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KLSE: PARKSON       PARKSON HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.265 0.59     +0.325 (122.64%)
* 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
26/11/2018 0.315 0.40 +0.085 (26.98%) HOLD PUBLIC BANK Price Target News
26/11/2018 0.315 0.37 +0.055 (17.46%) BUY KENANGA Price Target News
21/11/2018 0.34 0.40 +0.06 (17.65%) HOLD PUBLIC BANK Price Target News
14/09/2018 0.405 0.79 +0.385 (95.06%) HOLD PUBLIC BANK Price Target News
28/08/2018 0.48 0.79 +0.31 (64.58%) HOLD PUBLIC BANK Price Target News
28/08/2018 0.48 0.81 +0.33 (68.75%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
26/11/2018  PUBLIC BANK Parkson Holdings Berhad - Mixed Bag
26/11/2018  KENANGA Parkson Holdings Bhd - Unexpected Lower China SSS Growth
21/11/2018  PUBLIC BANK Parkson Holdings Berhad - PRG: Weak Quarter
14/09/2018  PUBLIC BANK Parkson Holdings Berhad - Disposes Stake In Parkson Credit
28/08/2018  PUBLIC BANK Parkson Holdings Berhad - Narrowed Losses in FY18
28/08/2018  KENANGA Parkson Holdings - 4Q18 Hit By Unexpected Store Closure



  12 people like this.
 
ks55 Both WC and TH holding hand in hand towards holland.........
11/12/2018 09:33
farkson What happens if parkson cannot earn any profit anymore going forward and debts keep ballooning??? Cash also will finish!

Use ur brain to think.

So many new retail malls flooding the market u think parkson will do well?

https://www.thestar.com.my/business/business-news/2018/09/12/more-mall
11/12/2018 09:51
farkson Simple logic

When a man cannot earn enough, what does he do easily to get a way out to survive every month or year?

That's right! He borrows more money from banks to survive

In parkson's case is similar.

Parkson doesn't earn any profit for 3 consecutive years.

That is very alarming! Imagine 3 years u making losses and u survive by using monies from bank loans

In the end the borrowings keep adding up.

WHAT ABOUT WHEN INTEREST RATE GOES UP?

With that massive borrowings, sure parkson is FRIED or BURNT
11/12/2018 09:51
farkson U keep thinking revalue property to save parkson? Oversupply property globally especially both china and malaysia where parkson operates. Price value of property dropping especially retail commercial space

https://www.thestar.com.my/business/business-news/2018/10/20/unsold-co

https://www.malaysia-chronicle.com/?p=141024
11/12/2018 09:52
farkson Everyone knows parkson heading to bankruptcy. Every quarter also made huge losses. I say wrong meh?

Three yearly losses
2016 -95,741,000
2017 -119,178,000
2018 -103,993,000

Total accumulated losses for 3 years is -318,912,000 (0.31 bil)

Short term borrowings is RM 490,450,000 (0.49 bil)
Long term borrowings is RM 2,008,889,000 (2 bil)
Cash 852,400,000 (0.85 bil)
11/12/2018 09:52
farkson They should rename Parkson to Parker

Simple math...

Parkson has RM 2.5 BILLION debts now.
Parkson has RM 0.8 BILLION cash now.

So it borrowed so much money from banks.

How much bank loan interest that Parkson needs to service every month or annually?

RM 2.5 BILLION x 4.5% finance rate = RM 112.5 MILLION per year.

That is just bank loan interest.

Parkson hasn't even earn already has to pay that massive bank loan interest.

Do remember that Parkson has been making LOSSES for THREE straight years.

Three yearly losses
2016 RM-95,741,000
2017 RM-119,178,000
2018 RM-103,993,000

How can it survive going forward when Parkson cannot even earn any profit at all?

Opening new retail store branches will just kill itself faster.


RM0.85 Billion (CASH) - RM2.5 Billion (TOTAL DEBTS) = ???

-1.65 BILLION (NET DEBTS)
11/12/2018 09:52
farkson Companies which sell their properties will be subject to new RPGT from 5% to the new 10% taxes!

