Posted by Mat Cendana > 2016-02-15 11:34 | Report Abuse

At least Parkson is doing better than Shell which I had bought recently. For now. Which brings me to what we can learn from both so as to be better investors/traders/speculators. These are what I have learnt:

1) Don't buy anything that's on a downtrend and with the support line not proven yet. While it's true that we don't know the future, technical analysis does help with our decisions. With Parkson, the support level isn't known yet. Could be at this level, could be some way to go.

2) Should we decide to buy something for whatever reasons which we think are valid, must still have a cut-loss in place. No matter how good and confident we feel about a counter. This cut-loss should be based on the support as shown in the technical charts. Or an arbitrary number (like 8%, 10% below buying price).

With Parkson, if one had bought at 2.00, he should have set a cut-loss at a point just below the previous support line during that time. Would have saved from suffering the pain of seeing it slowly slide. That's the danger when counters slide SLOWLY like this - the investor tends to wait. Minus one sen every two weeks doesn't look bad. But it adds up over time. Might be `better' had there been a sudden drop - the investor might be stimulated into doing something immediately.

The discipline is critical - something which I must improve on. If not, I shouldn't be risking most of my capital on anything. Had bought Shell at 3.64. Had decided on the cut-loss (below 3.40, which was the support at that time). Normally I would have done that. But with Shell, I didn't. The result: Padan muka... It's fortunate that I didn't risk serious money with that one else I'd be in trouble right now.

3) Don't average down but average up. "If 2.00 had looked like a good price, then 95 sen is even better"...? Not so if it gets even lower. Nobody likes to be wrong. But we must put ego aside and be practical when it comes to protecting our capital, and trying to make a profit in the market. One big lesson from experience which I'm sure you all will agree: "Cheap" can always become cheaper. So, don't throw good money after bad. At the very least, wait for a counter to show signs that it has reached a bottom, AND is moving the other way. We may have to pay a higher price, but the probability of making a profit is higher this way.

4) When a counter is on an uptrend, it's on an uptrend. Doesn't matter if it's a stupid company with donkey management. Or even if it's making a loss. If "capital appreciation" is one's main goal, of course, and not dividends. Parkson will find a bottom eventually. And then retrace some of the fall. But the time isn't now. Could be "soon", could be "some time".

Posted by ckkhen > 2016-02-15 11:38 | Report Abuse

Very useful advice. Must put a stop loss in whatever shares we buy. As someone said, "Take care of the downside and the upside will take care of itself."

Posted by Parkson > 2016-02-15 11:56 | Report Abuse

As proven many times ks55 is a liar(many other times he deleted his postings). SSEC does not drop 7% and suspend whole day.
http://finance.yahoo.com/q?s=000001.SS

Posted by ks55 > Feb 11, 2016 10:55 PM | Report Abuse

Regardless you like it or not, SSEC will drop 7% at the first 30 minutes on Monday, then suspend trading for the whole day.
Tuesday's performance will depend on Monday's Wall Street closing........

Good to keep more cash at least until next Wednesday.

Posted by Parkson > 2016-02-15 12:00 | Report Abuse

Top 2 shareholders ie William Cheng and Tabung Haji never sell their holdings in fact increase them in past 6 mths filing.

Posted by Parkson > 2016-02-15 12:05 | Report Abuse

If compare other retailers eg Aeon, Suiwah, The Store, etc Parkson is still the cheapest. Parkson NTA RM 2.73 meaning we are buying a house RM 273K for only RM 94K worth or not judge yourself.

Posted by Parkson > 2016-02-15 14:43 | Report Abuse

Those asking purpose of shares buy back is Parkson think it is undervalue hence need to support buying it everyday. It also means Parkson is putting its cash(everyday buy back need hundred RM K each day) to good use. Each time share dividend top Parkson shareholders increase their shareholdings.

