Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 24 Feb 2014
Parkson Holdings; Fully Valued; RM2.77
Price target: RM3.00; PKS:MK
Further earnings downgrade
PRG reported disappointing results with a net loss of Rmb5m in 4QFY13; FY13 SSSG declined 1.8%. Earnings affected by intense competition and higher operating costs.This could lead us to downgrade our earnings and TP for Parkson Holdings. Fully Valued.
Source: HwangDBS Research - 24 Feb 2014
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