Posted by Parkson8888 > 2017-05-19 17:24 | Report Abuse

I will prefer them to close unprofitable Parkson stores without delay especially after Raya.

Posted by Parkson8888 > 2017-05-19 17:25 | Report Abuse

Lion88 I share your concern about PRA. Please write to them as below link filling your name, e-mail and message, etc.
http://www.parkson.com.sg/

Posted by Parkson8888 > 2017-05-19 18:45 | Report Abuse

Delist PRA logical meh? No better proposal?

Posted by Lion88 > May 19, 2017 06:24 PM | Report Abuse
Wrote many times

Posted by nikicheong > 2017-05-19 18:53 | Report Abuse

Likely the end is near. When did you buy in? It's I still the darkest before dawn.

Posted by Parkson8888 > 2017-05-19 18:57 | Report Abuse

If add value of PRGL and PRA; Parkson way undervalue. Agree PRA need more attention. I suggest close stores in multiple locations same cities 1 way. That if KL or Penang got more than 5 stores no 1 losing money must close immediately.

Posted by Lion88 > May 19, 2017 06:51 PM | Report Abuse
That why I need your advice.
What should I do with those shares?
Will it drop more?

Posted by Parkson8888 > 2017-05-19 18:59 | Report Abuse

Actually not only in Malaysia but also S'pore, Indonesia and other countries must close stores if cannot make money. So maybe stores by stores profit and loss accounts must be done.

Posted by Parkson8888 > 2017-05-19 19:01 | Report Abuse

As for stores in smaller town eg Kota Baru, Alor Setar, Malacca, etc cut staffs first become closing down is better.

Posted by Lion88 > 2017-05-19 19:10 | Report Abuse

There are no stores in Singapore.
However they are listed here.
Started investing in PRA approximately 5 years ago, long before ecommerce was established effectively.
Everytime I write in, they will tell me that they will improve.
Thank for your concerns.

Posted by limch > 2017-05-19 21:02 | Report Abuse

Lion88 you said you write many times they will improve what you write actually? Delist PRA?

Lion88 There are no stores in Singapore.
However they are listed here.
Started investing in PRA approximately 5 years ago, long before ecommerce was established effectively.
Everytime I write in, they will tell me that they will improve.
Thank for your concerns.
19/05/2017 19:10

Posted by limch > 2017-05-19 21:06 | Report Abuse

Lion88 can I ask PRA that you write many times like what you said here ok or not?

Posted by nikicheong > 2017-05-19 21:11 | Report Abuse

Lion88 so you're a Singaporean? You bought it and sticked with it...hard to say man. You sell now and you won't even get 10% of your initial capital. Never hold a company in terminal decline. You should have cut your losses long ago. Now, you got no choice but to keep invested and buy more once the turnaround is in sight. It will never reach the glory days of past years, but it can be profitable once more at the very least.

If you're writing to PRA tell them to get online shopping lah. That's so dumb they DO NOT have online shopping or mobile shopping till now. At least PRGL has a basic online/mobile shopping platform.

Posted by Lion88 > 2017-05-19 21:21 | Report Abuse

https://hiramherald.com/watching-the-tape-move-for-parkson-retail-asia-ltd-o9e-si/

Posted by Royce Chan > 2017-05-20 07:39 | Report Abuse

PGRL may be considered to be out of the wood currently based on the latest result but next Q2 result will firmly confirm if it's profitable. Whereas PRA is making losses but not subtantially. The losses are mainly due to expansion besides closing of non profitable outlets. As we can see that Parkson is pursuing regional expansion and market leadership currently in departmental store aggressively hence if the regional retail market is turning around rapidly soon will benefit PRA immediately and substantially. PRA is embarking on strong brand and franchise development as many new brands were introduced for different market segments such as LOL, Spaos, many more to rival other strong retail players. Though the market is very competitive with rising costs but if Parkson successfully reigns in market leadership with the current business strategy the outlets should be turning in profits soon. Hence PRA will be turning around rapidly and need not close anymore outlets if they are profitable. That will immediately boost Parkson Holding Bhd price and stage a sterling turnaround.

Meanwhile on issue pertaining to delist in PRA now is not viable. That's because PRA is currently highly geared while on expansion mode. The BoD may not view that justifiable.

