Posted by Parkson8888 > 2017-09-05 15:25 | Report Abuse

Add more 51.5-52 sen.

Posted by joetay > 2017-09-05 15:27 | Report Abuse

iwc is still ok.

there r guys who held @ 80sens and sold off at ard rm2.40.

parkson is all the way down.

Posted by limch > 2017-09-06 11:04 | Report Abuse

PRGL YTD up 39% why Parkson must drop?
https://www.bloomberg.com/quote/3368:HK

Posted by limch > 2017-09-06 15:15 | Report Abuse

PRGL up 4 sen no 1 see it? Why i3 forum so lousy?
https://www.bloomberg.com/quote/3368:HK

Posted by Tan Soon Boo > 2017-09-07 09:50 | Report Abuse

Public bank gives target price 0.75, ~44% upside! I will just buy some to keep ;)

Posted by future > 2017-09-07 14:22 | Report Abuse

Me too ..

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

if the majority of investors have confidence of parkson, then buy buy and buy parkson, the stock price will go up!!!

Posted by 888888888 > 2017-09-08 09:38 | Report Abuse

88 sen Kenanga TP pls not drop.

Posted by Lion88 > 2017-09-08 17:35 | 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.

Posted by Parkson8888 > 2017-09-08 17:43 | Report Abuse

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.

Posted by Lion88 > 2017-09-08 17:52 | Report Abuse

Require I.D. like yourself to prove my assumption are wrong.

We can learn from this open forum to improve our analytic skills.

The mistakes that I have made are true and hopefully this will help this forum followers.

Challenging in forum does no help investors to think rationally.

We are trying to analyse and discuss fruitfully.

Posted by JuniorR > 2017-09-08 22:01 | Report Abuse

There appeared to be some weird or fake sell orders today and maybe yesterday as well. Whoever it may be, a licensed market maker or a shareholder, I believe the price of Parkson is way too cheap currently. Should volume of buying increase, I believe even the fake orders will go away as these people probably will only lose money (also due to lack of hedging services locally) if they try to suppress via manipulation/market making.

Besides that, previously many online businesses managed to eat large retailer's market share by selling at lower prices as they were escaping their tax liabilities especially in China as taxing an online biz is a bit tricky and new. However now, it should be more regulated. This will be good businesses like Parkson.

I believe many investors big and small are reluctant to invest because of all the new and exciting businesses out there, failing to see old undervalued businesses can typically make more returns on investment & even more returns if they can adapt & transform or acquire new businesses. On this note, if Bloomberg Malaysia was still around and covered Parkson every now and then, most probably Parkson's price has shot up by now and also up on those few quarters i.e. when large cash sum came into Parkson's account etc.

Posted by ipunk_ > 2017-09-09 17:59 | Report Abuse

Huaan can surge 10 times within 2-3 weeks why not Parkson jump to RM 1?
https://www.bloomberg.com/quote/3368:HK

Posted by Good_buy > 2017-09-11 10:52 | Report Abuse

LionInd flying Parkson must follow.

Posted by yucaihacai > 2017-09-11 11:29 | Report Abuse

congrate future, parkson 8888, kelvin 61, limch bought 0.520 and 0.515. last wednesday, i bought 0.520. big talk ks55, big talk joetay, royce chan, i prepare sell to your guys at higher price.

Posted by Parkson8888 > 2017-09-11 21:18 | Report Abuse

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

Posted by joetay > 2017-09-11 21:47 | Report Abuse

@yucaihacai,

from 75sen drop down to 52sen and now only back up abit means that parkson is primed for further fall.

assuming that u bot from 65 sen and bot all the way to 52 sen in an attempt to average down the price, ur average price shld be ard 58.5sen.

therefore, u r still in a loss.

as parkson is primed for further fall, u better prepare urself to buy more to lower down ur average price.

Posted by yucaihacai > 2017-09-11 23:08 | Report Abuse

Joetay, u no ball buy. dun big talk here lah

Posted by mason > 2017-09-12 10:25 | Report Abuse

First, I am Parkson shareholder. I spot & brought Parkson is a very high price yrs ago and continue average down. Now I am stuck on it with huge losses, the highest losses in my portfolio so far. I do hope it will go back to the 80sen level or even higher to reduce my losses.

