Posted by jeannie > 2014-11-21 09:59 | Report Abuse

I'm stuck with this counter and a big loss atm, my avg price is almost 4..dunno when its going to come up to it...guess tunggu lama lama until my gigi tinggal dua..haizzzzzzz

Posted by AdCool > 2014-11-24 11:43 | Report Abuse

Releasing results today. Another bumpy ride ahead?

Posted by Flintstones > 2014-11-24 19:59 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1803093

Another quarter another poor results. Retail is the hardest business to turn around in the world. Hope our friends here realize the nature of this business.

Posted by Flintstones > 2014-11-24 20:05 | Report Abuse

Assuming an annualized full year profit of RM 0.08, on a NTA of RM 2.44, Parkson is only making a sad 3% return on capital. Even if profit doubles, that would be a 6% return on capital. The right thing to do for Parkson now is close down less profitable stores. But I dont think the management could take such a hit in their ego.

Posted by Ah Ha > 2014-11-25 13:14 | Report Abuse

wait For TP 1.80

Posted by AdCool > 2014-11-25 14:28 | Report Abuse

If you already dont believe in Parkson's growth and business model, no matter what's the price, it makes no sense to invest and buy. Just like MAS...It's cheap but are you going and willing to buy it?

Posted by Flintstones > 2014-11-25 20:10 | Report Abuse

AdCool, fundamentally, Parkson isn't cheap at all. You are looking at a business producing returns below cost of capital. Businesses like these are valued at NTA. Currently, Parkson is absolutely fully valued. Only investors believing in the great recovery of China would pay a premium for Parkson. But then, if Parkson goes down to less than RM 2, then it is time to whack like no tomorrow! Parkson is a good business. You just need one good timing to whack its butt.

Posted by flyup888 > 2014-11-25 20:35 | Report Abuse

wont drop till rm2...

Posted by AdCool > 2014-11-25 23:02 | Report Abuse

With the share buyback, may not be able to go down to RM2.00. Their method is to push up the price before market closes. That's how they sustain the price back in previous share buyback.

Parkson is still making profit but somehow, the share price isnt reflected. Some other counters in Bursa are making loss, yet their price are being manipulated and being pushed up.

Posted by Flintstones > 2014-11-26 08:51 | Report Abuse

I am fairly concerned about Parkson's share buybacks. I remember they bought all the way down from the peak. That is not the best use of cash IMHO.

Posted by AdCool > 2014-11-26 13:56 | Report Abuse

Maybe the chairman should just resign and let the younger blood to take over and turnaround the business. Selling the business in China could be a step forward and focus on Indonesia and SEA.

Posted by AdCool > 2014-11-27 19:21 | Report Abuse

There have been 5 days of shares buy back since the renewal approval of shares buy back on 19 Nov 2014.These two days, they were using the method as highlighted by ks55. It just trying to maintain the open and closing price.

Posted by anonymousjr > 2014-11-28 13:24 | Report Abuse

http://www.nst.com.my/node/56783
https://www.hlb.com.my/main/assets/files/hlbvn-launches-mobile-merchant-payment-service.pdf

Posted by AdCool > 2014-11-28 17:01 | Report Abuse

Tomorrow market closes.

Posted by AdCool > 2014-11-28 17:02 | Report Abuse

Even if it used Ah Kong's money, still unable to sustain the counter price at RM2.40. Hence, this week Parkson closes lower.

Posted by AdCool > 2014-11-28 17:11 | Report Abuse

Every week drop RM0.10 even with shares buy back, by end of the year, will reach RM2.00. Last year on 31st Dec 2013, Parkson closed at RM2.75 and if this year closes at RM2.00, the return would be -27.27%. Taking into consideration of two shares dividends with payout of 6% each, that would mean the return is approximately around -18.33%

Posted by AdCool > 2014-11-28 23:31 | Report Abuse

As a shareholder, I only care about the value of my investment and from my rough calculation, my investment has shrank -18.33% yoy. The share buy back strategy is not working at all. No point to defend the share price if the business isn't delivering. Invest for better return instead.The share has dropped from RM5++ in 2012 to RM2.37 today. You can't go against the market after all. I hope Parkson will give cash dividend after the disposal of KL festival mall instead of share buy back.

Posted by Azizulzaman Jamaludin > 2014-11-29 01:53 | Report Abuse

AdCool, I'm not sure how you got -18.33%. From my calculation, if you bought at RM2.75 and you got shares dividend payment twice, you are just down by -3.166% today.

