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

Sell to me 50 sen tomorrow.

Royce Chan PRA Q4 loss SGD 44,893M
23/08/2017 18:28

Royce Chan PRA FY17 loss SGD 62,530M
23/08/2017 18:34

Posted by Parkson8888 > 2017-08-23 22:15 | Report Abuse

Cash and short-term deposits 63,278

Posted by Parkson8888 > 2017-08-23 22:15 | Report Abuse

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

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

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

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

Why cash >Market Cap?

Cash and short-term deposits 63,278

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

Posted by Royce Chan > 2017-08-24 09:07 | Report Abuse

PHB may retest 0.53 anytime. Beware!

Posted by Parkson8888 > 2017-08-24 09:17 | Report Abuse

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

Posted by Lion88 > 2017-08-24 10:18 | Report Abuse

It seem that they are waiting and accumulating at low price.

Hopefully its not another case of Amsteel.

LionInd price is a critical indicator.

Posted by Royce Chan > 2017-08-24 10:58 | Report Abuse

PRA is saddled with huge accumulated losses and massive debts. Even with a new business plan PRA still needs to go for restructuring before any new development can proceed.

Posted by Royce Chan > 2017-08-24 11:00 | Report Abuse

PHB is critical @ 0.53 level. Failing to hold will attempt 0.50 and below.

Posted by pakatan_harapan2 > 2017-08-24 11:18 | Report Abuse

Lion88 I have said ks55 many times is M'sian parasite. If Pakatan win in GE 14 cut his pension by half no time to calk cock here.

Posted by pakatan_harapan2 > 2017-08-24 11:18 | Report Abuse

No GST our promise can help Parkson also.

Posted by Lion88 > 2017-08-24 11:27 | Report Abuse

Hi Limch,

Have been writing till my lost from PRA accumulated to more than RM150K.

A lumpsum of my saving still stucked inside.

No dividend and Price continue to fall. The feeling of being fool by PRA management is extremely painful.

Wrote many times to them and both Chelsea and Tara replied. However both are not even from Parkson, they belong to a consultant firm called Bell Pottinger.

http://www.parkson.com.sg/contact-us/

Chelsea Phua / Tara Wong
Bell Pottinger
Phone: +65 6333 3449
Email: CPhua@bellpottinger.com / TWong@bellpottinger.com

Posted by Royce Chan > 2017-08-24 11:38 | Report Abuse

Usually they're not in the position to address you specifically as per your enquiry. Moreover they can't disclose on the management wellbeing which is internal in nature. Unless if you know anyone attached to Parkson Grp then you may get some direct or indirect info essentially.

Posted by Royce Chan > 2017-08-24 11:42 | Report Abuse

But frankly if you look them financially and technically, they're very bearish. Evident in PRG and PRA latest FR and price movement. It's no joke or condemnation but simply facts based on latest data and share movement in response to FR.

Posted by JuniorR > 2017-08-24 11:52 | 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

Posted by Lion88 > 2017-08-24 12:11 | Report Abuse

Recovery Plan

Posted by Royce Chan > 2017-08-24 12:13 | Report Abuse

Cash flow has improved for Q4 '17 compared to Q4 '16 as well as FY '17 and FY'16 simply bcoz more new outlets and business were opened. But the operational costs and expenditure beside other financial activities exceeded sales turnover resulting in higher losses. Borrowing increased as well to finance the new store developments.

Posted by newbie5354 > 2017-08-24 12:48 | Report Abuse

Lion88 to ks55 your loss is too small(hence meow-meow). Hence he wants you to lose more good people?

Posted by Lion88 > Aug 24, 2017 11:27 AM | Report Abuse
Hi Limch,
Have been writing till my lost from PRA accumulated to more than RM150K.
A lumpsum of my saving still stucked inside.

Posted by ks55 > Aug 24, 2017 12:36 PM | Report Abuse
If you are just a small investor, you need not bother about meow-meow recovery plan.
Spend more time to look after your own pocket.
Lion meow-meow's problem is WC's problem.
Don't trust WC can solve his problem, it is very easy on your part.
Just vote with your legs...........

Posted by newbie5354 > 2017-08-24 12:48 | Report Abuse

Why PRA up despite weak QR? Bursa-casino like?
https://www.bloomberg.com/quote/PRA:SP

Posted by Lion88 > 2017-08-24 13:19 | Report Abuse

Hi Newbie.

Please monitor the Volume traded in PRA that causes the increase in price.

The Gap between the buy and sell price was 0.73 and 0.80 (10%) this morning with extremely low Volume.

Check the Traded Volume of PRA from the day the ex-CFO was removed and replaced by the new CEO and acting CFO (Approximately Apr 2017).

Be Cautious.