Automatically another 5% values from parkson's existing properties are gone just like that!

Say goodbye to parkson....

Even online shopping sales dominated shoppers cash nowadays...look at Alibaba and Amazon one day sales event!

Again...say goodbye to parkson! A sunset business.....
11/12/2018 09:52
farkson WAH! ALL ALSO NEGATIVE NEWS FOR THIS BANKRUPT COMPANY? NO WONDER COLLAPSING LAH

Parkson and Singapore-listed PRA conundrum
http://www.theedgemarkets.com/article/parkson-and-singaporelisted-pra-conundrum

Parkson Holdings’ only profitable unit is with Hong Kong-listed PRG
http://www.theedgemarkets.com/article/parkson-holdings-only-profitable-unit-hong-konglisted-prg

Parkson’s Singapore unit risks being delisted with low share price
http://www.theedgemarkets.com/article/parksons-singapore-unit-risks-being-delisted-low-share-price

Parkson unit on SGX watch list
https://www.thestar.com.my/business/business-news/2018/12/05/parkson-unit-on-sgx-watch-list/

Parkson posts RM43m loss in 1Q19
http://www.theedgemarkets.com/article/parkson-posts-rm43m-loss-1q19

Parkson earnings face operational challenges in region
https://www.thestar.com.my/business/business-news/2018/11/21/parkson-earnings-face-operational-challenges-in-region/
11/12/2018 09:57
joetay2 but yucaihacai, u been buying since 90sens and been holding.

with ur volume, u must be within the top 30 by now.

so how much have u lost in parkson????

lol..........

Posted by yucaihacai > Dec 6, 2018 06:26 PM | Report Abuse

Sold 0.285-0.29 this morning. Bought back 0.275-0.28. kosong 55 and diehards joetay pls sell me more 0.275 and below. and welcome Cheng Yong Kim shark block all the price at 0.28-0.29. and it is better if push to 0.300 and above.
11/12/2018 10:04
joetay2 Post removed. Why?
11/12/2018 10:09
joetay7 why u so scared until must report my post as abuse, parksonnewbie????

i call for sell on jcy when it was more than 50sens, why u so scared of the truth????

lol........

Posted by parksonnewbie > Dec 10, 2018 02:51 PM | Report Abuse

So you think joetay god? Why his JCY below 20 sen now? Worse is JCY directors still dare not buy unlike Parkson Cheng Yong Kim.
11/12/2018 15:08
yucaihacai Sold 0.275. Thanks parkson18 for your donation today. Ready to bought back 0.265 and below for tomolo
11/12/2018 19:06
joetay2 but yucaihacai, how abt the high priced parkson shares u bot at 90sens and keep on buying until 45sens????

so how u can make money unless u dominate all the trading for the past few days.

really think we dont know maths, is it????

lol...........

Posted by yucaihacai > Dec 11, 2018 07:06 PM | Report Abuse

Sold 0.275. Thanks parkson18 for your donation today. Ready to bought back 0.265 and below for tomolo
11/12/2018 20:31
Parkson18 MoF SPV to take over RM19.9b of Tabung Haji's underperforming assets
https://www.theedgemarkets.com/article/mof-spv-take-over-rm199b-tabung-hajis-underperforming-assets
12/12/2018 05:08
kelvin61 If I'm WC, I will take Parkson private. This is a great opportunity at this highly oversold price relative to it's assets, brand and positive operating cash flow. The prices in Malaysia and HK is way below it's asset value. Relist it later after restructuring, cheers.
12/12/2018 07:18
ks55 Highly oversold?
You might as well wait and see how fire sales begin when pledged securities done by creditor banks.

Still praying hard for WC to take Parkson private?
Still believe WC can borrow any more from bank?
Still think WC can swim instead of diving with no return?

Keep it longer you will see Parkson become PRA trading at 1.8 cent...........
12/12/2018 10:18
ks55 TH holds 105 million Parkson shares since 2013/14 at more than 4 ringgit a share.
Now only good for 28 sen at best.
So TH net loss in Parkson alone amount to 380 million.

