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KLSE: PARKSON       PARKSON HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.545 0.72     +0.175 (32.11%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
18/08/2017 0.55 0.75 +0.20 (36.36%) HOLD PUBLIC BANK Price Target News
25/05/2017 0.625 0.75 +0.125 (20.00%) HOLD PUBLIC BANK Price Target News
25/05/2017 0.625 0.51 -0.115 (18.40%) SELL Affin Hwang Capital Price Target News
19/05/2017 0.63 0.75 +0.12 (19.05%) HOLD PUBLIC BANK Price Target News
11/05/2017 0.665 0.75 +0.085 (12.78%) HOLD PUBLIC BANK Price Target News
22/02/2017 0.72 0.75 +0.03 (4.17%) HOLD PUBLIC BANK Price Target News
22/02/2017 0.72 0.88 +0.16 (22.22%) BUY KENANGA Price Target News
21/02/2017 0.715 0.72 +0.005 (0.70%) HOLD PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
18/08/2017  PUBLIC BANK Parkson - Improvements in PRG’s 1HFY17
25/05/2017  PUBLIC BANK Parkson Holdings Berhad - PHB’s Mixed Bag
25/05/2017  Affin Hwang Capital Parkson (SELL, maintain) - Still in the red
19/05/2017  PUBLIC BANK Parkson Holdings Berhad - A Glimmer of Light for PRG
11/05/2017  PUBLIC BANK Parkson Holdings Berhad - Weak PRA Operations
22/02/2017  PUBLIC BANK Parkson Holdings Berhad - 1HFY17 Cushioned by One-Offs
22/02/2017  KENANGA Parkson Holdings - China Same Store Sales Recovering
21/02/2017  PUBLIC BANK Parkson Holdings Berhad - PRG Work in Progress



  10 people like this.
 
ks55 Q1 profit 0.236m RMB
Q2 losses 4.694m RMB

Where got improvement?

Read fine print.
How much was depreciation charge for Q2?
Why so low?

Read again carefully.
Q1 revenue covers best sale for the year because of CNY. Why only make 236k RMB?
Q2 no festival, so lose money.
Q3 customers can wait for Singles Day Sale. They won't buy unless urgently needed.
Q4 Alibaba and Tencent Grand Singles Day Promotion. Potentially exhausted the whole month sales for all retailers.

Result getting from bad to worse.
Any hope for turn around for next half?



Now we know PRGL has reported losses for QR ending 30 June.
Now we also know PRA going to report losses up to S$45.5m
Now we again know Maju Junction (revenue 100% attributing to Parkson Holding) going to report quarter losses up to RM 15m.
And finally we know higher interest charges for Parkson Holding due to recent purchase of private and personal assets from WC.

All in all, share price of Parkson meow-meow should reflect current situation, and taking into consideration next QR will not show any improvement for PRGL, PRA, Maju Junction and deteriorating meow-meow cash flow.........
17/08/2017 22:05
Royce Chan newbie5354 Royce you have nothing better do? Jobless and post here don't get you any money. Your AAX doesn't move up. Instead Parkson up. Why waste time here? Sold at 53 sen?

I don't get what you mean there. Please explain clearly!

If I'm mistaken you're the 1 usually find fault with Radzi! This forum here is for members to use wisely. If you can't post any comment which is useful to us here but looking for problems then you're in trouble. And I believe you're also using a fake ID and also few IDs.

So I'd like to listen to your explanation. Don't hide away from here. I'm waiting....
17/08/2017 22:09
nikicheong KS55, don't talk so much nonsense lah about the PRGL results.

1) Why keep quoting the bottomline? To spot turnarounds you always keep an eye on the operating profits and operating profit margins. That's where the first signs of turnaround/improvement will show.

2) That revenue has decreased QoQ (due to natural festive period effect) but operating profits are higher should be a very positive sign. Why are you spinning it to be a negative?

3) Regarding depreciation:

"Depreciation and amortization decreased by RMB23.6 million or 13.1% to RMB156.3 million. The
decrease was primarily attributable to savings from stores closed and renovation from old stores that
has been fully depreciated in 2016 and 1H2017. On a same store basis, depreciation expense
decreased by 10.8%, mainly due to the fully depreciated assets mentioned above."

I don't see any hanky panky with the depreciation. If you add back the RMB23.6 to the operating costs for H1 2017, you will still get a net operating profit of ~RMB50mil.
17/08/2017 22:14
Royce Chan newbie5354 PRGL actual result?