Posted by Mat Cendana > 2016-02-15 16:18 | Report Abuse

@ckkhen If we can get it right every time, life would be perfect. But based on previous experiences, nobody can do that. Except liars. No matter how much research we do on the fundamentals, plus with technical analyst to help with the buying, the market continues to confound and disappoint us time and again. Therefore it makes a lot of sense to have a Plan B.

Just imagine what would have happened with that example - Shell - had one put up a significant part of his capital betting on a rebound, and without a stop-loss in place. And using margin trading some more. We have to take risks to be in the position to make a profit. But capital management and strategy are critical. If we lose, then we lose. But we must ensure we live to fight another day.

Setting (and then executing) a cut-loss point is just one of the strategies, of course. I know of people who generally don't cut loss. My father is one of them (until he retired from Bursa around the end of 2013. Good time to cash out as things turned out). They would just let that purchase get stuck and wait. Often for years! The amazing thing is that, provided these counters didn't get delisted, most would EVENTUALLY turn the way. But most of us don't have this kind of stamina and patience. That means cutting loss early is often the better thing to do. Lick our wounds, regroup and then try again with the capital that was rescued.

Posted by Parkson > 2016-02-16 16:31 | Report Abuse

PRGL up 2 sen today, after increase 11 sen from year lowest. Good QR coming?
http://www.google.com/finance?cid=702594

Posted by Parkson > 2016-02-16 16:34 | Report Abuse

Calculative Chinese only buy new shirts/spend for CNY when near CNY ie Jan or some even in Feb so Q3 2016(Jan-Feb'16) sales is the one we bothered.

Posted by Parkson > 2016-02-17 11:47 | Report Abuse

PRGL up 5 sen today now more expensive than Parkson M'sia in share price.
http://www.google.com/finance?cid=702594

Posted by pypw > 2016-02-17 16:27 | Report Abuse

No eye to see. everyday drop. Lose confident on this counter already.

Posted by Angielim9955 > 2016-02-17 16:40 | Report Abuse

i cant believe this counter still can drop , but please refer to cimb if really at the bottom then will fly back very fast , so i advise just hold this counter, small fish like us no point to sell at this price , i bought above 1 and i decided to wait until it break 1.2

Posted by bearbull > 2016-02-17 18:52 | Report Abuse

I lost this round, alr cutloss 96, overall still earn well in this counter, just beware...its heading 90 sen

Posted by Parkson > 2016-02-17 20:43 | Report Abuse

Recent drop not due to Tan Sri William Cheng selling. He still own 60.87% stake. Those who want to deal in Parkson make sure you have cash o/w you will be victim of force selling.

Changes in Director's Interest (S135)
PARKSON HOLDINGS BERHAD


Information Compiled By KLSE

Particulars of Director
Name TAN SRI CHENG HENG JEM
Address A-16-1, Blok A, Satu Residensi
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
Kuala Lumpur
50200 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM1.00 each

Details of changes
Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change No of securities Price Transacted (RM)
Disposed 16/02/2016 520,000 0.950
Acquired 16/02/2016 520,000 0.950

Circumstances by reason of which change has occurred (1) Disposal of shares by Tan Sri Cheng Heng Jem
(2) Acquisition of shares by Trillionvest Sdn Bhd, a company in which Tan Sri Cheng Heng Jem has a substantial interest

Nature of interest (1) Direct
(2) Indirect

Consideration (if any)
Total no of securities after change
Direct (units) 354,265,266
Direct (%) 32.940
Indirect/deemed interest (units) 300,444,529
Indirect/deemed interest (%) 27.930
Date of notice 17/02/2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002045

Posted by Parkson > 2016-02-18 19:52 | Report Abuse

WC also bought 520K. Why miss out by ks55? He blind is it? Today more buyback. Parkson could be privatized soon.

