This retracement is only on small volume. The smart investors collecting recently from 0.50 Sen plus all the way to 0.67 Sen is quietly collecting again cheap from those filled with fear. Remember, savvy investors always buy ahead of the pack. Good opportunity to buy even more currently. Just ignore short term noises on Parkson and the rewards will be significant when the turnaround comes. Parkson's business in China is gaining momentum and will be adequate to cover the SEA markets slower pickup. China's market is enormous especially the underserved 3rd tier cities which Parkson is now focusing on. Parkson's books is still looking good. Stay the course and ignore the prophet of doom that visit this space occasionally to shit this stock. Coming next two quarters will be much better believe you me, cheers.
speakup go to mall only for aircond and makan :-) speakup only window-shop at mall to ask the sales staff questions about product interested. Then speakup go home and order thru Lazada, Shoppee, 11street, Amazon, Aliexpress, .... cheaper!
Parkson don't own shopping malls except in China. Can close stores anytime when tenancy agreement expire and no more profitable. However inventories(shirts, trousers) still belong to Parkson and can move elsewhere or sell cheaper for cash.
Treat volatility as your friend. Sold a chunk above 0.65 recently and starting to buy back again at 0.52 today. I love this stock. Will buy all the way down even when it goes below 0.50. Opportunity to make another round when better results comes out for the next two quarters, cheers.
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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....
limch
3,262 posts
Posted by limch > 2017-11-17 16:46 | Report Abuse
Coming AGM can vote against director fee(DF)? Ask cut 10% DF. Not enough cut 20%?