My wife told me a very good point last time to cut loss for Parkson. She said nowadays & future is moving forward to online purchase. Everything is Taobao, Lazada & etc... Taking her as an example, how long she did not go shopping at Parkson or retails. All just a click away and ship until your door step & it cheaper!

At that time i just did not listen to her advise but turn out to be she is right.

Posted by Parkson8888 > 2017-09-12 10:35 | Report Abuse

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

Posted by vitac > 2017-09-12 10:35 | Report Abuse

Agree, but take a look at Padini, few years back @ 1.30+- now reach 4.60, if years back you buy Padini not Parkson is a different story now...

Posted by Parkson8888 > 2017-09-12 10:37 | Report Abuse

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

Posted by godhand > 2017-09-12 15:10 | Report Abuse

i think what he meant is people can choose to shop outside or at home now. people dont have a choice last time

Posted by Good_buy > 2017-09-12 15:48 | Report Abuse

I own many counters why no PHB shareholders can promote PHB up?

Posted by Leong HL > 2017-09-12 16:00 | Report Abuse

fyi For the past few years Parkson has open a lot of new stores that is not performing.

Posted by JuniorR > 2017-09-12 16:02 | Report Abuse

Mason: No doubt online shopping is a wonderful thing. However, for now it makes up a low percentage of total retail sales.

Despite this, the issue is currently; Parkson upon checking their financials statements, the shares are worth a whole lot more than current price. As I mentioned earlier, they have over RM1bil in cash which they can use to do anything including acquiring an online business though Parkson has already begun working on online shopping. And their rather new division Parkson Credit has been growing constantly.

If everyday minority shareholder sell, price will usually go down considering the absence of large buyers lately. However, if large buyer(s) comes in I wonder what the sellers will do.

Posted by Good_buy > 2017-09-12 16:07 | Report Abuse

If you not Parkson shareholders why come here? I will not buy your other counters. Parkson is dumb-dumb hold or add more for myself.

Posted by joetay > 2017-09-12 17:19 | Report Abuse

@yucaihacai,

i alrdy said parkson is on a downward trend, so what for i contradict myself to buy parkson???

i rather park my money with other penny stocks which can give me a fair probability of doubling up within 1 yr.

Posted by joetay > 2017-09-12 17:21 | Report Abuse

@juniorR,

and do u think parkson is able to beat alibaba/wanda/carfour in china or aeon/isetan/tesco in malaysia with the rm1bln in the bank???

Posted by mason > 2017-09-12 17:45 | Report Abuse

Parkson top management need big change in order to revive Parkson. no change on business outlook = no change on share price. that it.

Posted by mason > 2017-09-12 17:48 | Report Abuse

vitac: luckily i also buy padini few yrs back. just look around majority is wearing padini. Get good quality shirt, nice design, cutting that suit Asians with cheap price. what the different between uniqlo and padini? also selling the same apparel. padini is way cheaper. all those middle and low classes group will go for padini.

Posted by JuniorR > 2017-09-12 17:55 | Report Abuse

Parkson's price should be at least RM1.40 before discussing their competition. For now, Parkson just have to intelligently allocate their capital that is in their bank and continue with their transformation.

Well, as far as I know many big Online Businesses are buying brick-and-mortar businesses like Parkson including Alibaba with their recent purchase of Intime which was on my radar sometime back. If u compare Intime and Parkson, Parkson has a much better distribution, better financial position, better product placements in terms of profit margins.

Alibaba probably bought Intime (besides tech reasonings) because Intime had more on the ground assets concentrated at certain locations, which is what Parkson has been doing lately by building their own malls and also now newly Parkson will begin to help handle mall management for other real estate developers.

Price of shares are based on sentiment. A more positive sentiment will see Parkson's price to up and increase.

Posted by joetay > 2017-09-12 18:07 | Report Abuse

@juniorR,

u r basing the 1.40 on parkson's accounting, and this is useless when it comes to market sentiment and reality.

the reality is that parkson is unable to compete against alibaba/wanda/carrfour in china and aeon/isetan/tesco in malaysia.

so even if account numbers provided by parkson theoretically price it at 1.40, do u think parkson can get the price it wants on its assets???

do u even know why alibaba is buying a brick-and-mortar biz in the first place??? the reason is becos alibaba wants to move into mass volume grocery shopping and mall experience/management via its edge in ai.