Posted by Parkson > 2016-02-18 21:33 | Report Abuse

Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD

Date of buy back 18 Feb 2016
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 120,000
Minimum price paid for each share purchased ($$) 0.930
Maximum price paid for each share purchased ($$) 0.930
Total consideration paid ($$) 112,102.38
Number of shares purchased retained in treasury (units) 120,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 18,513,480
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.69000
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5003101

Posted by bearbull > 2016-02-18 21:43 | Report Abuse

Wait sharebuy reach 3% then I look back this counter

Posted by Andyghk > 2016-02-18 22:32 | Report Abuse

Market price 93 cents is lower ,any one can make profit ? How to make profit if Parkson continuing move down ward...... do you believe someone continuing make profit again and again.... do you know share price moving down also can make money....

Posted by Andyghk > 2016-02-18 22:34 | Report Abuse

Gambling can buy big or small...... share price also can buy up or down.

Posted by Andyghk > 2016-02-18 22:37 | Report Abuse

If you want investment better choose public bank ,klk, hl bank.....don't lose the money here.....

Posted by Parkson > 2016-02-18 22:43 | Report Abuse

Andyghk sure you own PBB, KLK, HL Bank? Why I don't see your posts there?

Andyghk If you want investment better choose public bank ,klk, hl bank.....don't lose the money here.....
18/02/2016 22:37

Posted by Parkson > 2016-02-18 22:45 | Report Abuse

Everyone has their own taste you cannot force others to follow you. I like to shop at Parkson so cannot force me to shop at Padini, HM or elsewhere.

Posted by Parkson > 2016-02-18 22:49 | Report Abuse

Thirty Largest Registered Shareholders as at 30 September 2015
Registered Shareholders No. of Shares % of Shares*
1. AMSEC Nominees (Tempatan) Sdn Bhd 136,083,553 12.46
AmTrustee Berhad for Cheng Heng Jem
2. Lembaga Tabung Haji 95,218,780 8.71
3. UOB Kay Hian Nominees (Tempatan) Sdn Bhd 83,906,661 7.68
Exempt AN for UOB Kay Hian Pte Ltd (A/C Clients)
4. Kenanga Nominees (Tempatan) Sdn Bhd 63,716,378 5.83
Pledged Securities Account for Cheng Heng Jem
5. Affin Hwang Nominees (Tempatan) Sdn Bhd 56,750,284 5.19
Pledged Securities Account for Cheng Heng Jem (M09)
6. HSBC Nominees (Tempatan) Sdn Bhd 54,450,708 4.98
Pledged Securities Account for Cheng Heng Jem (105-710073)
7. AMSEC Nominees (Asing) Sdn Bhd 50,235,202 4.60
AmTrustee Berhad for Excel Step Investments Limited
8. RHB Nominees (Tempatan) Sdn Bhd 38,955,000 3.57
OSK Capital Sdn Bhd for Amsteel Mills Sdn Bhd
9. RHB Nominees (Tempatan) Sdn Bhd 28,220,337 2.58
OSK Capital Sdn Bhd for Lion Industries Corporation Berhad
10. Citigroup Nominees (Tempatan) Sdn Bhd 27,616,747 2.53
Employees Provident Fund Board
11. RHB Nominees (Tempatan) Sdn Bhd 19,482,987 1.78
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 1
12. RHB Nominees (Tempatan) Sdn Bhd 19,151,179 1.75
Industrial and Commercial Bank of China (Malaysia) Berhad
Pledged Securities Account for Cheng Heng Jem
13. RHB Nominees (Tempatan) Sdn Bhd 19,057,821 1.74
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 2
14. HSBC Nominees (Tempatan) Sdn Bhd 14,251,117 1.30
HSBC (M) Trustee Bhd for RHB Kidsave Trust
15. Alliancegroup Nominees (Tempatan) Sdn Bhd 13,728,721 1.26
Pledged Securities Account for Cheng Heng Jem (8119566)
16. MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd 12,807,861 1.17
Pledged Securities Account for Tan Sri Cheng Heng Jem (MGN-WCH0004M)
17. Amanahraya Trustees Berhad 12,339,714 1.13
Public Islamic Dividend Fund
18. Alliancegroup Nominees (Tempatan) Sdn Bhd 10,580,157 0.97
Pledged Securities Account for Lion Industries Corporation Berhad (8106442)
19. DB (Malaysia) Nominee (Tempatan) Sendirian Berhad 10,230,760 0.94
icapital. biz Berhad
20. Cheng Yong Kim 9,835,345 0.90
21. Maybank Nominees (Tempatan) Sdn Bhd 9,379,251 0.86
Asian Finance Bank Berhad for Trillionvest Sdn Bhd (SF)
22. Cartaban Nominees (Asing) Sdn Bhd 8,100,949 0.74
GIC Private Limited for Government of Singapore (C)
23. Citigroup Nominees (Asing) Sdn Bhd 8,003,627 0.73
CBNY for State Teachers Retirement System of OHIO
24. RHB Nominees (Tempatan) Sdn Bhd 7,478,000 0.68
Pledged Securities Account for Lion Industries Corporation Berhad
25. Lee Shin Cheng @ Lee Leong 7,201,300 0.66
26. Lion Realty Private Limited 6,672,882 0.61
27. HSBC Nominees (Asing) Sdn Bhd 6,504,587 0.60
BBH and Co Boston for Vanguard Emerging Markets Stock Index Fund
28. Citigroup Nominees (Asing) Sdn Bhd 6,253,298 0.57
Exempt AN for Citibank New York (Norges Bank 1)
29. RHB Nominees (Tempatan) Sdn Bhd 6,219,800 0.57
Bank of China (Malaysia) Berhad
Pledged Securities Account for Lion Industries Corporation Bhd - 2
30. RHB Nominees (Tempatan) Sdn Bhd 6,116,850 0.56
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 3

