2018 is year for Parkson. Investors should not be afraid of the fall in price previously. Its been purely sentiment. The business has been and is improving and remains a cash business according to their reports. As i mentioned, RM54.75mil operating profit this quarter.
The Board of Directors of the Company wishes to announce that the Group had on 29 May 2018, received Rmb90 million (equivalent to approximately RM55.8 million) in respect of the Initial Compensation of Rmb100 million (equivalent to approximately RM62 million) and the balance Rmb10 million (equivalent to approximately RM6.2 million) is being withheld pending tax clearance.
Why not buy? Share price 4X lower than NTA China business transformation aldy turn the business profitable GST abolish gonna push back local sales Dont forget the company got strong cash flow and low debt
Investors happy collecting & making money on small price changes. Set the giant free. Let the price increase. Time to surpass Public Bank OLD Target Price RM0.75.
Already said keep buying Parkson when 40sen Sure untung easy money Like lionin also buy low sell high No need buy like mrcb prtoco If you want other easy money like parkson and lion Just buy wct and ytl and supermax Comfirm limit up
Do check out page 7 of Parkson's QR. They are making a loss in all markets except China. China generated a profit of RM87.2 mil on the back of RM2.046 bil revenue. Malaysia, Vietnam, Myanmar and Indonesia are all making losses.
Ksjl pls kindly check on the number of stores per country as well, Vietnam/Myanmar just a few stores.. Main contribution stil from China, which aldy turn around making profit.
The next coming should be profit from Malaysia, continue boosting up revenue and profit further.. Nevertheless, mgm should consider to make some changes in strategy for msia maarket
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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....
Fabien Extraordinaire
2,012 posts
Posted by Fabien Extraordinaire > 2018-05-26 14:30 |
Post removed.Why?