Posted by joetay > 2017-07-29 16:30 | Report Abuse

@royce chan,

the settlement between the landlord and parkson is reflected in 2015 accounts but question is whether the landlord has paid the bank.

if not, parkson will still have legal issues.

but that is besides the point.

parkson is having shrinking pats from 2012-15 culminating into loss last yr, and if it was not due to the gains from disposal, the company would have been deeper in the red.

Posted by viktor2u > 2017-07-29 17:03 | Report Abuse

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性
或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚
賴該等內容而引致的任何損失承擔任何責任。
PARKSON RETAIL GROUP LIMITED
百盛商業集團有限公司
（於開曼群島註冊成立的有限公司）
（股份代號：03368及05936）
關於訴訟的進一步更新資料
本公告是百盛商業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）就
該訴訟提供進一步的更新資料而刊發的。
除了因上文下理的需要而要另作解釋外，本公告內所用詞彙的涵義與本公司一份
日期為2016年7月18日的公告（「第一份公告」）內所界定者相同。
背景
(a) 在第一份公告裏披露了百盛商業發展和百盛投資（本公司的兩家間接全資附
屬公司）為該訴訟的其中兩名被告人等資料。
(b) 在第一份公告裏題為「2.1裁定書」一節披露了下述等的資料：
(i) 根據裁定書，原告人已向該法院提出財產保全的申請，要求凍結被告人
金額為人民幣212,405,363元的銀行存款或其他等值資產（「該項原告的申
請」）；及
(ii) 根據裁定書，該法院已接受該項原告的申請，裁定凍結被告人金額為人
民幣212,405,363元的銀行存款或其他等值資產。
(c) 在本公司一份日期為2016年7月21日的公告裏披露了百盛商業發展和百盛投資
分別向該法院提出有關該訴訟的複議申請等資料。
2
對裁定書的複議的結果
在2017年7月25日，本集團收到了與上述複議有關的裁定書（「複議裁定書」）。根
據複議裁定書：
(a) 業主要根據複議裁定書裏說明的金額向原告支付(i)本金和利息和(ii)律師費；
(b) 如果業主沒有遵守上述(a)段所述的判決，原告有權向百盛商業發展收取百盛
商業發展就該物業應向業主支付的租金；及
(c) 任何一方不服判決，可在複議裁定書送達之十五日內向該法院遞交上訴狀。
本公司的理解為該項原告的申請（即原告人向該法院提出財產保全的申請，要求
凍結被告人金額為人民幣212,405,363元的銀行存款或其他等值資產）已經因複議
裁定書而被該法院實質駁回，而除了上文(b)段所披露者，複議判決書下沒有任何
與百盛商業發展或百盛投資有關的濟助。
承董事會命
百盛商業集團有限公司
丹斯里鍾廷森
執行董事及主席
二零一七年七月二十八日
於本公告日期，丹斯里鍾廷森、張瑞雄先生及鍾珊珊女士為本公司執行董事；拿
督何國忠博士為本公司非執行董事；拿督胡亞橋、高德輝先生及丘銘劍先生為本
公司獨立非執行董事

Posted by yucaihacai > 2017-07-30 09:37 | Report Abuse

kosong 55, sell ur parkson lah. sell 50 sen ke, sell 5 sen ke, sell 0.5 sen ke. any price you can sell. up 2u

Posted by joetay > 2017-07-30 11:08 | Report Abuse

thats why i m staying away for lion-related counters, can anytime lose big money.

parkson and lioncor the best examples.

one get hammered from 10 to current penny stock level while the other get delisted after 37 yrs.

Posted by sureup1 > 2017-07-30 21:23 | Report Abuse

Unfreeze bank deposit is sure good news. Can pay dividend or do share buy back, RM 1 coming?
http://www.theedgemarkets.com/article/article/parksons-chinese-units-win-bid-unfreeze-bank-deposits

Posted by Royce Chan > 2017-07-31 23:12 | Report Abuse

Public Invest TP RM 0.75 for Parkson.

http://klse.i3investor.com/blogs/PublicInvest/128837.jsp

Posted by Lion88 > 2017-08-02 15:27 | Report Abuse

Can anyone explain about the recent low trading volume and drop in price?
How is the current shopping mood and crowd in Malaysia, especially Parkson?
Thank you.

Posted by sureup1 > 2017-08-03 11:19 | Report Abuse

PRGL up 2 sen. Good QR in Aug?
https://www.bloomberg.com/quote/3368:HK

Posted by TF Tan > 2017-08-03 16:55 | Report Abuse

hidden players are playing the psychological side, push down the price lower with very small volume and make the holders no confidence and seems hopeless, and dump the holdings. Then they will quietly eat them up slowly and once accumulated sufficient holdings, they will push the price up and you will be too late to react to get in.

