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KLSE: PARKSON       PARKSON HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.575 0.72     +0.145 (25.22%)
* 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
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
15/02/2017 0.655 0.72 +0.065 (9.92%) HOLD PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
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
15/02/2017  PUBLIC BANK PARKSON - PRA Still Weak



  10 people like this.
 
ks55 Yes.
Uniqlo contributed RM 14 million gross profit to WingTai bottom line for 3 months period.
Parkson Malaysian operation losing like nobody's business.
Worst still the food and beverage operation (under Maju Junction long leasing contract) losing RM 33.87 million for nine months, and that amount is 100% losses attributed to Parkson Holding.

Parkson is a dying meow-meow.
It is a painful and slow death with WC the main cause.
01/06/2017 23:13
soros168 M'sians don't go shopping? Why a shopping counter so cheap? In US it will cost at least US 2 to buy 1 shopping counter. Can I buy whole Parkson? Who want to sell?
02/06/2017 09:39
HamzahB In US malls also dying left and right.
02/06/2017 09:41
jack2 future is e-commerce and IT
majority of malls will be eeriee...
02/06/2017 09:45
soros168 Why ks55 talk like idiot? Is he a billionaire?
02/06/2017 09:50
soros168 Where to find ks55 name in newspaper or book?
02/06/2017 09:51
soros168 Sell to me more 58-58.5 sen.
02/06/2017 09:51
lion188 Parkson rewards us 10-15% PRGL. Balance you can keep. CIMB also do the same with CIMB Niaga . Now up over 50% from RM 4 just last year.
02/06/2017 15:47
Mohd_Ali Online shoppers in a web of scammers
https://www.nst.com.my/news/exclusive/2017/06/245502/online-shoppers-web-scammers
04/06/2017 21:15
nikicheong PRGL up by another 7 cents so far, Parkson Bhd is down 0.005 sen. I mean, WTF? How can there be such a divergence? I feel like this is a classic case of a mispriced security...but I don't have the guts to go all in. I am going to "wait and see" and learn...but I may regret not throwing in everything at 0.575.
05/06/2017 10:23
kelvin61 PRGL at 52wk high of 1.26. Indication of business turnaround in China. Buy PHB when it is still cheap.
05/06/2017 11:57
kelvin61 PRGL now @ 1.28 up 0.12. Buy PHB before miss the boat, cheers.
05/06/2017 11:59
kelvin61 PRGL now @ 1.32, up 0.16. PHB will be moving soon, cheers.
05/06/2017 16:38
Mohd_Ali Malaysia is best retail market worldwide after China, India
Read more at http://www.thestar.com.my/business/business-news/2017/06/05/malaysia-is-best-retail-market-worldwide-after-china-and-india/#Y9TS3HQCzXLkXGxo.99
05/06/2017 20:07
kelvin61 This morning PRGL hit 1.41, up 0.09. When will PHB play catch up? Time will tell, cheers.
06/06/2017 10:25
nikicheong WTF man. What's going on in PRGL? Dude this is insane!!! Parkson Bhd's stake in PRGL is worth more than its entire market cap!
06/06/2017 20:52
nikicheong PRGL market cap is HKD3.64 bil. PHB owns 53.5% of PRGL. 1 HKD = 0.55 MYR.

Therefore PHB's stake in PRGL is worth RM1.07 bil.

Current PHB market cap = RM645 mil.

This doesn't even count its stake in PRAL which is worth around RM200mil.

Now the question is, is PRGL rising based on unfounded speculation...or do the guys there know something we don't? If PRGL's ascent is lasting, then sooner rather than later PHB's valuation will also catch up, no doubt.
06/06/2017 21:04
kelvin61 Like the saying goes, In the short-term the market is a voting machine but in the long term it's a weighing machine. So, be patient as patience is virtue.
06/06/2017 21:53
nikicheong Can anyone here go to China websites and see why Parkson Retail Group is going so high? I am not able to type in Chinese. Doing an English language search yields nothing.

