Not scared are you? You see its support was at 0.28. It broke very easily n volume surged thereafter below this support.
If you want to wait for a rebound, well the rebound already happened yesterday from 0.245 to 0.275, rebounded to near 0.28 broken support.
Next it will break 0.245 yesterdays low to 0.215.
This is not what you should be scared of. What you should be scared of is its base is very low around 0.135. There is a possibility it is heading there over a medium term.
get lost la, have you fattat an make alot from bursa using yr so call TA ?? rr88
Not scared are you? You see its support was at 0.28. It broke very easily n volume surged thereafter below this support.
If you want to wait for a rebound, well the rebound already happened yesterday from 0.245 to 0.275, rebounded to near 0.28 broken support.
Next it will break 0.245 yesterdays low to 0.215.
This is not what you should be scared of. What you should be scared of is its base is very low around 0.135. There is a possibility it is heading there over a medium term.
1Q green - sunset business. cannot pi. 2Q green - rarely make profit. cannot sustain. pum and dump. 3Q green - careful. many alerts. high debt. china slow down. 4Q green - wtf. not possible geh. moments later.... Parkson good Parkson best ?
aiyoyo @pang72 bro. seriously? 2020 blog? you know your comments are full of hype since last time right? your short term hype tactics confirm pecah dy.
he invests shares base on few year back old news one la. hailat Gusan
Why2TellMeWhy
aiyoyo @pang72 bro. seriously? 2020 blog? you know your comments are full of hype since last time right? your short term hype tactics confirm pecah dy.
There are many reasons on why I could foresee Parkson stock price to break 30 cents within next week
All fellow supporters of Parkson, more and more good news are coming soon! Next week will go even higher in conjunction with more new outlets. One of the achievements is as follows:-
Parkson Holdings Bhd's indirect unit in China, Jiangxi Parkson Shopping Centre Management Co Ltd, has entered into a 20-year tenancy agreement with Nanchang Hui Xin Industrial Co Ltd for a contract value of 70.49 million yuan (about RM45.82 million). Jiangxi Parkson is an indirect wholly-owned subsidiary of Parkson Retail Group Ltd (PRGL), a 54.97 percent-owned subsidiary of Parkson Holdings. PRGL, in an announcement on the Hong Kong Exchange, said the tenancy agreement will commence when the shopping centre is opened, tentatively on Oct 1, 2023 (will not be later than 31 October 2023) According to Parkson Holdings' filing with Bursa Malaysia, Jiangxi Parkson will occupy 28,585.47 square metres of the Royal Core Plaza, located in Nanchang City.
Parkson Holdings Bhd said its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRGL) has entered into a 20-year tenancy agreement in respect of a property in Nanchang in China’s Jiangxi province.
In a filing with Bursa Malaysia, Parkson said the agreement was signed on Monday (Oct 31) by PRGL’s indirect wholly-owned subsidiary Jiangxi Parkson Shopping Centre Management Co Ltd, and property owner Nanchang Hui Xin Industrial Co Ltd.
The agreement is in respect of a tenancy of a lower ground floor, as well as first to fourth floors of a building with a total gross area of 28,585.47 sq metres. The fixed monthly rental is 25 yuan (RM16) per sq metre (inclusive of tax and property management fee) and is subject to a 5% increment every three years during the term. Parkson said the tenant would be entitled to rent-free periods for each first- to four months of the first three years within the term, totalling 12 months.
The next catalyst to Parkson's growth and development is the outlet in Nan Chang, Jiangxi Province ! Believe or not, needless to explain, witness yourself in the earning report soon!
Parkson Jiangxi will open earliest on the National Day of the People's Republic of China, 1 Oct 2023, 南昌盛汇广场项目位于南昌县迎宾大道以东,澄湖北大道以南,由一栋集中型购物中心组成。
I have been active in Parkson and CLMT since early of the year. Actively wrote article and analysis about Parkson and CLMT and MBM Resources since April 2023
If you would like to earn more, I would suggest that holding Parkson for 1-2 years, price of RM1 is not an issue at all
Next week, Parkson will be acquired by many investors, should collect more before it breaks 30 cents.
