictional horror opinions/questions since last year. Keep up to date. Parkson has moved forward much since last time.

And since Parkson have started making profit on P&L, price back to RM2 & above? "Tomorrow" maybe get 215% profit? Don't know why any shareholder and non traders will want to sell their shares so cheap.

lanjio, keep your comments intelligent and understandable. Continuous opinions and asnine questions without facts is useless just because you want buy back at cheap price. what trap people you keep talking about? You are the one now after selling your shares is trying to talk down Parkson's price. TP is by IB whom are mostly self serving correct. However, traders still like to follow them. If dont like go read Balance Sheet and Income reports and give analysis. Dont just google info copy paste and claim it affects Parkson's biz.

Parkson will have more cost saving la which can either translate to profit if they maintain same prices or price cut to stimulate demand. You lanjiolang ask if can translate into profit so I give you tadika example. Currently price can up anytime. Latest TP by Kenanga who always negative last time already higher than Public Bank's old TP of RM0.75

Same. As I've been saying for few years, Parkson is undervalued. All scared cause can read Profit & Loss but don't want read Balance Sheet. Now P&L latest quarter positive. I've been giving facts all this while but all buysell according to sentiment. Now sentiment is positive and looks positive moving forward.

Read:
issac99289928 China to cut tariffs on home appliances, cosmetics

Import tariffs for apparel, footwear and headgear, kitchen supplies and fitness products will be more than halved to 7.1 percent from 15.9 percent

cosmetics will be levied at 2.9 per cent, down from the present 8.4 per cent

http://annx.asianews.network/content/china-cut-tariffs-home-appliances...

CHINA'S PARKSON EARNING BOOST WILL BE TREMENDOUS IN THE NEXT FEW QUARTERS.CONGRATULATION.
04/06/2018 20:21

Example:
if Parkson sell nasi lemak RM1, if tax was accounted for in that RM1 as much as RM0.243 and reduced to RM0.10 and
still sell nasi lemak at RM1,
Parkson get to keep RM0.243 - RM0.10 = RM0.143
which is RM0.143/RM1 x 100% = 14.3% increased profit

In biz when you got biz, paying less tax means you keep more $ for yourself which you can reinvest/give your partners/buy other biz/expand etc.

issac99289928 - Thank you for sharing since cosmetics makes up almost half of Parkson's biz and apparel another half thereabouts.

SO, basically cosmetics 65% import tax reduction and for apparel 55% import tax reduction. Woa.

LANJIOlang.. i always post facts/published news.

https://www.thestar.com.my/business/business-news/2018/06/02/malaysia-has-reasons-to-walk-away-from-ecrl/

That is why i said dont worry. Parkson will be fine and sentiment should continue improving.

I would't be so worried. LGE is still analysing the situation and so is PM and others. We are biz-friendly according to new gov. If compensation is due, they will probably do so. WE have lots of trade biz with China. I dont think gov will jeopardise the economy after saying they are here to restore it. Military situations like in Lotte's case is on a whole diff level. Besides, Here we've already paid RM20bil to China minimum i think for ground works etc. They already quite happy kut.

many ppl in this forum, 2ppl in particular. wasnt really referring to lanjiolang in the 2nd para. LGE is actually positive to stocks for me. With all the crony companies finally crashing due to their crony status, money should flow to proper companies like Parkson etc.

Parkson China will continue their efforts to improve foot traffic and sales. Boycott is highly improbable. Too many outlets, too many customers, Parkson China is a public company with local Chinaman investors, government used to buy a lot of goods for gifting which decrease due to austerity drive but situation have start to improve for Parkson China once again besides now they manage other company's malls, have their own JV malls, have fully owned malls.

Price targets will continue to increase. No point scaring investors with funny statements. Any price currently is still very cheap. Might as well encourage buying. No doubt can make money with scaring investors and then telling nice story in loops but why waste time if price already cheap and can make $ together in the uptrend properly.

Investors happy collecting & making money on small price changes. Set the giant free. Let the price increase. Time to surpass Public Bank OLD Target Price RM0.75.

haha. Correct. 3.52 cents.
Latest news very encouraging. I think price will continue uptrend.
Especially post 18 June.

2018 is year for Parkson. Investors should not be afraid of the fall in price previously. Its been purely sentiment. The business has been and is improving and remains a cash business according to their reports. As i mentioned, RM54.75mil operating profit this quarter.

Dont give fake news here.

For both 2016 and 2017 total earnings per share (EPS) for that year exceeded dividend per share (DPS) by RM0.41 per share. For year 2017 total EPS exceeded DPS by RM3.52 per share. Anyhow, for a cash rich and cash based business that need very little money to expand, giving cash back to their owners(shareholders) is right. If you don't like money then I don't know what to say. 6-8% dividend..

Macam ini, check for improprieties in this company but tunggu MAPS buat duit with the current help of Only World Group. Of course when starting biz all cost high. Plus they write off more 50% cost of MAPS in 1st year.

If privatised you are helping all cronies either new or old because they wont have to report their income to public! And if privatise less than RM5 I think shareholders we will say jumpa in court.

btw thank you for selling cheap cheap. Price drop 50% in 1 week but MAPS doing better with new help. Developing Bandar Meru Raya (3000acres) may cost this company more money

BUT Perak Corp whole company is selling for RM51.5mil today! C'mon shareholders.. one small apartment development also rm300mil which obviously when just build if not sold/rented out will have losses. Anyhow, i dont think any smart large shareholders willing to sell any shares. Always small volume this counter.

