Posted by joetay > 2018-03-07 05:16 | Report Abuse

lol.........

not happy abt me saying the truth abt parkson, complain me to mcmc and sue me then.

dont even know how to read the multimedia law properly.

brush up on ur english.

Posted by joetay > 2018-03-07 05:22 | Report Abuse

btw, seeing how u fervently support and defend parkson, my psychological analysis of u is that u dont to have many profitable counters and that parkson is one of ur major allocation in ur portfolio.

m i rite????

lol..............

Posted by Parkson8888 > Mar 7, 2018 01:58 AM | Report Abuse

I own many counters why must talk here only?

Posted by joetay > Mar 6, 2018 09:34 PM | Report Abuse

why suddenly all the parkson die hard supporters disappeared?????

btw, congrats to all parkson die hard supporters for parkson reaching a new low today.

Posted by Parkson8888 > 2018-03-07 15:16 | Report Abuse

Why so many idiots? Close stores is to save rental and manpower expenses. After CNY sales drop cut expenses is good.

Posted by Parkson8888 > 2018-03-07 15:18 | Report Abuse

Nearby Pavilion Parkson still open so not difficult to find another Parkson.

Posted by Parkson8888 > 2018-03-07 15:21 | Report Abuse

PRGL up 2 sen collect more 46-47 sen.
https://www.bloomberg.com/quote/3368:HK

Posted by joetay > 2018-03-08 00:01 | Report Abuse

so parkson8888, how many % of parkson r u holding now???? can enter bod and talk with william?????

u been telling us that u been buying almost everyday, so what is ur average price???? care to share????

my rough feel is that at the rate u r buying, ur average price is still higher than the current price. and with the volume that u r buying, u must be in deep red.

lol...............

Posted by joetay > 2018-03-08 00:03 | Report Abuse

congrats to all parkson die hard supporters for parkson reaching a new low again today.

that is 2 lows in a day. will parkson have a third low tomorrow?????

lol............

Posted by Jeffreyteck > 2018-03-08 10:10 | Report Abuse

5 years ago Parkson was traded above 5, people already told me its potential is in China. If you have been there, you will feel the real sentiments, in particular after the Chinese government strengthened its anti corruption. The same go to Parkson in Danang if you happened to be there. On a broad basis, which Lion companies is doing well? I wish I am wrong so that the holderd can be rewarded, but just monitor closely.

Posted by Leesk > 2018-03-08 12:14 | Report Abuse

Bursa should request parkson to announce any retail outlet closure and its impact to financial. This is to avoid any speculation on its impact .

Posted by LimKokThay > 2018-03-08 15:48 | Report Abuse

PRA not losing money? If close outlets not loss reduce?

Leesk Bursa should request parkson to announce any retail outlet closure and its impact to financial. This is to avoid any speculation on its impact .
08/03/2018 16:07

Posted by LimKokThay > 2018-03-08 15:50 | Report Abuse

PRGL is profitable operationally.

Posted by ivan9511 > 2018-03-08 17:02 | Report Abuse

Parkson now still better than media
Media near 40sen
Parkson still good
At least price much much higher than Media
Media worst

Posted by Hock88 > 2018-03-08 18:29 | Report Abuse

收着就好，不用担心那么多的!看好就留着，不看好就卖了，股票有上有下很正常的，周期股一般都那样

Posted by LV888 > 2018-03-09 09:14 | Report Abuse

Parkson mytown is crowded on weekend and holidays.

Posted by LV888 > 2018-03-09 09:17 | Report Abuse

Closing unprofitable outlets are good for business.

Posted by LV888 > 2018-03-09 19:17 | Report Abuse

Diu Na Sing, keep so much cash for what?
http://www.focusmalaysia.my/CMS/Documents/pdf/FM-10-Most%20cash-rich%20companies.pdf

Posted by LV888 > 2018-03-09 19:23 | Report Abuse

Ks55 create rumour so you sell cheap and he collect, evil!!!

Posted by Leesk > 2018-03-10 14:45 | Report Abuse

Parkson should consider Blue Ocean Strategy. Go where there is less competition.

