AdCoolPersonally I prefer cash dividend. If the counter is a growth stock, I don't mind dividend shares as that would give me more return, since I can avoid paying the brokerage fees and taxes if I purchase the shares myself. However, for this counter, I don't think it's a good dividend as it is not a growth stock as per current situation and once they payout the dividend shares, the price will be adjusted to reflect it.
Here, it is going to give a 5% dividend shares and hence if the share price stays around RM2.35, with the adjustment, ex price should be around RM2.23. You gain nothing basically in term of value. If it's a growth stock, for it to go back to RM2.35 would be easy but for Parkson, kinda challenging.
Just my opinion and observation so far. Other members have any different views on this?
GoldenSharesParkson is improving, next Q even better, fair value should be above NTA, 2.50
AdCoolGoldenShares, be careful of the Q4 results. It's not improving as the profit is through the disposal of festival mall and Sri Lankan business. The SSS growth in Vietnam, China and Malaysia is -6%. Only Indonesian business is making positive SSS growth. The F&B businesses only contributed a very small fraction to the business.
The core business of retailing is not improving for the past 9 quarters.
GoldenSharesimmediate resistance at 2.34 breached, next 2.40