All WC need to do is to declare bonus warrant on 1:1 ratio at a conversion price to be fixed later, and the share price of Parkson will shoot up in the current liquidity driven market. It does not dilute the equity in the short term and when the warrants are converted it will bring cash flow to the company. Afterwhich, you announce to do a PP. How to get a good price for PP when you do not give any incentive for investors to buy Parkson shares. This is where WC is not good at protecting shareholders interest.
No need to complain about it. Already 7 consecutive weeks up. Next week going to continue its uptrend. Pp price will be slightly below 0.30. Put your net at 0.215/0.22 early next week.
WC just don't understand how to improve investors perception and interest in Parkson. He thinks that concentrating his time in turning around the business would suffice. This is his weakness. Rewarding shareholders including himself is an important proponent in creating loyal shareholders in buying and defending the share during good and bad times. WC is still oblivious to this very important aspect to improving the share price of Parkson. In fact, there are many shares in Bursa making losses yet investors have confidence in the major shareholder and the share price remain elevated without dropping.
If the assets of Parkson is revalued today, I'm sure the book value of Parkson will be at least RM3 to RM3.50 yet the share price is only 21 sen. So, WC should declare bonus warrants to all loyal shareholders since the Company need to conserve their cash flow for the business. This will create excitement in Parkson.
@Keyman188 A lot people blind think close outlet in Malaysia is bad and the fact they don't know anything about China. Continue to drop I continue to buy hehe
PN17 ? I recommended to buy Dataprep when concern raised over it to falls into PN17 in Dec when the price below 0.17: Stock: [DIGISTA]: DIGISTAR CORPORATION BHD
Dec 10, 2020 11:12 AM | Report Abuse
Dataprep not 2/3 sen counter. At least 30% from current price. ____________________________________________
I also buying real PN17 counter Ktb now.
Im not bordered whether it's PN17 or good results company. The most I concern is whether got taukeh playing the counter or not?
China sees consumption boom during 2021 Spring Festival
From heated local tourism to surging dining and online shopping, China saw a consumption boom that was above the expectations of many during the weeklong Spring Festival holiday, and experts said the trend should continue after COVID-19 vaccines become widely available in mid-2021.
The boom was not all usual, particularly after China's efforts to discourage people from going back home during the Spring Festival to prevent a resurgence of the pandemic - a move that raised some worries about lackluster consumption.
The positive results, however, were better than many people thought and are read as another signal of China's economic strength.
In the tourism sector, which many believed would take a serious hit from the stay-put order, certain cities still saw tourist numbers surge compared with last year's Spring Festival holiday.
Beijing's key tourism sites, for example, received 3.7 times as many people as they did in last year's Spring Festival holiday, while their revenues skyrocketed nine times year-on-year and were even 1.9 times higher than the 2019 holiday.
Shanghai's tourist numbers almost recovered to the level seen in 2019, showing that the tourism market almost returned to pre-pandemic level.
The booming tourism business greatly boosted hotel room bookings, as many hotels, such as those in suburban Beijing, were fully booked for the holiday. Rooms in Shanghai's Disneyland were also entirely booked for this year's New Year's Eve, according to data sent by tourism service provider qunar.com to the Global Times.
This apparently shows a trend of improving after China's tourism market slumped amid the coronavirus hit.
Tourism during the holiday showed a significant increase from last year, and it almost reached 90 percent of the 2019 level in terms of visits and revenue, Xu Xiaolei, marketing manager at China's CYTS Tours Holding Co, told the Global Times on Thursday.
"With the development of vaccines and an increase in epidemic prevention and control measures in place this year, we expect tourism for the coming Qingming Festival holiday may be the same as 2019," Xu predicted.
Consumers also spent lavishly on other activities such as dining and shopping during this year's Spring Festival. According to data monitored by the Ministry of Commerce, China's key retail and dining enterprises saw revenues grow 28.7 percent year-on-year to 821 billion yuan ($127 billion) from February 11-17.
A Shanghai resident surnamed Dai said that his family dined out at restaurants three times during this year's Spring Festival holiday, spending 1,500 yuan on food each time.
"We usually wouldn't spend so much dining out during Spring Festival, but as we canceled travel plans this year, we dined out more to compensate," he told the Global Times.
The rising spending on tourism and other activities came as sporadic outbreaks of the coronavirus were put successfully under control. China has now cleared all high-risk COVID-19 areas.
Cong Yi, a professor at the Tianjin University of Finance and Economics, said that China has around 400 million people with middle-class or higher income levels, which shows a clear trend of consumption structural upgrading.
"We believe that China is a market with massive potential and resilience, with a solid consumer base and an upgrading trend," Cong told the Global Times.
Cong predicted that China's consumption would show a strong rebound this year, particularly after COVID-19 vaccines become widely available in May or June.
"After the pandemic is put under control completely, all sectors including consumption and investment would show a robust recovery in China," he said.
China's unexpectedly strong consumption growth was also in stark comparison to the US market, which presented a gloomy picture of consumer sentiment, global research data showed.
Ipsos' February index of global consumer confidence noted that China's consumer index surged 6.5 points year-on-year to 71.8 for February 2021, the largest growth among the 24 monitored economies. In comparison, the US' consumer sentiment index decreased 12.6 in February from one year earlier, the largest drop among all countries.
China's factories, consumers drive recovery into 2021
(March 15, 2021 12:48 pm +08)
BEIJING (March 15): China's factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020.
While the impressive set of numbers released on Monday were heavily skewed by the very low base from last year's massive slump, analysts said they nonetheless showed China's strong rebound remained intact.
