Better cut loss now no kidding,the revenue is the worst among 6 years even plus the last quarter result also cannot save it anymore.Just do your research!
Totally agree with Harvard57 post on 27th, parkson drop like shit is because we have a major shareholder whose other companies in the group are in deep shit like megasteel. The only reprise, is that the company itself is buying back the shares aggressively. Once they have sold enough to raise fund to repay the debts, it should recover. Look At AEON, rm14! And its profit is less than PArkson
This ctr drop too much, even now rebound i still in loss, ai..h, my enter price around 3.12, now 2.85, no more $ to top up, think must hold more than 1 year liao...
Have to hold this baby and keep buying new clothes (fr. Parkson) as the baby grows. Huh, my holding prices are much higher - at least there are dividends. If one is stuck with shares that have no dividends, lagi sakit.
wonder why go n buy watch sector which i dont think it will contribute much % of profit to the group & not much relevant to the group biz sector/industry==''
this parkson really no have power......you dump i dump everbody dump.....The company buy back its stock in this few months with internal fund but what we got are stock price dropped like hell....personal i think the company should use 1 bil to declare bonus issue to pump up the price of stock.
We should take its share price weakness as a good chance to accumulate. We won't have chance to buy low all the time. After all, Parkson still has great business prospect with strong financial standing, that the key to survive during challenging time.
I kinda doubt the financial still strong like b4 due to the slow down of expanding cos of Internet shopping player n the worst is tat the brother n sister company (lion corp/lion div/lion ind etc) in deep shit..so better aware of it..
i think he wont simply give out the company which bring him glory especially steel industry just the matter of minor/major/partial save of lion group..so i can foresee the selling pressure still on for parkson group..
Ai, q at 2.75, if get also dun know wanna laugh or cry, yesterday bought 10 lot @ 2.80, today morning session drop lagi, luckily afternoon it close 2.79, may be next week I can q at 2.75 c whether can get or not...
Luckily William is not selling Parkson. Downside risk for Parkson is limited as now Parkson is trading at 5 year low and support by frequent shares buyback. As CNY is fast approaching business should pick up both in China and Malaysia where most of Parkson stores locate.
Think 2.70++is the lowest, n 2.90 is the support line, if it can break 2.90 then will be in uptrend stage...I accumulate this parkson from 3.26 till the lowest 2.74, average down my cost to 2.99, but I x hold all, sold some which I bought 2.74 and 2.80...as i think after CNY it will back to 2.70++, better I sell n buy back later..
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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....
benson911
639 posts
Posted by benson911 > 2013-12-30 15:33 | Report Abuse
Parkson no eye c alr, more and more fund disposing......