Where is Lion88? Why he disappear when PRA up?
https://www.bloomberg.com/quote/PRA:SP

Add more 52.5 sen. Thanks Affin Bank selling cheap-cheap.

PRGL, PRA both up.
https://www.bloomberg.com/quote/3368:HK
https://www.bloomberg.com/quote/PRA:SP

Beg to differ. PRGL still good meaning people still shop at Parkson.

PRGL, PRA both up today.
https://www.bloomberg.com/quote/3368:HK
https://www.bloomberg.com/quote/PRA:SP

Why must you post here? I wonder whether your loss in PRA is genuine or not. If LionInd is what interest you why not post there?

Posted by Lion88 > Sep 8, 2017 05:35 PM | Report Abuse

Assuming that Lion Group is channeling all their resources to:
http://klse.i3investor.com/servlets/stk/4235.jsp

Looking at the prices and volume of PHB and PRA, there are pretty much no movement from the management treasury or fund houses.

Significant daily gaps between the buy and sell price at opening prices are like carnivorous plants that are waiting to bounce on both short and long term investors that will eventually be taken by surprise, provided the master make a direction to allocate the resources back to Parkson, the volume will not increase.

Not sure if some of the I.D.s and Analysis here are created to generate false hope of revival for investor to jump in.

Prediction: As long as LionInd is on the bull run, do not expect Parkson to recover.

Hopefully I am wrong.

Add more 51.5-52 sen.

IW City dropped even worse 50% from RM 2 in 4 months.

joetay but it has been down from feb's 73sen to the current 52sen
05/09/2017 15:03

PRGL up 1 sen.
https://www.bloomberg.com/quote/3368:HK

56 sen enough for today.

Anyone(Lion88?) know Parkson(PHB) e-mail address? I want to suggest them to close Parkson in Subang and Mahkota Parade to save rental expenses.

Only stupid bank like Affin will protect losing money counter. Even old man Tiong Hiew King is known suffering stroke how he can take care J Tiasa?

JuniorR I have question on why Affin QR still not out until last 2 days. Only Affin very bearish on Parkson not Kenanga or Public Bank. Is it they sold Parkson at 51-51.5 sen? How much Affin lose money in Parkson selling at very low price? Stock trading is not win-win. For your sale someone else is buying.

Parkson Holdings - China Turning The Corner
Date: 28/08/2017

Source : KENANGA
Stock : PARKSON Price Target : 0.88 | Price Call : BUY
Last Price : 0.53 | Upside/Downside : +0.35 (66.04%)

Back
12M17 core LATAMI which came in at RM179.2m compared to the core loss of RM152.6m in 12M16 is below expectations compared to our RM46m and consensus RM151m estimates. However, we believe the worst is over for Parkson and expect its FY18 to start on a clean slate following a kitchen sinking exercise and swift improvement in China’s operations. Specifically, this quarter marks the 2nd successive quarter of improvement in operating profit in China, highlighting that efforts including closures of underperforming stores and rationalization measure have reduced same-store’s operating expenses and bearing fruit. Maintain OUTPERFORM. Our target price is RM0.88 based on sum-of-parts.

Result Highlights. QoQ, 4Q17 revenue fell 8%, no thanks to Vietnam (- 14%). However, key markets registered positive same-store-sales growth including China (+2.4% vs. -2.2% in 1Q17), Malaysia (+14% vs -1.4% in 1Q17) and Indonesia (+11% vs. -18.2% in 1Q17). Malaysia and Indonesia same-store sales growth benefitted from Hari Raya festivities following the shift in festive calendar. The weakness in Vietnam continued due to competitive pressure. More importantly, 4Q17 China operations continued to show improvement registering second quarterly consecutive improvement due to positive SSSG growth, closures of underperforming stores and rationalization measure, which had reduced same store’s operating expenses. Specifically, 53%-owned Parkson China’s (FYE Dec) 1H17 recorded a core net profit RMB18,1m (RM11m). Excluding impairment loss on PPE, intangible assets, and other receivables amounting to an expected aggregate of RM70m, 4Q17 core net loss is flat at RM26.0m compared to a loss of RM25.8m in 3Q17 (excluding one-off impairment losses on receivables amounting to RM7.5m and stripping out gains from disposal of a subsidiary at approximately RM330m) arising from elimination of loss-making stores’ closures and lower operating expenses. No dividend was declared in this quarter as expected. No dividend was declared in this quarter as expected.