Posted by JuniorR > 2017-09-12 22:27 | Report Abuse

I believe this is the 3rd time I am restating this statement:

" RM1.40 is my TP as it can be viewed as Parkson's liquidation value. Its real so called asset valuation; Parkson Bhd's NAV = Net Asset Value = All assets minus(tolak) all liabilities = RM2.34.

A going concern/onto-the-market valuation of Parkson should be much higher than my TP. Simple, find me a company that is selling for (market capitalisation) RM581mil now that sells RM12bil of merchandise with net assets RM9.4bil (2016 consolidated financial position) with 69% business in China with a founder that has numerous friends and connections.

RM1bil plus of cash net 2018 bonds can buy numerous business today. Why should we sell out our company when we can acquire other businesses. "

Retail is not a 1 business win all game as long as history has shown.

When large businesses are buying smaller on-the-ground biz like Parkson, investors will make more money investing in target businesses like Parkson rather than the acquisition hungry businesses like Alibaba that are already selling at super incredibly high valuations.

Posted by joetay > 2017-09-12 22:51 | Report Abuse

@juniorR,

the accounting numbers r provided by parkson.

the minute u said that william cheng has numerous friends and connections in china, i know u r a joker, sorry to say this truth to u.

have u ever been to a shopping mall in china first and also, have u been to a parkson store in china???

if u been to one, u will know that parkson is game over in china.

Posted by JuniorR > 2017-09-13 00:35 | Report Abuse

Truth is you and your negative sentiments buddies mostly don't own any Parkson shares and are probably promoters for 3rd party investors. And rarely are any fundamental analysis based of facts and figures shown. Mostly we read are your FEELINGS towards these businesses.

Anyone with skin in the game or who owns Parkson shares will provide positive solutions & suggestions to other shareholders and to management. As an idea, if shareholders on this forum get together, we can possibly put up a Shareholder Proposal that can benefit everyone.

Additionally, investors should regularly read audited statement from the companies whose shares they own. If you are doubtful of audited statements find something else to invest in that you can trust, understand, and feel comfortable investing.

@joetay; I doubt game over businesses that are suppose to close shop can sell RM8.28bil worth of merchandise in China in 2016 while opening and building new stores/malls and acquiring or JV with F&B businesses and with foreign retailer like E-land, start selling self owned brands with exclusive rights of sales from certain brands etc.

Jim Chanos (investor) was mentioning on CNBC (13/09/17 12.24am), Alibaba's accounting is severely doubtful and their corporate governance is worse than non-existent. Comparatively, Parkson has been rather straight forward by deducting new store costs from sales&profit numbers and have been honest with their negative period earlier to the current positive outlook.

Posted by joetay > 2017-09-13 01:35 | Report Abuse

@juniorR,

for ur info, i punt with my own money.

i dont recommend stocks since i do not want to be blame by ppl if something goes wrong. but if i see someone sprouting nonsense on how good a stock is without any fundamental story, i think it is only rite that i voice out the misinformation.

even william cheng is not providing solutions, so why shld i??? does he or u pays me??? i make my money by punting stocks which i think r profitable, not dying stocks.

how r my feelings involved when what i said is the truth. the truth is parkson china is being hammered left, right, center, back, front, up and down by alibaba/wanda/carrfour. and this is a fact, no need any accounting figures to tell me.

if audited accounts can be trusted fully, then there will be no enron/olympus/transmile etc.

obviously u do not even know how big the chinese market is if u think parkson doing rmb4.6bln in sale and having an operational loss of rmb202mln can be considered as huge, look at alibaba is doing ard rmb160bln with profit of rmb48bln while wanda is doing ard rmb274bln with profit of rmb13.5bln.

have u ever even been to a wanda/cp/carrfour/alibaba shopping mall in china??? if u ever been to one, u will know how far behind parkson is compared to its competitors and even if parkson undertakes a turnaround plan, its not going to help in the competitive china market.

for jim chanos, he can say all he wants about the accounting and he is not able to provide evidences to back up what he said, but alibaba has been able to deliver the goods.

if u step back and have a look, u will have noticed that u r unable to rebut the basic fact of parkson being hammered badly with hardly any chance of a turnaround which i presented except telling me ur 1.40 story.

Posted by JuniorR > 2017-09-13 09:31 | Report Abuse

Well, there it is. PUNTers are the the people that have been negatively commenting on Parkson WITHOUT any whatsoever facts and figures besides saying online is taking over the world and down trend will cause prices to fall down to nothing.

