Department stores in China are generally making loss now..Wanda Group, owned by the richest guy in China, was closed about 40 departments stores last month due to severe loses..so we cant expect the business recovery so soon...
sunnygal are you someone buying IFCA at RM 1.50? Why you promote here? I never buy any IFCA product throughout my life. I can swear to you I have bought Parkson shirt even this year.
William Cheng still bought Parkson as recent as this month even at 20% higher price than currently. Does he don't know what is happening(something bad as sunnygal said?) in Parkson?
Parkson sunnygal are you someone buying IFCA at RM 1.50? Why you promote here? I never buy any IFCA product throughout my life. I can swear to you I have bought Parkson shirt even this year. 23/09/2015 10:41
i am the one going to sell ifca at Rm 1.2.....i dont care u bought how many parkson SHIRTS or SHITS...even u bought the whole company, this SHARE gonna fall some more...
bluechip last time until penny cheap. I advise their management better resign or sell off everything, at least shareholder can get something. how they manage company until penny stock now? Really smart there.
I heard from other forums Parkson has many loyal Malay shoppers among their customers but not Chinese like i3 forumers. Since Malaysian has more Malays than Chinese nothing to be worried about Parkson sales.
Why when I visited Parkson last week and yesterday it was crowded with people? Perhaps 3.00 pm less people want to go shopping. More people will like to go shopping near lunch or dinner hour. Also possible is festival(Hari Raya Haji) just gone last week so drop in crowd(time also possible) is expected. When nearer Deepavali see crowd moving up again.
Anyway PRA(listed Parkson in M'sia) is the one Parkson will sell to PRGL.
If study last QR sales actually Parkson sales still up year on year. No wonder WC(or his subsidiaries) is willing to buy more from those who want to sell at 10 year lowest price.(cut loss for someone a wise move?) http://klse.i3investor.com/servlets/stk/fin/5657.jsp
Just keep accumulate. The company has good asset and rich in cash. Turnaround story will happen in this company. Is a stock to keep for long term if u are a value investor.
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....
Parkson
454 posts
Posted by Parkson > 2015-09-22 21:34 | Report Abuse
PRA sold to PRGL at 50sen now only 33sen. Is Parkson making a wise move?
http://www.bloomberg.com/quote/PRA:SP
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4804717