WC getting smarter.

speakup no lar, my remisier say Parkson venture into glove biz.
15/09/2020 9:26 AM

I see rebound off low haha.

Still very cheap.

Only bursa counter has presence in China for >20 years not other companies.

JediMaster Why should Alibaba buy parkson?
15/09/2020 9:03 AM

Buy more 10-10.5. PRA no drop. PRGL even up today.

Add more 13.5-14 sen. Be greedy when others fearful-Warren Buffett.

Good news no need to ask why.

yucaihacai PRA up 19%, why?
14/09/2019 3:00 PM

Good news all must inform.

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

Add more 21.5.

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

BOD resign can save cost not even 1 know? i3 better close.

PRGL 74 sen, 1 year highest.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

Idiot ks55 cannot read and understand. I say Parkson which own PRA, PRGL cash rich why he say other thing?

Posted by ks55 > May 1, 2019 4:52 PM | Report Abuse
https://klse.i3investor.com/servlets/cube/post/parkson888888.jsp
Who got shares like Parkson, PRGL, PRA is cash rich. Like us who buy shares sell shares become what if not cash?


PRA cash rich?
OMG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

New PRA CFO can change PRA(Parkson) fortune? Previous CFO more concerned with quick preparing of QR even lousy to detriment of shareholders not the new 1?

Buy more 24.5. Thanks nckcm sell to me haha.

Add more 25 sen.

PRA, PRGL CFO, CEO gone so next QR 4 people high salary staffs no more.

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.

You mean they gamble until no money to buy shirt?

J For Janice Really make me wonder why got so many naked malaysian.
15/12/2018 15:32

PRGL up 3 sen no1 aware? You don't know Parkson make up of PRGL, PRA?
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

Director resign so can save his buta gaji? Leesk you said WC must resign I said not right bec Parkson is his blood.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5982925

PRGL up no1 know? I add more when kennean, Leesk, etc sell.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

ks55 is kosong duit. Where got money buy Parkson? Can talk kosong here only.

yucaihacai Why all Parkson up so much ? kosong 55, you buy ??
31/10/2018 16:20

Who got shares like Parkson PRGL, PRA is cash rich. Like us who buy shares sell shares become what if not cash?

PRGL up 2 sen. How to bankrupt?

Cheap sale. Buy more make more haha.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

Add more 31-31.5 sen. PRGL up, PRA no drop.

23rd Nov 2018. See today Bursa news.

Posted by Leesk > Oct 22, 2018 12:13 PM | Report Abuse
when is the AGM ? Please asked all the questions which is uncertain about the business. no dividends so many years

Add more 33-33.5 sen. Those kpc here selling is it? William Cheng not selling any shares. Maybe now WC can privatise cheap-cheap? Perhaps TTB from Icap has power to decide whether to accept?

Add more 35-35.5 sen.

Add more 36.5-37 sen.

Add more 36.5-37 sen.

Each time drop I buy more. Add at 39-39.5 sen today. What the rest shareholders can do? How abt suggest i3 close down?

Many forumers are lazy I know. Either report abuse ks55 or state buy.

PRGL, PRA after QR no drop only Parkson drop a lot. So better give us PRGL, PRA shares.
https://www.etnet.com.hk/www/eng/stocks/realtime/quote.php?code=3368

Where are those who suggest give PRGL, PRA shares to us? Why you lazy to write to Parkson IR?

Calculate base on 2 listed companies value ie PRGL and PRA.

I buy 200K tomorrow.

Pay peanut get peanut. Pay FOC how to get make money tip?

ks55 I am having 100 unit Parkson @ 60 sen.
I am also a Parkson owner, WC reporting to me every year in Parkson Annual Report.
21/03/2018 15:23