PARKSON HOLDINGS BHD

KLSE (MYR): PARKSON (5657)

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Last Price

0.18

Today's Change

0.00 (0.00%)

Day's Change

0.175 - 0.18

Trading Volume

231,800


15 people like this.

13,050 comment(s). Last comment by I_like_dividend 1 day ago

SexC

350 posts

Posted by SexC > 2014-02-24 17:07 | Report Abuse

2.80 o... wah

Chung

583 posts

Posted by Chung > 2014-02-24 17:57 | Report Abuse

wow 5000+ lots sapu by 4:50pm...... does it mean tomorrow financial report look good ?

chang0509

167 posts

Posted by chang0509 > 2014-02-25 00:12 | Report Abuse

Future will be good.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-02-25 00:25 | Report Abuse

Calvin, you think RM5 really possible meh longterm for MUIIND, until I see Debts paired down,,,, interest rate will move up very soon, MUIIND has to paired down the 1bil debts fast, if not it is killing the cashflow.

But I still has confident in MUIIND

ganasai

1,671 posts

Posted by ganasai > 2014-02-25 05:50 | Report Abuse

When below 3, is good for accumulation. Just close your eye and come back after 2 - 3 years.

SexC

350 posts

Posted by SexC > 2014-02-25 09:39 | Report Abuse

But Parkson result is ganasai o..

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-02-25 10:47 | Report Abuse

Steven Yong,

The Management of MUI Group must pare down debt first. All profits from other operations are eaten up by high interest. It will take some time before value emerge.

Is Spore GIC or TTB supporting Parkson near closing?. If so buy Parkson on weakness and sell back to them (Accumulating Fund) on strength. However, this is tricky.

smalltimer

1,501 posts

Posted by smalltimer > 2014-02-25 10:59 | Report Abuse

The Management of MUI Group have been in/out and around about with PN17 of the group. Just rotating the assets, selling each at higher price. The money goes to shareholders pocket as cash payout.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-02-25 12:27 | Report Abuse

But how can MUI Group pare down such huge debts if not by selling assets? If sells assets, it will affect future cashflow as well....unless they sell those lands bought many years ago, and hope can reduce the debts slowly...

文耀

512 posts

Posted by 文耀 > 2014-02-25 15:31 | Report Abuse

big player want to rls their share..disappoint of this counter even company buy back at times....

rlch

4,142 posts

Posted by rlch > 2014-02-25 20:44 | Report Abuse

Will selldown happen tomorrow?

chang0509

167 posts

Posted by chang0509 > 2014-02-25 22:37 | Report Abuse

Probably no. The result as expected. Share price has bottom up.

SexC

350 posts

Posted by SexC > 2014-02-26 08:45 | Report Abuse

Result ganasai.. All analyst waiting to down grade Parkson

SexC

350 posts

Posted by SexC > 2014-02-26 08:47 | Report Abuse

n MUI too.. oh sory.. nobody cover MUI one.. sori huh

lepeng85

256 posts

Posted by lepeng85 > 2014-02-26 12:10 | Report Abuse

poor result, but just down a bit only?

Leesk

340 posts

Posted by Leesk > 2014-02-26 12:43 | Report Abuse

Poor result price in as parkson share price has dropped quite significantly since the last result announcement. The concern here is when is the turning point or still continue down hill.?Anybody has some answer

Posted by TonsilBasher > 2014-02-26 12:46 | Report Abuse

its already almost bottom already. haha...

Leesk

340 posts

Posted by Leesk > 2014-02-26 13:09 | Report Abuse

I just look the the company financial. the shares is currently traded closed to Net asset RM 2.68. It has cash & cash equivalaent of RM 3.4 billion. Should use the money to buy more of the treasury shares to support the comapny shares. why keep the cash earning low interest rate.

jonatlau79

419 posts

Posted by jonatlau79 > 2014-02-26 13:16 | Report Abuse

PARKSON Earning Pending On Parkson China 3368.HK , recently Hong Kong Rental, Salary, Lower Operating Margin Hit PARKSON China, so, it need "some" time to recover...TP unchange RM2.40 (Give 28 Cents Discount Premium to its Nett Asset)...Just my opinion, dun blame me ya...

Leesk

340 posts

Posted by Leesk > 2014-02-26 14:16 | Report Abuse

Just notice the cash of RM 3.4 billion is more that the market value of the company. the share capital is only 1 billion at the current prce is only RM 2.8 billion. the cash can buy the whole parkson.Off cause have borrowings. How to value this company?

SexC

350 posts

Posted by SexC > 2014-02-26 14:25 | Report Abuse

tis is one way.... Maintain Fully Valued with RM2.25 TP.


Parkson Holdings Bhd; FULLY VALUED; RM2.81
Price target: RM2.25 (Prev RM3.00); PKS:MK
Persistent losses at PRG

2QFY14 net profit missed our and consensus’ expectations. Earnings were dragged by weak China operation, while Malaysia and Singapore markets were flat. Cut FY14-15 EPS by 28-31%. Maintain Fully Valued with RM2.25 TP.

