Parkson gradually phasing out its old Parkson outlook to Parkson Elite. Looks cool mda family friendly. Sales and marketing department needs to be more aggressive. Hopefully local brand will survive.
most of china's assets were bought before year 2004 and not revalued. parkson's nta is easily worth more than rm3 if revalued.the debt is minor compared to the huge assets.
thriving demand from the Chinese market for luxury skincare products bolstered the revenues of major cosmetics makers - including L'Oreal, Estee Lauder and Shiseido
Estée Lauder Sales Rise as Chinese Consumers Spend Big on Beauty
The New York-based company said sales in the Asia-Pacific market, led by China and Hong Kong, rose 20% from a year earlier to about $1 billion, offsetting weaker demand in North America. Estée Lauder Chief Executive Fabrizio Freda said the quarter’s strength indicated that broader concerns in China about its economy haven’t hurt consumer spending on higher-quality beauty products.
Prestige beauty has historically been less sensitive to economic downturns because it is a more-affordable luxury category and is driven by repeat purchases. Mr. Freda also noted that uniquely in China younger consumers are spending more than their parents on these products, and that as well helps guard the category against geopolitical and economic concerns.
Parkson minority shareholder like us can only hope that the decade long decline will take a breather and move up a bit. Parkson Elite + Parkson Beauty = Elite Beauty :)
Why need them if Parkson cannot up when them was around?
Posted by james88 > Feb 22, 2019 07:43 PM | Report Abuse Late QR means very bad results. CEO PRA, CEO PRGL, CFO PRA & CFO PRGL all left wiithin last 2 months. Continue to buy and keep Parkson shares at your own big risk.
Parkson should set up parkson credit to issue credit card like aeon.... lend money via credit card to fund purchases at parkson plus set up groceries department likes aeon... economy is good or bad, credit cardholders use credit to buy foods, etc. parkson should establish such things
net assets per share is about Rm1.98... at 23.5sen now... it is just slightly more than 10% of its net assets per share... if parkson wanted to close shop, it could be sold to aeon like carrefour malaysia :)
MOF might help tabung haji to recover its investment in parkson, help, etc to grant license to parkson to issue credit card like aeon credit.... keep some.... small % of your portfolio, at current price, it is about 10% of the net assets per share haha worst scenario , sell everything to aeon or others like carrefour malaysia
good, better late than never.... started with groceries dept already
Foodpark Supermarket by Parkson, a new 22,000 square feet modern concept supermarket and food hall is located inside Parkson M Square Mall, Puchong Perdana. This new supermarket aims to serve the needs of the community of Puchong and those surrounding it by offering both international products from Korea, Japan, New Zealand, Australia, America and more as well as local goods.
Foodpark Supermarket by Parkson combines grocery shopping and dining, inspired by ideas from successful stores overseas. With 7 food bars and 1 drink bar for shoppers and diners to sample delicious meals, tasty snacks, refreshing drinks and yummy desserts, it will be one complete, fulfilling shopping experience.
replicate and introduce it to other parkson venues ... this foodpark
Foodpark Supermarket by Parkson, a new 22,000 square feet modern concept supermarket and food hall is located inside Parkson M Square Mall, Puchong Perdana. This new supermarket aims to serve the needs of the community of Puchong and those surrounding it by offering both international products from Korea, Japan, New Zealand, Australia, America and more as well as local goods.
Foodpark Supermarket by Parkson combines grocery shopping and dining, inspired by ideas from successful stores overseas. With 7 food bars and 1 drink bar for shoppers and diners to sample delicious meals, tasty snacks, refreshing drinks and yummy desserts, it will be one complete, fulfilling shopping experience.
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....
cutie
1,690 posts
Posted by cutie > 2019-02-13 10:47 | Report Abuse
dont know what is going on with this stupid share. one up and one down