If read past few weeks Edge, William Cheng is selling a lot of his subsidiaries properties. Is he using the money to buy more Parkson?

Share buy back to start after AGM.
Those attending AGM please ask to close down unprofitable stores in short term while in longer term ask management to change business strategy eg add F&B(bakery for eg) section in Parkson although this will take time to show result.

I doubt Parkson competitors like Padini, Aeon, The Store, etc has so much cash like them. Why?

PHB, PRGL, PRA all are cash rich which show prudent having made huge profits in the past.

Perhaps Parkson willing to learn from Aeon to join F&B business?

I know camera is sunset industry but is it true Parkson fashion retailing business? You haven't answered why director Lee keep disposing. Even publishing business now face competition from internet where people can read books for free

Judy_Wong thanks for highlighting CalvinTanEng. stupidivan some of the stocks(which Calvin mention) I know are:
1) PPG(near 52 week high now unwise to chase now) even their own director Lee Kheng Hon sold continuously

Others I will tell you later although I knew YiLai and MPHBCap just reported poor QR.

Agree with sabun and Judy_Wong. Even director Lee Kheng Hon keep selling meaning PPG is overpriced.
http://klse.i3investor.com/servlets/stk/annchdr/7190.jsp

PPG is near 52 week high not wise to chase now.

vews08 PPG now has competitor in Sasbadi hence one of their director keep selling. If read this week Star Parkson are planning to venture in F&B business.

If what Calvin(someone here said he is a conman) said is true why William Cheng is buying Parkson?

Mat Cendana nice to see you here and not ks55 own promoted counters. If Parkson is really bad do you think Tan Sri William Cheng will buy as has done past 3-4 months?

Parkson rebrands operations, enters new areas to boost sales
http://www.thestar.com.my/Business/Business-News/2015/11/17/Parkson-rebrands-ops/?style=biz

PRA still making profit? Not loss as ks55 and Adcool claim?

ks55 you ask people to attend KC Chong course. Why your chosen stocks like Mulpha and E&O both heavy indebted totally against what KC Chong teaches? Those having E&O better sell off now and wait at RM 1 or 80 sen to buy. E&O could be next candidate to have RI after Mulpha.

QR still not out? Must be bad likely since Stanley Thai is known anti-govn so people boycott Supermax gloves.

ks55 Mulpha is now having RI. Could E&O be the next one? Like Mulpha; E&O is heavy indebted.

Those who can hold just hold. In 2 more weeks Parkson will have share buy back. Adcool don't mislead people. Parkson does not own Lion Corp.

Never give dividend stock now ask for RI. How can a person who ask to attend KC Chong course like ks55 choose Mulpha?

Result delayed compared to last year 7th Nov. Must be bad. Glove demand must have reduced because so many competitors. No benefit seen from strong USD like last qtr.

National House Buyers Association secretary-general Chang Kim Loong cautions against so-called “zero entry cost” properties whereby the buyer does not need to make any downpayment as it encourages unnecessary speculation.

He advises renting instead if they cannot raise the initial downpayment/commitment fee for an affordable housing unit.

“Do not think that just because it is affordable housing category, one is eligible for a 100% loan (in this case 90% margin). Buyers must understand that it means taking out a back-breaking loan of 30 years and ‘slaving’ for the bank.

“They must understand their obligation to repay the monthly loan without fail and to regularly pay the maintenance and sinking fund as well as utility charges.

“If buyers could not afford to commit with their own funds (ie downpayment), he or she is strongly advised to rent instead. From the onset, buyers must know their legal obligations and moral responsibilities. There is a vast difference between buying and renting.

“If they don’t keep up with the monthly instalments to the bank, the bank will foreclose and the family gets evicted. It is only then that many realise that buying a house can be a nightmare. They will instead be house poorer,” he says.

http://www.thestar.com.my/Business/Business-News/2015/11/07/A-cautionary-tale-on-fairweather-liquidity/?style=biz

Those having E&O better sell now. Unlike Parkson which is net cash RM 431 million E&O is heavy indebted with net debts over RM 1 billion as at 30th June 2015. That still exclude incoming STP2 which need another RM 1 billion debt making total over RM 2 billion debts. As I said earlier sell now and buy at cheaper price is preferred. Why buy at RM 1.55? Why not buying at RM 1 or 80 sen when you can save money?

