PARKSON HOLDINGS BHD

KLSE (MYR): PARKSON (5657)

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Last Price

0.18

Today's Change

-0.005 (2.70%)

Day's Change

0.175 - 0.18

Trading Volume

354,100


15 people like this.

13,051 comment(s). Last comment by I_like_dividend 5 hours ago

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-06 01:26 | Report Abuse

newbie sure like me lol, now i learned, hope parkson this coming qr can be a good good good good good good net profit for me, with this share bonus conjunction , I beleive go back to one ringgit is a easy job for parkson. parkson ADD OIL, faster climb back to rm1.00 or above, dont always let your supporters down, keep going parkson

TheContrarian

9,497 posts

Posted by TheContrarian > 2016-08-06 08:11 | Report Abuse

Angielim, hope William Chen reads your post.

Parkson

454 posts

Posted by Parkson > 2016-08-06 18:42 | Report Abuse

New Parkson to be opened in Sunway Velocity.
http://www.thestar.com.my/business/business-news/2016/08/06/2-giant-malls-to-open-in-cheras/

Parkson

454 posts

Posted by Parkson > 2016-08-06 19:08 | Report Abuse

Closing down an unprofitable outlet is easier than selling whole shopping mall when it gets empty. If you go to Penang, One Stop is one example of abandoned shopping mall despite 20 years ago business is very good there. So can any Parkson shareholders take trouble to ask whether all Parkson outlets are making money(even in M'sia). Those not making money must close down even workers will lose job.

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-06 19:55 | Report Abuse

all the best parkson supportes

yucaihacai

355 posts

Posted by yucaihacai > 2016-08-07 10:41 | Report Abuse

ks55 bolot

paperplane2016

21,659 posts

Posted by paperplane2016 > 2016-08-07 12:03 | Report Abuse

Low life ks55 here again.

Posted by buddyinvest > 2016-08-07 12:10 | Report Abuse

Low energy

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-07 16:43 | Report Abuse

parkson go go go , break rm1.00 please , I am waiting so long since last year , now got share bonus , next time dividend cash and follow with good result, come one parkson go go go , hope all the best

Posted by I_like_dividend > 2016-08-07 16:49 | Report Abuse

5% share dividend coming soon. So cheap can still buy.

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-08 00:11 | Report Abuse

Agreed. Sure limited up. Good news please come

ivan9511

3,854 posts

Posted by ivan9511 > 2016-08-08 01:44 | Report Abuse

gap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap upgap up gap up !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
gap upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
limit uppppppppppppppppppppppppp

Posted by Lenglui_KL > 2016-08-08 04:38 | Report Abuse

Up up I like go Parkson shopping.

ivan9511

3,854 posts

Posted by ivan9511 > 2016-08-08 19:39 | Report Abuse

wa lau, today lagi banyak sbb, tomorrow sure gap uppppppppppppp

Alex Tan

31 posts

Posted by Alex Tan > 2016-08-12 14:27 |

Post removed.Why?

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-13 02:41 | Report Abuse

parkson next week seem need prepared more and more money for sbb
because today last day bonus also no limit up
is very sad to see many good & bad and penny counters keep celebrate of limit up only Parkson eat sendiri alone,
many loss counters also can limit up a few times
but Parkson only Sbb tahan only seem no hope, speechless .......................................................
sad

yucaihacai

355 posts

Posted by yucaihacai > 2016-08-15 20:10 | Report Abuse

Sold Parkson at 0.835, thanks to company SBB. Thank you very much !

berjaya

157 posts

Posted by berjaya > 2016-08-16 10:52 | Report Abuse

Aaaaa....I just a little shareholder of parkson with happy to get some share dividend.

Posted by sharebuyback > 2016-08-16 16:17 | Report Abuse

Each round 5% share dividend mean William Cheng increase his share holding by 5% from about 60% to about 63% meaning he get closer to privatization.

ivan9511

3,854 posts

Posted by ivan9511 > 2016-08-16 21:21 | Report Abuse

berjaya haha, WC will know our loyaty , if private hope give us back 1.50 per share since we hold many years from high price

berjaya

157 posts

Posted by berjaya > 2016-08-17 11:07 | Report Abuse

Probably sell down investors just wake up.. start sell down haha

Parkson

454 posts

Posted by Parkson > 2016-08-17 22:18 | Report Abuse

yucaihacai why you never shout buy today? Today 79 sen is lower than your last bought price.

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 5, 2016 07:35 PM | Report Abuse
bought Parkson at 0.81
http://klse.i3investor.com/servlets/cube/post/yucaihacai.jsp

Parkson

454 posts

Posted by Parkson > 2016-08-17 22:24 | Report Abuse

berjaya most postings here are rubbish just like in your Berjaya Corp thread. Someone must be cut loss(margin call?) here but dare not admit.

