Maybe when Anwar PM he allow Parkson takeover Tesco at RM 1? Parkson will merge with Tesco? Overseas retailers(incl Tesco?) 1 by 1 close not locals. Eg in past is Hankyu Jaya, Carrefour, etc.
Ecoworld forumers said judge ks55 on buy Ecoworld at 45 sen comments how abt ks55 comments here how to judge? I need reply since I am newbie. Even ks55 condemned me.
Parkson being sedut their lui by Lion group loor.... need new shareholder to know where's the expenses go...with $1bil+ revenue every qtr this parkson...
A closer looks: Positive: looks like abundant cash. High NTA hopefully not like london biscuits which turned into negative just in one quarter.
Negative: Faded business potential as retail market landscape changed totally but management and bod is too slow in response. HK business (HK parkson used to be above HK80, now less than 0.70) is expected to hit badly by non stop riots and significant weakening economy arising from the riots. Ability to raise MYR 2.1 b in HK is not a good news. Spore parkson is already under the watch list due to 3 years consecutive losses. Business in other countries most likely with poor if not poorer results. Management and bod incompetent to deliver under the current environment. As in Selangor, already highlighted as above.
Nonetheless, price is low for trading opportunities.
parkson only have bad news , no good news.REALLY NEED A CHANGE OVER MANAGEMENT. William Cheng and family members should not in management. let professional run the show
company re strategy all the retailing in malaysia, focusing on profitable location, close down losing profit one, BUT should add more feature like online shopping/ Rebrading Parkson as high class mall.
London bis NTA used to be above $1, only a quarter turn into negative. As for this, cash seems to be alright but prospect remains dim whether got virus or without. Chief is too old in short.
coming soon to close 4 more stores. evo bangi, terminal 1 seremban, holiday plaza jb and maybe nu sentral due to negotiation of rental. maybe still will be loosing money for the next few quarters BUT i started buying to keep. with all the loosing money strores closed maybe can turn around.
I doubt on right of use assets ? It suddenly state at B/S as assets for RM 3178 Mil (Dec 19). Why didn't adjust the NTA ? This is will charges off as deprecition every quarter as much as RM 115 Mil due to SFRS(1) 16 lease impact. How do profit for this business ? But, it can reduce tax pay and improve cash flow in long term. It never show profit in their accounts. Is this counter consider good (with valuable property and cash) but loss in accounts) ?
No matter what happens. I don’t think Parkson will go bust. In Malaysia there are only 2 main departments stores. Parkson and Aeon. They operate in big city. If Parkson is in trouble, definitely ther will be some group taking over.
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....
Leesk
340 posts
Posted by Leesk > 2019-12-10 14:10 | Report Abuse
Parkson don't have monies to buy Tesco