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Aug 16, 2017 09:27 PM | Report Abuse

PRGL result out tomorrow.
Expecting to lose RMB 80m.......
https://klse.i3investor.com/servlets/cube/post/ks55.jsp
17/08/2017 20:42

From your comment I can say that you're a NUT!

If you don't know how to make good use of this forum you can just not wasting your time here. If you want to air your emotion or ego then you've found the wrong place!
17/08/2017 22:15
Royce Chan nikicheong Ks55 may be emphasizing too much on that about PRG but that's true as it's already reported today in Q2. Financially and technically the directions are not really looking good. Hence H2 is really critical. So be cautious from now.
17/08/2017 22:25
ks55 I don't talk nonsense.
So I don't lose money in Parkson meow-meow.

Since you are so good at interpreting results, why losing money in meow-meow?
You should have make no nonsense prediction and wait till its result is out.

Even you already know what is Parkson QR to be like, why you still want to wait and see?
If you forecast Parkson meow-meow going to fly, buy more tomorrow.
If you forecast Parkson meow-meow going to sink, sell all tomorrow and buy back later.
If you have no idea at all, please don't talk nonsense..............
17/08/2017 22:27
Royce Chan No...I think nikicheong just want to be very sure as you must understand niki's position in PHB. Unlike some fella jokers who perhaps still adding postion in PHB and a bit of rebound is as if a golden turn around while loosing in other counters yet loosing faith and calm as well. Moreover applying different IDs to fake out. Needless to reveal but understandable who being referred to!
17/08/2017 22:37
curious2 Public Invest TP 75 sen maintained. Why despite i3 members so gloomy?
http://klse.i3investor.com/blogs/PublicInvest/130252.jsp
18/08/2017 09:11
curious2 Logically if PRGL QR not good PRGL share price should react not PHB.
18/08/2017 09:12
curious2 Where is Beginner1? PublicInvest also have same thinking like you why Royce Chan and ks55 view different? If Royce not the 1 selling why he must be here?
18/08/2017 09:15
curious2 Why PB Bank share price RM 20.5 vs Affin 2.5 or Kenanga 53 sen? Which IB more reliable?
18/08/2017 09:17
curious2 Let see PRGL got drop today like PHB? By right PRGL should react on QR not PHB.
18/08/2017 09:19
Royce Chan curious I'm here partly to monitor those without proper and fake ID in this forum.

I wonder how long have you been in share investment or trading? You question is a silly reflection of yourself. FYI a stock reacts when there's material development. For PHB Q4 is not reported yet. So how do IBs react?

So are you proactive, reactive or passive? Or nether??
18/08/2017 09:24
ks55 Public Anal-list out to con people again?
http://klse.i3investor.com/blogs/PublicInvest/130252.jsp

When did this so called anal-list give accurate and proactive projection in Parkson meow-meow?
For that matter, when did this so called anal-list give a correct 4D forecast in any stock listed in KLSE for past few years?
From Parkson to Bumi Armada, to LCTitan, to SP Setia and to many many other stocks you can think of.

Why Public Anal-list research report is so so substandard?
Do you see any so called anal-list has CFA qualification?
None.
All are just kaki tembak......

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=260847286



So don't get con again, and again, and again again again.
Kena con once is you trust so called anal-lists who give advise to Public Mutual are expert
Kena con second time is because you are so kind hearted to give them second chance.
Kena con repeatedly, then only you know they are in fact not better than any laymen on the street............
18/08/2017 10:00
pakatan_harapan2 Pakatan=nothing hide. BN=everything must hide. Parkson sellers why must hide(never announce)?
18/08/2017 10:21
Royce Chan Yes...PHB sellers are in hiding!
18/08/2017 11:09
Royce Chan PRG is reacting to Q2 report today. Gap down opening. So is PRA gonna be the same when actual Q4 is reported? And the same for PHB??

Good lesson now for newbie5354, curious2, 3 or 4, etc......

