Changing bussiness model to become mall owner is a good move. For example malaysia market, aeon doing a good job with owning mall and rental out portion for profit.
If stalls in malaysia can not make profit close it fast fast, only the employee of parkson loss their job so cruel.. not much to do business no good first affected is worker...
Posted by yucaihacai > Sep 1, 2016 06:42 PM | Report Abuse Sold all contra at 0.73. Thanks to company SBB and the MK musang king. Tomolo continue collect you at 0.72 and below.
02/09/2016 Changes in Sub. S-hldr's Int. (29B) - LLB STEEL INDUSTRIES SDN BHD 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - LION INDUSTRIES CORPORATION BERHAD 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - DYNAMIC HORIZON HOLDINGS LIMITED 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - TAN SRI CHENG HENG JEM 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - TAN SRI CHENG YONG KIM 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - STEELCORP SDN BHD 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - AMSTEEL MILLS SDN BHD 02/09/2016 Changes in Sub. S-hldr's Int. (29B) - LEMBAGA TABUNG HAJI 02/09/2016 Changes in Director's Interest (S135) - OOI KIM LAI 02/09/2016 Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM
what the heck , is they keep buying parkson share or what ?
very weird for them buying parkson, so what now, restuctured successfully or this is the strategy for them can easier when want private parkson if really private , for me I personally feel the fair value for retailers maybe around rm1.50
Angielim, those substantial shareholders didn't buy any additional shares. They are merely announcing their portion of "dividend shares" credited to them.
parkson you must all the way to 1.00, if not , people everyday contract take a lot of benefit from here and our loyal shareholders will hate you as I hold Parkson more than one year form high price and still loyal with parkson hope parkson can same with aeon both also very good counter ?
For me , parkson still can buy, last time almost 6.00 ringgit , got biz all over the world not only here, network is big , just restutured then become superstar
4pm, hope today closed high hope is 0.79 today add oil parkson ,previously king of shopping center and king of steel coming back now and keep flying high hahahah
Yes. Parkson boss told press that parkson share price is undervalued by public now base on their debts and nta value. Is parkson situation like aa last year. If parkson can successfully turn in net profit. I just hope all the best. Because I also wonder
parkson got network all over the world, I very hard to believe will go down , just now wait china awake then go back rm1.00 should be ok ? just my 2sense
Parkson kicked to the corner by Alibaba, Viet Nam venture did not shine as expected, Malaysia Parkson also half dying. Megasteel closed also due to China. Life is getting tough for Tan Sri.
but parkson claim will restutured their biz strategy , hope successfull last time parkson share very powerfull such big group cannot said want die easlier , hope miracle bursa always happen , suddenly limit up also happen many times
regarding this : PARKSON - OTHERS Announcement by Parkson Retail Group Limited - Very Substantial Disposal: Disposal of the Entire Equity Interests in a Wholly-Owned PRC Subsidiary and the relevant Shareholder's Loan Back Stock Name: PARKSON Company: PARKSON HOLDINGS BHD Date: September 13, 2016 Category: General Announcement for PLC Subject: OTHERS Reference No: GA1-13092016-00078 Read the full announcement is this a good news ?
Do your homework guys on parkson and you will realise that it's time to be greedy when everyone is getting fearful. BTW, parkson's business generates very good cash flow and is a giant real estate. They're buying back their shares daily. So get smart and pick up the shares before you regret down the road as another big miss, cheers.
Business News Home > Business > Business News Tuesday, 13 September 2016 | MYT 10:13 PM Parkson to get RM300mil earnings boost from HK subsidiary’s unit sale
BY M. HAFIDZ MAHPAR
Parkson's outlet at Vivacity Megamall in Kuching.
KUALA LUMPUR: Parkson Holdings Bhd expects to boost its earnings for the financial year ending June 30, 2017 by RM300mil following its Hong Kong-listed subsidiary Parkson Retail Group Ltd’s (PRGL) “very substantial disposal” of an indirect unit. In a filing with Bursa Malaysia on Tuesday, Parkson said 54.67%-owned PRGL had announced to the Stock Exchange of Hong Kong Ltd the proposed disposal of Beijing Huadesheng Property Management Co Ltd for 1.67 billion yuan (RM1.03bil) plus the total amount of cash and bank balance in Beijing Huadesheng’s accounts as at the handover completion date and the amount of advanced rental taxes refunded by the Chinese governmental authorities to Beijing Huadesheng.
Beijing Huadesheng is involved in property development and property investment.
An EGM will be convened for PRGL shareholders to consider and, if thought fit, to approve the transactions.
The Stock Exchange of Hong Kong Limited (“The HKEx”) on 13 September 2016 by Parkson Retail Group Limited (“PRGL”), a 54.67% owned subsidiary of the Company listed on The HKEx, in relation to Very Substantial Disposal: Disposal of the Entire Equity Interests in a Wholly-Owned PRC Subsidiary and the relevant Shareholder’s Loan (“Transactions”) (“PRGL Announcement”). A copy of the PRGL Announcement is attached herewith.
Unless otherwise stated, the terms used throughout this announcement shall have the same meaning as defined in the PRGL Announcement.
The Board wishes to announce that arising from the Transactions and on the assumption that the Transactions are completed in the financial year ending 30 June 2017:
(a) the earnings of the Parkson Holdings Berhad Group (“Group”) for the financial year ending 30 June 2017 will be higher by approximately RM300 million (28 sen per share);
(b) on a proforma basis, the net assets of the Group based on the audited consolidated statement of financial position as at 30 June 2015 will be higher by approximately RM300 million (29 sen per share);
(c) there is no effect on the issued and paid-up capital and the substantial shareholders’ shareholding in the Company; and
(d) there is no material impact on the gearing of the Group.
(For the purpose of this announcement, the exchange rate of RMB1.00: RM0.61 is assumed)
Please refer attachment below.
Attachments
PRGL Announcement.pdf 86.4 kB
Announcement Info Company Name PARKSON HOLDINGS BERHAD Stock Name PARKSON Date Announced 13 Sep 2016 Category General Announcement for PLC Reference Nu
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....
berjaya
157 posts
Posted by berjaya > 2016-09-01 11:39 | Report Abuse
Changing bussiness model to become mall owner is a good move. For example malaysia market, aeon doing a good job with owning mall and rental out portion for profit.