Posted by Leesk > 2018-03-10 14:47 | Report Abuse

Retailing on Men

Posted by Leesk > 2018-03-10 14:50 | Report Abuse

Parkson should concentrate on sales of children clothing, comestic, shoes, curtains

Posted by shpg22 > 2018-03-10 15:03 | Report Abuse

Parkson recently opened store in Puchong Perdana is out of sync with the current trend. Seems like they still stuck with the old mentality of departmental store concept which is obsolete long ago. The merchandise is not up to date (still selling t-shirt with big dump logo) and limited F&B outlet apart fr the food court...omg

Posted by joetay > 2018-03-10 19:12 | Report Abuse

sometimes i just cant help but to laugh at die hard parkson supporters.

lol..............

Posted by foreign_fund > 2018-03-11 02:45 | Report Abuse

Parkson outlines mall strategy

BUSINESS NEWS
Thursday, 8 Mar 2018

By Thean Lee Cheng

Closed down: Parkson’s Sungei Wang Plaza outlet was the latest store to be closed, shuttering on Feb 26. Parkson had had a presence there for about 30 years.

It wants to be in the right place for customers and market it is seeking

PETALING JAYA: Departmental store operator Parkson Holdings Bhd’s decision to close a number of stores in recent weeks in Malaysia and around the region has raised questions on the company’s growth strategy.

The Sungei Wang Plaza outlet located in downtown Kuala Lumpur was the latest store to be closed, shuttering on Feb 26. Parkson had had a presence there for about 30 years. Just early last month, the Maju Junction store was shut down.

A company spokesperson said the mall visitors to Plaza Sungei Wang were “no longer aligned” with the market that they were seeking.

“The customer profile (in Sungei Wang) has changed,” the spokesperson told StarBiz.

Sungei Wang Plaza, opened in 1977, has more than 200 shops and its strata-titled ownership means that many shops have individual owners, a number of whom own multiple units.

The spokesperson said the mall management has no control over the overall ambience or tenant mix. Although Sungei Wang may have fitted in with the overall strategy of the Parkson brand years ago, the situation has changed over the years.

Said the spokesperson: “This (departure) is part of our overall strategy in line with the changes in the marketplace. Parkson should be in the right place for the customers and market we are seeking,” the spokesperson said.

Parkson occupied a couple of floors totalling 107,000 sq ft in Sungei Wang. The company also has another outlet in upmarket Pavilion KL, which opened in 2007, and located half-a-kilometre from Sungei Wang Plaza.
According to Pavilion Real Estate Investment Trust’s 2016 annual report, Parkson was among the top-10 largest tenants in the mall.

On the regional front, English language daily Vietnam News reported that Parkson Flemington also closed the company’s Ho Chi Minh store on Feb 27.

According to Henry Butcher Retail managing director Tan Hai Hsin, Sungei Wang Plaza still has potential due to its strategic location.

Tan said: “This is the same as locating in Orchard Road Singapore, Siam Square in Bangkok, Nathan Road in Hong Kong, Oxford Street in London. The main challenge of Sungei Wang Plaza is the ownership of its property.
https://www.thestar.com.my/business/business-news/2018/03/08/parkson-outlines-mall-strategy/

Posted by foreign_fund > 2018-03-11 02:48 | Report Abuse

Sungei Wang 30 years in operation if workers work there for so long sure very high pay compared to newly opened Parkson. Rental also very high so closing down is right move?

Posted by Parkson8888 > 2018-03-11 17:28 | Report Abuse

Just call and find out no need compensation bec most workers are nearing retirement age.

Posted by joetay > 2018-03-11 21:18 | Report Abuse

lol.............. this is the best joke i heard for so long.

today is sunday, parkson8888. so dont tell me parkson ir so hardworking on sunday also?????

Posted by Parkson8888 > Mar 11, 2018 05:28 PM | Report Abuse

Just call and find out no need compensation bec most workers are nearing retirement age.

Posted by joetay > 2018-03-11 21:23 | Report Abuse

oh yes, forgot to tell u, flyingkite or whatever ur nick.

maybe u can be good friends with die hard parkson supporters??????

they also quite irrational and delusional like u.

lol............

Posted by let us catch i3 devil > Mar 11, 2018 09:19 PM | Report Abuse

Posted by joetay > Mar 3, 2018 06:17 PM | Report Abuse

i give u address.
here:
u write to this address:

joetay

Jalan Bukit Aman, Tasik Perdana, 50560 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

then ask them trace my ip

Posted by joetay > Mar 4, 2018 02:50 PM | Report Abuse

sure, i give u

tay ya yee

701020-02-5327

want my number also?????