What about Amsteel Corp Bhd ?
Now already delisted and changed to ACB Resources?
Another 3-4 hundred million gone.

Again all these losses will be passed to you and me via Ministry of Finance sukuk.



More important is govt set to let go all these zombie stocks including 105 million dying Parkson.
So this dying meow-meow is going to 20 sen and below very soon...........
12/12/2018 15:22
William_Cheng Privatise PRA first(much cheaper)? If still got money privatise Parkson next?
12/12/2018 16:31
kennean TH want to sold 105 mil shares difficult, if push up to RM2 then release batch by batch is easy.
12/12/2018 17:25
kennean Parkson got so many deposit in Hong kong's bank. Why WC no money ? Parkson cash flow still stronger in Lion group. Lion Industri can goreng, Why parkson cannot ?
12/12/2018 17:32
ks55 Just graduated from University of Kindergarten?

PRA net current liabilities worsen from negative S$ 70 million three months ago to negative S$ 77 million, i.e. RM 220 million.

Still think PRA can survive in next 6 months?
12/12/2018 17:40
yucaihacai Bought 0.265-0.270, sold 0.275-0.280. Thanks Cheng Yong Kim for your donation today. Pls tomolo sell me more 0.270 and below as you know that parkson management prove 5 quarter that they are incompetent, eat money for themself and self fish people.
12/12/2018 19:52
kelvin61 WC, agree with you that you should consider taking PRA private first. No longer relevant to list at this ridiculous low price. Hope you follow through by taking PHB private too, cheers.
12/12/2018 22:44
stupidddtrump PRG up 6c
13/12/2018 10:46
8888_ PRGL up 5 sen. Buy more.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368
13/12/2018 14:42
kennean ks, PRA and PHB , which is subsidiary company ?
13/12/2018 17:03
ks55 ????????????????????????????????????????????????
13/12/2018 17:07
kennean ks, do you bought AMMB ? some ana-list said resistance 4.70 or Max 4.80. watch out.
13/12/2018 17:11
kennean 18 dec 18 china new tax policy announce. It may push internal comsumer power.
13/12/2018 17:16
ks55 ????????????????????????????????????????????????????
13/12/2018 18:34
Choivo Capital This looks really damn damn cheap.

But you also need to price in the constant bleeding. This could very well bleed to the ground.

Is it cheap enough now?
14/12/2018 12:43
5354_ Who behind selling when PRA, PRGL no big drop?
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368
14/12/2018 15:31
kennean WC, PRGL declare RMB 0.03 dividen, please pay PHB RM 0.03 dividen too.
14/12/2018 17:54
joetay2 but yucaihacai, we all know u been buying and holding since 90sens.

so now change to trading on thin volume????

u think we fail maths???

how u make profit on thin trading???

really is bodoh beyond hope.

lol.........

Posted by yucaihacai > Dec 12, 2018 07:52 PM | Report Abuse

Bought 0.265-0.270, sold 0.275-0.280. Thanks Cheng Yong Kim for your donation today. Pls tomolo sell me more 0.270 and below as you know that parkson management prove 5 quarter that they are incompetent, eat money for themself and self fish people.
14/12/2018 19:11
joetay2 do u think william this bodoh like u to take private a company with no net cash????

lol.........

Posted by kelvin61 > Dec 12, 2018 10:44 PM | Report Abuse

WC, agree with you that you should consider taking PRA private first. No longer relevant to list at this ridiculous low price. Hope you follow through by taking PHB private too, cheers.
14/12/2018 19:12
yucaihacai Sold 0.28-0.285 this morning, bought back 0.265-0.270. Diehard Joetay2 pls sell me more 0.26 and below on next monday
14/12/2018 19:15
joetay2 but i have been selling u since 90sens, yucaihacai.

u still want more???

lol....