Parkson

454 posts

Posted by Parkson > 2016-08-18 23:07 | Report Abuse

Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD

Date of buy back 18 Aug 2016
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 280,000
Minimum price paid for each share purchased ($$) 0.785
Maximum price paid for each share purchased ($$) 0.785
Total consideration paid ($$) 220,768.86
Number of shares purchased retained in treasury (units) 280,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 57,231,480
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 (%) 5.23000

--------------------------------------------------------------------------------

Announcement Info
Company Name PARKSON HOLDINGS BERHAD
Stock Name PARKSON
Date Announced 18 Aug 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180125

newbie18

127 posts

Posted by newbie18 > 2016-08-19 06:30 | Report Abuse

ks55 as my ID, I need answer. Why
1) Parkson shares buy back keep increase to 5.23% and
2) William Cheng stake 60.62%(not reduce) yet you point so many bad news.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180125
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180069

If you are a university grad please answer q1 and q2 and not anyway you wish.

newbie18

127 posts

Posted by newbie18 > 2016-08-19 06:37 | Report Abuse

berjaya why ks55 every time is here and not promoting his counters elsewhere? Is he poor and not holding any counters?

newbie18

127 posts

Posted by newbie18 > 2016-08-19 06:42 | Report Abuse

Thin line between kitchen-sinking and possible abuse

By Cheah Chor Sooi
Friday, 19 Aug 2016, 12:30 AM

Financial commentators have attributed Tesco’s £6.4 bil FY14 pre-tax loss to a kitchen-sinking exercise by chief executive Dave Lewis

Kitchen-sinking – an accounting strategy to lump all bad news/losses at one-go so a company can start with a clean slate – has not gone unnoticed by smarten-up investors and analysts.

Although such exercise is not deemed unscrupulous because listed companies have to abide by stringent accounting standards or code of conduct, the tendency of kitchen-sinking being carried out on the final financial quarter – as opposed to being spread out throughout the whole financial year – has raised eyebrows.

Some market observers are concerned that “big-scale kitchen-sinking” could hurt market sentiment of the affected counter and if left unchecked could pave the way for unscrupulous parties to manipulate stock prices. For example, investors – reeling from shock that their stock has incurred massive losses – may react by disposing their entire stockholding at any cost.

This would enable syndicates to mop up their shareholding and walk away with handsome gains when the share price recovers.

- See more at: http://www.focusmalaysia.my/Markets/Thin%20line%20between%20kitchen-sinking%20and%20possible%20abuse#sthash.lsy12qvG.dpuf
Is Parkson 1 of them? Why almost everyday shares buyback despite so many bad news?

yucaihacai

355 posts

Posted by yucaihacai > 2016-08-19 10:50 | Report Abuse

bought Parkson at 79.5 sen

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-21 16:22 | Report Abuse

berjaya , hi friend ,I also feel parkson will give out good and excellent reports , china economy is getting better now

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-21 18:45 | Report Abuse

ks55 what is SOP stand for ?

Pen6

239 posts

Posted by Pen6 > 2016-08-21 21:59 | Report Abuse

If it is POS, I know......poslaju to Holland, ok.

Posted by sharebuyback > 2016-08-21 23:10 | Report Abuse

Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD

Date of buy back 19 Aug 2016
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 190,000
Minimum price paid for each share purchased ($$) 0.795
Maximum price paid for each share purchased ($$) 0.795
Total consideration paid ($$) 151,730.38
Number of shares purchased retained in treasury (units) 190,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 57,421,480
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 (%)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5181441

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-22 01:06 | Report Abuse

ks55 thanks for your expalnation

thankls
thanks

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-22 01:17 | Report Abuse

We remain Neutral on Parkson with TP of RM0.88, based on 14x multiple of our FY17F EPS.
Strategies moving forward. Among plans put in place to improve overall operational and financial performances include i) store network review, ii) empowering human resources and iii) enhancing cost management. PRG closed down 2 underperforming stores in 1HFY16, and is continuously reviewing department store opening plans going forward, such as balancing allocation of resources in improving existing stores and developing new retail formats. PRG also acknowledges human resources as a factor, resulting in increased investment in talents and trainings. PRG has also rolled out a cost rationalization exercise, which primarily focuses on lease agreement renegotiations, especially for underperforming stores.

Source: PublicInvest Research - 18 Aug 2016

be patience , Parkson is getting better,
matbe will reach 1.00 end of this year

Parkson

454 posts

Posted by Parkson > 2016-08-22 10:50 | Report Abuse

Parkson has plans for China business put in place
http://www.theedgemarkets.com/my/article/parkson-has-plans-china-business-put-place

Parkson

454 posts

Posted by Parkson > 2016-08-22 11:17 | Report Abuse

Parkson Retail Asia returns to profitability in full year after one-off gain on disposal
http://www.theedgemarkets.com/my/article/parkson-retail-asia-returns-profitability-full-year-after-one-gain-disposal

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-22 19:05 | Report Abuse

again today contra kaki win, parkson and loyal sharehlders same as usual never win .