Posted by joetay > 2018-03-11 21:27 | Report Abuse

lol.............

i disturb u tomorrow again, ok???? flyingkite or whatever ur nick.

go play with ur other clone orange88, ok????

Posted by let us catch i3 devil > Mar 11, 2018 09:24 PM | Report Abuse

Posted by joetay > Mar 3, 2018 06:17 PM | Report Abuse

i give u address.
here:
u write to this address:

joetay

Jalan Bukit Aman, Tasik Perdana, 50560 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

then ask them trace my ip

Posted by joetay > Mar 4, 2018 02:50 PM | Report Abuse

sure, i give u

tay ya yee

701020-02-5327

Posted by joetay > 2018-03-11 22:02 | Report Abuse

lol...........

we r very worried abt ur mental condition, flyinkite.

tomorrow i troll u, ok????

meantime, remember to take ur medication.

Posted by Buy_ > 2018-03-11 22:20 | Report Abuse

Avg TP 82 sen. 78% upside.
https://klse.i3investor.com/servlets/ptg/5657.jsp

Posted by Parkson8888 > 2018-03-12 03:01 | Report Abuse

Parkson opens new mall in Puchong
https://www.thestar.com.my/metro/metro-news/2018/01/25/new-mall-for-puchong-residents-retail-and-lifestyle-hub-boasts-spacious-layout-and-convenient-parkin/

Posted by joetay > 2018-03-12 08:21 |

Post removed.Why?

Posted by limch > 2018-03-12 14:46 | Report Abuse

Parkson Holdings to expand in new malls, pull out from less popular ones
Read more at https://www.thestar.com.my/business/business-news/2018/03/12/parksons-plan/#1l0vD3fJs11u3Ueb.99

Posted by ccheinn > 2018-03-12 21:25 | Report Abuse

how bad parkson can go?

Posted by TheContrarian > 2018-03-12 22:52 | Report Abuse

Wah, ks55 still remembers the Emporiums!

Posted by joetay > 2018-03-12 22:53 |

Post removed.Why?

Posted by arv18 > 2018-03-12 22:53 |

Post removed.Why?

Posted by davidkkw79 > 2018-03-12 22:56 | Report Abuse

If parkson end up to become PN17, I wouldn't be surprised cause this kind of company is Holland king Calvin most favor at.

Posted by joetay > 2018-03-12 22:59 |

Post removed.Why?

Posted by Pen6 > 2018-03-12 23:02 | Report Abuse

How good can parkson go ?

Posted by curious2 > 2018-03-13 03:55 | Report Abuse

Parkson is selling shirt. It means you can walk around naked?

Posted by arv18 > Mar 12, 2018 10:53 PM | Report Abuse
PN17 soon. Will be history like blockbuster & VHS video tapes.

Posted by Parkson8888 > 2018-03-13 04:05 | Report Abuse

Why ks55 only here? No money to buy any ctr?
http://klse.i3investor.com/servlets/cube/post/ks55.jsp

Posted by Parkson8888 > 2018-03-13 04:06 | Report Abuse

Is losing money LaFarge cheap at 4.92?

Posted by Pen6 > Mar 12, 2018 11:02 PM | Report Abuse
How good can parkson go ?

Posted by Parkson8888 > 2018-03-13 04:09 | Report Abuse

Your id is wrong. Cannot use TheContrarian if your meaning is to buy when majority is selling.

Posted by TheContrarian > Mar 12, 2018 10:52 PM | Report Abuse
Wah, ks55 still remembers the Emporiums!

Posted by Parkson8888 > 2018-03-13 04:12 | Report Abuse

If I ever meet you please show to me you no need to wear any shirt.

Posted by arv18 > Mar 12, 2018 10:53 PM | Report Abuse
PN17 soon. Will be history like blockbuster & VHS video tapes.

Posted by ajibkor > 2018-03-13 08:41 | Report Abuse

Parkson Holdings to expand in new malls, pull out from less popular ones

PETALING JAYA: Parkson Holdings Bhd is looking to open in several new locations with a presence in newer and more exciting malls while exiting those that do not fit in with the company’s market dynamics.