A lot more for you to learn but pls learn the right stuffs!!
18/08/2017 11:16
Royce Chan For Parkson8888 too and other fake IDS! !!
18/08/2017 11:18
Red_Apollo http://klse.i3investor.com/blogs/kianweiaritcles/130336.jsp
20/08/2017 12:26
Red_Apollo Royce Chan I think Affin Bank is behind shorting of both Parkson and AAX. As you can see above TKW blog Icap still dumb-dumb hold Parkson. Qty held is same as in 2016 AR.
20/08/2017 12:27
Red_Apollo Scomi to build shareholder value
http://www.thestar.com.my/business/business-news/2017/08/19/scomi-to-build-shareholder-value/
20/08/2017 12:38
Red_Apollo Royce Chan, joetay have you ever heard of cyber bully? ks55 is 1 so people must hide their real identity. ks55 is a parasite in i3. Why ks55 deleted most of his postings can you answer?
20/08/2017 13:03
Red_Apollo Scomi to build shareholder value
http://www.thestar.com.my/business/business-news/2017/08/19/scomi-to-build-shareholder-value/
20/08/2017 13:04
Red_Apollo Scomi unlock its value privatising Scomi Eng & Scomi Energy. Likewise Parkson should privatise PRGL and PRA using PHB as share swap?
20/08/2017 13:05
hollandking you dont know scomi history,you ask those who been in scomi, then you ask them shareholder value. See what their reaction is.
20/08/2017 13:33
hollandking alamak, i accidentally post here. Prb. I'm known as hollandking. Like a pestilence, wherever i go, that place wither. SOrry guys, i only want reply mr red's parkson grand rally fantasy online.
20/08/2017 13:35
zach123 PARKSON RETAIL GROUP LIMITED

Total comprehensive income attributable to Owners of the parent 1 July 2016 to 31 December RMB87million, 1 January to 30 June 2017 RMB93million, to total profit attributable to Owners of company RMB180million.

Depreciation lower are due to fully depreciated assets and closed of some stores closed(written off)
20/08/2017 13:45
ks55 4 more day PRA going to release it fantastic losses.
One day later Parkson price will be at 50 sen or lower.

No need to mark my word. Everybody knows that.
Only TTB doesn't know.

Do you know that?
What is your action plan?
20/08/2017 21:18
Parkson8888 Myself sure dumb-dumb hold like Icap. Can add more if drop near 50 sen.
20/08/2017 21:36
lwyy60 Curent price are quite attractive based on 75% disc rate on nav. if management sucessful turn around & make profit. High risk = high return. At least with curent price down side are limited. Good luck all.
20/08/2017 23:01
Royce Chan Yes current price is quite attractive and has been in attraction for quite long. Unfortunately discount factor to NAV for PHB did not come into play as many ppl have been expecting. Direction coming from pending Q4 will show clearly where PHB is heading. Meanwhile any new low is yet the bottom !
21/08/2017 09:58
ks55 NA for PRGL is not realizable. Why?
How much is goodwill?
How this goodwill come about?
Does this goodwill really worth to take into consideration when you want to talk about NA for PRGL?

What about goodwill for PHB?
How much is it reflected in its balance sheet?
How this goodwill come about?
Do you think this goodwill has any value?
If no value, why WC did not want it to be removed from balance sheet?
After minus the goodwill, how much NTA still left?
If accumulated losses, doubtful debt and receivables taken into consideration, how much is the NTA of the holding company?
If you care to read from its annual report, at holding company's level, I am sure you will be scared to death............
21/08/2017 11:20
pakatan_harapan2 I don't see Icap selling. Fake news is it?
21/08/2017 11:49
pakatan_harapan2 Why Icaps never target property counters? Retails counters already 2 ie Parkson, Padini.
21/08/2017 11:51
ks55 TTB your father?
Why should he tell you when is he going to sell?
Why should he tell you he is not buying property counters?

If you are not one of his many sons, why should you bother he lost RM 15m in Parkson or otherwise ?????????
21/08/2017 14:39
ks55 Everyday using different ID.
Why so troublesome?
Put up a good write-up why Parkson worth 10 ringgit, post it everyday, then Parkson will move up to 10 ringgit.
Save all your trouble...........
21/08/2017 14:44
ks55 Stock: [PARKSON]: PARKSON HOLDINGS BHD
Jun 22, 2016 04:18 PM | Report Abuse

2016年5月03日, 鍾廷森接受《The Edge財經日報》專訪時,不否認公司股價受打壓
为什么受打壓? 他不敢解释

1. Parkson lost 36m Q3.
Net lost attributed to share holder 25.5m
Maju Junction 3 month loss 5m, 6 months loss 11m.
So total losses from Maju Junction (only 9 months) is estimated to be 15m for FYE2016.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5110537

2. Lion Industries lost 130m Quarter ending 31 Mac 2016.
Lost attributed to share holders stood at 115m.
Lost per share 16.5 sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5111885

3. LionForest Industries lost 54m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5109381

4. Lion Diversified lost 34m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5093917

5. Lion Corp lost 91m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5094137

6. With all meow-meow losing money, and not able to pay dividend, how WC going to pay interest on margin finance of his pledged securities to tune of 20m to 50m a year?