Posted by AdCool > 2014-11-29 23:00 | Report Abuse

Azizul, I was forecasting if Parkson drop to RM2.00 by end of this year with the estimation of 10 cent drop every week. By then, the ROI is -18.33%. Yes, the current price of RM2.37 is instead a ROI of -3.66%.

Posted by walau2u > 2014-11-30 10:23 | Report Abuse

Parkson is a sunset company..with Alibaba so strong in China, dont try to touch Parkson, you wil regret...................let c when Tan Teng Boo will sell Parkson, if he really sell, then Parkson, sure below RM2 (Icap got 8.6 M share in Parkson).

Posted by anonymousjr > 2014-11-30 22:56 | Report Abuse

This is my personal analysis/opinions on Parkson.

Parkson's current price in analogy/example would seem to be the price of buying a CoffeeShop business by paying only for the location (considering a discounted Net Tangible Assets evaluation (DNTA)). Parkson generated about RM139mil of net profit FY2014 ending June that included higher beginning depreciation costs for new outlets including accelerated depreciation costs (on the back of higher Gross Sales Proceeds and Revenues which has not account for new/ selected refurbished stores). This translates into RM0.123 of profit/earnings per share that effectively new shareholders will pay nothing (free) for which does not yet include the price of goodwill & Parkson's reproduction value, the cost of building or setting up a similar extensive business model.

Parkson share price is currently reflecting the drop in its net profits over est. 3 years. Largely, the cost that have caused the drop seem be the the investments costs to expand business footing (depreciation etc) and China's new policies affecting sales. However, unlike Parkson most of their competition in China (& most retail companies in US) grow with debt e.g. Golden Eagle Retail Group Ltd. Should retail business slowdown or see an increase in competition (Alibaba etc), Parkson with its strong balance sheet & cash and it's businesses in emerging markets (with at least 2-3 times faster retail growth than developed nations) will be able to dampen all negative effects with competition retailers having higher probability of running into financial stress due to their higher debt structures. And a simple online retail opinion would be that we will always find it more gratifying to purchase items in a brick and mortar stores without having to deal with online problems in retail (wrong delivery/measurement/colour/quality/quantity/etc).

Lastly, Parkson's recent 5 year business plan revaluation has been positive in that they have realised their problems/issues and in a short time have successfully started to implement changes via diversification (AUM Hospitality, Watatime, Giftmate, Valino, Mango (in China), Tous (jewellery from Spain)). Parkson also seeks to produce in house brands where currently it's competition in China are already producing in house brands yet having almost similar margins that of Parkson.

Due to these reasons and many other reasons, I believe Parkson share is currently undervalued for it is currently valued as per income statement. And share buybacks (at lowest price in 8 years) with cash stored for bad times, with expansions done via internally generated funds and having distribution channels as large as existent makes Parkson a good investment. Lastly, Parkson is part of Khazanah National Bhd's portfolio.

Please invest based on your personal analysis & judgement for the above are all representations of opinions based on annual/interim/research reports.

Posted by walau2u > 2014-12-01 23:50 | Report Abuse

Anonymousjr, u understand or not, Parkson is like Nokia? No matter how undervalue it can be, it is still a sunset company.

Posted by rlch > 2014-12-02 17:02 | Report Abuse

Finally bought today at RM2.29 for 3rd round buying this year.

Posted by AdCool > 2014-12-02 19:35 | Report Abuse

Based on the last two buyback, the buyback will slow down when it reaches around 6% of treasury shares.

Posted by AdCool > 2014-12-02 19:38 | Report Abuse

As per today, it is only 0.92%. Still have another 5.08% to go before declaring share dividend again at 6%.

Posted by walau2u > 2014-12-02 19:39 | Report Abuse

Tis Parkson wan do business or play with share (up down up down...........

Posted by AdCool > 2014-12-04 09:38 | Report Abuse

every counter in Bursa are down and that includes Parkson. It's not about Parkson alone but the sentiment of Malaysia's economy due to Crude Oil Price dropped and the announcement by Petronas on the 40% lower dividend to Gov in 2015 as well as some reduction in CAPEX and projects.

Posted by AdCool > 2014-12-04 11:16 | Report Abuse

Haha. Then, that means they didnt really take note of the economic perspective and only "hammer" on whatever they think it's the truth. I believe it's almost time to shop for big sales for those under value counters.

