Old news ks55.. Parkson response: As stated in Note 2.1 to the audited financial statements (page 62 of the Annual Report), the board of directors of the Company (the "Board") is of the view that it is appropriate to prepare the Group’s financial statements for FY2017 on a going concern basis, as the Company's ultimate holding company, Parkson Holdings Berhad, has agreed to provide financial support for the twelve months following the date of the said financial statements to enable the Group to meet its financial obligations as and when they fall due, and the Board is also of the view that the Group WILL BE ABLE TO GENERATE SUFFICIENT CASH FLOWS from its operations. For the foregoing reasons, the Board is therefore of the view that the Company will be able to operate as a going concern. (b) The Board confirms that all material disclosures have been provided for orderly trading of the Company’s shares to continue.
See Tesla stock, negative earnings but price can up from $150 to $300. Good story. That's all people/investors seem to be interested in.
Cheap/undervalued/accounting seems irrelevant. If everyone believes Parkson turnaround effort is a good story, I believe share price will continue upwards.
Parkson8888.. yes. whoever can attend should do so! Can recommend good ideas & ask good questions. My idea would be Parkson do a TAKEOVER/BUYOUT of other profitable business like Oldtown with management intact. Worse come to worse, after few years can sell out Oldtown to a leverage-buyout firm. Parkson consulting with professional investment advisors i.e. Goldman Sachs can also do much good for shareholders.
I would suggest closing stores in Mahkota and Subang Parade to save rental cost and salary. Like Giant choose min 5 stores to close esp those in towns or cities which has many Parkson. Or try to bargain with shopping mall for lower rental if they don't want Parkson to close.
@ Harry_7 Told you guys this ks55 loser is nothing but a pest. He don't even have money to buy shares. He is a retiree who spends his time shitting stocks he lost his pants in the past. He is also active shitting Lionind but this have stopped lately as Lionind's share price is on the verge of a breakout. Hope he finds peace before it ruins his health.
Why can Parkson learn something from PADINI; so fantastic all the way from invested the same time now PADINI go from 1.60 to 5.40 within 3 years span !!
Opportunity doesn't come always .....so relax...stop asking question...the answer is no use in stock market....we are here to make some bucks....and the best is buy at bottom....go for it.
Add more 63 sen. PRGL bigger of 2(PRGL & PRA)still rock solid. Those not holding Parkson no need to post here offering advise. We will dumb dumb hold or add more.
Pest like ks55 don't know how to read and play the market. That is why he is a loser all his life. Savvy investors buy ahead when they can sense the turnaround is near. By the time Parkson start to report profits on group basis, the share price would be shooting up like a rocket. If making money was so easy, then more than 90% of players including this idiot would not be losing all the time. The trouble is he doesn't have foresight and don't know how to interpret and crunch the numbers. Poor lost soul, I sincerely hope he finds his way. BTW, this ks55 pest don't even owned a lot of Parkson but spend all his time here. You think successful investors do this?
bro, no personal attack pls. We are sharing info among each other to invest wisely. I do evaluate all the ks55 comments even though it may conflict with my interest. Everyone has his own view to gauge the market to provide complete consideration when investing. Everyone is our teacher. I bought this counter not due to its revenue, but its underlying hard assets.
just to share, after read the report, parkson still making some losses n no profit even with positive revenue. 2018 could be a bubble burst year for bond, stock and real estate. if so, asset valuation for parkson will drop. just beware of this.
@ TF Tan I normally do not in principle get personal. But this chap got personal some time back and hit below the belt with no interest here. That was what broke the camel's back. He's still shitting every opportunity he gets. Someone need to put him in his place.
Your opinion on bursting of the bubble, I do agree but I think it will be anywhere from 2019 onwards. Conditions in the financial and world markets would probably be too overheated by then, cheers.
Even retail outlets businesses in the US are having a hard time. Don't blame Parkson just because you don't intend to be a shareholder. The business model of Parkson in Malaysia hasn't changed for so long, wonder what kind of talents is this?
Positive Quarter by Parkson in China which is Parkson's biggest market!
Parkson's turnaround efforts are ongoing with 1 shopping mall, 2 Parkson Newcore Citymalls, gourmet supermarkets, fashion and Food & Beverage outlets in over 30 major cities across China.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
faralenz77
1,033 posts
Posted by faralenz77 > 2017-11-01 20:49 | Report Abuse
More likely bad management like mas