Why still people buy at RM 1.55? Why not wait at RM 1 or 80 sen?

Besides TTB Icap, there are also Tabung Haji, EPF, GIC, Public Islamic(Public Mutual) holding million shares of Parkson besides WC. Are they dumber than ks55?

I am just defending Parkson. I am sure TTB is not stupid to hold so many Parkson shares. Is ks55 better than TTB? Where to find his name in newspaper or TV?

Again I can say ks55 is a liar and repeat what I said earlier.

ks55 why you still here and not in Padini? You also mentioned what is cheaper is better for buyer so I like cheaper Parkson than Padini is it wrong?

ks55 if you are not interested here can you tell me which stocks you know got so much money to buy back shares like Parkson? Is it Padini?

ks 55 why don't you mentioned RM 150 million budgetted to buy back 116 million shares ie RM 1.29?

So if there is any people who want to sell Parkson at 80sen-90sen WC is even happier ie less than RM 100 million cash is needed to buy back similar 116 million shares to increase his stakes another 10%.

Last year WC increased his stakes through shares buy back by 10%. As the price has dropped Parkson will require less money to carry out another 10% shares buy back(less than RM 150 million(assuming similar 116 million shares buy back) a year which is over RM 100 million less compare to FY 2015). Now WC own about 60% Parkson so if coming and next year shares buy back he will increase his stakes another 10% making Parkson possible privatization target as free float shares become lesser and lesser similar to what Kulim now have.

(III) SCHEDULE OF SHARE BUY-BACK FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
No. of Shares
Purchased and Purchase Price Average Price Total
Retained as Per Share (RM) Per Share * Consideration
Monthly Breakdown Treasury Shares Lowest Highest RM RM’000
July 2014 5,917,000 2.47 2.65 2.54 15,034
August 2014 225,700 2.81 2.96 2.84 640
September 2014 610,000 2.88 2.94 2.92 1,781
October 2014 40,000 2.86 2.86 2.87 115
November 2014 3,217,300 2.32 2.52 2.40 7,706
December 2014 39,336,300 2.19 2.51 2.36 92,668
January 2015 11,373,600 2.45 2.54 2.50 28,444
February 2015 14,159,700 2.29 2.48 2.39 33,881
March 2015 16,924,600 1.90 2.49 2.17 36,713
April 2015 12,333,400 2.03 2.15 2.10 25,873
May 2015 6,662,900 2.00 2.17 2.10 13,963
June 2015 5,492,000 1.85 2.00 1.93 10,609
Purchased during the
financial year 116,292,500 2.30 267,427

(III) SCHEDULE OF SHARE BUY-BACK FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
No. of Shares
Purchased and Purchase Price Average Price Total
Retained as Per Share (RM) Per Share * Consideration
Monthly Breakdown Treasury Shares Lowest Highest RM RM’000
July 2014 5,917,000 2.47 2.65 2.54 15,034
August 2014 225,700 2.81 2.96 2.84 640
September 2014 610,000 2.88 2.94 2.92 1,781
October 2014 40,000 2.86 2.86 2.87 115
November 2014 3,217,300 2.32 2.52 2.40 7,706
December 2014 39,336,300 2.19 2.51 2.36 92,668
January 2015 11,373,600 2.45 2.54 2.50 28,444
February 2015 14,159,700 2.29 2.48 2.39 33,881
March 2015 16,924,600 1.90 2.49 2.17 36,713
April 2015 12,333,400 2.03 2.15 2.10 25,873
May 2015 6,662,900 2.00 2.17 2.10 13,963
June 2015 5,492,000 1.85 2.00 1.93 10,609
Purchased during the
financial year 116,292,500 2.30 267,427

only use up RM 267.427 million to buy back shares in FY 2015 not RM 2.1 billion like what liars ks55 claim. Problems of i3 or social media nowadays like what PM Najib claim has many liars or conmen out to destroy nation or company.