There must definitely be a reason.
06/06/2017 22:58
future Buy more befor WC brings money n pump in to PHB
06/06/2017 23:20
LEARNINGINVESTOR nikicheong, hope this will help....

新浪港股讯 据香港明报报道,新世界系再有新动作,旗下在内地经营百货店的新世界百货(0825),昨日开市前申请停牌,以待根据《收购及合并守则》刊发公告。市场内有消息称,这或与该系拟私有化新百货有关。若然有关消息属实,将是新世界继新世界中国后又一私有化行动,令旗下直接控股的上市公司,将只余新创建(0659)一家。

  新百货停牌前收报1.33元,总市值仅22.43亿元,相比2016年底止资产净值57.26亿元,有60.8%折让。比较该集团在2007年7月12日上市时的每股作价5.8元,更已大跌77.1%。即使加上自2008年至2015年度每股派息共1.353元,仍比起招股价有53.7%折让。

  本报曾经致电新世界查询,惟公司称未有具体消息可供透露。新百货发言人则回复本报查询时指,集团有重大的工作安排中,估计这两日可能会发出公告作进一步交代。

  新百货发言人:这两日发公告交代

  市场内早已盛传新百货有机会私有化。昨日该股停牌后,投资者转向追捧其他如百盛(3368)、岁宝(0312)、茂业(0848)及华地(1700)等内地百货股,升幅最多为百盛,全日股价炒高达13.8%,罕有地打入20大升幅榜内。

  内地百货股炒起 百盛飙逾一成

  新百货现时在内地22个城市,经营共37家自有百货店及4家管理店,除了在上海因注册商标问题,以‘巴黎春天’为百货店命名之外,其余则以‘新世界百货’命名。近年该集团更增开烘焙面包店,甚至参与经营MOSCHINO等三个高端时尚品牌,以及扩阔了旗下LOL原创生活概念店的商品范围至茶品、鲜花和艺术品等。同时其亦开拓韩式快餐店等业务。

  遇零售低潮 去年上半年利润重返亿元水平

  不过,近年新百货一如其他内地百货同业一样,面对内地零售业低潮,即使其在去年底止中期业绩,终于扭转劣势,其净利润重回近亿元水平,赚9245.8万元,但是其盈利相比2011年度高峰时、年赚近8.5亿元的水平,已经不可同日而语。

  新百货上市10年,手持现金、定期存款等水平,亦由最高峰2011年时的41.53亿元,到去年底止中期时的18.77亿元而已。

责任编辑:白仲平
07/06/2017 08:29
ks55 Hopefully this is the reason why PRGL up by 30% for last few days.

Then we can be pretty sure Parkson will see you at 50 sen.

Why?

Do you think WC got money to privatize PRGL/

Do you think WC got money to buy a single Parkson share with his own money?

He must pray hard that his pledged shares are not forced sale by AffinHwang and other creditor banks..........
07/06/2017 09:53
ks55 Posted by LEARNINGINVESTOR > Jun 7, 2017 08:29 AM | Report Abuse

nikicheong, hope this will help....

新浪港股讯 据香港明报报道,新世界系再有新动作,旗下在内地经营百货店的新世界百货(0825),昨日开市前申请停牌,以待根据《收购及合并守则》刊发公告。市场内有消息称,这或与该系拟私有化新百货有关。若然有关消息属实,将是新世界继新世界中国后又一私有化行动,令旗下直接控股的上市公司,将只余新创建(0659)一家。

  新百货停牌前收报1.33元,总市值仅22.43亿元,相比2016年底止资产净值57.26亿元,有60.8%折让。比较该集团在2007年7月12日上市时的每股作价5.8元,更已大跌77.1%。即使加上自2008年至2015年度每股派息共1.353元,仍比起招股价有53.7%折让。