The Malaysian department-store operator with a regional presence said it was looking at a few strategic areas in Damansara, Bukit Jalil, Klang and Melaka as possible locations for new stores.

“In China, we plan to open two in the near future, with a few more in the pipeline,” a company spokesperson said in an email.

The spokesperson said the dynamic and evolving nature of the retail industry means that certain older malls have become less relevant compared to other newer malls with features appealing to shoppers.

Currently, Parkson has 114 stores in the region with 44 in Malaysia occupying a total of five million sq ft.

While exiting from malls that do not fit into the brand image, the spokesperson said the company will take up larger spaces on a net lettable basis in newer malls. The spokesperson noted that the company’s strategy will ensure that the brand stays relevant, noting that both MyTown and Sunway Velocity malls which are only 1km apart have Parkson stores and cater to different markets.

The spokesperson said Velocity catered for the young and fashionable while MyTown catered more for the family crowd.

“They are observed to have different racial and cultural mix,” the spokesperson said.

Besides the two closures in Kuala Lumpur, the regional mall operator also closed Parkson Flemington in Ho Chi Minh City, Vietnam, on Feb 26. It closed the Sungei Wang Plaza’s 107,000 sq ft outlet, which opened in 1987, on the same day.

The spokesperson said while Sungei Wang Plaza used to be a popular hangout several decades ago, the market dynamics have changed.

The company closed the 220,000 sq ft Maju Junction outlet, located at the Jalan Sultan Ismail-Jalan Tunku Abdul Rahman intersection, in early February. It was an anchor tenant of the mall and started operating there in 2014.

On the closures, the spokesperson said: “Over time, market dynamics change vis-a-vis customer demographics, profile, alternative locations and competition from new competitors.

“We have to react quickly to be at the right place where the market and customers congregate. Those that do not have these criteria may have to be replaced.”

Henry Butcher Retail managing director Tan Hai Hsin said the main challenge of Sungei Wang Plaza was the ownership structure.

“It is a strata-titled shopping centre with hundreds of owners. When external retail market and consumer shopping behaviour changed, the strata-titled shopping centre is not able to react to the changes quickly due to its multiple ownership.

“Firstly, it requires consensus from the owners in the mall before any action on refurbishment and reconfiguration can be done. “Secondly, it is difficult for the management to change the configuration of the retail shops based on market changes due to multiple ownerships.

This challenge also applies to the strata-titled Pertama Complex and Campbell Complex.
cin a report from last year, the retail industry remains challenging. The opening of various new malls in the Klang Valley within a stone’s throw of each other and an oversupply of mall space have impacted the retail scene.

While the more popular malls never seem to lack visitors, those with lesser pull have suffered. The emergence of online retail is another factor.

On the closure of Parkson Flemington in Ho Chi Minh City, the spokesperson said: “As in every business, we have to know our market and this applies to all the markets we are in. Our strategy is to identify and be present in such markets with the right demographics, population size, disposable income and, of course, the right location.

“In order to have the sustaining power to remain ahead, we have to diversify our offerings and stay focused on our customers’ needs and wants.”

Parkson became one of the leading retailers in Vietnam by building a chain of retail stores in Ho Chi Minh City, Hanoi, Haiphong, and Danang. Competition came. Since 2014, Parkson has yet to open any new stores in Vietnam. Parkson Flemington was the fourth store that closed since it entered that market in 2005.

The Malaysia-based retailer has six stores in Vietnam, 48 in China, one in Myanmar and 15 in Indonesia. The Malaysian retailer also operates the Centro retail brand in Indonesia.

Read more at https://www.thestar.com.my/business/business-news/2018/03/12/parksons-plan/#meRtw3AqSBYY64mK.99

Posted by joetay > 2018-03-13 12:02 |

Post removed.Why?

Posted by contrarian > 2018-03-13 15:09 | Report Abuse

Add more 45 sen. Cash per share 80 sen.

Posted by Pen6 > 2018-03-13 23:28 | Report Abuse

Parkson8888 Is losing money LaFarge cheap at 4.92?
No, I am still waiting for the best price yet to be offer, no hurry.

Posted by LV888 > 2018-03-14 16:58 | Report Abuse

Why everyday during the last minute, press the price down? Sure someone is collecting.