Posted by joetay > 2017-08-03 20:14 | Report Abuse

@TF Tan,

i dont know if u r plain naive or just a blind follower of parkson.

to push a share up, the share must have story.

so what sort of story parkson can spin???? given that its stronghold of china is no more.

dont tell me it can suddenly have a qr profit of rm100m later this mth.

Posted by nikicheong > 2017-08-03 21:27 | Report Abuse

To me PRA will report THE WORST QUARTER EVER, with lots and lots of impairment. Parkson in SEA is a gone case. But China, still have hope, due to their incredibly valuable fixed assets. Also their China operations is more robust than SEA...at least there can shop online, for example, even if it is very primitive. I won't discount that China will continue and improve on its profitability compared to previous quarter.

Problem is PRA reports before PRGL, stock might fall into 40sen territory by then. S@&%#!

Posted by joetay > 2017-08-03 22:23 | Report Abuse

@nikicheong,

even parkson's china ops r gone case becos the trend there is chinese shoppers either shopping online or going to the more popular fully fledged shopping malls.

parkson is now trying to transform into a fully-fledged mall concept, but this is alrdy too late since competitors such as wanda, sunac, sm, aeon etc r far ahead and the competition is only going to intensify.

despite having several valuable pieces of real estate in china, parkson is alrdy late in transforming, so can it be able to turn ard the biz under such challenging environment, or will it choose to sell out????

Posted by Lion88 > 2017-08-04 12:08 | Report Abuse

Hi All,

What is happening to Parkson?
Are there serious underlying issues in Parkson?
They are celebrating 30 years Anniversary.
What is the shoppers mood there?
Have Velocity, Mytown improved the overall situation?
There are only downward movement in terms of share price and volume so far?

Please advice.

Thank you.

Posted by nikicheong > 2017-08-04 20:52 | Report Abuse

Joetay, I bought Parkson under the assumption that if they themselves cannot transform, they will sell out. Not impossible. They have prime real estate that a online superpower can make very good use of. Now this is called an "asset play" strategy, and should only be done sparingly.

Posted by joetay > 2017-08-04 23:59 | Report Abuse

@nikicheong,

i can understand the strategy u r using or similarly, parkson can be viewed as a privatization play.

however, the issue with using this strategy is that banker is holding all the cards while player is in a passive position.

in other words, the banker has the first mover advantage while the player can only react.

a similar stock for comparison will be mui, where the stock keeps on getting lower and lower despite a 'high' na value.

Posted by oldman57 > 2017-08-07 10:10 | Report Abuse

PRGL, PRA both up why Parkson drop? M'sian short Parkson? If cannot hold better look for jobs not contra Parkson.
https://www.bloomberg.com/quote/3368:HK

Posted by nikicheong > 2017-08-07 20:13 | Report Abuse

@jeotay, issue with MUI is that it is a massive diversified conglomerate. Parkson is still at the end of the day pretty focused on the departmental store segment. So they're not really same/similar. MUI will always suffer from a "holding company discount".

Posted by joetay > 2017-08-07 20:16 | Report Abuse

@nikicheong,

maybe true.

but end of the day, the strategy is still a privatization play.

the cards r with the banker, not with the players.

Posted by Lion88 > 2017-08-08 11:22 | Report Abuse

Hi NikiCheong and Joetay,

There seem to be limited movement in all Parkson related stocks like PRGL and PRA.

Are there any cash flow issues in the Group or Country?

It seem like there are bare minimum activities coming from the group to revive the share price, looking at the minimum buy back.

Have realised lost close to 60k ringgit. Still got a lump sum of shares stuck.

Please advice.

Thank you

Posted by joetay > 2017-08-08 11:42 | Report Abuse

@lion88,

really cant give u advice now that u r in.

either u cut and take the loss of rm60k or u stick to the stock in the hope that the privatization story will play out.

like i said b4, the banker has all the cards in a privatization play and if u r in for the turnaround story, it will take a while to play out and the odds may not be favorable.

Posted by Lion88 > 2017-08-08 11:50 | Report Abuse

Hi Joetay,

I already lost RM60k by selling last month.

Who are the bankers? Seriously, everytime I try to push up the price, someone behind will lower it further.

Headache.

Cannot believe the William Cheng and Lion Group are not reacting to the low price.

We need their support to safe those people hard earned savings.

Thank you.