Their Quarterly and Annual reports will show that they have been doing well for the past 10years profitable with dividends until they started Movie Animation Park Studio (MAPS).

MAPS is a on books RM520mil project to which they wrote off RM320mil for quarter ending 31/12/2017 under their Hospitality & tourism sector. This sector of Perak Corp made RM32.5mil income that quarter.

Macam ni. Kalau ada kereta beli 52ribu loan, kamu kata cost setiap tahun mungkin 10ribu untuk 5 tahun lebih sikit. Tapi MAPS mereka kata kos 32ribu tahun pertama. Kereta masih ada dan mereka buat business guna kereta ini.

Perak Corp biggest most profitable sector if excluding MAPS (a subsidiary), is their Port & logistics sector. This latest quarter (31/03/2018) they made RM18,237mil in profit. This is huge as Perak Corp is actually a comparatively small company that took on a giant project like MAPS.

NO doubt they may have been involved in some mismanagement graft etc to which they must be held accountable. For example why is their OUTSTANDING RELATED PARTY RECEIVABLES land for sale amounting to RM70mil plus ongoing for so long.

Parkson is/has gone ONLINE i.e. via Secoo in China (makes up 70% of our sales).

Jan 2018 Parkson goes online news;
( http://ir.secoo.com/phoenix.zhtml?c=254624&p=irol-newsArticle&ID=2327840 )
This could mean Parkson should now be valued as an online biz with high valuations & multiples. Possible?

Please share your ideas what more can Parkson do besides everything that we have done and are doing successfully so far? RM54.75mil operating profit this quarter!

Target price same RM2 & above.

Thank you for selling

4sens dividend announced! Magnum must be going back to high dividend stocks group. As previously mentioned, Magnum is a cash biz. RM79.9mil profit this quarter after GST. What happens when no GST plus petrol subsidy etc etc. Lots of stories this year for number gamers to try their luck.

Price recover to RM3?

Sleeping giant is waking up. Parkson is set to be one of the biggest gainers for 2018.

Parkson Retail Group Ltd First Quarter (Q1) 2018 Results
(Parkson China making up ~70% Parkson Bhd's biz)

Total operating Revenue Increase: UP 2.9% to RMB 1,291.1mil / RM 804.19mil
Merchandise Gross Margin Increase: UP to 15.7%
Operating PROFIT INCREASE: UP 181.7% to RMB 87.9mil / RM 54.75mil

As at 31 March 2018, the Group operated and managed a diversified collection of retail formats – including 44 department stores, 1 shopping mall, 2 Parkson Newcore Citymalls, supermarkets, fashion and food & beverage outlets in over 30 major cities across China.

You have to love PROFIT and latest CASH total of RMB 5.1 BILLION or ~RM 3.2 BILLION!

Share price up 10sen, 20sen, 40 sen, more?

true. reintroducing short selling in Malaysia is great for hedging and for speculation. maybe you can explain how a semi or by large property development company like TA with investment branch is going to win over the entire gambling aunty uncle ah boy customers from Genting, Magnum, 4D, Bj Toto and others besides being able to win over large banks like CIMB & Maybank now that they may all be given a fair chance at competing for investment products under new government, and perhaps discuss this further under TA forum.

Magnum is a cash business created under our current new PM's time that offers high dividend. dont forget U-mobile stake owned by Magnum Bhd to be listed in the nearby future.

Perhaps like BJToto forumers are speculating, MAYBE our new finance minister might even allow some leeway for Magnum to offer online gaming.

Many customer that play Online illegal gaming. These illegal businesses dont pay tax to government and is difficult to curb and if given choice, customers will probably go after trusted gaming companies like Magnum etc for online gaming if allowed to expand in Msy.

At even RM2.20, is dividend yield 6%-8% if normal dividends are resumed? Consumer based stocks mostly up. BJtoto also up.

Kan Yao.. Parkson's turnaround story is updated in their reports. If you grow banana you most likely cannot open up shops everywhere and sell banana alone. You need dake/gege to help. Online shopping is currently buying into brick&mortar and makes up only a small faction of retail. By the way, Parkson has gone online by themselves and via J-V with Secoo.

Fund managers, do realise this stock is one of the cheapest with few shares afloat with fantastic asset valuation and sales story. Stop making little money. Buy, change your narrative and become the top fund for 2018. Cheers.

Parkson Undervalued by Morningstar 15/05/2018

http://quotes.morningstar.com/stock/analysis-report?t=XKLS:5657&region=mys&culture=en-US&productcode=MLE&cur

Price/Book 0.2, Sector Median 1.9
Price/Sales 0.1, Sector Median 1.1

Why Parkson past 3 years rarely come out in the news? During their share-buyback, cimb initially would give the figures in their research report then suddenly no more. The Star also stopped mentioning about Parkson in stock section. And when there is good news, it is always somehow reported as negative. Only a few news/research were unbiased.

Will news be more true and honest now? This may return confidence to Parkson stock.

Bought 42 sen.

With new gov, will business and valuation improve & share price up?

Can we safely add back RM477,096,000 (alleged tax liability) to share price to get fair valuation? And will there be any special dividend? This is as Q1 2017 dividend was not paid.