Posted by Penang_lang > 2020-10-10 03:57 | Report Abuse

Anwar if PM 9 can ask govn to give Rakyat free RM 50-100 Parkson voucher in 2021 Budget.

Posted by Pen6 > 2020-10-10 11:34 | Report Abuse

aytc interested how it can shoot to 50c?


Parkson glove tak jadi nail then PARKSON SOCK in-action.....PARKSON 5 6 5 7......炮 声 有 力 有 气。RM2.50...RM2.50...RM2.50...RM2.50...RM2.50.Ha Ha Ha Ha Ha Ha Ha Ha Ha

Posted by kelvin61 > 2020-10-11 12:09 | Report Abuse

Will WC perform share buyback or launch a takeover for the remaining shares not owned by him to dispel his inaction to protect minority interests in the value of Parkson? Is he maneuvering a merger of Parkson's business units seen as benefiting PHB more than PRGL? Note that the price of PRGL had been sliding unabated to 20 sen now. Whatever the intentions, it must be a message to send to the business fraternity that Parkson is grossly undervalued and action is being taken to address this, cheers.

Posted by i3lurker > 2020-10-11 12:12 | Report Abuse

nothing will happen coz if move a little bit need to pay few million RM advisory fees to IB

wun go private because he just might need more money from public.
again go private must pay few million RM
he not so stupid.
do nothing no one gets paid anything

Posted by revo32 > 2020-10-11 21:59 | Report Abuse

Nothing to worried, TA just shows good sign.. CS still on top of MA.. Ongoing to uptrend... Time to buy...

Posted by brandogt > 2020-10-12 08:57 | Report Abuse

Hoot 9 E!

Posted by TanHuatHeng > 2020-10-12 09:32 | Report Abuse

sold .16

Posted by speakup > 2020-10-12 11:30 | Report Abuse

https://themalaysianreserve.com/2020/10/12/over-50000-retailers-to-close-by-early-next-year/

Posted by speakup > 2020-10-12 11:30 | Report Abuse

that's why parkson moving into gloves
to survive!

Posted by kelvin61 > 2020-10-12 18:41 | Report Abuse

Another takeover announced today. Two directors of Lotus KFM is buying out MESB. So, what is Parkson waiting for? This is a golden opportunity for the major shareholder to take the Company private. This can be a Win Win situation for both minorities and the major shareholder if the offer price for the remaining outstanding shares is at a fair price. It will cost only a fraction of the real value of Parkson, cheers

Posted by Warren_Buffett88 > 2020-10-12 20:00 | Report Abuse

https://www.sinchew.com.my/content/content_2358289.html

Posted by Pen6 > 2020-10-13 10:43 | Report Abuse

That is right! But Old folk William got no power to stand up!
How to help? May be keep shouting 威力 锺 5 6 5 7 威力 锺 有力有气 Can this effective ?

Posted by Ubah_ > 2020-10-13 12:07 | Report Abuse

If new PM is Anwar can goreng up?

Posted by ProsperousRealm > 2020-10-13 12:19 | Report Abuse

Yep possibly

If you go kiss his arse a few times first

Posted by Ubah_ > 2020-10-13 12:21 | Report Abuse

WC not Anwar supporter?

Posted by Hidup_Anwar > 2020-10-14 15:14 | Report Abuse

Anwar PM soon?

Posted by Hidup_Anwar > 2020-10-14 15:19 | Report Abuse

50% NTA (0.7?)in 1 mth?

Posted by FlyFried > 2020-10-15 10:52 | Report Abuse

Anwar hidup. parkson mati.

Posted by ks55 > 2020-10-15 19:49 | Report Abuse

Memang Parkson patut mati.
Parkson is now a PN17 counter.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_

Posted by ks55 > 2020-10-15 20:00 | Report Abuse

Stock: [PARKSON]: PARKSON HOLDINGS BHD

Jun 22, 2016 4:18 PM | Report Abuse

2016年5月03日, 鍾廷森接受《The Edge財經日報》專訪時，不否認公司股價受打壓
为什么受打壓? 他不敢解释

1. Parkson lost 36m Q3.
Net lost attributed to share holder 25.5m
Maju Junction 3 month loss 5m, 6 months loss 11m.
So total losses from Maju Junction (only 9 months) is estimated to be 15m for FYE2016.
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

2. Lion Industries lost 130m Quarter ending 31 Mac 2016.
Lost attributed to share holders stood at 115m.
Lost per share 16.5 sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

3. LionForest Industries lost 54m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

4. Lion Diversified lost 34m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

5. Lion Corp lost 91m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

6. With all meow-meow losing money, and not able to pay dividend, how WC going to pay interest on margin finance of his pledged securities to tune of 20m to 50m a year?

