Posted by angelinaloke > 2014-06-12 16:41 | Report Abuse

volume subdue,average up today..

Posted by zuolun > 2014-06-12 16:52 | Report Abuse

ks55, I believe TA is one of the best tools to effectively measure the level of emotions if it is used correctly.

Posted by zuolun > 2014-06-12 16:58 | Report Abuse

Traders emotions of following a chart. .http://i1127.photobucket.com/albums/l630/zuolun/Tradersemotionsoffollowingachart_zps099d6496.jpg

Posted by zuolun > 2014-06-12 17:08 | Report Abuse

ks55, How Lucky Are You? http://microcapclub.com/2014/05/how-lucky-are-you/

http://i1127.photobucket.com/albums/l630/zuolun/VNDA11Jun2014_zpsaf5973a2.png

Posted by Pak Lah > 2014-06-12 23:00 | Report Abuse

No choice, I heard the director is in the verge of receiving margin call. Of course, the management is pressured to step up the buying in order to save this director.

Posted by beso > 2014-06-12 23:01 | Report Abuse

zuo, thanks for sharing
good luck to those bought today

Posted by zuolun > 2014-06-13 09:23 | Report Abuse

Grim reality sets in for Hong Kong retailers

http://www.chinadaily.com.cn/business/2014-06/11/content_17577381.htm

Posted by angelinaloke > 2014-06-13 10:09 | Report Abuse

Zuo, sound like you are so good in TA, can share your view of the TA for Parkson now ?

Posted by AdCool > 2014-06-13 11:52 | Report Abuse

Share buy back is a better option than to sit on a pile of cash and don't know what to do with it. The question here should be who is depressing the price and for what purpose?

Posted by AdCool > 2014-06-13 13:12 | Report Abuse

ks55, my earlier post on shares buy back in early June:

Parkson is buying back its shares again. From 16 May - 29 May, a total of 10523000 shares were bought back for a total purchase of 28.2 million.

If they only have RM20 million for disposal, I wonder where they get the money to keep buying shares for the past few months. ks55, did you notice anything which I didn't?

Posted by zuolun > 2014-06-13 14:57 | Report Abuse

angelinaloke, If you've vested interest in PHB, pls don't feel offended with my view(s), it's just my personal opinion based on TA. Short-term wise (2 to 3 months timeframe) if price hits RM 2.07 expect a strong dead cat bounce to RM 2.60 - RM 2.65, long-term wise (4 to 6 qtrs) TP of RM1.00 to RM 1.15 is not impossible, i.e. PHB may retest its record low in 2006 or down 90% from its peak at RM 9.90, the same direction as in PRG.3368HK.

http://finance.yahoo.com/q?s=3368.HK

http://i1127.photobucket.com/albums/l630/zuolun/PRG3368HKyear2006to13Jun2014_zps2c55410a.png

Posted by hng33 > 2014-06-13 15:02 | Report Abuse

Heavy selling pressure have ease off, Parkson share due for technical rebound

Posted by HowIn > 2014-06-13 15:11 | Report Abuse

I think parkson nw start rebound.. big volume buy appear

Posted by angelinaloke > 2014-06-13 15:16 | Report Abuse

finally.. can go back to 3.20 within 3wks time ??

Posted by hng33 > 2014-06-13 15:22 | Report Abuse

Parkson have RM 2.83 billion cash and RM 1.69 billion borrowing, translating to net cash RM 1.14 billion or net cash RM 1.00/share

Posted by kct153 > 2014-06-13 15:22 | Report Abuse

bingo!!

Posted by hng33 > 2014-06-13 15:58 | Report Abuse

Parkson list its 2 subsidiary PRG and PRA through IPO. The IPO involve selling Parkson exiting stake, diluted it stake to 51% and enlarge to issue new share, raise capital for PRG and PRA. Therefore, capital raise from IPO will partially channel to Parkson itself, and another partial capital raise for PRG and PRA as working capital.

Posted by superman123 > 2014-06-13 16:01 | Report Abuse

Buy. Buy. Buy

Posted by AdCool > 2014-06-13 17:17 | Report Abuse

dead cat bounce as shared by zuolun?

