Unlikely. The way he posts not promoting as shareholder.
Posted by issac99289928 > Mar 24, 2018 12:24 PM | Report Abuse I think ks55 loves Parkson so much that he already accumlated millions of Parkson's shares.
OTHERS Announcement by Parkson Retail Group Limited - Update on Discloseable Transaction: Acquisition of Properties in Wuxi, Jiangsu, the People's Republic of China
PARKSON HOLDINGS BERHAD
Type Announcement Subject OTHERS Description Announcement by Parkson Retail Group Limited - Update on Discloseable Transaction: Acquisition of Properties in Wuxi, Jiangsu, the People's Republic of China Reference is made to the announcement by the Company on 19 March 2018 in relation to the announcement by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The Stock Exchange of Hong Kong Limited, in respect of the discloseable transaction on the acquisition of properties in Wuxi, Jiangsu, the People's Republic of China ("Acquisition") ("PRGL Earlier Announcement").
Unless otherwise stated, the terms used throughout this announcement shall have the same meaning as defined in the PRGL Earlier Announcement.
PRGL had on 23 March 2018 announced an update on the Acquisition that (i) the Wuxi Intermediate Court has issued an auction completion confirmation confirming that Wuxi Sanyang Parkson Plaza Co., Ltd., a 60% owned subsidiary of PRGL, has acquired the Properties at the consideration of Rmb200,000,000 (equivalent to approximately RM124,000,000); and (ii) the PRGL Group has paid the balance of the Consideration of Rmb180,000,000 (equivalent to approximately RM111,600,000) on 22 March 2018 ("PRGL Announcement"). A copy of the PRGL Announcement is attached herewith. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5734169
According to my observation , Tan Eng will at first aggressively promote share X when price starts to trend downward. you will see him non stop spamming all day all night. when price starts to go down further he will ask you to add more. Then he will disappear ( or jump to another stocks as you know he hold 100 counters ) if the price go down even more. After few years when the price starts to come out of the base he will happily claim all the credits and pretend like he is i3 Jesus.
of coz he will quote Warren Buffet , all other "Gurus" and show you how much he made in stocks XYZ.
now parkson price very depressed you wont see him around one. he will tell you as long as the company is not delisted you still have chance. what a joke!
if you are observant enough you will know all his tricks.
Like it or not it is ks55 postings. Many counters don't give dividend or very little eg Hengyuan why they trade at RM 8?
Lion88 Why isn't Parkson management trying to save the falling share price? When the market improve or deteriorate, the share price continued to decline. There is no booster to the share price and yet they have the cash to invest in Wuxi. Are they neglecting their fellow investors? Are there any management or friends of the management that are in this forum? Please relay the urgency to keep the price of Parkson Shares alive. We have not received dividend for around 2 years and the valuation on my holdings have declined close to 5-10 folds since 5 years ago. 27/03/2018 11:35
中国业务转型‧百盛可返正轨 Author: Tan KW Publish date: Mon, 26 Mar 2018, 09:40 AM Close 大马业务方面,营业额增长4%至5亿零500万令吉,主要是新分店作出额外营收贡献。惟营运下的同店销售额却是负成长4%,主要是缺少去年同期的开斋节购物活动。 读者NSH问:
Hello. Can anyone explain the recent fall in PRA price? >10% decline in price from 62 cents to the current 55 cents in 5 days. Totally unbelievable when the retailers are trying hard to push up the price, someone at the other end is pushing it down hard.
Hello, how do you know retailers are trying hard to push up? May be they are the one that selling down.
Only God knows, unless you are him
Posted by Lion88 > Mar 29, 2018 04:48 PM | Report Abuse Hello. Can anyone explain the recent fall in PRA price? >10% decline in price from 62 cents to the current 55 cents in 5 days. Totally unbelievable when the retailers are trying hard to push up the price, someone at the other end is pushing it down hard.
This Parkson is a dying fish, the destination was set long time ago, only some still have faith over it, even though they might not believe why it was traded so cheap.
From Parkson China division (PRGL) - 31/12/2017 Final Results
MANAGEMENT DISCUSSION AND ANALYSIS
The Chinese economy recorded a steady Gross Domestic Product (“GDP”) growth rate of 6.9% in 2017, exceeding the national target of 6.5% and the previous year’s growth rate of 6.7%. A key driving force behind the economic growth was consumption evident by the retail sales growth of 10.2% year-on-year. New retail driving growth “New retail” which is represented by a trend to merge e-commerce and physical retail stores seamlessly has flourished in China. The evolution of “new retail” has called for more personalized consumer experience and physical retail stores’ presence. Tech giants has been investing actively in physical retail companies, including department stores and supermarket chains to expand their offline presence. While the emergence of “new retail” has brought a lot of challenges to the entire retail industry in China, we see ample opportunities and positive signs ahead of us. Physical stores are increasingly benefiting from nationwide shopping festivals like the “Singles’ Day” which originated online. At Parkson, we have boosted our online marketing campaign and thus captured the opportunities brought by these online shopping festivals. For example, on the Singles’ Day in 2017, we have recorded a GSP of RMB188.5 million, presenting growth of 48.1%.
As a retailer with over two decades of retail experience in the country, we possess in-depth and first-hand understanding of consumer demand and expectations. We appreciate that Chinese consumers are increasingly discerning and they are not only brand conscious, but also quality focused. The new generation of Chinese is also looking for quality lifestyle, healthier food and entertainment to enjoy a balanced life. With such consumer insights, we have rolled out a series of new retail formats to cater to their dynamic demand for the past few years. Our financial figures have shown initial success. SSS grew by 3.2% in Q4 of 2017, compared with 1.4% during the same period last year. SSS in 2017 grew by 1.3%, turning around from a decline of 6.7% in 2016. The increase was mainly attributable to the strong performance of our department stores’ direct sales and the successful roll out of new retail formats like the Qingdao Lion Mall.
OTHERS PARKSON HOLDINGS BERHAD A. PROPOSED DISPOSAL OF DTP SUBJECT EQUITY; AND B. PROPOSED COMPENSATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
PARKSON HOLDINGS BERHAD
Type Announcement Subject OTHERS Description PARKSON HOLDINGS BERHAD
A. PROPOSED DISPOSAL OF DTP SUBJECT EQUITY; AND B. PROPOSED COMPENSATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") We refer to the announcement made by the Company on 12 February 2018 in relation to the Proposals ("Announcement"). Unless otherwise stated, the defined terms used in this announcement shall carry the same meanings as defined in the Announcement.
The Board of Directors of the Company wishes to announce that Dashang had on 29 March 2018 informed Serbadagang that the Proposed Disposal of DTP Subject Equity had been completed on 26 March 2018 ("Completion").
Following the Completion, Dalian Tianhe Parkson ceased to be a subsidiary of the Company.
In consideration of Serbadagang transferring the DTP Subject Equity to Dashang at the Disposal Consideration, Hefei Parkson shall pay Rmb100 million (equivalent to approximately RM62.00 million) to Serbadagang on or before 30 April 2018 and Serbadagang shall further negotiate with Hefei Parkson on a possible additional compensation which is subject to Serbadagang and Hefei Parkson entering into a legally binding agreement on or before 30 June 2018.
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....
Parkson8888
237 posts
Posted by Parkson8888 > 2018-03-21 22:01 | Report Abuse
Parkson shareholders if you hate their posts just click report abuse each time they posts here.