Posted by joetay > 2017-08-08 12:14 | Report Abuse

@lion88,

parkson has been using aminvest as the banker/broker.

lth has a near 10% stake while epf has ard 2% as in 2015/2016.

not sure abt latest.

Posted by Lion88 > 2017-08-08 14:00 | Report Abuse

Thanks Joetay.

Just hope that Parkson is able to revive the share price.

US and Hong Kong stock markets have been hitting 52 weeks high continuously. As for Parkson, it is hitting the other way.

When are they able to make the U-Turn?

Will William Cheng and Team make a difference this year?

With so many new opened shopping Centres in K.L. (Velocity, Mytown etc), The results and recovery have to be there or investors like myself will continue to bleed.

Hope that things will be better this year.

Thank you.

Posted by Lion88 > 2017-08-08 14:45 | Report Abuse

Thanks Ks55.
Have been reading this post for awhile.
It seem that you have been analyzing Parkson movement.
Why isn't the Parkson Group doing anything and where do they get the funding to build more stores?
They seem badly hit in sales and stock price.
However they are able to get funds to startup more stores and recruit a new batch of management team.
Hopefully those fund houses will see something in Parkson and start to invest in them again.

Posted by joetay > 2017-08-08 19:02 | Report Abuse

@ks55,

any idea on kip reit???

looks attractive if can buy at below rm0.9

Posted by Royce Chan > 2017-08-08 19:04 | Report Abuse

Btw when is the actual date for PRA Q4 result?

Posted by Lion88 > 2017-08-08 19:12 | Report Abuse

Thanks Ks55.
It has been a tough time.
No clear direction from Parkson so far.
Totally in doubts.
Nothing announced on Q4 result release yet.
Wish all success.

Posted by kelvin62 > 2017-08-08 21:36 | Report Abuse

Parkson never had RI unlike Reit stocks. You can buy Reit stocks but you must prepare to dump more capital when they are out of money. No such issue in Parkson.

Posted by kelvin62 > 2017-08-08 21:38 | Report Abuse

04-Aug-2016 16-Aug-2016 DIVIDEND_SHARE Others 1 : 20 Dividend Detail
10-Jun-2015 23-Jun-2015 DIVIDEND_SHARE Others 3 : 50 Dividend Detail
26-Feb-2015 11-Mar-2015 DIVIDEND_SHARE Others 1 : 20 Dividend Detail
09-Jul-2014 23-Jul-2014 DIVIDEND_SHARE Others 3 : 50 Dividend Detail
27-Mar-2014 09-Apr-2014 DIVIDEND_SHARE Others 3 : 50 Dividend Detail
24-Apr-2013 08-May-2013 DIVIDEND Second interim dividend RM 0.08 Dividend Detail
12-Nov-2012 27-Nov-2012 DIVIDEND Interim Dividend RM 0.1 Dividend Detail
22-May-2012 04-Jun-2012 DIVIDEND Second interim dividend RM 0.06
https://klse.i3investor.com/servlets/stk/annent/5657.jsp

Posted by kelvin62 > 2017-08-08 21:38 | Report Abuse

So many share dividend and dividend past 5 years but without right issue.

Posted by kelvin62 > 2017-08-08 21:43 | Report Abuse

joe tay ks55 is not objective. Because of his capital tie up ongoing RI he say other other stocks no good. KIP Reit 30 sen cheaper than Hektar not a bad choice. You can also go for AHP for coming 2.7 sen dividend.

ks55 KIP Reit?
If major shareholders are selling, what is your interpretation?

I bought most of my Hektar few days ago at 1.24 and 1.23
I was expecting the dividend (Distribution) before the Rights Shares coming into market.
Rights shares are not entitled to the 4 sen DPU because profit was made without any contribution from the Rights Shares.
This has been the norm.

Better buy will be Atrium as you will see profit improves when all properties already rented out, plus the newly acquired Shah Alam 3 will be delivered to tenant within this quarter once utilities reconnected.
08/08/2017 21:00

Posted by kelvin62 > 2017-08-08 21:57 | Report Abuse

Let my q at 54.5 sen done tomorrow.

Posted by Royce Chan > 2017-08-08 23:41 | Report Abuse

PRG has gained almost 100% from the low and PRA has also recovered from the low. Based on the recovery Parkson Holdings should have recovered by easily 30% from 0.55 since it''s controlling more than 50% of both companies but it retreated today to a new low @ 0.545. The stock didn't seem to have strength but weak and succumbed to sell down in any rebound. Some said something fishy is going on and some said it''s heading to 0.50. Looking at the current scenario more downside is very likely. Financially PRA is very weak since its' shareholder funds are already far below paid up capital besides loss making while PRG is just breaking even. So what's actually going on in Parkson Holdings which kept its' price more and more depressed since Q3 result was reported? Is there really going to be a kitchen sinking activity in Q4 or big negative surprise in Q4 result?