  本报曾经致电新世界查询,惟公司称未有具体消息可供透露。新百货发言人则回复本报查询时指,集团有重大的工作安排中,估计这两日可能会发出公告作进一步交代。

  新百货发言人:这两日发公告交代

  市场内早已盛传新百货有机会私有化。昨日该股停牌后,投资者转向追捧其他如百盛(3368)、岁宝(0312)、茂业(0848)及华地(1700)等内地百货股,升幅最多为百盛,全日股价炒高达13.8%,罕有地打入20大升幅榜内。

  内地百货股炒起 百盛飙逾一成

  新百货现时在内地22个城市,经营共37家自有百货店及4家管理店,除了在上海因注册商标问题,以‘巴黎春天’为百货店命名之外,其余则以‘新世界百货’命名。近年该集团更增开烘焙面包店,甚至参与经营MOSCHINO等三个高端时尚品牌,以及扩阔了旗下LOL原创生活概念店的商品范围至茶品、鲜花和艺术品等。同时其亦开拓韩式快餐店等业务。

  遇零售低潮 去年上半年利润重返亿元水平

  不过,近年新百货一如其他内地百货同业一样,面对内地零售业低潮,即使其在去年底止中期业绩,终于扭转劣势,其净利润重回近亿元水平,赚9245.8万元,但是其盈利相比2011年度高峰时、年赚近8.5亿元的水平,已经不可同日而语。

  新百货上市10年,手持现金、定期存款等水平,亦由最高峰2011年时的41.53亿元,到去年底止中期时的18.77亿元而已。

责任编辑:白仲平
07/06/2017 09:55
ks55 This information further strengthen my believe I can wait for Parkson at 50 sen....

TQ LEARNINGINVESTOR
07/06/2017 09:58
curious2 PRGL use to trade very high(HKD 2 in 2015) like Parkson. After drop a lot rebound make sense.
https://www.bloomberg.com/quote/3368:HK

Posted by nikicheong > Jun 6, 2017 10:58 PM | Report Abuse

Can anyone here go to China websites and see why Parkson Retail Group is going so high? I am not able to type in Chinese. Doing an English language search yields nothing.

There must definitely be a reason.
07/06/2017 10:10
confuse PRA back to SGD 10 sen. Why Parkson drop and below 60 sen? IBs' playing short not caught?
https://www.bloomberg.com/quote/PRA:SP
07/06/2017 22:48
Why_ PRGL up 5 sen.
https://www.bloomberg.com/quote/3368:HK
13/06/2017 16:46
kelvin61 Prgl up another 9 sen today to close at 1.36.
14/06/2017 19:12
ks55 Mr Fake.
Why Parkson still stay stubbornly at 58 sen?

It should be somewhere around 52 sen heading towards 50 sen.
No volume, no activity and nobody seems to be interested in this sunset counter.

Go to KimLun or JTiasa for immediate action to profit rather than sleeping with this dying meow-meow..........
15/06/2017 13:57
ks55 It is dying of old age.
No fresh blood.
Still run by a 74 yo pilot who has run out of business idea.....


WC should retire in shortest possible time (or better still, resign with immediate effect).
He is the cause of Parkson's failure..............
15/06/2017 14:01
ks55 Parkson 5354
Zombie in making
Creator is no one other than WC........
15/06/2017 14:12
ks55 Stock: [PARKSON]: PAKSON NIAGA HOLDINGS BHD
Jun 5, 2017 03:28 PM | Report Abuse

Sell Parkson Niaga.
Take the proceed to look for better prospect.

KimLun will be earning more next year.
Go for KimLun-WA for it still has 8 years lifespan, with 4% premium over the mother share.

Plenitude is good.
Tsunami sheltered counter with good potential on Taman Desa Tebrau.

KSL and Crescendo also good. Good cash flow and having very cheap development land.

Jtiasa having more and more acreage of oil palm plantation reaching maturity.

Reits are good. They give you consistent and reliable dividends payout.