7. Also take note Parkson derives its valuation from these two operating units. They are selling dirt 'cheap' now, and should be going down some more.
PRGL at HK$0.69 - record low, will break its own record again.
PRA at S$0.1580 - near record low, can make record any time.
Sum of Parts (SOP) is at 69 sen.
With 30% discount attached to holding company (as safety margin), safe to buy at not more than 50 sen.

8. WC has been selling Parkson share at around 91 sen.
WC sold 10.35M Parkson shares on 12.04.2016, 2.06M on 14.04.2016, and 2.18M on 20.04.2016 and 5.3m on 26.04.2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5058957
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5064589
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5083313
http://klse.i3investor.com/servlets/stk/annchdr/5657.jsp

9. Meaning that either he think the share already overvalued, or he has to get some money to pay interest, or the pledged shares were forced sold, or he invite all meow-meow share-holders to go holland together with him.

10. All Lion meow-meow face potential forced selling by the creditors.
This include Parkson shares.

11. Parkson rests on yesteryears business model. No hope for any turn around at least in next 3 years.

12. Share Buy-backs are weakening the balance-sheets even of the most cash-rich firms.
Is Parkson really cash rich? How about 89.39m interest paid for 9 months on 2.49 billion borrowings? Since 2008, WC already used up 2.1 billion to buy back Parkson shares, otherwise he could have saved 75m on interest payment for 9 months.

13. Parkson share buy-back has become a kind of corporate cocaine that induces a temporary feeling of invincibility but masks weakness and vacuity. It has become a norm for any punter to buy by 4.30pm, then park to sell at 4.49pm. WC is going to pay these punters 'toll' to push up closing price everyday. He cannot stabilize Parkson share price with such tactic, but just draining the valuable cash.
Worst still it become clear for WC to commit suicide by drinking sea water in the ocean to quench thirst (飲鳩止渴).
Sooner or later Parkson is going to bleed to death.

14. Please don't tell me WC cannot understand the logical reasoning above. To me, he is paying peanuts to get monkeys to run his business empire -- from the very top to the sales personnel.
Don't believe, just go to any Parkson outlet to see what are the sales girls doing......
21/08/2017 14:46
ks55 You see, until now nobody can rebut the facts put forward since last year.

When I feel like, I just re-post it.

I would like to see any smart guy to rebut my argument...........
21/08/2017 14:47
ks55 Have you seen it?
Everyday I post the same write-up telling the whole world Parkson worth only 50 sen at most, sooner or later you will see Parkson come down to 50 sen and below........
21/08/2017 14:53
Royce Chan Agree in full with Ks55.

All those with fake IDs are IDIOTS with no substance to prove or FOOLS with fear to loose.

HAHAHA
21/08/2017 14:56
ks55 So, I would suggest you to put up a good write-up why Parkson worth 10 ringgit.
Posting everyday.
By Rich kah, by Limch kah, by yucaihacai kah, by cheated kah, by kelvin61 kah, by kelvin62 kah, by curious2 kah, by Parkson kah, by Parkson8888 kah, by no harapan kah, by all those funny funny IDs.

Post it everyday.
Soon you will see Parkson at 10 ringgit as you so wish.........
21/08/2017 15:00
pakatan_harapan2 If Pakatan rule cut down civil servants by 20% and pensioners pay by 20%. GST free.
21/08/2017 16:16
Royce Chan Today the freaky run up is so fake if you spotted 0.54 so strongly queueing there but with 1 manipulator. Guess who's that?
21/08/2017 16:28
Lion88 Hi Royce and Ks55,

Are those fund houses or brokers that are deceiving retail buyers.

Thank you
21/08/2017 16:40
Royce Chan Well that's secondary but now they're in liquidation mode till they complete. So the high is nigh. Be careful guys!
21/08/2017 16:47
ks55 PRA result out in 3 days.........
21/08/2017 21:25
future Just by being too careful ...you will only buy when price is high...price increases before financial results reported
21/08/2017 21:42
Royce Chan So that's a catch for u to read eithe forr a good catch before the run or a trap for runaway!

Writings are already all over the wall. Your decision is your action or otherwise. Good luck!
21/08/2017 22:22
curious2 Scomi to consolidate biz, merge with energy and engineering units
http://www.theedgemarkets.com/article/scomi-consolidate-biz-merge-energy-and-engineering-units
22/08/2017 00:06
curious2 Scomi privatize Scomi Energy and Scomi Eng by issuing new Scomi shares with free warrants. Will Parkson privatize PRGL and PRA similar way issuing new Parkson shares with free warrants?
22/08/2017 00:08


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