Posted by JuniorR > 2017-08-24 13:38 | Report Abuse

PRA made accounting losses. Parkson bhd has NTA of RM2.34. Even after minus Intangible assets, NTA is RM1.54 thereabouts. Parkson Bhd sold products worth RM12,037,479,000 in 2016. Now its market cap is RM581,000,000. For comparison, Oldtown Bhd has an NTA of RM0.82 sold products & services worth RM393,406,208 in 2016. Now its market cap is RM1,288,000,000. That is Parkson sold 30.6x more goods & services than Oldtown but is worth almost half of Oldtown. Even if Parkson Bhd is making losses, can its shares be worth nothing? Thats like saying you can get free food from a shop just cause it doesnt taste as good as you would like it.

Posted by newbie5354 > 2017-08-24 14:29 | Report Abuse

Lion88 you not from S'pore? I heard Willam Cheng also stay in S'pore. If hard for you to meet him you can drop letter at his home citing your disappointment of PRA share drop. I can suggest you ask him to sell Parkson to The Store and ask them to merge to reduce competition.

Posted by newbie5354 > 2017-08-24 14:40 | Report Abuse

Of course not at current market price. It should be double or triple for PRA price, 1.2-1.5 X for PRGL. Perhaps retails sector also need merger like banks for continued survival.

Posted by newbie5354 > 2017-08-24 14:49 | Report Abuse

PRA up with loss QR but Parkson drop. How to buy share like this?
https://www.bloomberg.com/quote/PRA:SP

Posted by newbie5354 > 2017-08-24 14:50 | Report Abuse

Public Bank TP still 75 sen. Who short sell PHB?

24-Aug-2017 Price Target Parkson - PRA Still In Headwinds
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.75
Last Price : 0.54, Upside/Downside : +0.21(38.89%)

Posted by contrarian > 2017-08-24 16:34 | Report Abuse

PRGL also up 3 sen like PRA up perhaps dual listing better for PHB?
https://www.bloomberg.com/quote/3368:HK

Posted by JuniorR > 2017-08-24 22:18 | Report Abuse

In my opinion mostly institutional investors short Parkson as small timers rarely get to short stocks on Bursa. Parkson Bhd price is currently based on all negative sentiments. My safe TP is RM1.54. If continue losses, just revalue downwards from Parkson's NTA RM2.34.

Correct me if I'm wrong, I'm not sure how Lion Diversified being delisted affects Parkson. They are separate companies. If delisted, they are still operating businesses. IF Lion company(s) bankrupt they can sell their Parkson shares in block to another private single/multiple buyer and NOT in open market.

Posted by limch > 2017-08-25 10:08 | Report Abuse

M'sian no more like shopping? Is it true?

Posted by limch > 2017-08-25 10:08 | Report Abuse

Why PRGL no drop?

Posted by limch > 2017-08-25 10:13 | Report Abuse

Affin, Kenanga QR why still cannot release like PBB, HLG, Ambank? How much loss they suffer shorting Parkson?

Posted by limch > 2017-08-25 10:15 | Report Abuse

Please refer to Beginner and JuniorR posts how to calculate PHB value. Might be Affin, Kenanga IBs' staffs must lose job if broking firms must consolidate.

JuniorR PRA made accounting losses. Parkson bhd has NTA of RM2.34. Even after minus Intangible assets, NTA is RM1.54 thereabouts. Parkson Bhd sold products worth RM12,037,479,000 in 2016. Now its market cap is RM581,000,000. For comparison, Oldtown Bhd has an NTA of RM0.82 sold products & services worth RM393,406,208 in 2016. Now its market cap is RM1,288,000,000. That is Parkson sold 30.6x more goods & services than Oldtown but is worth almost half of Oldtown. Even if Parkson Bhd is making losses, can its shares be worth nothing? Thats like saying you can get free food from a shop just cause it doesnt taste as good as you would like it.
24/08/2017 13:38

Posted by JuniorR > 2017-08-25 10:20 | Report Abuse

疑惑深，智慧深；疑惑浅，智慧浅。
Parkson Bhd price is based on mostly local sentiment. In 2017, Lion counters all up until recently but Parkson down. There seems to be no domino effect unless people believe in wrong things. Investors believe both companies are linked in price. They are separate businesses. Parkson is big enough to overcome its problems. Now share price big discount from assets.

Posted by limch > 2017-08-25 10:20 | Report Abuse

Affin coverage on AAX shows how poor they are as IB.

Posted by nikicheong > 2017-08-25 10:41 | Report Abuse

I do believe we are at the bottom. With the PRA housekeeping done and two successive quarters of successful turnaround in China, better days lie ahead. Now, we won't ever go back to the glory days of RM10++, not even above RM1 likely. But going to RM0.60 and RM0.70 should be achievable. Parkson Bhd is now trading at a fairly large discount to NAV, even when you take into account a substantial holding company discount and remove goodwill/tangible assets from the equation.