(III) SCHEDULE OF SHARE BUY-BACK FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
No. of Shares
Purchased and Purchase Price Average Price Total
Retained as Per Share (RM) Per Share * Consideration
Monthly Breakdown Treasury Shares Lowest Highest RM RM’000
July 2014 5,917,000 2.47 2.65 2.54 15,034
August 2014 225,700 2.81 2.96 2.84 640
September 2014 610,000 2.88 2.94 2.92 1,781
October 2014 40,000 2.86 2.86 2.87 115
November 2014 3,217,300 2.32 2.52 2.40 7,706
December 2014 39,336,300 2.19 2.51 2.36 92,668
January 2015 11,373,600 2.45 2.54 2.50 28,444
February 2015 14,159,700 2.29 2.48 2.39 33,881
March 2015 16,924,600 1.90 2.49 2.17 36,713
April 2015 12,333,400 2.03 2.15 2.10 25,873
May 2015 6,662,900 2.00 2.17 2.10 13,963
June 2015 5,492,000 1.85 2.00 1.93 10,609
Purchased during the
financial year 116,292,500 2.30 267,427

Parkson only used up RM 267.427 million to buy back shares in FY 2015 not what liars ks55 wrote. If you follow ks55 wrote I can understand he doesn't know how to read AR.

Posted by ks55 > Nov 2, 2015 05:19 PM | Report Abuse

You are right Mohd Iqbal. Tan Sri already used up 2.1 billion of PHB's money for his own agenda. i.e supporting PHB share price without due consideration for others. If you have followed the way he conduct share buy back, especially at 4.50pm during share buy back operation, you will acknowledge what I mean.

Wow another competitor for Padini-Parkson and not only H&M.

Share drop because profit drop or worse last quarter is a loss. Hopefully what WC has done will improve Parkson profitability in future.

Beside WC, Tabung Haji(8.71%), EPF(2.53%), Public Islamic(1.13%), GIC(0.74%) & Icap(0.94%) are top 30 shareholders.

Thirty Largest Registered Shareholders as at 30 September 2015
Registered Shareholders No. of Shares % of Shares*
1. AMSEC Nominees (Tempatan) Sdn Bhd 136,083,553 12.46
AmTrustee Berhad for Cheng Heng Jem
2. Lembaga Tabung Haji 95,218,780 8.71
3. UOB Kay Hian Nominees (Tempatan) Sdn Bhd 83,906,661 7.68
Exempt AN for UOB Kay Hian Pte Ltd (A/C Clients)
4. Kenanga Nominees (Tempatan) Sdn Bhd 63,716,378 5.83
Pledged Securities Account for Cheng Heng Jem
5. Affin Hwang Nominees (Tempatan) Sdn Bhd 56,750,284 5.19
Pledged Securities Account for Cheng Heng Jem (M09)
6. HSBC Nominees (Tempatan) Sdn Bhd 54,450,708 4.98
Pledged Securities Account for Cheng Heng Jem (105-710073)
7. AMSEC Nominees (Asing) Sdn Bhd 50,235,202 4.60
AmTrustee Berhad for Excel Step Investments Limited
8. RHB Nominees (Tempatan) Sdn Bhd 38,955,000 3.57
OSK Capital Sdn Bhd for Amsteel Mills Sdn Bhd
9. RHB Nominees (Tempatan) Sdn Bhd 28,220,337 2.58
OSK Capital Sdn Bhd for Lion Industries Corporation Berhad
10. Citigroup Nominees (Tempatan) Sdn Bhd 27,616,747 2.53
Employees Provident Fund Board
11. RHB Nominees (Tempatan) Sdn Bhd 19,482,987 1.78
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 1
12. RHB Nominees (Tempatan) Sdn Bhd 19,151,179 1.75
Industrial and Commercial Bank of China (Malaysia) Berhad
Pledged Securities Account for Cheng Heng Jem
13. RHB Nominees (Tempatan) Sdn Bhd 19,057,821 1.74
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 2
14. HSBC Nominees (Tempatan) Sdn Bhd 14,251,117 1.30
HSBC (M) Trustee Bhd for RHB Kidsave Trust
15. Alliancegroup Nominees (Tempatan) Sdn Bhd 13,728,721 1.26
Pledged Securities Account for Cheng Heng Jem (8119566)
16. MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd 12,807,861 1.17
Pledged Securities Account for Tan Sri Cheng Heng Jem (MGN-WCH0004M)
17. Amanahraya Trustees Berhad 12,339,714 1.13
Public Islamic Dividend Fund
18. Alliancegroup Nominees (Tempatan) Sdn Bhd 10,580,157 0.97
Pledged Securities Account for Lion Industries Corporation Berhad (8106442)
19. DB (Malaysia) Nominee (Tempatan) Sendirian Berhad 10,230,760 0.94
icapital. biz Berhad
20. Cheng Yong Kim 9,835,345 0.90
21. Maybank Nominees (Tempatan) Sdn Bhd 9,379,251 0.86
Asian Finance Bank Berhad for Trillionvest Sdn Bhd (SF)
22. Cartaban Nominees (Asing) Sdn Bhd 8,100,949 0.74
GIC Private Limited for Government of Singapore (C)
23. Citigroup Nominees (Asing) Sdn Bhd 8,003,627 0.73
CBNY for State Teachers Retirement System of OHIO
24. RHB Nominees (Tempatan) Sdn Bhd 7,478,000 0.68
Pledged Securities Account for Lion Industries Corporation Berhad
25. Lee Shin Cheng @ Lee Leong 7,201,300 0.66
26. Lion Realty Private Limited 6,672,882 0.61
27. HSBC Nominees (Asing) Sdn Bhd 6,504,587 0.60
BBH and Co Boston for Vanguard Emerging Markets Stock Index Fund
28. Citigroup Nominees (Asing) Sdn Bhd 6,253,298 0.57
Exempt AN for Citibank New York (Norges Bank 1)
29. RHB Nominees (Tempatan) Sdn Bhd 6,219,800 0.57
Bank of China (Malaysia) Berhad
Pledged Securities Account for Lion Industries Corporation Bhd - 2
30. RHB Nominees (Tempatan) Sdn Bhd 6,116,850 0.56
Bank of China (Malaysia) Berhad
Pledged Securities Account for Amsteel Mills Sdn Bhd - 3

