this counter has been on a downtrend for three years. their operation in Malaysia is pretty stable, its their overseas market especially China that is the biggest concern now.
has been on a downtrend for three years? are you kidding? did you watch the history?...the price stable at > RM5 for 3 years....it only start drop since last year then stable again for more than half year...this year only start going down for 2nd round...if you want to said downtrend, it happened only for 1.5 year and not the real downtrend continuously
They are moving their business to China and SE Asia which I see its a good sign, EXPANSION ... thus I agree with ww_guy, parkson is not for speculator .
don't mix up the date of result and the date of report released/announced...Q3 (July-August) result only come out on Nov/Dec....we are now comparing Q1 and Q2 result (will released soon) and predict the Q3 result...if you want to wait for Q4 result, please come back only next year
There are 2 major activities occurred here, 1. shares purchased into treasury 2. shares being acquired by the Government of Singapore I think this counter will move up soon. Be alert!
due to today klse market is down....you can see most of the counter are showing red.....those smart ppl waiting for a chance to buy in at low price (not only parkson), while those ppl don't have patient and holding power keep throw out...if you want to throw, throw early (like before 9.30am today), if you throw too late, you will throw at lowest price...instead of throwing at lowest price, why don't keep it? but if you believe market trend is still going down, then can still throw now, then buy again at lower price
depends on whether you have holding power...if you have holding power, then hold and collect more at lower price...for me, i won't throw, i am still observing, wait for the quarter result to come out, then will decide want to collect or not if it hit lower price....need to see which counter has higher chance to go up, then only collect before the market rebound
i visited parkson china, it's great positioning in market and i believe in long run it's good grow. if you are long term investor with holding power should keep (or invest more). I am not sure how well the parkson positioning in Vietnam, anyone visited there before?
I've seen this stock is solid performance but why price keep dropping, PE now is nearly 10. How low can this price goes to? anyway already bought some and will increase more if PE < 10.
Parkson main profit contributor is still from China. However, China economy is now consolidating?and it is affecting the result of Parkson. so the profit in the coming quarter is not going anywhere so affecting the share price.
come on, its been going lowest lower. ive been holding for several months. if u want to ask ppl to hold for 2 years, then ok lah to accumulate. if not, dont bother. plenty more potential stocks to choose from. to INVEST not trade.
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....
haikeyila
1,068 posts
Posted by haikeyila > 2013-07-25 09:45 | Report Abuse
this counter has been on a downtrend for three years. their operation in Malaysia is pretty stable, its their overseas market especially China that is the biggest concern now.