Posted by yucaihacai > Dec 14, 2018 07:15 PM | Report Abuse

Sold 0.28-0.285 this morning, bought back 0.265-0.270. Diehard Joetay2 pls sell me more 0.26 and below on next monday
14/12/2018 19:17
james88 Parkson will drop to 20 sen by end December. Price will drop as it continues to lose and drain its cash. On the way to PN17
14/12/2018 19:56
jasontan1177 the bleeding been happening since 3 years ago. the current parkson management is incapable to manage the company in profitable ways. should be sacked .

very simple theory. selling things also lose money. selling chicken rice lose money
u dun sell la niama . 3 years selling things and lose money..

what biz is doing ?
15/12/2018 06:25
Parkson888888 Sure they pay since PHB is major PRGL shareholders.

Posted by kennean > Dec 14, 2018 05:54 PM | Report Abuse
WC, PRGL declare RMB 0.03 dividen, please pay PHB RM 0.03 dividen too.
15/12/2018 16:30
james88 Parkson is slowly destroyed by e-commerce and competitors like H&M, Zara, Cotton On, Forever 22...young and fashionable women don’t shop in Parkson.
15/12/2018 19:30
james88 26.5 sen share means big underlying issue with Parkson Group. It may mean more stores will close to reduce losses. A very sad business case.
15/12/2018 19:33
ks55 Yes.
When PRA bankrupt, all Parkson stalls in Malaysia have to close shop.

SOP is like that:
1. CNY sale
2. After CNY grand sale
3. Further reduced sale
4. Final sale
5. Closing down sale
15/12/2018 21:40
Parkson18 james88 I know you very well. You are joetay new id. Why only posts in Parkson dare to answer?
15/12/2018 21:46
james88 Yeah sale, sale, sale...good.
15/12/2018 22:58
joetay7 and its thx to ur unrelenting effort to report my postings as abuse, kukuless one.

so how is it to be embarrassed by me on every sector????

lol........

osted by abcdefg > Dec 15, 2018 09:54 PM | Report Abuse

her joetay2 suspended liao.. that's y change id...
16/12/2018 01:18
enigmatic jasontan1177 is correct. What da heck is management doing if the company can't even profit RM1 in a year? Incapable management should be replaced. Parkson has no hope unless others initiate takeover of company to transform it.
16/12/2018 01:43
ks55 Remember this joker?
Now already dead?





Stock: [PARKSON]: PARKSON HOLDINGS BHD

Jun 15, 2014 11:27 PM | Report Abuse

There are a lot of dreamers, jokers or drunkers in the market. When a share take a dive, they'll think of 1 or 50 cents, some even dream of getting it for free, without looking at its intrincsic value, of course i believe they really don't know any of it. They just want to create some fear factor and capitalize on dumb and dumber in the market. If you don't panic to sell it down, they certainly got nothing to lose because they didn't hold a single share of it, they still can hanging their pair of balls. Some even boost like Warrent Junior, an evil punter indeed. Like i said before, buy at 2.2-2.4. If drop, continue to buy. When it shoots up, we can laugh all the way to the bank.
16/12/2018 10:52
ks55 Just in case you don't know who is this joke.
Here you go..........




Posted by tshwong > Jun 9, 2014 09:47 AM | Report Abuse

@rich, my wish has come true as Parkson already fall below 2.40. You got any wish? My bullets are fully loaded and ready, just wait now.
16/12/2018 10:59
ks55 Who is 'rich'?
Who is 'angelinaloke' ?




Self-proclaimed as Winner of TKW 2013 trading challenge. 26 years experience dabbling in stock market. Can trade in any stocks as long as can make money. Dislike PN17 counters. Graduate from UM.


Posted by rlch > Apr 1, 2015 09:50 AM | Report Abuse

If cannot make money from a store(due to high rental) why can't Parkson just close it and move elsewhere? Let the landlord suffer not Parkson.





Posted by angelinaloke > Jun 12, 2014 10:19 AM | Report Abuse

less then 3wks loss 90cent from recent high( 3.20). really shit stocks.
imagine to gain back 90cent from a share is not easy and not possible in 3wks time :( . can not smile d..
16/12/2018 11:20


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