Posted by AdCool > 2017-08-09 00:34 | Report Abuse

PHB is a lost cause. Just wait for WC to privatize and delist it for maybe 0.35-0.40. Next, he would do all the wonders and relist it after 2-3 years for RM2. Not easy to make profit from WC. He's just like the OSK boss. Everything they sapu and leave the shareholders with crumbs or none at all.

Posted by wilsonchan87 > 2017-08-09 07:01 | Report Abuse

Q result will out on 25 Aug after check with IR

Posted by Royce Chan > 2017-08-09 09:24 | Report Abuse

When is PRA Q4 result released actually?

Posted by kelvin62 > 2017-08-09 09:25 | Report Abuse

LionInd QR out last day but not half price Parkson. Sound fishy?

Posted by joetay > 2017-08-09 09:43 | Report Abuse

@ks55,

thats why i said if kip is below 0.9, then i will punt. i saw a few kip marts and their biz model is quite interesting, something like a cross between hypermart and traditional wet market.

Posted by joetay > 2017-08-09 09:44 | Report Abuse

@kelvin62,

i will stay away from parkson since banker is holding all the cards.

ahp is stable if the buy-in is rite. i m only monitoring reits to see if there r any punting opportunities.

Posted by kelvin62 > 2017-08-09 10:29 | Report Abuse

William Cheng build shopping malls and sell for big gain after few years. That's why Parkson cash rich not in heavy debts unlike Reit stocks.

Posted by kelvin62 > 2017-08-09 10:42 | Report Abuse

Q 54.5 matched. Sell more to me 54 sen.

Posted by kelvin62 > 2017-08-09 10:44 | Report Abuse

Don't see WC sell Parkson unlike in LionInd. WC is proven billionaire. Who is ks55 in real life?

Posted by kelvin62 > 2017-08-09 11:04 | Report Abuse

Reits can be good provided after RI over. Hektar case still ongoing.

joetay @kelvin62,

i will stay away from parkson since banker is holding all the cards.

ahp is stable if the buy-in is rite. i m only monitoring reits to see if there r any punting opportunities.
09/08/2017 09:44

Posted by kelvin62 > 2017-08-09 11:05 | Report Abuse

Parkson also consider a Reit as it also own malls but at 54.5-55 sen definately worth a punt.

Posted by AdCool > 2017-08-09 11:07 | Report Abuse

It speaks volumes when PHB dropped from RM5 to Rm0.55. No brainer to notice that. That proves something is terrible wrong in PHB. Now ppl can just hope for turnaround and rebound. Yet to see such turnaround after 5 years of monitoring this counter. The China market is still in a mess which cause them to lose their sights on SEA market. PHB need to assess and reinvent itself and transform drastically or else it's going to be left out in this fast paced economy. It's unfortunate that PHB not a GLC/cronny/political organization and yet it ended up like one e.g. MAS, FGV

Posted by lion188 > 2017-08-09 11:52 | Report Abuse

Big gain in LionInd. Hopefully Parkson turn will come soon to celebrate 60 years Merdeka.

Posted by joetay > 2017-08-09 16:03 | Report Abuse

@kelvin62,

parkson cannot be considered as a reit since no cash dividends given in the past 2 yrs.

at most one can consider it as a possible privatization or turnard story.

Posted by joetay > 2017-08-09 16:10 | Report Abuse

@adcool,

actually parkson is hammered down from 2008's rm10/share to the current level.

even the store is trying its best to reinvent some of its outlets in kl-klang and jb areas, but parkson, i dont see any noticeable efforts.

Posted by Royce Chan > 2017-08-09 19:33 | Report Abuse

Technically PRG is not looking good since yesterday when 1.21 was hit and repeated today. If that's breached in the following sessions a major breakdown can be confirmed from the current rising wedge pattern. A bearish engulfing candlestick was formed few days ago.

PHB low of 0.545 was done yesterday and today. 0.55 major support was finally broken and turned major resistance if no rebound above that in coming session. Perhaps PRA Q4 result will determine PHB direction in immediate term. Be cautious in this critical month.

Posted by Lion88 > 2017-08-10 09:30 | Report Abuse

Hello.
Why are PRA and PRG declining so fast today?
Management, please support the price up.
Thank you.