Don't buy Xinquan. It is going to suspend next Thursday (8th June 2017) for failing to release QR.


So there are thousands and one good alternatives.
Why still want to pray for something which you will not be answered?
15/06/2017 14:17
kelvin61 Ks55, the counters you recommend above are no doubt decent companies worth investing. Having said that, it does not mean that parkson is not a good buy at such depressed prices. It's during such periods can you get to buy companies with good market repute and share for pennies. So you need to look at the circumstances that has resulted in parkson losing currently. It's beyond most retail businesses operating in a big way in markets like China, Malaysia and Indonesia. They all have their local issues which has caused a temporary slow down in parkson's business. Tell me how many businesses in this world that did not ever experience a slow down. It's during times like these that you get the opportunity to buy such good cash generating assets for a song. If parkson is still profitable, do you think you will be looking at the current price? Take a good hard look at their assets and the good cash flow they generate and you will realise that it's a great buy. Most analyst recommendations result in people losing their pants. They will tell you to buy even at sky high prices obviously with an agenda and will tell you to sell even when the share is selling at dirt cheap prices when they start to report lower profits and/or losses. So tell me how are you going to make money when these analyst change their recommendations overnight like changing clothes the moment the companies they recommend suddenly start reporting losses. You will be caught with your pants down after buying into these high flyers. So stay safe and remember, He who is low fear no fall. Goodnight.
15/06/2017 22:06
ks55 Yes. Retail facing tough time in Malaysia.

How about Uniqlo?
Uniqlo contributed RM 14 million gross profit to WingTai bottom line for 3 months period.
Parkson Malaysian operation losing like nobody's business.
Worst still the food and beverage operation (under Maju Junction long leasing contract) losing RM 33.87 million for nine months, and that amount is 100% losses attributed to Parkson Holding.

Parkson is a dying meow-meow.
It is a painful and slow death with WC the main cause.
All potential investors dare not commit to Parkson for fear pledged securities one day will face force selling.

WC is simply over-geared with personal loan and margin finance.
Just in case you don't know, find out how much loan WC took to buy out assets of now defunct Amsteel Corp Bhd (renamed ACB Resources Bhd).
Don't tell me WC need not pay interest for this personal loan, in addition to interest payable in margin finance of the pledged securities.
15/06/2017 22:36
ks55 kcchongnz always advocate BUY GOOD SHARE CHEAP
Is Parkson constitute good share?
Is 58 sen cheap for a dying meow-meow like Parkson?

There were meow-meow gone and delisted with last transacted price 0.5 sen.
That include :-
1. Amsteel Corp Bhd.
2. Lion Corp Bhd.
3. Lion Diversified (now PN17) will be suspended on the 6th market day after 24th Aug 2017 (i.e 4th Sept 2017)
4. Megasteel now completely abandoned with only a few jaga sleeping at entrance to its office.

Play safe.
58 sen is simply too much to pay for meow-meow.
Start buying only at 50 sen.
Must prepare for the worst -- joining other meow-meow for free admission to PN17 club........
15/06/2017 23:17
kelvin61 If you believe in what you say then don't buy even at 50 sen. It does not make sense. The difference is only 8 sen. You need to be credible in your argument. If you strongly believe that parkson is so bad, then 50 sen is a lot to pay for all that you have mentioned above. Just remember, it's no point comparing with companies which are in trouble due to over-gearing. Companies should be looked at in isolation. Parkson has no connection with WC's steel business. Anyway, you're entitle to your opinion and I wish you well in your stock picks, cheers.
15/06/2017 23:59
ks55 No risk no gain.
Punting meow-meow with calculated risk.
Many people thought 1.00 will never break.
Public Invest Anal-list keep on lowering its TP after each QR out.

How to look at individual company when major shareholder is in serious financial distress?
Just do a bit of homework.
Find out how much WC owes the banks.
Even a developed economy like Greece eventually went bankrupt technically.