7. Also take note Parkson derives its valuation from these two operating units. They are selling dirt 'cheap' now, and should be going down some more.
PRGL at HK$0.69 - record low, will break its own record again.
PRA at S$0.1580 - near record low, can make record any time.
Sum of Parts (SOP) is at 69 sen.
With 30% discount attached to holding company (as safety margin), safe to buy at not more than 50 sen.

8. WC has been selling Parkson share at around 91 sen.
WC sold 10.35M Parkson shares on 12.04.2016, 2.06M on 14.04.2016, and 2.18M on 20.04.2016 and 5.3m on 26.04.2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcem...
http://www.bursamalaysia.com/market/listed-companies/company-announcem...
http://www.bursamalaysia.com/market/listed-companies/company-announcem...
http://klse.i3investor.com/servlets/stk/annchdr/5657.jsp

9. Meaning that either he think the share already overvalued, or he has to get some money to pay interest, or the pledged shares were forced sold, or he invite all meow-meow share-holders to go holland together with him.

10. All Lion meow-meow face potential forced selling by the creditors.
This include Parkson shares.

11. Parkson rests on yesteryears business model. No hope for any turn around at least in next 3 years.

12. Share Buy-backs are weakening the balance-sheets even of the most cash-rich firms.
Is Parkson really cash rich? How about 89.39m interest paid for 9 months on 2.49 billion borrowings? Since 2008, WC already used up 2.1 billion to buy back Parkson shares, otherwise he could have saved 75m on interest payment for 9 months.

13. Parkson share buy-back has become a kind of corporate cocaine that induces a temporary feeling of invincibility but masks weakness and vacuity. It has become a norm for any punter to buy by 4.30pm, then park to sell at 4.49pm. WC is going to pay these punters 'toll' to push up closing price everyday. He cannot stabilize Parkson share price with such tactic, but just draining the valuable cash.
Worst still it become clear for WC to commit suicide by drinking sea water in the ocean to quench thirst (飲鳩止渴).
Sooner or later Parkson is going to bleed to death.

14. Please don't tell me WC cannot understand the logical reasoning above. To me, he is paying peanuts to get monkeys to run his business empire -- from the very top to the sales personnel.
Don't believe, just go to any Parkson outlet to see what are the sales girls doing......

Posted by ks55 > 2020-10-15 20:02 | Report Abuse

Stock: [PARKSON]: PARKSON HOLDINGS BHD

Apr 22, 2016 4:24 PM | Report Abuse

Parkson didn’t do anything wrong, but somehow, it lost.

Sales on Singles day (11.11) by Alibaba (USD 14.3 billion or RM 60 billion) is equivalent to 5.04 times PHB Gross Sales Proceeds (RM 11.9 billion) for the whole financial year of 2015.

WC need not do anything wrong, by not doing anything right, he is bringing Parkson to holland just like Nokia.

PRA is now at S$0.156. It simply reflects how Singaporean think of the future for traditional departmental stores like Parkson.

I wish to reiterate, Parkson share valuation is only worth 75 sen, taking into consideration of PRA and PRGL current share price.
With 30% discount for holding company, plus yesteryear business model, plus risk of forced selling by Affin Hwang (Penang) on WC pledged securities, safe bet on Parkson is 50 sen.

It is now up to you to rebut my opinion as stated above. I am more willing to accept reasonable argument rather than statement like WC can buy back more share cheap-cheap at 50 sen. I am still skeptical about the wisdom of share buy back at 4.50pm each day. To me, it amounts to manipulation of closing price to avoid further margin calls. Any form of manipulation of share price is a criminal offence regardless its motive. Repco Lau went to jail for 5 years on similar offence............

