rlchPositive as Parkson is deemed undervalued by management hence the need for constant shares buy back.
AdCoolnot necessary due to undervalue. Another reason is for the management to defend the share price. They have been buying back since 2013 and still buying now. However that didn't able to stop the price from dropping amid in a slower pace.
GoldenSharesit will need more than two years to recover, price will move within 2.05 - 2.10
AdCoolIn 2013, I also said that it will need more than 2 years to recover. Now's it's already 2015, it will need another 2 years to recover. Lol. I don't think it can recover to the level in 2009, 2010 and 2011 but to the level of 2013 perhaps.
The business in China has changed and the spending power has changed as well. Hence, PRGL should aim for halting the continuous profit reduction, and sustaining it. Next, to grow it in a sustainable rates. China is aiming for 7% growth in 2015. If PRGL can achieve a 5% growth in profit, that would be great already.
Can they stop the downtrend after these 3 years or maybe PHB is going to break the fourth year downtrend? It remains to be seen.