Posted by ganasai > 2013-08-23 16:33 | Report Abuse

bad performance + bad market = drop more. Long long term, ok.

Posted by mm310 > 2013-08-23 16:36 | Report Abuse

really would take long long term...

Posted by saufi74 > 2013-08-23 17:12 | Report Abuse

I'm waiting below rm3....

Posted by johotin88 > 2013-08-23 23:21 | Report Abuse

Why always last minute pull down ??
I will queue at 2.95 every day haha

Posted by thinkndo > 2013-08-23 23:27 | Report Abuse

Guess it has two more support levels to break 3.20 and 3.00......

Posted by Stephen Cheong Chee Weng > 2013-08-25 13:42 | Report Abuse

Confident on this share....Start buying

Posted by maradonut > 2013-08-25 18:08 | Report Abuse

Don't worry guys. Going up soon

Posted by prm1 > 2013-08-26 12:47 | Report Abuse

The prolong sold down has overly done. Even if the coming quarterly report is without positive surprise, it is still under value.

Posted by ww_guy > 2013-08-26 17:15 | Report Abuse

it continue drop for 10 days....q at 2.50 should be secure enough...

Posted by dai_soh > 2013-08-26 17:58 | Report Abuse

q at 2.50 until Q4 result out.

Posted by yfchong > 2013-08-27 09:18 | Report Abuse

Test of 3.20 reached, now up or down ?

Posted by haikeyila > 2013-08-27 11:07 | Report Abuse

anyone here knows CPR?

Posted by garfield282004 > 2013-08-27 11:15 | Report Abuse

Please keep in mind that Global market on down trend mood, please plan your entry point. The bear moving slow and steady, seems not ending so soon.

Posted by Winner > 2013-08-27 17:30 | Report Abuse

Drop below RM3.00 is imminent....stay away.

Posted by hng33 > 2013-08-27 17:32 | Report Abuse

Q4 EPS just 2.79sen !?

Posted by haikeyila > 2013-08-27 17:33 | Report Abuse

alarming as predicted

Posted by benson911 > 2013-08-27 19:39 | Report Abuse

Dont knw 2moro will drop until wat price~

Posted by Tang Khangseng > 2013-08-27 20:56 | Report Abuse

EPS is quite a shock...

Posted by tommychin > 2013-08-27 21:17 | Report Abuse

Not a good price to entry now.

Posted by yfchong > 2013-08-27 21:53 | Report Abuse

Dun know got panic selling

Posted by JimYeoh > 2013-08-27 21:54 | Report Abuse

wait at below 3

Posted by fcwong > 2013-08-27 23:07 | Report Abuse

Actually d revenue not so bad, but d profit drop so much.
Maybe because of expenses of d company to open new market.
Anyway, there is challenges for d company since ppl tend to shopping through Internet.

Posted by Tang Khangseng > 2013-08-27 23:24 | Report Abuse

Operating profit drop so much, even with better revenue...does it mean less in profit margin? Finance cost also increase quite a lot..

Posted by yfchong > 2013-08-28 09:09 | Report Abuse

Today morning dump until cannot trace the tracking line, tension lah, see until 10am how is nikkei doing ?

Posted by prm1 > 2013-08-28 12:58 | Report Abuse

PublicInvest Research - 28 Aug 2013: Met expectation with TP RM4.17

Posted by Woon Wei Kian > 2013-08-28 13:09 | Report Abuse

The adverse drop in profit, coupled by the bearish market will render this counter low for some time. Those who had brought it earlier, just hold and reap its dividends - it should go up eventually.

Posted by mm310 > 2013-08-28 14:02 | Report Abuse

will it drop below 3.00 ?

Posted by Leesk > 2013-08-28 18:24 | Report Abuse

looking @ the latest financials, the company has borrowing of RM 500 million in us currency will be hit as Ringgit has weaken a lot. Not sure that the has hedge the borrowings>

Posted by maradonut > 2013-08-28 19:58 | Report Abuse

PublicInvest revises Parkson to Outperform, says worst is over

KUALA LUMPUR: Following Parkson Holding’s latest quarter results which saw FY13 full-year earnings drop 36.7% to RM240.5mil year-on-year on weaker sales in China, PublicInvest Research says it believes the company’s performance has bottomed out and is upgrading its recommendation to Outperform.