Posted by Johann5354 > 2014-06-13 17:26 | Report Abuse

公司一直购买回自己的股票的目的是不是要稳定股价？以免一直继续掉下去？

Posted by angelinaloke > 2014-06-13 17:59 | Report Abuse

volume is ease, i think temporary bottom is found at the moment..

Posted by zuolun > 2014-06-13 18:47 | Report Abuse

AdCool, Yes, today is a dead cat bounce. The total volume done at 2.3m shares with price up 7c or 2.97% are likely short-covering. Once the short-sellers cover their shorts positions, the selling pressure will resume.

Posted by zuolun > 2014-06-13 19:07 | Report Abuse

A chart comparison of 3 retail stocks listed in HK indicates that PRG 3368HK, Golden Eagle Retail (3308HK) and Intime Department Store.(1833HK) are in strong downtrend, all in -ve territory trading below zero.

http://i1127.photobucket.com/albums/l630/zuolun/1Parkson2GoldenEagle3ntime_zps3c847358.png

Posted by jolie2 > 2014-06-13 22:24 | Report Abuse

this parkson is wasting their time and cash continue support the share price and artificially push up in the last minutes.
They should spend more time on promoting their brand and bulld the confidence.
I don;t really see them do some advertisement promoting their brand. They should spend more on adex instead of buying back share. Wrong choice they make.

Posted by sunztzhe > 2014-06-13 23:15 | Report Abuse

Just change biz strategy and focus to be BIG Mall owner and Manager in major market centers/countries that has purchasing power rather than be operator of departmental stores. Rope in more premium brand concessionaires and upscale online biz. Target aggressive expansion in INDONESIA.As resources is limited, focus expansion in markets with good purchasing power. Concessionaires co sharing with Parkson on strategic vision is another factor that must be ironed out fast.

Posted by zuolun > 2014-06-14 11:22 | Report Abuse

sunztzhe, The new asset-heavy biz strategy is capital-intensive, if it works, the share price will shoot to heaven, else it'll come down crashing into the earth..

1Q weakness likely to have persisted into 2Q. JP Morgan UnderWeight PRG (3368HK); TP HK$1.60 as at 15 May 2014.

http://pg.jrj.com.cn/acc/Res/HK_RES/STOCK/2014/5/15/ba75d77e-486a-4445-8bb8-b117c05df919.pdf

Posted by sunztzhe > 2014-06-14 11:36 | Report Abuse

zuolon, The biz model is very simple really. Imagine you own a BIG open air hawker shop, use 70% bank loan to buy BIG open air coffee shop, and u rope in the famous hawkers to sell their chap fun, mee yoke, curry & assam laksa, char kway teow, nasi lemak, mee mamak etc.

U as landlord just manage the property and make it hygienically clean at all times and work with the hawkers on special promotions on a periodic basis to draw in more customers. Will more and more customers come in to eat? Of course if place has plentiful carparks, very clean and food very good tasting and reasonable price.

Will u make money as landlord? of course mah , your job is to collect rentals every month and make sure the hawkers provide clean quality food at reasonable price. Sure you can pay back the bank loans mah?

Now Parkson is operating as hawker. Why cant Parkson became Mall OWNER & MANAGER ? Got to think out of Box mah?

Posted by benson911 > 2014-06-14 11:48 | Report Abuse

Wake up la Parkson, solve the ultimate problem, not just waste money supporting the price. Look like share price is more important for Parkson mayb bcz they dont know what is the best way to maximize earning alr....

Posted by optimusx8888 > 2014-06-14 11:54 | Report Abuse

parkson will be the next metro jaya. bcome a mickey mouse brand.

all investor go holland.

the biz model no longer works. now new gen buy from internet and get the cheapest deal and latest model. parkson sell u junk china ppls dont want.

what do u expect? look at how william cheng look and u know what kind of quality u getting from either parkson shop or stock.

and all his other companies is failing and dead. stay away from william cheng company. when he is desperate he will slaughter all investors.

Posted by jolie2 > 2014-06-14 14:55 | Report Abuse

i heard in the market that the many of the employee in the steel factory is resigning . No future or no hope to work there anymore. There would have many operation problem in their steel factory due to mass resigning. Therefore better don't buy any steel from their factory. Quality and reliability issue. Your building or house may get bengkok anytime.

Come back to parkson, i noticed that the stuff they sell is quite outdated. Maybe outdated or expired stock from china sell to 3rd world country like us bcos we have too many bangla and nepal in this country.