Posted by Parkson > 2016-02-18 22:53 | Report Abuse

Base on 2015 AR, beside WC, Parkson top 30 shareholders are Tabung Haji, ICap(own by Tan Teng Boo), EPF, GIC(S'pore investment fund), Public Mutual, IOI Lee Shin Cheng and others.

Posted by Parkson > 2016-02-18 22:58 | Report Abuse

I trust PublicInvest who own M'sia largest mutual fund. They give TP RM 1.48. We have to be patient.

http://klse.i3investor.com/servlets/ptres/33993.jsp

Posted by Parkson > 2016-02-19 05:23 | Report Abuse

I find out IOI Lee Shin Cheng is the new top 30 shareholders whereas KWAP out compared to 2014. So KWAP selling is the main reason behind Parkson meltdown?

Posted by Parkson > 2016-02-19 05:24 | Report Abuse

IOI shares up a lot in 2016. Will Lee scoop up more Parkson on the cheap?

Posted by Parkson > 2016-02-19 05:41 | Report Abuse

Must ask government to stop paying pension to ks55 since he so hate govn.

Posted by Parkson > 2016-02-19 05:42 | Report Abuse

If Lee takeover Parkson he can build many shopping malls with Parkson as anchor tenant on his oil palm estates.

Posted by Parkson > 2016-02-19 05:50 | Report Abuse

KWAP is selling Parkson at a loss so don't pay pension to ks55 is right move. He never advised them to take profit when above RM 3 but asking them to sell below RM 1.50 or RM 1 how to make money?

Posted by bearbull > 2016-02-19 09:32 | Report Abuse

Small boy dun play big boy game...this multi millionaire can average down and still earn millions. I hope u r one of them Mr parkson. If ur average is high, makesure u have 10 times the amount to average at the lowest point then u got a chance to gain back if the share turn up trend

Posted by StockQueen > 2016-02-19 10:51 | Report Abuse

wow.. how much this parkson can go down? NTA got 2.70+ but this stock trading around 0.93, good to buy?

Posted by Mohd Iqbal > 2016-02-19 12:27 | Report Abuse

when is it going to 50 sen.. i have been waiting since december.. hehe.. bearish ks55 vs bullish parkson.. who will be the winner???

Posted by Diet Pang > 2016-02-19 14:44 | Report Abuse

Just buy and keep for long run... if you have cash.