Posted by sharebuyback > 2016-08-23 05:47 | Report Abuse

Notice of Shares Buy Back - Immediate Announcement

PARKSON HOLDINGS BERHAD


Date of buy back 22 Aug 2016
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 190,000
Minimum price paid for each share purchased ($$) 0.780
Maximum price paid for each share purchased ($$) 0.780
Total consideration paid ($$) 148,867.41
Number of shares purchased retained in treasury (units) 190,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 57,611,480
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 (%) 5.270
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5182773

nosh

4 posts

Posted by nosh > 2016-08-23 09:39 | Report Abuse

What happened to their Parkson online venture? They invested a lot of money into the software and operations. No follow through?

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-23 14:06 | Report Abuse

Berjaya. 55is the contra fast in fast out kaki. Parkson loss to him la cause every day sbb mah. 55 not like us hold for long term one la.
Just my personal views . If wrong please correct me ya

sostupid

447 posts

Posted by sostupid > 2016-08-23 16:57 | Report Abuse

As for parkson, what you don't need now you will not need it later on. See whether you need it now or not, if not if you invest in parkson now which is what you don't need to do now, your investment now will become redundant in the future. You can only analyse the past and the present condition but you can not analyse the future because the future is something that has not happened. What you don't need now please don't buy now or else you will regret later. To buy parkson, see whether you need Parkson now or not? For me, I don't need Parkson now so I don't need to worry about tomorrow of what I don't need now. Investment is actually common sense, hah?

sostupid

447 posts

Posted by sostupid > 2016-08-23 17:05 | Report Abuse

When you are performing a service to others, please "Do what you love" because even if others are not grateful after you did performed the service for him you can still be happy by beginning with doing what you love. This is the reason for why he said that:

Warren Buffett once said, “Work at a job you love.” Why would a billionaire say this? I believe it is because he understands nothing can bring you happiness if you spend your life in misery.

Never risk the important for the unnecessary.

When you have all of your necessities, do not go out and risk it all for a temporary moment of pleasure, or from a fit of rage. Use good judgement. Use common sense. This seems to be rare these days.

1. Stop Digging That Hole


We keep things difficult by digging those big ol’ holes for ourselves. Buffet teaches that, The most important thing to do if you find yourself in a hole is to stop digging.


Ultimately, of course, it’d be terrific to notice when we start digging another hole to begin with, no? It’s possible, with mindful awareness of direct experience in the moments of our lives.


2. Change Boats


When we’re paying good attention to what’s occurring right in front of us, it’s much easier to make wise choices. Buffet’s mindful advice about noticing a problem? Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.


Change boats when necessary. A lot of us have the idea that we’re supposed to stick it out, for whatever reasons, sometimes forever. Perhaps that’s not actually true, at least not for you, today, in this or that situation. Can you tell the difference?


3. Use Superpower Sight


Among other things, Buffet knows how to use discernment in order to spot nuances. I don’t look to jump over seven-foot bars: I look around for one-foot bars that I can step over.

Angielim9955

2,049 posts

Posted by Angielim9955 > 2016-08-23 21:31 | Report Abuse

I think what our last hope is maybe P just an private his own P and give us back good price let say 1.40 should be consider ok.
because hold so much own share , outside not much shares now, so easy to private and let him play himself , I surrender liao la ,
haha
just my view la

nosh

4 posts

Posted by nosh > 2016-08-24 18:17 | Report Abuse

Going private seems to be the only recourse now. I am a business consultant, and I always tell those 'stubborn' retail companies this:

"Your retail business is not affected by online sellers. You are affected by a disease called complacency."

calvintaneng

56,561 posts

Posted by calvintaneng > 2016-08-24 19:15 | Report Abuse

Another set of bad result out!

Revenue increased

Losses increased. What is this? Sell more losing even more money?

Revenue increased should be followed by increasing profit.not increasing losses!!

This confirms that online shopping is the demise of Parkson.

And NTA eroded further. If Parkson does not stop and change all NTA will be gone into smoke!

Better change the business model or face certain doom.

berjaya

157 posts

Posted by berjaya > 2016-08-24 20:29 | Report Abuse

Haha.. ks55 really a supporter of parkson and lion group.

Mat Cendana

2,340 posts

Posted by Mat Cendana > 2016-08-25 09:51 | Report Abuse

I had a quick look at Lion Diversified's results. Massive loss due to impairments. Especially Receivables. From whom is the money supposed to be from? Or is this something from within the Lion gang - left hand lending to the right, which then loses it?

The share buy-back sounds really out of place. Lion Div's NTA is now NEGATIVE. Just wondering where they are going to get the money from to buy the shares.

jwyap

838 posts

Posted by jwyap > 2016-08-25 10:22 | Report Abuse

without court sued and n impaired all 300m, it is legal .

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