SexC

350 posts

Posted by SexC > 2014-02-26 17:22 | Report Abuse

o... no buy back today??

think always buy back pun beh tahan.. result ganasai

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-02-27 02:06 | Report Abuse

No buy back? Go and Buy JAKS! The Most Powerful Water Stock in Play Now!

rlch

4,142 posts

Posted by rlch > 2014-02-27 06:02 | Report Abuse

If YTL Power can distribute 1 for 20 treasury share now Parkson can give 1 for 25 treasury share if they want to. However Parkson can still buy back every day as their buyback is not reaching 10% unlike YTL Power. Can Parkson ever reach RM2.25 TP by AMMB? Only time will tell.

Leesk

340 posts

Posted by Leesk > 2014-02-27 11:31 | Report Abuse

If the management did not back up and profit keep droping, it will reach there. i hope it will turnaround and also start to distribute dividend and don't keep so much cash. somebody should raised this in the AGM.

SexC

350 posts

Posted by SexC > 2014-02-27 17:35 | Report Abuse

buy back prices getting lower n lower..

always buy back pun beh tahan.. result ganasai.. lots of selling

SexC

350 posts

Posted by SexC > 2014-02-27 17:40 | Report Abuse

tis one lying to people wa la.. jaks also never go up anymore..


calvintaneng No buy back? Go and Buy JAKS! The Most Powerful Water Stock in Play Now!

27/02/2014 02:06

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-02-28 15:48 | Report Abuse

Wait lah. Only one month you will know if JAKS got any contracts. If so JAKS Price Sure JAcK Up!

hng33

20,497 posts

Posted by hng33 > 2014-03-04 15:43 | Report Abuse

Parkson subsidiary, Parkson retail listed in HK rebound strongly today.

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-03-05 10:09 | Report Abuse

Yes. While the retail holders are selling. S'pore GIC continue to provide support. And Parkson own share buy back has weakened to just RM2.73 to RM2.74.

This is a clear opportunity to buy low (if it should suddenly dip a lot) and then sell back to Parkson on share buy back. Interesting game here. But only danger is if Parkson don't buy upward - then you are caught!

I think there are better supported shares that will go up on its own merit. As I said Jaks will be in play if Water Project is Awarded Soon.

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-03-06 18:57 | Report Abuse

WOW! So Good! Whole Day .Traded at RM2.71. Last Minute Share Buy Back Pushed Up All The Way To RM2.79. If You Park At RM2.71 or RM2.72 to buy earlier in the day. Then At The Closing Park Higher at RM2.78 to RM2.79 You Will Sell Back To Company. The Company Is Like A Father Taking Care of His Son.

No Wonder The Name Is Call "PARK SON"

calvintaneng

56,579 posts

Posted by calvintaneng > 2014-03-06 19:00 | Report Abuse

Fantastic 2,100,000 Shares All Buy Back at RM2.79! Check it out!

benson911

639 posts

Posted by benson911 > 2014-03-07 20:47 | Report Abuse

Almost everyday share buy back....dont knw until when...

Leesk

340 posts

Posted by Leesk > 2014-03-11 17:54 | Report Abuse

when parkson share start to move up, then the share buy back will stop. the big question is when?

saufi74

804 posts

Posted by saufi74 > 2014-03-12 12:33 | Report Abuse

Wow..getting lower and lower..

Leesk

340 posts

Posted by Leesk > 2014-03-12 12:44 | Report Abuse

even GIC is selling. i think the only buyer is Parkson on buyback. Any faith in this share as there seem to be no other buyer.

hng33

20,497 posts

Posted by hng33 > 2014-03-14 10:33 | Report Abuse

Bought Parkson at 2.68.

The current main seller i think should be Kumpulan Wang Persaraan, whom already ease as major shareholder on 6 Jan with stake below 5% (4.859%). Assuming, KWP continue selloff their remaining stake, and assuming most of the selldown share pick up by share buyback, its residue stake could be now merely less than 1.5% after take inot account increase share buyback treasury stock increase from 2.65% to current 5.94%

BBB79

2,689 posts

Posted by BBB79 > 2014-03-14 12:01 | Report Abuse

hng33, you move too fast, can't catch you. Why you choose parkson and not star?

metroview

250 posts

Posted by metroview > 2014-03-14 17:14 | Report Abuse

Good buy at 2.68

Vin Cullen

1,547 posts

Posted by Vin Cullen > 2014-03-15 10:56 | Report Abuse

Strong support at RM2.70 ~ with par value RM1.00 ~
Will Hit RM3.00 soon..watch out !!
STAR <--miss out ady...
PARKSON <--another shinning star

Vin Cullen

1,547 posts

Posted by Vin Cullen > 2014-03-17 14:59 | Report Abuse

Coming !!!!! :D

hng33

20,497 posts

Posted by hng33 > 2014-03-17 15:17 | Report Abuse

Parkson is in the midst of recovery, immediate resistance level at 2.85

Leesk

340 posts

Posted by Leesk > 2014-03-18 18:06 | Report Abuse

always push up at the end of the day trading and down in the morning.

chelvis7

24 posts

Posted by chelvis7 > 2014-03-19 10:08 | Report Abuse

im buying

eu7985

1,086 posts

Posted by eu7985 > 2014-03-24 17:54 | Report Abuse

Cut loss, sell at 2.79, no eye see

rlch

4,142 posts

Posted by rlch > 2014-03-27 21:23 | Report Abuse

3 for 50 share dividend ex-date 9/4/14.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1577789

angkor

451 posts

Posted by angkor > 2014-03-27 21:44 | Report Abuse

finally dividend coming...

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