Posted by nikicheong > 2017-05-20 14:29 | Report Abuse

Lion, too simplistic. Share price will follow performance. If there is a positive turnaround, they will return to PRA. Don't be worried. Parkson is a notable brand. It just needs the turnaround, stock price will increase accordingly. You can't simply expect the stock price to increase now, cause then it will not reflect the current situation of the company anymore.

Posted by projecti2016 > 2017-05-20 14:31 | Report Abuse

made wrong pick. cut loss at 0.635. Good luck.

Posted by nikicheong > 2017-05-21 10:27 | Report Abuse

Projecti, you're the typical retailer who loses in the markets.

Posted by kelvin61 > 2017-05-21 12:05 | Report Abuse

Most players lose due to lack of knowledge in the game. They will sell at low prices and chase shares at high prices. So, they normally make small profits but big losses. That is the sad situation. It's a cruel world out there. You need to be street smart in all your endeavours, cheers.

Posted by Parkson8888 > 2017-05-21 12:15 | Report Abuse

Agree. Should dumb-dumb hold since PRA just changed their CEO. Transformation will take time and not overnight. Who got extra cash can even buy from panic sellers at bargain price.

Posted by kelvin61 > May 21, 2017 12:05 PM | Report Abuse
Most players lose due to lack of knowledge in the game. They will sell at low prices and chase shares at high prices. So, they normally make small profits but big losses. That is the sad situation. It's a cruel world out there. You need to be street smart in all your endeavours, cheers.

Posted by kelvin61 > 2017-05-21 12:36 | Report Abuse

Buy simple businesses that is easy to understand. Then, look for market leaders in their field of business. Are they long in the business and have they been able to grow the business? Do they generate positive or free cash flow? Are they reasonably geared if the business has been expanding steadily? Is the company able to withstand a downtown and do better on a turnaround? Is it a owner managed company? Is it selling at ridiculously low price to book value? Are you buying at the historical low price due to market downtown in the business? Is the company still in net cash position? If the answers are yes in most of these salient points, then the stock should be worth investing.

Posted by nikicheong > 2017-05-21 12:46 | Report Abuse

Parkson8888, but if you held PRA from their high point of SGD1.00++ till now, it's dumb. An investor should not be afraid to sell his position in a business in terminal decline or at the beginning of a down cycle. But if you bought in at SGD0.12 then to sell now is kinda short-sighted. It all depends on the perspective. As for myself, I will always be at the ready to sell any of the companies who stock I own should the fundamentals deteriorate. I'm only in the "buy and hold" so long as the company's fundamentals are sound enough at that price level.

Posted by kelvin61 > 2017-05-21 14:45 | Report Abuse

PRA qtr 3 result was not encouraging as the company incurred further losses. The management has also guided on making more impairment on it's group's assets, particularly on non-performing stores and stores that may be closed probably in the last qtr ending June 2017. On a brighter note, PRA is still in net cash position as the company has zero debt although the cash position has dwindled to 23m due to payment to suppliers and investment in new stores. And with all the negatives like deficits in SSSG and store issues, the company was still able to show increased revenue and rental income yoy. I would say the management has been prudent and transparent in their disclosure on current and the upcoming performance. So, to stay or liquidate your position in PRA would be a personal decision. There is no right or wrong answer, cheers.

Posted by coolchef > 2017-05-21 18:49 | Report Abuse

Idiot apek KanaSai55 loser,dont put your lossess grumping others as oten.So idiots spend over million for your son ed,fxxk yourself for stupidity not your son not qualify to get scholarship ok?haha!!

Posted by coolchef > 2017-05-21 18:58 | Report Abuse

Only mad idiot bragg how rich and clever he is and screw up people for own untold failures!!hahaha!!!

Posted by coolchef > 2017-05-21 19:10 | Report Abuse

so clever arr with bragging,now xdl is 27/4 how much ,waiting break historic high again???.....msports comes back, easily 4 times better!!!~~

Posted by coolchef > 2017-05-21 19:23 | Report Abuse

Apek KanaSai55,go for dinner lar~~....no need jealous or compare wealth with others,happy and healthy that be begged,but cant be bragged!!!~~~

Posted by steveooikp > 2017-05-22 15:43 | Report Abuse

look like going to boom.

Posted by nikicheong > 2017-05-22 20:24 | Report Abuse

Today only rise because of article in The Edge I think.