Cash-rich companies a safe bet during tough times?
http://www.theedgemarkets.com/my/article/cash-rich-companies-safe-bet-during-tough-times

Parkson ranked no. 5 among net cash companies listed on Bursa.

Latest filing in Oct'15 WC increased his stakes to 59.92% or 0.46% increase. If WC know Parkson result going to be worse or loss as ks55
claim will he buy more?

Changes in Director's Interest (S135)

PARKSON HOLDINGS BERHAD

Information Compiled By KLSE

Particulars of Director

Name TAN SRI CHENG HENG JEM
Address A-16-1, Blok A, Satu Residensi
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
Kuala Lumpur
50200 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM1.00 each
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
12/10/2015
5,000
1.100
Acquired
13/10/2015
37,800
1.090
Acquired
15/10/2015
5,000
1.100
Acquired
19/10/2015
67,000
1.060
Acquired
20/10/2015
75,400
1.050
Acquired
21/10/2015
4,000
1.060

Circumstances by reason of which change has occurred Acquisition of a total of 194,200 ordinary shares of RM1.00 each in Parkson Holdings Berhad ("Parkson") representing 0.018% of the issued and paid-up capital of Parkson with voting rights by Amsteel Mills Sdn Bhd, a company in which Tan Sri Cheng Heng Jem has a substantial interest.
Nature of interest Indirect
Consideration (if any)
Total no of securities after change

Direct (units) 356,785,266
Direct (%) 32.650
Indirect/deemed interest (units) 297,924,529
Indirect/deemed interest (%) 27.270
Date of notice 26/10/2015

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4902825

In 2 July 2015(after June'15 qtr report) WC own 59.46% Parkson.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4796697

Published QR is 4 mths ago. It is still valid in Nov'15 as at today? Between last QR and now how has major shareholder WC deal with his shares? Buy or sell more?

paperplane2 why ttb avg down Parkson. Why not sell as he like to hold cash?

still financially better than many companies which have to borrow to expand.

Adcool you should know Parkson better than most of us here since you bought long ago. Part of the money is used for shares buy back. Some are used to buy shopping malls to increase future income.

MRCB - Potential Cash Call?
http://klse.i3investor.com/blogs/kenangaresearch/85265.jsp

Better sell and switch to cheaper but cash rich Parkson.

Where is Mohd Iqbal? He is the one I target. If he got balls please answer my questions.

There is further unlisted glove companies as well. What make Supermax gloves special from the rest?

Sorry miss out Comfort, Ruberex. What is so special that people must buy Supermax gloves?