Posted by ivan9511 > 2016-02-19 17:41 | Report Abuse

Parkson just one more reports show green. You sure win

Posted by ivan9511 > 2016-02-19 17:43 | Report Abuse

I have strong feelings. Parkson this year will give dividend

Posted by goldenshares > 2016-02-21 09:54 | Report Abuse

by the way, where is hooi, ha ha ha

Posted by sinkalan > 2016-02-21 10:36 | Report Abuse

with margin call on willian shares, the worst is not over

i will come in at 40cts, hehe


Posted by Mohd Iqbal > Feb 19, 2016 12:27 PM | Report Abuse

when is it going to 50 sen.. i have been waiting since december.. hehe.. bearish ks55 vs bullish parkson.. who will be the winner???

Posted by ks55 > Feb 19, 2016 11:21 AM | Report Abuse

Fair valuation is 75 sen after taking into consideration PRGL and PRA share price at this moment.

Taking 30% safety margin (mostly as discount to a holding company's valuation), plus a bit of contingency on Qtr Rpt ending Dec 2015, plus the risk of forced selling on pledged securities by Mr William Cheng, safer bet is 50 sen.........

Posted by Parkson > 2016-02-21 11:55 | Report Abuse

Let's DISCOVER our new concept of Gourmet Supermarket, Foodpark by Parkson where you can find fresh fruits, veges, and foods in one beautiful place! Only at ‪#‎ParksonMajuJunctionShoppingMall‬ ‪#‎FoodparkbyParkson‬ ‪#‎GourmetSupermarket‬ ‪#‎NewConcept‬ ‪#‎FreshFoods‬
https://www.facebook.com/parkson/

Posted by Parkson > 2016-02-21 11:57 | Report Abuse

So Parkson is doing what Aeon did ie sell fruits, vege, foods. Hope this is changes to be seen in Parkson stores.

Posted by goldenshares > 2016-02-21 12:21 | Report Abuse

if Parkson follows Tesco, i will consider to support Parkson, :)

Posted by goldenshares > 2016-02-21 12:22 | Report Abuse

Tesco making profit every year, y not ? : )

Posted by bearbull > 2016-02-21 14:09 | Report Abuse

Parkson was a supermrket operator bfr. No surprise they come back. They actually sold the supermarket chain N years ago. Foodpark maju is going for upper income class customer, but so far not able to tackle customers from sogo area, even quiell mall fail too.

Posted by Parkson > 2016-02-22 15:29 | Report Abuse

Wonder why no shareholders ask Parkson to close Parkson at Mahkota Parade. Let the shopping mall sink.

Posted by Parkson > 2016-02-22 15:37 | Report Abuse

IOI Lee is a smart man. He bought when other like KWAP sold at low price just he bought IOI many years back when nobody want it.

Posted by Parkson > 2016-02-22 15:51 | Report Abuse

IOI Lee can choose to buy Aeon at RM 2.60. Why he prefer Parkson at cheaper price?

Posted by yucaihacai > 2016-02-22 18:33 | Report Abuse

bought 10 lot Parkson 0.935 today，看好它第四季业绩表现 ！我们这些鱼仔虾仔玩得起，输得起。不是一些人自以为是给 TP 75仙，到了75仙，又给TP 50仙，没完没了…

Posted by yucaihacai > 2016-02-22 21:54 | Report Abuse

taiko, 10 lot = 10,000 share RM 9350, for me ok, 它站在 93 和 93.5 分，已有4天了，看来已触底，有人一直在这个价位一直收票，假如它再跌，我就敢敢进场。鱼仔虾仔输得起。

Posted by makubex718 > 2016-02-22 21:58 | Report Abuse

i wait rebound liao chase, hope able to do it

Posted by Pen6 > 2016-02-22 23:45 | Report Abuse

Yes, kan kan buy, kan kan buy 101 lots, hahaha earn the whole world money, kan Kansas huat like rocket head, Penang lim, heng ong huat. I buy 1 lot rm 93.00 ok. Not done lah.