Posted by ks55 > 2020-10-15 20:28 | Report Abuse

Stock: [PARKSON]: PARKSON HOLDINGS BHD

Jul 6, 2017 2:53 PM | Report Abuse

Parkson is a good case study.
It is drifting downwards without any support level, everyday low just like Tesco slogan.

You know characteristics of drifting counter?
Unless sudden sharp fall with a surge in volume (associated with forced selling), or WC step down, or WC decide to sell all PRGL assets, or PRA sold to third party, or engaging external management consultant like Mc Kinsey to have organization restructuring, share price will drift downwards everyday.

Why not WC using internal management team to conduct organization restructuring?
Reasons:
1. Interference from WC.
2. Internal management teams are paid peanuts, so all are monkeys. Monkeys can only run monkey business.
3. Management consultants will be made accessible to all business entities within the group. What asset to dispose off, what asset to merge, how to cut operating cost, how to improve cash flow via fresh capital infusion, which dead wood to be removed, how to enforce and strengthen company policy statements, how to make CEO responsible and accountable, how to down size and optimization.
4. Management consultants will just make recommendations.
They will have lesser consideration on one off losses, but more on turn around.
Implementation all depends on will and wisdom of WC.
5. WC should place more trust on external expert recommendation, rather than seeking advice from his internal management team (all monkeys because paid with peanuts). Monkeys cannot give creative and innovative business direction. They just follow typical business model from book.

Posted by adamsmith > 2020-10-15 20:56 | Report Abuse

how about close all parkson, sell all property particularly in china as their valuation still years ago, then WC take private ???

Posted by Kabana1956 > 2020-10-16 02:09 | Report Abuse

In the nutshell, stay away lo. Invest your hard earned money in other counters :D

Posted by chanph > 2020-10-16 08:55 | Report Abuse

JV announcement???

Posted by Hidup_PN > 2020-10-16 09:00 | Report Abuse

OTHERS Announcement by Parkson Retail Group Limited - Major Transaction: Formation of Joint Venture
PARKSON HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description Announcement by Parkson Retail Group Limited - Major Transaction: Formation of Joint Venture
We attach herewith the announcement made to The Stock Exchange of Hong Kong Limited ("The HKEx") on 16 October 2020 by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The HKEx, in relation to the major transaction on the formation of a joint venture.

On 16 October 2020, PRGL had announced that Shanghai Shengrui Commercial Management Co., Ltd., an indirect wholly-owned subsidiary of PRGL, and Hongxiang Real Estate Co., Ltd., a wholly-owned subsidiary of Hongxiang Holding Group Co., Ltd., had on 15 October 2020 entered into a joint venture cooperation agreement ("Joint Venture Cooperation Agreement") to establish the joint venture to jointly locate suitable land resources within Jiaxing City of Zhejiang Province in the People's Republic of China for future development and construction of properties on such land resources ("Joint Venture").

As one or more of the applicable percentage ratios in respect of the consideration under the Joint Venture Cooperation Agreement are more than 25% but all of such ratios are less than 100%, the entering into the Joint Venture Cooperation Agreement constitutes a major transaction of PRGL under Chapter 14 of the Rules Governing the Listing of Securities on The HKEx ("Listing Rules") and is therefore subject to announcement, circular and shareholders' approval requirements under Chapter 14 of the Listing Rules. In this regard, the written approval of certain shareholders interested in an aggregate of 1,448,270,000 ordinary shares of HK$0.02 each, representing approximately 54.97% of the total number of issued shares of PRGL, has been accepted in lieu of holding a general meeting of PRGL pursuant to Rule 14.44 of the Listing Rules.

The formation of the Joint Venture does not have a material impact on the earnings of the Group for the financial year ending 30 June 2021 and the net assets of the Group based on the audited consolidated statement of financial position of the Company as at 30 June 2020.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3096776

Posted by speakup > 2020-10-16 09:34 | Report Abuse

Parkson suspended cos going to announce Parkson Gloves
Look at Mah Sing today..... fly cos venturing into Mah Sing Gloves
Parkson Gloves is coming, not a dream

Posted by StarDust > 2020-10-16 09:38 | Report Abuse

is JV good? Suspended for how long?