There's plan lined up for the next few years starting with
(1) Nanchang County, Jiangxi Province, expected to be in the fourth quarter of 2023
(2) Mianyang Fulin Parkson Plaza Co. Ltd. to open a supermarket in the fourth quarter of 2023
(3) Shanxi Parkson Retail Development Co. Ltd. to open a third store in Datong City, which is expected to be launched in the second half of 2024
(4) Mianyang Fulin Parkson Plaza Co., Ltd., to open 5th store in the first quarter of 2026
百盛的发展蓝图,还有很多。
那么多发展,百盛继续创造奇迹。
若继续爆料parkson 的宏图大志到2030年,股价都不懂会怎样呢?
To be honest, I do not intend to be selfish. The above are solid development and it reflects successful turnaround strategy carried out by the top management of Parkson
I will collect more and more.
Hopefully, the price of Parkson will go down as many take profit so that I could collect and gather for more before the price increased to or more than RM0.30 or 30 cents
DISCLAIMER:
This post or blog does not constitute BUY/SELL CALLS and it is just for information sharing. The author above won't be responsible for any parties relying on this information for investment decision.
<Sharing from a hidden and low profile Investment Guru who does not earn from fee but earn genuinely from recovery stock>
This is how i see it from my personal opinions. Could be wrong and hope it helps -
(1) I am expecting a min of 70% stores in China to be profitable by end of 2023 compared to 40% as of end of 2022. And recovery to continue into 2024 (>70% stores to be profitable and higher net profits) with on-going optimization.
(2) We should be seeing a 3 phase journey based on available information - (a) recovery journey (turning to black and stores becomes profitable) that started in 2023 (b) stabilisation period of one year in 2024 to allow new stores to mature (one year gap in between new stores in China) and FY2024 should be seeing higher returns compared to FY2023 barring any unforeseen circumstances (c) Fully transitioned into commercial space operator within the consumer cyclical segment generating normalized earnings and excess returns. Parkson as a group turned from aggressive growth in the past to getting into going concern and getting out of it, realigned its business decisions/focusing on operational efficiencies, and here we are now in phase (a).
DISCLAIMER:
This post or blog does not constitute BUY/SELL CALLS and it is just for information sharing. The author above won't be responsible for any parties relying on this information for investment decision.
Let me recall the Retail Sales Data for the 1st seven month in year 2023. For the first seven months of the year, retail trade rose by 7.3%.
<Source: National Bureau of Statistics of China> China's retail sales increased by 2.5% year-on-year in July 2023, slowing from a 3.1% growth in the prior month and missing market estimates of 4.5%. This was the seventh straight month of increase in retail trade but the softest pace in the sequence, as sales growth moderated for tobacco & alcohol (7.2% vs 9.6% in June); clothes, shoes, hats, and textiles (2.3% vs 6.9%); furniture (0.1% vs 1.2%); and communications equipment (3.0% vs 6.6%). Simultaneously, sales fell for cosmetics (-4.1% vs 4.8%), jewelry (-10.0% vs 7.8%), home appliances (-5.5% vs 4.5%), personal care (-1.0% vs -2.2%), office supplies (-13.1% vs -9.9%), building materials (-11.2% vs -6.8%), oil products (-0.6% vs -2.2%), and automobiles (-1.5% vs -1.1%). For the first seven months of the year, retail trade rose by 7.3%.
The rise of Retail Sales in China is a good sign that recovery is in progress and Parkson is on the right timing to expand its department stores in China with the additional opening of stores as mentioned previously. I look forward to seeing more and more positive update from China
Parkson very undervalued now from a valuation perspective. Look at an investment for long term. Mark my words here today. One year later, i will show this comment again.
BEIJING — Consumer spending bounced back in August after a tepid July, according to the China Beige Book’s survey of Chinese businesses released Thursday.
All five categories — apparel, automotive, food, furniture and appliances and luxury — saw a marked increase in sales this month, versus July, the report said.
That’s based on a survey conducted Aug. 17 to 25 of 1,300 businesses, the majority of which were not state owned.
Retail sales rose by a muted 2.5% in July from a year ago, adding to concerns about China’s future economic growth. The National Bureau of Statistics had also released retail sales from services on a year-to-date basis, which was up 20.3% from a year ago. Domestic travel has seen a surge of activity this summer. In a report Monday, Nomura analysts found the seven-day moving average of domestic flights remained more than two times greater than what it was in August 2019.
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Posted by rr88 > 2023-08-29 14:57 | Report Abuse
Cabut 0.26. Profit half cent less brokerage.