Just scroll up to see what happen to those who fail to anticipate how meow-meow would perform.
That include Warren Buffet of Malaysia.............
16/06/2017 09:22
ks55 If you still insist Parkson is good buy at 58 sen.
There are plenty of sellers.

PRA can go down to 9 cent in SES.
No reason why PHB cannot go down to 50 sen and perhaps much lower when pledged securities being forced sale.............
16/06/2017 09:25
Vincent1368 Holland stock better cut lose
19/06/2017 00:12
future I really agree with you Kelvin61...ur point is really suprrb
19/06/2017 00:21
Salmah Bought RM 500 Raya dress yesterday at Parkson. Hopefully coming QR will see another record revenue.
19/06/2017 09:44
speakup dead counter. AVOID!
19/06/2017 17:21
speakup one day will be PN17.
just a matter of time
19/06/2017 17:21
curious2 PRA up 4.12%.
https://www.bloomberg.com/quote/PRA:SP
20/06/2017 16:29
Beginner1 Great! I think Parkson will join sometimes soon
21/06/2017 08:56
ks55 Where are all the idiots ?
No buyer for the dying meow-meow.
Come out to rescue your dying meow-meow lah.

Where is yucaihacai?
Became salted fish already?

Where is WC?
Negotiating with AffinHwang not to force sell his pledged shares?

Vote with your legs.
Don't be fooled by idiots..........for they will just talk, no action.............
22/06/2017 14:53
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......
22/06/2017 21:09
ks55 Blog: The Art of Successful Investing in the Stock Market kcchongnz
Aug 21, 2016 01:16 PM | Report Abuse

PRA 3 month lost S$12m. -- Parkson, which does not have stores in Singapore, reported that net loss for the three months to June 30 was S$12 million.

PRGL 3 month lost RMB 106.4m. -- Parkson Holdings’ China arm, Parkson Retail Group (PRG) reported its 2QFY16 net loss of 106.4mil renmimbi.

Parkson Holding Bhd 3 month lost (12m x 3.0 x 0.676) + (106.4m x 0.51 x 0.547) + 4.0m (Maju Junction) + 2.0m (Net Interest charges) = 60m
Expecting result be out by 26.08.2016.


Do you think Parkson still can hold at 75 sen?
Do you think Parkson will be at 70 sen by 28.08.2016?
Do you think Parkson can come down to 60 sen?
Do you think when Affin Hwang start to force sell pledged shares, Parkson can come down to 50 sen?

WC is clever, he sold 5.0m Parkson shares at 80 sen on 17.08.2016, at the same time using Ah Kong's money to institute SBB 330k at 80.5 sen on 16.08.2016, and 280k at 78.5 sen on 18.08.2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180069
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5177753
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180125
22/06/2017 21:44
kelvin61 Ks55, I'm afraid you got most of your assertions above wrong. Please take a good hard look at the AR of the three companies and their latest quarterly announcement and it is not all doom and gloom. I hope you know how to read and interpret the financial statements. Online business will never ever be able to replace the physical retail business. Have a nice day.
24/06/2017 13:02
ks55 Which part is wrong?
List down one by one.

For I am good at financial analysis, that make me very much better than most of you.

Do I lose money in Parkson?
No.

Do you lose money in Parkson?
If you have bought any time before yesterday, most likely you have lost a fortune.

Will I make money from Parkson?
Yes. Only at the expense of those who cannot see right things with right eyes......
24/06/2017 15:33


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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ANZO-WC 0.06+0.055 
 DNEX-WD 0.305+0.005 
 NETX 0.050.00 
 DNEX 0.595+0.01 
 HUBLINE 0.065+0.005 
 ANZO 0.145-0.01 
 PANPAGE 0.320.00 
 DIALOG 1.93+0.01 
 ATTA-LA 0.44+0.03 
 ANCOM 1.02+0.095 
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