YTD, 12M17 revenue rose 2% mitigated by narrowing negative SSSG in China (-1% vs -10% in 12M16) due to its transformational strategies undertaken, which are bearing fruits, including aligning with the evolving retail markets and closures of underperforming stores. This brings 12MFY17 China operating loss has narrowed considerably to RM42m from RM91m in 12MFY16. SSSG rates were mixed across the board, including Malaysia (+3% vs -6.5% in 12M16), Vietnam (-14% vs. -2.9% in 12M16) and Indonesia (-2% vs. +4.7% in 12M16). However, Parkson 12M17 core losses widened slightly to RM179m after stripping out: (i) gain from disposal of a subsidiary, and (ii) impairment loss on intangible assets and receivables (RM352.4), and (ii) impairment loss on receivables amounting to RM60-70m (Parkson Holdings’ effective stakes).

Outlook. The Group focuses on delivering its transformational strategies closely aligning with the evolving retail markets, which include: (i) enriching its retail format and expanding its product and services offerings, (ii) optimising store effectiveness and efficiency, and (iii) enhancing cross platform experience for its customers. Specifically, the first Parkson Newcore Citymall was officially opened in January 2016 in Shanghai, which offers value-for-money products in a vibrant, energetic and innovative shopping environment. Sales of this Korean-themed outlet increased visibly in 2016 compared to the year before. In South-East Asia, operating environments in the Southeast Asian region are anticipated to remain challenging due to the fragile consumer sentiment. The Group will exercise vigilance in pursuing its strategies to transform Parkson into a life-style concept retail business.

Maintain Outperform and target price at RM0.88. We like Parkson because: (i) its strategy of optimising its retail format and expanding its product and services offerings is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) 2Q17 China operating profit is showing encouraging signs of improvement

Source: Kenanga Research - 28 Aug 2017
https://klse.i3investor.com/servlets/ptres/41839.jsp

JuniorR the way you write means the IB mentioned is Kenanga? So they behind Parkson short? They give buy call TP 88 sen so selling at 53-54 sen also them?

No wonder Kenanga keep dropping and Deutsch Bank sold non-stop.

My own calculation shows Parkson has net cash 40.7 sen meaning other assets worth 13 sen only?

AS AT AS AT Note 30.6.2017 30.6.2016
RM'000 RM'000
ASSETS
Deposits, cash and bank balances 3,142,324 1,904,651

(Loss)/profit before tax 23 225,269
Income tax expense 16 (338,151)

Why income tax expense more than PBT? Auditor must approve such acct?

Then Dutaland is worse. Operationally is loss.

JuniorR intangible assets have been written down by RM 260 million over 1 year perhaps you can calculate new NA?

Inventories write off RM 19 million more than 2X operating profit.

3 MONTHS ENDED YEAR-TO-DATE ENDED
30.6.2017
RM'000
f) Provision for and write off of
inventories (19,111)

July log drop 75% staffs no pay or pay cut 75%?

QOQ and YOY revenue drop staffs can get pay cut?
http://klse.i3investor.com/servlets/stk/fin/4383.jsp

Higher revenue from the Malaysia and Indonesia retailing operations coupled with improved operational efficiencies had
enabled the Group to register an operating profit of RM8 million in the current quarter.

Included in the loss before tax in the current quarter were impairment losses on property, plant and equipment, intangible
assets and others totalling RM92 million.

future last chance for us to buy cheap today. PRGL turn around . PRA turn in FY 2018.

Why cash >Market Cap?

Cash and short-term deposits 63,278

MARKET CAP (M SGD)
49.187
https://www.bloomberg.com/quote/PRA:SP

1(b)(ii) Group’s borrowings and debt securities
There were no loans and borrowings as at 30 June 2017 and 30 June 2016

MARKET CAP (M SGD)
49.187
https://www.bloomberg.com/quote/PRA:SP

Cash and short-term deposits 63,278

Myself sure dumb-dumb hold like Icap. Can add more if drop near 50 sen.

Bottoming out after CP Teh write?

Why PRGL today up 2sen?
https://www.bloomberg.com/quote/3368:HK

Posted by ks55 > Aug 16, 2017 09:27 PM | Report Abuse
PRGL result out tomorrow.
Expecting to lose RMB 80m.......

Why PRGL today up 2sen?
https://www.bloomberg.com/quote/3368:HK

Posted by ks55 > Aug 16, 2017 09:27 PM | Report Abuse
PRGL result out tomorrow.
Expecting to lose RMB 80m.......

Royce Chan base on your comments below why today PHB up not following PRA decline?

Posted by Royce Chan > Aug 15, 2017 10:50 PM | Report Abuse
Nikicheong If you have observed after PRG and PRA reported results last quarter, PHB seemed to drift more along with PRA but not echoing PRG substantial rebound. Hence for the coming result PHB may likely stay muted even if PRG result is positive but may be affected by PRA result. Anyway this is just an assumption based on the last results reported.

PRGL up 3 sen to HKD 1.31 so ks55 sell? I buy more.
https://www.bloomberg.com/quote/3368:HK

Parkson also cash business but no such requirement. Only 56 sen compare to BJ Toto 2.29.