Posted by AdCool > 2014-12-04 13:55 | Report Abuse

Really no idea but I manage to make some contra gain by observing the trend from 1500 to 1650.

Posted by AdCool > 2014-12-04 16:48 | Report Abuse

actually i dun understand why they are selling at 2.23 while the current price is at 2.31. Isn't it better for them to sell it higher since WC going to buy it anyway?

Posted by walau2u > 2014-12-04 17:04 | Report Abuse

Last minute RM2.39.....buy back again......

Posted by share3 > 2014-12-11 18:02 | Report Abuse

i think PHB got buyback but seling pressure too much push down the price..if you see the volume is very high..almost use to support and prevent its share drop further..

Posted by HowIn > 2014-12-11 22:26 | Report Abuse

if really happen bear market go below RM2 is not impossible, those share buy back will lock at high price.. nw is see parkson enough fund to share buy back till the share recover

Posted by HowIn > 2014-12-11 22:28 | Report Abuse

we small retailer wont benefit from share buy buy.. cause next few quarter parkson will declare share dividend ratio roughly 1:50.. small retailer got hold so many share?

Posted by Ah Ha > 2014-12-12 16:36 | Report Abuse

parkson will come down to rm1.30. wait and see. china and vietnam retails biz is tough..

Posted by AdCool > 2014-12-12 22:47 | Report Abuse

My prediction of Parkson closing at RM2 by end of the year may come true. By then the total loss for year 2014 is around -18.33%. Parkson has become the worst counter I ever invested so far.

Posted by HowIn > 2014-12-12 23:50 | Report Abuse

but I capital still holding

Posted by rlch > 2014-12-12 23:59 | Report Abuse

and William Cheng buying recently plus share buy back every day. Recent strong China stock market should augur well for retail spending Parkson in China plus approaching CNY.

Posted by bohmiah > 2014-12-14 09:12 | Report Abuse

if Parkson gone case, then good luck to the lions :)

Posted by HowIn > 2014-12-14 14:16 | Report Abuse

William Cheng is 97 Asia crisis legend, this time oil crisis will it repeat the legend again? hahaha

Posted by rlch > 2014-12-14 14:28 | Report Abuse

WC own many shares listed in Bursa beside Parkson. Which one he bought this year or recently.

Posted by rlch > 2014-12-14 17:33 | Report Abuse

Now lowest price base on 5 years price chart here. How low can it drop further?
http://klse.i3investor.com/servlets/stk/chart/5657.jsp

Posted by anonymousjr > 2014-12-15 08:40 | Report Abuse

Translated (Bing translator) from : http://www.expansion.com/2014/12/11/catalunya/1418300507.html
Dated 11/12/2014
Tous jewelry chain has signed an agreement with the international group The Lion Group, through its commercial division Parkson, to deploy a network of stores in China. The Catalan company already had a presence in the Asian giant years ago but closed all its stores to not have found the right partner.
"China is a market that is complicated by its characteristics and its dimension, and we were looking for the right partner; We are convinced that Parkson is that partner, for their knowledge, their experience and their coverage of the country and that with them we can develop any business plan that we propose"explained the President of Tous, Alba Tous.
The opening of establishments will begin in 2015. Reference in the main shopping streets and stores more stores inside shopping malls will be opened. "We will gradually get to do things well and consolidate the brand in the country; "the pace of the market will determine the pace of expansion, we want to grow but seeking excellence" stressed Alba Tous.

Posted by maradonut > 2014-12-15 09:39 | Report Abuse

Ini hari naik, kenapa??

Posted by AdCool > 2014-12-15 11:37 | Report Abuse

Hmm, the pattern of buyback has changed.

Posted by HowIn > 2014-12-15 15:15 | Report Abuse

Adcool how change? izit buy at market open

Posted by walau2u > 2014-12-15 16:08 | Report Abuse

Wow....parkson how come can up today? geng..............

Posted by AdCool > 2014-12-15 18:34 | Report Abuse

Yeah, morning volume is so high and pushed up the price. usually the trend is to push down before buying back large volume at 1650.

Posted by HowIn > 2014-12-15 22:58 | Report Abuse

so mean today parkson rise is due to management 托市 (hang the share price).. if continue drop and use this strategic, they will very soon cant sustain the share buy back..

Posted by HowIn > 2014-12-16 10:27 | Report Abuse

lol.. why t3/t4? dont tell me they use contra?