Posted by adamsmith > 2020-10-16 09:42 | Report Abuse

development and construction of commercial and residential
complexes in china

Posted by adamsmith > 2020-10-16 09:45 | Report Abuse

Date
15 October 2020
Parties
(a) Shanghai Shengrui; and
(b) Hongxiang Real Estate.
The ultimate beneficial owners of Hongxiang Real Estate are Yao Yueliang, Yao Weibing
and Song Chengmei. To the best knowledge and belief of the Directors having made all
reasonable enquiries, Hongxiang Real Estate and its ultimate beneficial owner(s) are
third parties independent of, and not connected with, the Company and its connected
persons (as defined under the Listing Rules).
Purpose for the formation and business scope of the Joint Venture
Shanghai Shengrui and Hongxiang Real Estate intend to jointly locate suitable
land resources within Jiaxing City of Zhejiang Province in the PRC for the future
development and construction of properties on such land resources. They intend to
acquire the land use rights of plots of land to be used for (a) commercial and residential
purposes, which include the development and construction of commercial and residential
complexes; and (b) commercial and retail purposes, which include the development and
construction of commercial shopping centres, located in the aforementioned area.
Capital commitments
Pursuant to the Joint Venture Cooperation Agreement, the parties will initially make
a total contribution of an amount of RMB1,550,000,000, in which Shanghai Shengrui
will make capital contribution of an amount of RMB450,000,000 by cash and by way
of shareholder’s loan, and Hongxiang Real Estate will make capital contribution of an
amount of RMB1,100,000,000 by cash and by way of shareholder’s loan.

Posted by wehcant > 2020-10-16 10:04 | Report Abuse

WTF, Parksong venturing into glove also???

Posted by Alfonso > 2020-10-16 10:06 | Report Abuse

JOM park-glove

Posted by Warren_Buffett88 > 2020-10-16 10:10 | Report Abuse

tp 0.3...go go go...

Posted by speakup > 2020-10-16 10:11 | Report Abuse

Parkson gloves up 17% not as hot as Mah Sing gloves
Parkson need to improve their "Goreng" marketing

Posted by xuxu > 2020-10-16 10:11 | Report Abuse

unlimited throwing 0.165 who clapped ?? hehe

Posted by speakup > 2020-10-16 10:13 | Report Abuse

heard Parkson signed 4 agreements recently with suppliers of nitrile butadiene rubber and later rubber

Posted by speakup > 2020-10-16 10:15 | Report Abuse

Parkson expects phase 1 with 8 production lives to see production of 2 billion gloves

Posted by speakup > 2020-10-16 10:16 | Report Abuse

heard Parkson has a few prospective customers already lined up to take up their entire production in phase 1

Posted by speakup > 2020-10-16 10:17 | Report Abuse

phase 2 Parkson will increase another 8 production lines to produce a combined total of 4 billion gloves

Posted by speakup > 2020-10-16 10:23 | Report Abuse

insiders with privileged info on parkson gloves accumulating parkson that's why up 10% now

Posted by xuxu > 2020-10-16 10:27 | Report Abuse

parkson tipu org lagi.

Posted by adamsmith > 2020-10-16 10:29 | Report Abuse

forget gloves , parkson properties in china is in very good location and the valuation is years ago. now they start stepping into property development

Posted by wehcant > 2020-10-16 10:31 | Report Abuse

Announcement didn't mention about venturing into gloves. Don't fall into the trap.

Posted by investorbat > 2020-10-16 10:40 | Report Abuse

venturing into property is good,finally make some move from retailing ,maybe the news made parkson shot to 0.30 last month,some insider knew it,otherwise i could not find any reason with huge volume to 0.30

Posted by investorbat > 2020-10-16 10:42 | Report Abuse

not surprise to see back above 0.30

Posted by adamsmith > 2020-10-16 10:42 | Report Abuse

could be wc collecting and later take it private....

Posted by speakup > 2020-10-16 10:46 | Report Abuse

wc taking parkson private
then relist as parkson glove

Posted by Jeffreyteck > 2020-10-16 10:55 | Report Abuse

Always good to have hopes like PH.

Posted by CheeseHunter > 2020-10-16 12:02 | Report Abuse

The future is bleak. Those who still holding this should just let go.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3096766

Posted by Lam LH > 2020-10-16 12:06 | Report Abuse

the best option is padini or aeon takeover parkson.