Posted by Jeffreyteck > Jul 22, 2017 09:55 AM | Report Abuse
Cash business yet need to issue 800 million notes. Good luck man.

6000% tax increase loss RM 100 million coming.

PRGL, PRA up. Add more from ks55 or Affin selling.
https://www.bloomberg.com/quote/3368:HK

PRGL, PRA both up.
https://www.bloomberg.com/quote/3368:HK
https://www.bloomberg.com/quote/PRA:SP

PRGL market cap(MC) HKD 3.267 billion. If X ER 0.534 total MC=RM 1.745 billion. Parkson stake in PRGL 55% so Parkson worth in PRGL already RM 960 million more than its own MC RM 629 million in fact 53% more.

MARKET CAP (B HKD)
3.267
https://www.bloomberg.com/quote/3368:HK

PRA up 2.04%. Business picking up lately?
https://www.bloomberg.com/quote/PRA:SP

LIST OF GROUP PROPERTIES
AS AT 30 JUNE 2016
Tenure/ Existing Use/ Net Date of
Address Expiry Date for Area Description Age of Building Book Value Acquisition/
Leasehold (Year) (RM Million) Last Revaluation
1. 44-60, Zhongshan Road Leasehold 76,013.2 Commercial Shopping 118.0 June 2004
Shinan District, Qingdao, 3.4.2045 sq metres building complex and
Shandong Province, China office
(16)
2. 127, Renming Zhong Road Leasehold 30,498.6 Commercial Shopping 29.3 June 2004
Wuxi, China 22.4.2044 sq metres building complex and
office
(20)
3. 239, Dongda Street Leasehold 17,755.4 Commercial Shopping 20.4 June 2004
Xi’an, China 1.5.2040 sq metres building complex
(19)
4. 37, Financial Street Leasehold 60,888.6 Commercial Shopping 437.1 July 2006
Xicheng District 30.10.2047 sq metres building complex and
Beijing, China office
(22)
5. 88, Er Dao Street Leasehold 42,574.0 Commercial Shopping 187.0 January 2008
Tie Dong District 11.5.2040 sq metres building complex
Anshan City (29)
Liaoning Province, China
6. New Urban Area Nga Nam Leasehold 23,000.0 Commercial Shopping 60.2 June 2009
Catbi Airport 4.11.2075 sq metres building complex
Ngo Quyen District (10)
Hai Phong City, Vietnam
7. Block 1, No. 12 Leasehold 62,681.0 Commercial Shopping 594.8 December 2009
Qi Sheng Middle Road 30.8.2044 sq metres building complex and
Chaoyang District office
Beijing, China (6)
8. The Northeast Corner Leasehold 61,426.2 Commercial Shopping 448.8 March 2013
of Nanmenwai Street 10.7.2052 sq metres building complex
and Shenyi Street under
Heping District construction
Tianjin, China
9. Kawasan Bandar XLII
Daerah Melaka Tengah
Melaka
- Lot No. PT 842, Leasehold 23.2 acres Land For mixed 151.8 December 2012,
HS(D) 72191 28.11.2111 development January 2015
- Lot No. PT 845, Leasehold 6 acres Land For mixed 39.2 January 2015
HS(D) 80216 25.5.2113 development
10. CBD Sektor VII Bintaro Jaya Leasehold 2,981 Land Retail space 39.4 March 2015
B.07 Blok D No. 5 18.12.2020 sq metres and office
Pondok Jaya, Pondok Aren and under
Tangerang Selatan, Banten 20.10.2028 construction
Indonesia
11. No. 195, Leasehold 228,622.0 Commercial Shopping 987.1 December 2015
Hong Kong East Road 5.12.2050 sq metres building complex
Laoshan District, Qingdao (1)
Shandong, China

More homes on auction but few takers
http://www.theedgemarkets.com/article/more-homes-auction-few-takers

steveooikp hopefully Parkson can be privatised also. Offer price must be above RM 1 or 1.2-1.5.

steveooikp this one should be under UMA.
listed companies bosses really know how to make money...
just 1 words privatize.... can make money...

there are so many counter current price are far under the NTA.
so all these bosses can announce privatize...

fk lor... see YTLE - privatize and very damn......
24/05/2017 16:19

Ask DT to privatise Tropicana like Wing Tai coming AGM.
http://www.thestar.com.my/business/business-news/2017/05/27/takeover-offer-for-wing-tai-malaysia-seen-undervalued/

Wing Tai(going to be privatised) also operate apparel retailing like Parkson. Could Parkson next to be privatised?

Takeover offer for Wing Tai Malaysia seen undervalued
Read more at http://www.thestar.com.my/business/business-news/2017/05/27/takeover-offer-for-wing-tai-malaysia-seen-undervalued/#B3tEs1129tQbCj9q.99

The Store and Wing Tai(department store) both privatised because way below NTA. Could Parkson the next 1 since Parkson NTA RM 2.34?