PARKSON HOLDINGS BHD

KLSE (MYR): PARKSON (5657)

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Last Price

0.18

Today's Change

-0.005 (2.70%)

Day's Change

0.175 - 0.18

Trading Volume

53,900


15 people like this.

13,050 comment(s). Last comment by mf 5 hours ago

kennean

87 posts

Posted by kennean > 2018-12-03 15:27 | Report Abuse

Remimbi strong, parkson exchange gain. 28 Sep 18 closing was 6.87.
Now 6.895, break this level, financial result will turn green.

yucaihacai

355 posts

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

Sold 0.29. kosong 55, pls tomolo sell me 0.275 and below. You can do it.

ParksonOk

38 posts

Posted by ParksonOk > 2018-12-05 02:18 | Report Abuse

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
Amended Announcements
Please refer to the earlier announcement reference number: GA1-30112018-00049

PARKSON HOLDINGS BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description Dealings in Securities by a Principal Officer outside Closed Period
Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following principal officer of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.

Table 1
Name of Principal Officer Date of Dealings Consideration
per Share
(RM) Number of
Shares Bought % of Shares*
Tan Sri Cheng Yong Kim 27 November 2018 0.2798 106,000 0.01
28 November 2018 0.2850 211,000 0.02
29 November 2018 0.2850 382,000 0.04
30 November 2018 0.2886 301,000 0.03
* Based on the total number of issued shares of Parkson Holdings Berhad ("PHB") excluding a total of 26,721,880 ordinary shares in PHB bought back by PHB and retained as treasury shares as at 30 November 2018.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5993229

ParksonOk

38 posts

Posted by ParksonOk > 2018-12-05 02:20 | Report Abuse

Cheng Yong Kim bought 1 million shares. yucaihacai selling cheap?

ParksonOk

38 posts

Posted by ParksonOk > 2018-12-05 02:22 | Report Abuse

yucaihacai you fool is it? Why you kena kosong 55 tipu post?

Parkson

454 posts

Posted by Parkson > 2018-12-05 02:27 | Report Abuse

yucaihacai only post here. kosong 55 make you bankrupt by cutting lost?

Posted by parksonnewbie > 2018-12-05 03:20 | Report Abuse

I read PRA must be S$20 sen in 3 years not good news?

Posted by antipondan6 > 2018-12-05 03:30 | Report Abuse

Cheng Yong Kim(WC cousin) buying so that he can takeover as MD? He is younger and managed Lion Ind(as MD) better than WC?

Posted by commonsense > 2018-12-05 09:01 | Report Abuse

Parkson like any other retailers are facing stiff competition not only from other physical store retailers but also online platforms like Lazada, Alibaba, Shoppee to name a few.

The only bright spot of the company in 1Q19 was the Chinese venture which posted an EBIT profit of RM9.7 mil The company other ventures (Malaysia, Vietnam, Myanmar and Indonesia) posted a combine EBIT loss of -RM38.7mil .

I just don't see the company recording a profit in 2Q19 due to the still high losses of south east asia business ventures. Malaysia for example had managed to increase it's sales by 7% due to the tax holiday period but it still makes RM18.4mil losses. Inclusive of the quarterly net finance cost of RM15mil (after deducting interest income), expecting the company to turn profitable next quarter might be a very tall order.

Those that are invested in the company will need to put their hopes on higher profit growth from the China business. But i still think this will need time and a lot more stores opening for China to compensate the losses from other ventures. Actually it would make more sense to investors if management closes all the stores outside China.

If you decide to diversify your position outside of the retail industry due to current challenging environment (Padini and Bonia for example also delivered disappointing results last quarter), I would recommend you to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Parkson Holding can proof me wrong and deliver the profit growth that the investors are hoping for. Management need to start to deliver on their turnaround plan.

Good luck.

8888_

2,923 posts

Posted by 8888_ > 2018-12-05 10:09 | Report Abuse

Cheng Yong Kim(WC cousin) bought recently meaning bottom or turnaround is near?

8888_

2,923 posts

Posted by 8888_ > 2018-12-05 10:12 | Report Abuse

Even Parkson seller q at 29 sen very little. yucaihacai you sold at 29 sen managed to buy back 28.5 today? Don't hope lower. Cheng Yong Kim q will block you haha.

8888_

2,923 posts

Posted by 8888_ > 2018-12-05 12:00 | Report Abuse

PRGL even up 1 sen. Buy more 28.5 sen.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

joetay

3,737 posts

Posted by joetay > 2018-12-05 22:59 | Report Abuse

congratulation to parkson diehards.

pn17 coming soon.

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

Posted by Cheng_Yong_Kim > 2018-12-06 11:14 | Report Abuse

yucaihacai 28 sen you sell also? Pls sell more. Let my q all done.

Posted by antipondan6 > 2018-12-06 11:30 | Report Abuse

Many times I said Parkson shareholders pondans. Why report abuse ks55, joetay posts no balls? Not yet ask you attack their counters further.

yucaihacai

355 posts

Posted by yucaihacai > 2018-12-06 18:26 | Report Abuse

Sold 0.285-0.29 this morning. Bought back 0.275-0.28. kosong 55 and diehards joetay pls sell me more 0.275 and below. and welcome Cheng Yong Kim shark block all the price at 0.28-0.29. and it is better if push to 0.300 and above.

kennean

87 posts

Posted by kennean > 2018-12-07 09:18 | Report Abuse

ks, AMMB confirm KLCI index. Uptrend, now at your own risk to buy it,

Parkson18

167 posts

Posted by Parkson18 > 2018-12-10 11:27 | Report Abuse

Why ks55 posts he no balls to counter? PRGL,PRA is higher than ks55 post.

