Posted by newbie5354 > 2017-08-15 20:20 | Report Abuse

QR out before actual released? Insider trading? Or fake news?

Posted by Lion88 > Aug 15, 2017 07:50 PM | Report Abuse
http://www.businesstimes.com.sg/companies-markets/parkson-retail-asia-issues-profit-guidance-for-fy2017

Posted by newbie5354 > 2017-08-15 20:36 | Report Abuse

Why 2009? What he do before join PRA? Jobless for 8 years? Sound like you are shortie(PRA, PHB) not shareholder.

Posted by Lion88 > Aug 15, 2017 04:53 PM | Report Abuse

Please check on PRA CEO Mr Larry Michael Remsen online.

Executive Vice President and Chief Merchandising Officer of Gordmans Inc from 2006 to 2009

Please check on Gordmans Inc too.

Is Parkson going through similar path?

Posted by joetay > 2017-08-15 20:46 | Report Abuse

where r parkson's biggest supporters @kelvin62 and @yucaihacai?

really dont know why these 2 can keep on spinning nonsense like icap's ttb?

Posted by kelvin62 > 2017-08-15 20:54 | Report Abuse

Looking for me? I add more 53 sen. The higher price purchased still dumb-dumb hold. Just ignore what the haters said. They are too poor to buy any counters.

Posted by joetay > Aug 15, 2017 08:46 PM | Report Abuse
where r parkson's biggest supporters @kelvin62 and @yucaihacai?

really dont know why these 2 can keep on spinning nonsense like icap's ttb?

Posted by kelvin62 > 2017-08-15 21:12 | Report Abuse

Lion88 so many questions newbie5354 asks you why you fail to answer. You said you are a S'porean. Why you never attended PRA AGM to ask them or proposed something since you mentioned you were long time PRA shareholder? Maybe by e-mail you hard to talk in details why AGM in your hometown why also difficult to attend?

Posted by Royce Chan > 2017-08-15 21:55 | Report Abuse

Kelvin62 What happened to the questions I posted to you last week? Why you still fail to explain in detail? Is it difficult for you to explain?

Posted by nikicheong > 2017-08-15 21:56 | Report Abuse

Guidance is issued usually to "soften" blows. So now the market knows what to expect. It's a massive impairment exercise. Likely hoping to start anew for FY18.

To me I don't care about PRA, I care about PRGL. That's the meat of PHB.

Posted by future > 2017-08-15 22:07 | Report Abuse

Buy more at 0.535...bottom fishing. Lowest is 0.53. Keep bullets to buy more if falls. No body knows the bottom..but this is value buy!!

Posted by Royce Chan > 2017-08-15 22:50 | 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.

Posted by joetay > 2017-08-15 22:53 | Report Abuse

@kelvin62,

after bleeding all the way from 75 or more and holding till now plus still optimistic and adding, u must really trust icap's ttb.

can i sell u call option 60 for 5 cents???

Posted by Parkson8888 > 2017-08-15 22:56 | Report Abuse

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.

Posted by Royce Chan > 2017-08-16 06:58 | Report Abuse

Parkson8888 A good question but it's not relevant to my comment specifically if you read carefully. The daily price movement of PHB is not conclusive but you need to observe the following sessions for confirmation. Intermittent rebound is common technically but it takes a longer period to form a clear direction. In fact further drifting of PRA serves a caution to PHB holders to consider some wise action's. Unless some + developments pending for announcements will warrant good opportunity in PHB exceptionally.

Btw why are you using Parkson8888 as your ID and not a proper name to reflect your status?

Posted by pakatan_harapan2 > 2017-08-16 10:41 | Report Abuse

Pakatan=nothing to hide. BN=everything must hide.

Posted by Royce Chan > 2017-08-16 14:43 | Report Abuse

PRA hit all time low today SGD 0.073. Very bearish!

Posted by Royce Chan > 2017-08-16 14:49 | Report Abuse

PHB 0.53 T4 will be due from tomorrow. Critical period this week.....

Posted by Royce Chan > 2017-08-16 22:06 | Report Abuse

Ks55 Assuming your prediction is true what level will PHB most like be after Q4 is reported?

Posted by Parkson8888 > 2017-08-16 22:12 | Report Abuse

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.......

Posted by Parkson8888 > 2017-08-16 22:23 | Report Abuse

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.......

Posted by Royce Chan > 2017-08-16 22:53 | Report Abuse

Parkson8888 Before you keep asking bear in mind you still fail to explain anything yet..... if you can't simply explain better not waste your time asking anything!

Posted by Royce Chan > 2017-08-16 23:01 | Report Abuse

Parkson8888 Since you asked 'Why PRGL today up 2 sen?' so tell us Y

Posted by Royce Chan > 2017-08-17 07:24 | Report Abuse

Ks55 Do you have any estimate for the loss in PRA for FY17?