Industrial output rose 35.1% in the first two months from a year earlier, up from a 7.3% on-year uptick seen in December, data from the National Bureau of Statistics showed, stronger than a median forecast for a 30.0% surge in a Reuters poll of analysts.
Retail sales increased 33.8%, also faster than a forecast 32% rise and marking a significant jump from 4.6% growth in December and a 20.5% contraction for January-February of 2020.
"We have a positive outlook for exports and manufacturing investment this year," said Louis Kuijs, head of Asia economics and Oxford Economics. "And we expect household consumption to become a key driver of growth from Q2 onwards as confidence improves and the government’s call to reduce travel is toned down."
China's ability to contain the coronavirus pandemic before other major economies were able to do so has allowed it to rebound faster.
In 2020, it was the only major economy to report positive annual growth, with an expansion of 2.3%.
The recovery has been driven by robust trade, pent-up demand and government stimulus.
Export growth hit a record pace in February while factory gate prices posted their biggest expansion since November 2018.
China’s economic activity is normally distorted in the first two months because of the week-long Lunar New Year holiday, which fell in February in 2021.
Modest expectations
Despite the statistical noise in the latest data, other measures show a broad-based recovery with industrial output up 16.9% and retail sales growing 6.4% compared with the first two months of 2019.
However, Liu Aihua, an NBS spokeswoman, warned that while positive factors for China's economy are increasing, the foundation for the recovery is not yet solid.
"Covid-19 is still spreading around the world and global economic conditions are complex and severe; domestically the imbalances of the recovery are still quite obvious," Liu told a briefing in Beijing.
The country saw scattered Covid-19 outbreaks re-emerge earlier this year, but brought them under control by early February.
Surveyed urban unemployment reversed a steady decline and rose to 5.5% in February from 5.2% in December, indicating increasing pressure on China's job market.
While millions of workers normally travel home over the Lunar New Year holiday, many stayed put this year due to Covid-19 fears. That kept factories humming over the period, but it also had some impact on consumer spending.
Seasonally adjusted month-on-month data showed retail sales growth actually fell in January-February, likely due to both travel restrictions but also elevated unemployment, analysts at Capital Economics said in a note.
Fixed asset investment increased 35% in the first two months from the same period a year earlier, slower than a forecast 40.0% jump. That compared with 2.9% on-year growth in 2020, and a 24.5% plunge in January-February last year.
Investment grew 3.5% compared with the first two months of 2019.
Private-sector fixed-asset investment, which makes up 60% of total investment, rose 36.4% in January-February, versus a 1.0% increase for the full year of 2020.
Beijing this month set a modest annual economic growth target, at above 6%, well below analysts' consensus forecast of more than 8% this year.
Chinese Premier Li Keqiang said last week the focus for growth this year is on consolidating the economic recovery.
Zhang Yi, chief economist at Zhonghai Shengrong Capital Management, said the recovery seen in month-on-month indicators may have already peaked, a sign momentum is slowing.
However, he expects infrastructure to receive a boost from still accommodative fiscal policy while exports are likely to maintain growth as the world economy opens.
As vengeance shopping takes place in China as locals go on a frenzied buying spree to compensate for loss of overseas holidays, Parkson will be a beneficiary. One can expect Parkson's business to recover exponentially in 2021 and beyond, cheers.
China’s Vaccination Plan Could Lift GDP Growth to 9.3%Bloomberg News
March 30, 2021, 4:23 PM GMT+8
~ Ambitious target of 10 million doses a day will have to be met
~ Consumption, tourism and business confidence will benefit
China’s ambitious plan to vaccinate 40% of its population by the end of June could pave the way for lifting the economy’s growth rate to 9.3% this year, Oxford Economics forecast.
Business confidence and consumer spending will improve should China be able to achieve its targeted rate, which Oxford Economics estimates will require inoculating 10 million people a day -- twice the current pace. If Beijing is able to maintain that rate in the quarter through September as well, it could translate into some form of herd immunity, with 60% to 70% of the population vaccinated.
This would translate into a 0.4 percentage point gain to the gross domestic product growth rate from Oxford Economics’s 8.9% baseline scenario, which assumes five to six million doses are administered per day, according to its report released Tuesday.
Household consumption this year could increase by 7% from its pre-Covid level in 2019, while export of tourism services will recover to about 50% of its 2019 level in the second half of the year, and imports of tourism services will recover around 70%. Fixed investment will also improve, the research institution said.
China’s vaccination drive has so far lagged the U.S. and European countries, with only 107 million of its residents, or 3.8% of the population, being administered the shots. The government’s successful containment of the virus had previously made it cautious about pushing for vaccination.
In a worse-than-expected scenario, where only 40% of population will be vaccinated by the end of the year, economic growth could end up 0.2 percentage points lower from the baseline case at 8.7%, the report said.
“While China’s economic outlook depends less on the speed of vaccine rollout than other countries’ do, it does matter for a ‘full’ return to normalcy domestically and to close the immunity gap with other countries, which will allow China to open its borders safely,” Tommy Wu, lead economist at Oxford Economics, wrote in the report.
Economists expect China’s GDP to expand 8.5% this year, based on median forecast of a Bloomberg poll.
Hi all, don't sell these precious deep value investing shares. It's rationalisation plans are bearing fruition now, will go back to its blue chip glorious days.
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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....
BabyAce
1,833 posts
Posted by BabyAce > 2021-03-18 15:28 | Report Abuse
Finally all 22.5 sen matched so happy. Now wait for the wave to 30 sen