We revised PHB’s FY16F-18F earnings downwards by 38-42%, mainly attributed to PRG’s weak performance, and considering the longer-than-expected turnaround period on the back of challenging retail landscape. Although we believe that recent setbacks have well been priced in, we do not expect share price to recover anytime soon given the bleak outlook. We thus downgrade to Neutral with a lower TP of RM0.88 pegged to our FY17F EPS, while keeping close view on signs of recovery in China consumption pattern.
Thirty Largest Registered Shareholders as at 30 September 2015 Registered Shareholders No. of Shares % of Shares* 25. Lee Shin Cheng @ Lee Leong 7,201,300 0.66
Among Parkson top 30 shareholders in latest AR IOI Tan Sri Lee Shin Cheng is the richest; a billionaire himself far richer than Parkson William Cheng. Those who want to sell at cheapest price now I believe Tan Sri Leeis happy to accumulate.
Shares buy back(1.71%) still continue everyday meaning Parkson still cash rich. Those who sell now can help Parkson to use even less money for buying back shares so Parkson cash can last longer.
Notice of Shares Buy Back - Immediate Announcement PARKSON HOLDINGS BERHAD
Date of buy back 23 Feb 2016 Description of shares purchased Ordinary shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 100,000 Minimum price paid for each share purchased ($$) 0.935 Maximum price paid for each share purchased ($$) 0.935 Total consideration paid ($$) 94,218.39 Number of shares purchased retained in treasury (units) 100,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 18,743,480 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 (%) 1.71000 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5006533
Those who sell now or even lower you are the 1 suffering loss not WC, Parkson, ks55 or PublicInvest. Are you sure you sure can gain money buying other stocks? Brokerage and stamp duty loss is sure thing.
Parkson market price meet lower again but still got royalty supporter continuing buy in....... if understand the market movement that mean never facing losses.... but only ks55 know the movement.
smallfrysmellgood Holland open new parkson branch Meh? 24/02/2016 15:42 This is good, it cheer me, two thumps up to you. Let us wait for parkson new branch opened for business someday later. Ho ho ho holand yeh.
U can check backed back parkson teasury, highest is around 7 to 8% and they dispose thier buy back at higher price. Now teasury total less 2%. If u really wan to average may I suggest u to only average when teasury share abv 3%. Or maybe hit 90 sen only average...no point to average now
Parkson posts 2Q loss, revenue up on year at RM1.04b By Gho Chee Yuan / theedgemarkets.com | February 24, 2016 : 7:24 PM MYT
Translated by Google Translator: 选择语言▼ KUALA LUMPUR (Feb 24): Parkson Holdings Bhd posted a net loss of RM31.44 million in the second quarter ended Dec 31, 2015 (2QFY16), as the retail group registered losses in its operations abroad.
In a statement to Bursa Malaysia today, Parkson said the net loss compared to a net profit of RM110.61 million a year earlier. Revenue rose to RM1.04 billion, from RM981.68 million.
During 2QFY16, Parkson said its retail operations in China, Vietnam, Myanmar and Indonesia reported losses. Malaysian operations however, posted profit during the quarter.
For 1HFY16, Parkson's group net profit fell to RM31.85 million, from RM130.82 million a year earlier. Revenue was up at RM1.97 billion, from RM1.83 billion.
Parkson said its Malaysian operations recorded a revenue of RM448 million, with lower operating profit at RM30 million, on "subdued consumer sentiment."
This followed implementation of the goods and services tax, as the ringgit and commodity prices weakened.
Looking ahead, Parkson expects its retail division to record "satisfactory performance", in view of higher consumer spending during the Chinese New Year.
Parkson said it planned to foster "close business partnerships with leading sector players" to grow its business.
At 5pm today, Parkson shares fell 1.5 sen or 2% to close at 92 sen, for a market capitalisation of RM989.1 million. The stock saw 1.71 million shares traded.
When Parkson hit low price share buyback increase to 475K from below 100K past few weeks showing Parkson management now know how not to spend too much cash unnecessarily to maintain price.
hi guys , I also loss many at Parkson counter, I also know parkson made loss money recent report. But do you know wtf still everyday share buy back by their big shareholder, dont they know their company loss money or they want to private Pakson soon
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....
Pen6
239 posts
Posted by Pen6 > 2016-02-22 23:49 | Report Abuse
May be try .92 tomorrow ok, rm92 hen gong huat, Ada kuat? Ada kaya?