Posted by joetay > 2017-08-17 08:21 | Report Abuse

@royce chan,

why estimate the loss since alrdy know that there is gonna be an operational loss of at least sgd10m?

and there is no significant disposal.

Posted by Royce Chan > 2017-08-17 08:46 | Report Abuse

FYI it's reported that PRA has given a profit warning of SGD 62 M loss for FY17!

Posted by Royce Chan > 2017-08-17 10:15 | Report Abuse

Ks55 What's your estimate on PRG Q2?

Posted by Lion88 > 2017-08-17 10:29 | Report Abuse

Hi Ks55,

What is the Meeting held by Parkson Management today for?

Do you have the details and timing of the meeting?

Thank you.

Posted by pakatan_harapan2 > 2017-08-17 10:50 | Report Abuse

Pakatan=nothing to hide. BN=everything must hide.

Posted by pakatan_harapan2 > 2017-08-17 10:50 | Report Abuse

Why Parkson sellers cannot disclose their identity? Must hide like BN?

Posted by Royce Chan > 2017-08-17 11:33 | Report Abuse

Hahaha....

Posted by LEARNINGINVESTOR > 2017-08-17 15:22 | Report Abuse

百盛集团(1.18, -0.01, -0.84%)(03368)发布公告，于截至2017年6月30日止6个月，该公司收益总额23.69亿元，同比增长1.9%;该公司股东应占亏损445.8万元，亏损同比减少96%;每股亏损0.002元，不派息。

公告显示，二季度同店销售实现反弹，从第一季度的下降2.2%提升至二季度增长2.4%。该集团2017年上半年的整体销售毛利率同比上升0.1%至21.6%。

此外，收益总额上升主要由于得益于青岛金狮广场租金收入同比增加1420万元;期内收取退税款1930万元。

Posted by Royce Chan > 2017-08-17 16:25 | Report Abuse

That means both subsidiaries are already in - earnings. So at best PHB will be expected to report more than RM 100M losses unless its' other unlisted companies generate huge profits to offset those losses which are a real miracle!

Posted by Royce Chan > 2017-08-17 18:18 | Report Abuse

PGR Q2 result is nigh. 2H result to struggle. With - EPS more downside on PRG.

Posted by Royce Chan > 2017-08-17 19:05 | Report Abuse

Based on the available data now from PRG Q2 and PRA PW, PHB can easily suffer a LPS of 10 sen from these 2 subsidiaries.

Posted by newbie5354 > 2017-08-17 20:24 | Report Abuse

Royce you have nothing better do? Jobless and post here don't get you any money. Your AAX doesn't move up. Instead Parkson up. Why waste time here? Sold at 53 sen?

Posted by newbie5354 > 2017-08-17 20:42 | Report Abuse

PRGL actual result?

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 16, 2017 09:27 PM | Report Abuse

PRGL result out tomorrow.
Expecting to lose RMB 80m.......
https://klse.i3investor.com/servlets/cube/post/ks55.jsp

Posted by nikicheong > 2017-08-17 21:26 | Report Abuse

Eh, contrary to the above, I think the result is positive. This are the signs of a turnaround plan that is working. We can't just jump into profitability right away. First, stem the losses. Based on Q1 and Q2 2017, losses do seem to have been stemmed. Costs have been brought down, revenues have been increasing.

To me, I'm satisfied with the result.

If you discount the bonds, CL has fallen from 3.83bil to 3.24bil. NCL has risen slightly from 1.19bil to 1.24bil.

Shareholders equity has increased, after decreasing for many quarters.

Operating profit from -51mil to +70mil.

Some numbers not shown in the financial statement but are positive development:

Q1 2017 revenue: 1.255bil
Q2 2017 revenue: 1.114bil
Q2 2016 revenue: 1.081bil

Q1 2017 operating profit: 31.216mil
Q2 2017 operating profit: 39.349mil

Q1 2017 income tax: 17.7mil
Q2 2017 income tax: 36.5mil

------------

To me all the above is proof that the turnaround is in progress, and is working. There is a net loss mainly due to the hugely increased taxation vs Q1.

Each to their own, but I hold my Parkson shares bought at RM0.64 for now. I will not top-up more, but I think returning to sustained profitability for Parkson in China is achievable now. Again, the most important thing is stemming losses, and Parkson has done this. Now we move on to phase 2.

Posted by nikicheong > 2017-08-17 21:32 | Report Abuse

For the bonds, I don't think there's much to worry about as bonds can be eventually refinanced. I believe Parkson is waiting to refinance at the last possible moment to show that the turnaround plan is working to some degree in a bid to pay lower coupons on the refinanced bonds. They will likely pay off a portion of the outstanding face value at the same time.

Posted by nikicheong > 2017-08-17 21:36 | Report Abuse

Another thing to add. You need to look at the finer details. Like how there is lower revenue QoQ but higher operating profit. This means costs have been brought under control and there is continuous improvement in that regards. Operating profit margins up from 2.5% to 3.5% QoQ.