Target price is, however, unchanged at RM4.17 for the stock, which closed Tuesday at RM3.30.

It says the company managed to end on a brighter note despite the expected weak China performance, with full year 2013 results meeting 101% and 98% of its revenue and earnings estimates for FY13.

According to the research house, year-on-year growth in revenues was marginal at 2%, or RM3.5bil, due to unfavourable global sentiments and weaker discretionary spending. In addition, operating margin was lower from 1) the opening of seven new stores (four in China, and one each in Malaysia, Indonesia, and Myanmar) in the financial year, 2) higher rental expense, and 3) rise in wages.

Same store sales growth (SSSG) saw negative contributions from China and Vietnam, but Malaysia saw a growth of 4.5% and Indonesia 5.6%.

Sales in China are expected to improve with the reopening this year of Parkson’s flagship stores in Shanghai and Beijing. And the company is continuing to expand with another five to six stores in China and 10 in South-East Asia. Its Sri Lanka operations will also see expansions.

Meanwhile, the property and investment holding division registered RM33mil in revenues from the high occupancy rate at KL Festival City.

“We do like Parkson for its 1) strong balance sheet, with net cash of around RM1bil, 2) growth plans to expand Parkson Retail Asia’s contribution and its property and investment divisions which could see more value in the medium term, and 3) catalyst from most Asean governments encouraging consumption growth,” it says.

Posted by maradonut > 2013-09-04 10:51 | Report Abuse

soon 4.70

Posted by OSWALD > 2013-09-04 13:07 | Report Abuse

http://www.theedgemalaysia.com/business-news/253108-china-services-pmi-at-5-month-high-adds-to-signs-of-recovery.html
Not bad..I have one (& only one) counter green colour

Posted by lching > 2013-09-09 22:05 | Report Abuse

icapital hold this stock for so long.

Posted by rlch > 2013-09-09 23:15 | Report Abuse

Tabung Haji, GIC and major shareholder buying. Worst is over?

Posted by angkor > 2013-09-10 17:47 | Report Abuse

parkson slowly climbing up... good sign... thanks to good China data also

Posted by prm1 > 2013-09-11 14:30 | Report Abuse

Slowly and steadily moving up.

Posted by Leesk > 2013-09-11 16:27 | Report Abuse

Would it be the start of momentum for the price to rise? Anybody

Posted by pputeh > 2013-09-12 15:02 | Report Abuse

Seems on the move for the past 3 days. good sign I hope

Posted by Lai Kim Chuan > 2013-09-12 15:19 | Report Abuse

Welcome back, Parkson!! Fortunately not sell last month, now fully recovered the loss and got profit some more, time to move...!!!

Posted by metroview > 2013-09-12 15:43 | Report Abuse

Able to hit 4.00??

Posted by angkor > 2013-09-12 16:01 | Report Abuse

Good sign of uptrend. Technical looking good. Target 4.20 in making...

Posted by chang0509 > 2013-09-12 19:39 | Report Abuse

Bravo parkson. Keep for long term gain.

Posted by AlanT33 > 2013-09-12 23:43 | Report Abuse

dead cat bounce?

Posted by mfcheong1960 > 2013-09-12 23:59 | Report Abuse

looks like it

Posted by chang0509 > 2013-09-13 20:00 | Report Abuse

Dragon wakes up.

Posted by 1738analyst > 2013-09-15 13:32 | Report Abuse

I like Parkson. Solid, Potential & Reliable.

Posted by 文耀 > 2013-09-17 14:42 | Report Abuse

ya...can put in long term.

Posted by 文耀 > 2013-09-17 16:50 | Report Abuse

wow....someone push it up....pls buy with caution....up for few days dy....I wonder what news coming...

Posted by 1738analyst > 2013-09-18 04:03 | Report Abuse

Most probably cause by shares bought back......

Posted by Leesk > 2013-09-18 12:01 | Report Abuse

profit taking now after quite a run up in prices. Hope there would be a next push .

Posted by OSWALD > 2013-09-19 17:35 | Report Abuse

Parkson has come back from Holland.