Posted by zuolun > 2014-06-15 11:39 | Report Abuse

sunztzhe, The new biz model is not performing up to expectation. Chartwise, the long-term downside movement of all the 3 stocks PHB 5657, PRG 3368HK and PRA 09E indicate extremely strong selling pressure. The primary focus now should be on PRG 3368HK as PHB's 80% profit is derived from it.

百盛旗舰店陷发展僵局:撤柜区域长期空档 转型无门 - 10 Jun 2014
http://news.xinhuanet.com/fortune/2014-06/10/c_126598865.htm

百盛商业遭遇空前困局 - 31 May 2014
http://finance.ifeng.com/a/20140531/12454658_0.shtml

Posted by sunztzhe > 2014-06-15 12:01 | Report Abuse

Jolie2,
Steel industry by its nature is very capital intensive but margins are thin and players lack pricing power. The companies that make the money are the sellers of iron ore.

Posted by rlch > 2014-06-15 12:07 | Report Abuse

If a company is not cash rich like Parkson they will not able to carry out shares buyback almost every market day. Who talk bad about Parkson are you the one who sold at RM2.30's thinking it will drop to RM2? No wonder some people repeatedly like to buy high and sell low. I am comfortable buying a stock where I need to spend some money every year buying product they sell as long as their price is near 52week low. If Parkson has bought back shares at above RM3 there is no reason why they cannot buyback more shares at 20% cheaper unless they run out of cash.

Posted by ganasai > 2014-06-15 13:25 | Report Abuse

oversold until no more share to sell. this is the time to collect. But better collect around 2.... haha

Posted by jolie2 > 2014-06-15 13:45 | Report Abuse

i already told everybody. If you buy this share , you can PARK for your SON generation. That;s why their name is PARK-SON.

So, those who have not buy , don;t buy yet
Those who have not sell, sell now.

Posted by superman123 > 2014-06-15 21:16 | Report Abuse

Who sell now sozai........... Buy buy."......buy

Posted by fortunebullz > 2014-06-15 21:45 | Report Abuse

With such a low entry price, only dumbies will miss the chance not to buy Parkson! 2.3- to 3.30 within reach! rm1 profit margin!

Posted by sunztzhe > 2014-06-15 22:27 | Report Abuse

Counter was grossly oversold loh! A Rebound is due loh!!

Posted by tshwong > 2014-06-15 23:27 | Report Abuse

There are a lot of dreamers, jokers or drunkers in the market. When a share take a dive, they'll think of 1 or 50 cents, some even dream of getting it for free, without looking at its intrincsic value, of course i believe they really don't know any of it. They just want to create some fear factor and capitalize on dumb and dumber in the market. If you don't panic to sell it down, they certainly got nothing to lose because they didn't hold a single share of it, they still can hanging their pair of balls. Some even boost like Warrent Junior, an evil punter indeed. Like i said before, buy at 2.2-2.4. If drop, continue to buy. When it shoots up, we can laugh all the way to the bank.

Posted by chang0509 > 2014-06-15 23:39 | Report Abuse

http://news.hexun.com/2014-06-12/165643432.html

Posted by BILLSIAH > 2014-06-16 01:16 | Report Abuse

Buy.

Posted by chelvis7 > 2014-06-16 11:16 | Report Abuse

can buy to keep for long term

Posted by ganasai > 2014-06-16 15:26 | Report Abuse

can buy to bet it salt fish alive. but long term.

Posted by saufi74 > 2014-06-16 17:05 | Report Abuse

I bought parkson from 2.44 until 2.31..keep for while..see how the games go..

Posted by hng33 > 2014-06-16 17:17 | Report Abuse

Sold off all Parkson at 2.46 today, realize all paper profit

Posted by mikashearer > 2014-06-16 20:29 | Report Abuse

TP3.75

Posted by Steven Yong > 2014-06-16 21:26 | Report Abuse

Just buy and keep, so near nta

Posted by superman123 > 2014-06-16 21:58 | Report Abuse

Buy buy.buy tomorow up.up.up rm2.6

Posted by lceng > 2014-06-16 22:03 | Report Abuse

u-turn is coming...

Posted by chelvis7 > 2014-06-17 12:29 | Report Abuse

buying