Maybe I am clutching at straws but I would like someone to show how Parkson is worse off today compared to the previous quarter of this year, or the similar quarter last year.

Posted by nikicheong > 2017-08-17 21:43 | Report Abuse

Parkson Retail Group's current P/BV is at 0.55X, which is neither over-priced nor under-priced. The price may fall a bit, but the Malaysian listing of PHB already is far off the value of PRGL.

Hard to predict what will happen...

Of course this is discounting whatever PHB's core losses could be (i.e. Parkson Credit, Parkson Maju Junction etc which come directly under PHB rather than PRGL/PRA).

Posted by Royce Chan > 2017-08-17 22:09 | Report Abuse

newbie5354 Royce you have nothing better do? Jobless and post here don't get you any money. Your AAX doesn't move up. Instead Parkson up. Why waste time here? Sold at 53 sen?

I don't get what you mean there. Please explain clearly!

If I'm mistaken you're the 1 usually find fault with Radzi! This forum here is for members to use wisely. If you can't post any comment which is useful to us here but looking for problems then you're in trouble. And I believe you're also using a fake ID and also few IDs.

So I'd like to listen to your explanation. Don't hide away from here. I'm waiting....

Posted by nikicheong > 2017-08-17 22:14 | Report Abuse

KS55, don't talk so much nonsense lah about the PRGL results.

1) Why keep quoting the bottomline? To spot turnarounds you always keep an eye on the operating profits and operating profit margins. That's where the first signs of turnaround/improvement will show.

2) That revenue has decreased QoQ (due to natural festive period effect) but operating profits are higher should be a very positive sign. Why are you spinning it to be a negative?

3) Regarding depreciation:

"Depreciation and amortization decreased by RMB23.6 million or 13.1% to RMB156.3 million. The
decrease was primarily attributable to savings from stores closed and renovation from old stores that
has been fully depreciated in 2016 and 1H2017. On a same store basis, depreciation expense
decreased by 10.8%, mainly due to the fully depreciated assets mentioned above."

I don't see any hanky panky with the depreciation. If you add back the RMB23.6 to the operating costs for H1 2017, you will still get a net operating profit of ~RMB50mil.

Posted by Royce Chan > 2017-08-17 22:15 | Report Abuse

newbie5354 PRGL actual result?

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 16, 2017 09:27 PM | Report Abuse

PRGL result out tomorrow.
Expecting to lose RMB 80m.......
https://klse.i3investor.com/servlets/cube/post/ks55.jsp
17/08/2017 20:42

From your comment I can say that you're a NUT!

If you don't know how to make good use of this forum you can just not wasting your time here. If you want to air your emotion or ego then you've found the wrong place!

Posted by Royce Chan > 2017-08-17 22:25 | Report Abuse

nikicheong Ks55 may be emphasizing too much on that about PRG but that's true as it's already reported today in Q2. Financially and technically the directions are not really looking good. Hence H2 is really critical. So be cautious from now.

Posted by Royce Chan > 2017-08-17 22:37 | Report Abuse

No...I think nikicheong just want to be very sure as you must understand niki's position in PHB. Unlike some fella jokers who perhaps still adding postion in PHB and a bit of rebound is as if a golden turn around while loosing in other counters yet loosing faith and calm as well. Moreover applying different IDs to fake out. Needless to reveal but understandable who being referred to!

Posted by curious2 > 2017-08-18 09:11 | Report Abuse

Public Invest TP 75 sen maintained. Why despite i3 members so gloomy?
http://klse.i3investor.com/blogs/PublicInvest/130252.jsp

Posted by curious2 > 2017-08-18 09:12 | Report Abuse

Logically if PRGL QR not good PRGL share price should react not PHB.

Posted by curious2 > 2017-08-18 09:15 | Report Abuse

Where is Beginner1? PublicInvest also have same thinking like you why Royce Chan and ks55 view different? If Royce not the 1 selling why he must be here?

Posted by curious2 > 2017-08-18 09:17 | Report Abuse

Why PB Bank share price RM 20.5 vs Affin 2.5 or Kenanga 53 sen? Which IB more reliable?

Posted by curious2 > 2017-08-18 09:19 | Report Abuse

Let see PRGL got drop today like PHB? By right PRGL should react on QR not PHB.

Posted by Royce Chan > 2017-08-18 09:24 | Report Abuse

curious I'm here partly to monitor those without proper and fake ID in this forum.

I wonder how long have you been in share investment or trading? You question is a silly reflection of yourself. FYI a stock reacts when there's material development. For PHB Q4 is not reported yet. So how do IBs react?

So are you proactive, reactive or passive? Or nether??

Posted by pakatan_harapan2 > 2017-08-18 10:21 | Report Abuse

Pakatan=nothing hide. BN=everything must hide. Parkson sellers why must hide(never announce)?