Parkson18

167 posts

Posted by Parkson18 > 2018-12-10 11:27 | Report Abuse

Add more 27-27.5 sen. yucaihacai selling is it?

AntiPondan

199 posts

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

Add more 27 sen. When yucaihacai sell low we must buy.

Posted by Cheng_Yong_Kim > 2018-12-10 14:41 | Report Abuse

Buy more from those selling. Lower price lower capital need haha.

KLCI King

3,220 posts

Posted by KLCI King > 2018-12-10 14:44 | Report Abuse

You are definitely right, ChengYK, then you will realise your capital invested in Parkson will be getting smaller & smaller, finally cry also no tear.

I saw many people said the same thing like what you said since the price was 4, those people finally had disappeared from i3, probably from stock market now.

Posted by Cheng_Yong_Kim > 2018-12-10 14:46 | Report Abuse

Only you said so. I never said Parkson was good buy when RM 4. You mean Icap TTB? We are different people haha.

KLCI King

3,220 posts

Posted by KLCI King > 2018-12-10 14:48 | Report Abuse

Don’t believe? Ask joetay, he has been reminding those people since the price was above 1 and until now, can’t see those people anymore.

Posted by parksonnewbie > 2018-12-10 14:51 | Report Abuse

So you think joetay god? Why his JCY below 20 sen now? Worse is JCY directors still dare not buy unlike Parkson Cheng Yong Kim.

ks55

4,221 posts

Posted by ks55 > 2018-12-10 15:07 | Report Abuse

Nobody tell you LICB going to write off 700m for wrongly invest in Parkson under pressure from WC meh?

Many dumb-dumb in LICB still day dreaming right now.

ks55

4,221 posts

Posted by ks55 > 2018-12-10 15:16 | Report Abuse

Wrongful gain by WC
Wrongful loss by LICB
The ingredients for cheating is well established

WC should go to jail like Jho Low.............

ks55

4,221 posts

Posted by ks55 > 2018-12-10 15:38 | Report Abuse

PRGL 50 cent

Posted by crash8593970308 > 2018-12-10 17:32 | Report Abuse

used to be rm 5.00 back in 2010 now 0.265 minority shareholders mati just like guh , geshen mlab tekseng , hhgruop, evergreen , all con man counter...............

i3lurker

14,380 posts

Posted by i3lurker > 2018-12-10 17:33 | Report Abuse

10 sen mari

freddiehero

16,722 posts

Posted by freddiehero > 2018-12-10 18:14 | Report Abuse

wow.. another 50% off

Alex™

12,594 posts

Posted by Alex™ > 2018-12-10 18:16 | Report Abuse

百盛大减价!

yucaihacai

355 posts

Posted by yucaihacai > 2018-12-10 18:56 | Report Abuse

Sold 0.270, bought back 0.265. Thanks Pondan for your donation today. Please sell me more tomolo at 0.26 and below

ks55

4,221 posts

Posted by ks55 > 2018-12-11 09:33 | Report Abuse

Both WC and TH holding hand in hand towards holland.........

farkson

54 posts

Posted by farkson > 2018-12-11 09:51 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:51 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:52 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:52 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:52 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:52 |

Post removed.Why?

farkson

54 posts

Posted by farkson > 2018-12-11 09:57 |

Post removed.Why?

joetay2

474 posts

Posted by joetay2 > 2018-12-11 10:04 | Report Abuse

but yucaihacai, u been buying since 90sens and been holding.

with ur volume, u must be within the top 30 by now.

so how much have u lost in parkson????

lol..........

Posted by yucaihacai > Dec 6, 2018 06:26 PM | Report Abuse

Sold 0.285-0.29 this morning. Bought back 0.275-0.28. kosong 55 and diehards joetay pls sell me more 0.275 and below. and welcome Cheng Yong Kim shark block all the price at 0.28-0.29. and it is better if push to 0.300 and above.

joetay2

474 posts

Posted by joetay2 > 2018-12-11 10:09 |

Post removed.Why?

joetay7

177 posts

Posted by joetay7 > 2018-12-11 15:08 | Report Abuse

why u so scared until must report my post as abuse, parksonnewbie????

i call for sell on jcy when it was more than 50sens, why u so scared of the truth????

lol........

Posted by parksonnewbie > Dec 10, 2018 02:51 PM | Report Abuse

So you think joetay god? Why his JCY below 20 sen now? Worse is JCY directors still dare not buy unlike Parkson Cheng Yong Kim.

yucaihacai

355 posts

Posted by yucaihacai > 2018-12-11 19:06 | Report Abuse

Sold 0.275. Thanks parkson18 for your donation today. Ready to bought back 0.265 and below for tomolo

joetay2

474 posts

Posted by joetay2 > 2018-12-11 20:31 | Report Abuse

but yucaihacai, how abt the high priced parkson shares u bot at 90sens and keep on buying until 45sens????

so how u can make money unless u dominate all the trading for the past few days.

really think we dont know maths, is it????

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

Posted by yucaihacai > Dec 11, 2018 07:06 PM | Report Abuse

Sold 0.275. Thanks parkson18 for your donation today. Ready to bought back 0.265 and below for tomolo

Parkson18

167 posts

Posted by Parkson18 > 2018-12-12 05:08 | Report Abuse

MoF SPV to take over RM19.9b of Tabung Haji's underperforming assets
https://www.theedgemarkets.com/article/mof-spv-take-over-rm199b-tabung-hajis-underperforming-assets

kelvin61

826 posts

Posted by kelvin61 > 2018-12-12 07:18 | Report Abuse

If I'm WC, I will take Parkson private. This is a great opportunity at this highly oversold price relative to it's assets, brand and positive operating cash flow. The prices in Malaysia and HK is way below it's asset value. Relist it later after restructuring, cheers.

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