Posted by steveooikp > 2017-05-23 09:25 | Report Abuse

coming.... up up up

Posted by speakup > 2017-05-23 09:26 | Report Abuse

coming to PN17?

Posted by speakup > 2017-05-23 09:27 | Report Abuse

up = opportunity to sell.

Posted by Parkson8888 > 2017-05-23 20:17 | Report Abuse

coolchef why kanasai 55 still here? He lose so much money until can talk cock only?

Posted by curious2 > 2017-05-23 22:22 | Report Abuse

YTD PRGL up 24.71%.
https://www.bloomberg.com/quote/3368:HK

Posted by curious2 > 2017-05-23 22:25 | Report Abuse

TP 75 sen(PublicInvest).
http://klse.i3investor.com/servlets/ptres/40313.jsp

Posted by Parkson8888 > 2017-05-24 09:08 | Report Abuse

Parkson never resort to right issue unlike some Reits stocks meaning Parkson is cash rich.

Posted by Parkson8888 > 2017-05-24 10:30 | Report Abuse

No wonder KYY said BN must fall in GE 14. Why pay pension to those who do nothing like ks55?

Posted by Parkson8888 > 2017-05-24 10:30 | Report Abuse

If I am newbie then PublicInvest analyst even worse to give 75 sen TP. They receive gaji buta like you?
http://klse.i3investor.com/servlets/ptres/40313.jsp

ks55 Newbie ?
24/05/2017 09:23

Posted by Parkson8888 > 2017-05-24 16:13 | Report Abuse

When Parkson go asset light it is easier to close unprofitable stores than sell entire shopping mall when oversupply happens nowadays.

Posted by Parkson8888 > 2017-05-24 16:13 | Report Abuse

PRA up.
https://www.bloomberg.com/quote/PRA:SP

Posted by Parkson8888 > 2017-05-24 16:20 | Report Abuse

YTD PRGL up 24.71% so Parkson still a laggard.
https://www.bloomberg.com/quote/3368:HK

Posted by datasonic > 2017-05-24 17:59 | Report Abuse

QR out ... red color

Posted by datasonic > 2017-05-24 18:00 | Report Abuse

always red ... tomorrow drops 1 cent

Posted by Hitori > 2017-05-24 18:14 | Report Abuse

tomorrow cut

Posted by nikicheong > 2017-05-24 18:44 | Report Abuse

Are you guys ok? How to not be red? We already know PRGL and PRA results. Net is a red. But it is a lighter red than the whole of last year, highest revenue than the whole of last year...this is what you call a plausible turning point. We're likely at rock bottom right now. The company can't sink further - it can only go up. To abandon the stock now is rather absurd. But humans will keep on being humans. Alas, such is the nature.

Posted by nikicheong > 2017-05-24 18:54 | Report Abuse

To me, if the stock hits RM0.60 I will buy it a second time. One month ago I must say I had doubts, but seeing PRGL's performance and balance sheet improvement has me confident that we're at a turning point right now, and things can only get better.

So sell down tomorrow, breach RM0.60, and I will double up my position. (I bought at RM0.64 in early April).

Posted by ttaniges > 2017-05-24 19:02 | Report Abuse

Good points nikicheong

Posted by cutie > 2017-05-24 20:20 | Report Abuse

i think tomorrow will drop half or 1 sen. Parkson still have cash in hand ...debt free

Posted by Parkson8888 > 2017-05-24 21:12 | Report Abuse

Won't drop if you don't sell. NTA still a healthy RM 2.34. Share price only 1 quarter NTA. If sell all assets can get easily more than double 64 sen.

cutie i think tomorrow will drop half or 1 sen. Parkson still have cash in hand ...debt free
24/05/2017 20:20

Posted by Parkson8888 > 2017-05-24 21:13 | Report Abuse

Still cash rich. Cash per share 47 sen. No need right issue unlike Reit which use "creative accounting". 1 side report profit but why still need right issue? Creative accounting is the answer.

Posted by harry_7 > 2017-05-24 22:37 | Report Abuse

how come my reading here show profit??
"5:55PM PARKSON Nine-month net profit 38.148 million "

Posted by Good_News > 2017-05-24 22:50 | Report Abuse

5:55PM PARKSON Nine-month net profit 38.148 million
https://www.jupiteronline.com.my/masanews/web/browsenews.asp?RowSkip=100