Posted by limch > 2017-08-25 12:24 | Report Abuse

Affin give sell call on AAX last month at 27 sen. How is AAX today?
http://klse.i3investor.com/servlets/ptres/41423.jsp

Posted by Pen6 > 2017-08-25 14:07 | Report Abuse

What is W C ? Do you go WC ? Of course, I don't Shi Shi behind wall. I do buang air Besar dalamnya. Pay 20 sen per entry, ok.

Posted by Royce Chan > 2017-08-25 15:18 | Report Abuse

PHB is near 0.53. Once penetrated there'll likely be free fall to 0.50 and below.

Seriously beware!!!

Posted by limch > 2017-08-25 16:01 | Report Abuse

Affin QR why not out? PRGL still rock solid.

Posted by limch > 2017-08-25 16:02 | Report Abuse

If QR bad should on 30th Aug like LionInd.

Posted by limch > 2017-08-25 16:06 | Report Abuse

MARKET CAP (B HKD)
3.109
https://www.bloomberg.com/quote/3368:HK

Posted by limch > 2017-08-25 16:07 | Report Abuse

HKD 3.109 billion convert to RM how much? Only Affin idiot IB don't know how to calculate.

Posted by JuniorR > 2017-08-25 16:27 | Report Abuse

Parkson Bhd's NAV = Net Asset Value = All assets minus(tolak) all liabilities = RM2.34.
NAV minus(tolak) Intangible assets which includes Goodwill = RM1.54 thereabouts. This does NOT include assets at current valuation. All old valuation.

Parkson's business is 69% based in China based on its 2016 Annual Report and total revenue source. China's retail is growing at about 10% a year recently. Parkson is doing many things to grow their business. Currently Parkson has started running stand alone brands like Mango, Lol, Spao etc.

WIth deposits, cash and bank balances of RM3,575,141,000, Pakson Bhd can easily start acquiring good profitable businesses and let them run by themselves. And Parkson can use their connections in China and their capital to further improve these acquired businesses.

Any share cannot be worth nothing. Parkson price has come down so much and is already reflecting current and future losses. Its current assets, distribution channels, management skills, WC's ability to make JV with big comapnies like E Land are all being discounted.

In other words, Parkson price already too cheap even with losses.

Posted by JuniorR > 2017-08-25 16:45 | Report Abuse

Thank you to all the "sifu" comments for the past 3 years. I'm sure your biased reviews on Parkson has helped yourselves or a number of investors in either profiting from short selling or accumulating more of Parkson shares. I personally have been accumulating.

Valuation of Parkson currently is grossly wrong. If you want to buy the whole of Parkson;

RM581mil now for a business that sells RM12bil of merchandise with net assets RM9.4bil (2016 consolidated financial position).

Posted by Royce Chan > 2017-08-25 18:52 | Report Abuse

Q4 LPS - 9 sen. FY17 LPS - 11 sen

Q4 net loss RM 151.03 M

Posted by Royce Chan > 2017-08-25 18:54 | Report Abuse

Next Mon opening 0.445!

Posted by Stock Kingdom > 2017-08-25 19:09 | Report Abuse

Will surely go down lower, matter of time only

Posted by joetay > 2017-08-25 19:58 | Report Abuse

@stock kingdom,

i m waiting for parkson to delist.

Posted by hollandking > 2017-08-25 20:02 | Report Abuse

so delist a good thing?

Posted by curious2 > 2017-08-25 20:40 | Report Abuse

13. a) Prospects
b) Forecast or target previously announced
The disclosure requirements are not applicable for the current quarter and financial year-to-date.
14. Statement of the Board of Directors' opinion on achievement of forecast or target
The disclosure requirements are not applicable for the current quarter and financial year-to-date.
15. Profit forecast or profit guarantee
No profit forecast or profit guarantee was published.
For the current quarter under review, the Group's retailing operations in Malaysia and Indonesia benefited from the
Muslim's festive season, while other regions experienced lower traffic flow in their retail stores in the absence of major
festivities. The Group's revenue was 8% lower at RM974 million against RM1,062 million in the immediate preceding
quarter.
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.
Looking ahead, the Group is confident in the long term prospects of the retail market in China and recognises the
changing retail industry and consumer trends. The Group remains positive about the business operations there and is
excited by the many available opportunities. As part of the Group's unwavering commitment to the China market over
the past 20 years, its priority remains to consolidate Parkson's leading market position as the preferred lifestyle
retailer for consumers, as well as the preferred partner for brands.
The Group's operating environments in the Southeast Asian region are anticipated to remain challenging over fragile
consumer sentiment. The Group will exercise vigilance in pursuing its strategies to transform Parkson into a lifestyle
concept retail business. With our established footprint in the Southeast Asian department store industry, the Group is
confident that the upcoming expansion, along with the addition of new offerings will bode well for the Group.
file:///C:/Financial/ParksonHB-17Q4.pdf