If thats the case, why dont these PUNTers offer the sale of your houses that aren't collecting sufficient rent or no rent at all at market price divided by 4? That is Parkson's current valuation.

Do give suggestions of other good stocks. However, if you recommend wanda/cp/carrfour/alibaba etc, tell us what are the valuation of these stocks. Dont just simply say internet is the way forward, sell everything and buy even at 197 P/E for Alibaba. Tell us what are the asset value net liabilities and then say the business is expanding well etc etc and will be good for investment.

Then again, PUNTers..

Posted by JuniorR > 2017-09-13 10:32 | Report Abuse

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 24, 2017 11:52 AM | 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


Today:
Yes I am a junior in the stock market that knows how to value businesses and comment on businesses I either know about or own.

ks55, why don't you sell me/us your stocks and go play golf? UNLESS, you don' have any stocks and are being paid to give negative comments & FALSE statements.. We've been reading your asinine comments for 2 years plus now.

Real investors and even traders here will make money as long as they don't sell Parkson shares and buy more until it reaches its actual valuation RM1.40 and above.

Posted by joetay > 2017-09-13 13:04 | Report Abuse

thats why i know @juniorR is a 100% joker when he said a founder that has numerous friends and connections. furthermore, he dont even know the basics of retail biz and yet he claims, 'Yes I am a junior in the stock market that knows how to value businesses and comment on businesses I either know about or own. '

anyone who is in retail biz management level knows that parkson is a gone case in china and malaysia, yet he refuses to acknowledge this widely known fact in the retail industry.

so we know he basically know nothing except looking at accounting numbers.

Posted by pakatan_harapan2 > 2017-09-13 15:38 | Report Abuse

Kenanga 88 sen TP also fake? Let Pakatan rule in GE 14 better. We hate fake govn.

Posted by joetay > 2017-09-13 20:15 | Report Abuse

today parkson continue to drop, so where r william's supporters????

Posted by Pen6 > 2017-09-14 13:40 | Report Abuse

Last night many went holland holiday, remain few dreaming 60 sen, 61 sen, 62 sen............so nice so nice 63 sen, 64 sen..........

Posted by joetay > 2017-09-14 14:16 | Report Abuse

but it is very interesting to see how some investors still believe in parkson's china story after so many yrs and despite parkson dropping from rm10 to the current 0.53sen within the past 10 yrs.

a very good study into investor's psychology.

Posted by JuniorR > 2017-09-14 17:38 | Report Abuse

Best time to buy is when share price is down. You will never know when negative sentiment will change to positive especially when Parkson has started to show cash inflows as of latest quarter. Cash is the easiest asset to track and the most difficult to make a mistake on as you just have to audit and check their bank account.

Posted by yucaihacai > 2017-09-14 19:24 | Report Abuse

last 2 days sold 0.55-0.56. Bought today 0.53 bottom.

Posted by yucaihacai > 2017-09-14 19:25 | Report Abuse

next target 0.515-0.52, i am waiting you. Joetay sell to me.

Posted by joetay > 2017-09-14 20:09 | Report Abuse

the biggest mistake a trade/investor can make is to average down when the trend is down.

from 75sens to 53 sens, @yucaihacai, u must be taking quite a hit

Posted by JuniorR > 2017-09-14 20:31 | Report Abuse

It is most likely the negative commenters here own 0 Parkson shares. 0.515-0.52 will be good to up ownership but i don't think can down that much. I cant predict the future but there might be good reason why it might not down much.

Investors buy value for money assets at the best price possible and keep. Traders look at trend and trend will be upwards soon if volume continues and price up a bit by bit.

Posted by joetay > 2017-09-14 23:29 | Report Abuse

@juniorR,

until now, u still keep on harping the accounting numbers provided by parkson and how cheap it is.

so far, u r still unable to rebut the simple fact that alibaba/wanda/aeon/carrfour r far ahead. i dont need any accounting numbers or theoretical valuation to tell me that they r a better buy.

let me ask u a simple question, if u r so confident of parkson, r u willing to stake all ur money into this stock???

mind u, this stock came down from rm10/share to its current 0.53/share within 10 yrs.

many an investors lost their life savings when they bot into parkson china story in 2008.