Any loss in business or investment is a bad thing for a listed company - NTA will drop when they write off these investment. Also bad news come at the wrong time when the Govt announced MCO for whole country. Only depends on China now which is too risky and also carries high concentration risk. The share price may drop back to the previous level - 9 to 10 sen maybe. Also no reason to hold this counter - better sell and salvage whatever price can get now. For now, rubber glove businesses still make the most money. Just my humble opinion. Trade at your own risk.
@skywwalker00 thanks for ur advice.. im already cut loss at 1.5k huhu that’s the highest cut loss im ever made.. but i must too.. since the price likely going down.. Thanks to God Im already get my modal back after 3 days of trade.. hehe
I also sold earlier at a small loss. Now I think a prudent strategy is to wait...wait for price to drop to a lower & attractive (or better irresistable) level to enter safely. That way you mitigate any potential loss and stand a higher chance of making money. Under the current weak and scary economic condition caused by covid19, there is more likelihood of price going south even though company may be recovering and making profit.
Total operating revenues for the three months ended 31 March 2021 amounted to RMB1,303.8 million, representing an increase of RMB422.7.1 million or 48.0% as compared to the corresponding period of last year. Same store sales (“SSS”) for the three months ended 31 March 2021 increased by 48.2% as compared to the corresponding period of last year. The Group recorded total Gross Sales Proceeds (“GSP”) inclusive of value-added tax of RMB3,356.0 million for the three months ended 31 March 2021, representing an increase of 49.2% as compared to that of RMB2,248.8 million for the three months ended 31 March 2020. Profit from operations for the three months ended 31 March 2021 was RMB117.7 million, a turnaround increase of RMB149.5 million as compared to a loss of RMB31.8 million for the corresponding period of last year. Profit attributable to owners of the parent for the three months ended 31 March 2021 was RMB0.4 million, as compared to a loss of RMB146.7 million recorded for the three months ended 31 March 2020.
The rest will come next week. Indon Vietnam same same no hope. Malaysia last two quarters ok tis quarter shud be ok. Indon next quarter no more inside Parkson.
Good good @moneykj. Byk nak collect low price knowing indon is out in next QR. Parkson 2021 will be profitable. 9 months positive 220M profits and satu quarter lagi. Merocket
Total lockdown in coming for two weeks and it may be extended more as the case are out of control. Will Parkson survive? Current quarter result is a no-no. And what their management next move will be? Shouldn't they have a meeting of some sort and prepare for the worst? or are they gonna stick to their current business operation without any improvement to maintain profitable?
Do anyone know what they are planning? Willing to share it?
Wonder who still want to buy this counter - Indonesia big problem, Msian ops incurred losses in last QR and now total lockdown and store cannot open. If still can run, better run. If not, likely to be stuck for a long time.
They are slowly cutting out the cancer , as long as they keep doing it with minimal impact to their NTA okay la... only worry is their big big loans taken but conditional ...
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....
MK76
950 posts
Posted by MK76 > 2021-05-12 10:38 | Report Abuse
I tink good sign. Coz Indonesia and Vietnam in red for many quarters. China and Malaysia profits not enough to cover. Less is more.