The announcement through Bursa is sometime delayed. The governance isn't that strong actually and that give the big fish some leeway to cash out.

It will continue to drop until the next release of quarterly report in August 2014. Then it should drop further before breaking even at Q3 whereby the results should be stabilized by then comparing to YoY.

The thing to note is Parkson is still making profit but lesser due to China and Vietnam. 2011 and 2012 were such an aggressive growth in China and no doubt the consumer spending was much higher than now. The expectation was too high for Parkson.

If you can't keep this counter for long term, better cut loss now. Or if you can wait until August and start accumulating some in September and wait for the uptrend to recover some losses.

Else, keep for long term for its dividend and potential growth. For now, my personal opinion is to HOLD until August and September before buying.

I learnt a good lesson from MAS. Higher passenger volume does not necessary reflect higher profit. All back to cost management while maintaining or growing the revenue market shares.

The strategy now is to build more malls and operate on its own rather than lease the space from others. On other hands, to further expand in countries such as Vietname, Myanmar and Indonesia whereby the market isn't saturated yet for retails store such as Parkson. Besides that, I get to know that they are trying to build and develop up a Parkson own brands on Apparels.

Analyst reports shouldn't be viewed that seriously. Just look at their previous calls. Such a big difference in gap in term of Target Price. They too look at the quarterly results to do their analysis.

Finally it's 2.49. I agree JimYeoh and to wait until the Q214 results is out in August.

Mr Koon, politic is beyond economic sense, logic sense or even common sense. Politician will do whatever it takes to remain in power. To them, the end justify the means and not the means justify the end.

With the mess we are in now, I don't foresee Malaysia could be ever on par with Singapore, Taiwan and South Korea in the next 10 years or when we reach 2020. Wawasan 2020 is only a local Malaysia benchmark/standard to say that we are a developed nation.

Our local Malaysia standards have always been sold and marketed by the Ministers to be the best of class and no 1 in the world. Our education minister lately claimed that our education is even better than developed nations but yet he went on to spend millions of consultancy fees to develop an education blueprint. We are already best in class as per what they continue to drum on.

Forget bout the lower ranking of public universities, lower rating on our students assessment scores, unemployed graduates, poor literacy in English language, because all these mean nothing when we still producing thousands of Straight A's students in our PMR and SPM examination. Woohoo!!! Our Ministers believe in that!

In contrast, yet our Ministers sent their children to overseas or private schools for education and pay thousands and thousands for it. The reason, they want their children to get 2nd best education since the first class education in Malaysia should be reserved for common Malaysian children. Such a heart warming sacrifices and that get them 49% of votes in the last GE.

Can smell 2.50 coming....

Don't close down MAS but unchained it from political controls. Let it operates fully as a business entity. If they close MAS now, Khazanah will lose out a lot and whether you believe it or not, Khazanah is funded by tax money.

I disagree with Mr Koon on this to close down MAS but to actually work towards a balance approach and with much planning and strategy instead of an emotional one. It isn't about just closing MAS but to weight against the chain effects and potential impacts of such move. Should the government really shut down MAS, what would follow then?

1. 20000 of MAS employees and their dependents would lose their income and put into a financial limbo.

2. Existing debts and financial loans from the financial institutions are greatly reduced and write off. Can our financial institutions bear this loss? We are talking about billions here.

3. Existing suppliers, service providers, agents, etc would be adversely impacted. First, they would lose existing and potential businesses with MAS. Secondly, for those who operates on credit, they would have to write off the receivables from MAS since they are not going to get back any.

4. With the suppliers, service providers, agents, etc business affected, this would cascade down to their own employees. So, there may be a downsize or even closing of businesses and layoff of employees.

5. With 20000 employees from MAS and additional layoff employees from other organization due to the chain effect, would there be any impact and financial stress on the debt/loan repayment ability? There may be risk on loans default which could snowballed.

6. Last but not least, with MAS out of the picture, which airline can actually fill in the gaps on the routes/network connectivity between cities in the world? This actually bring in businesses to Malaysia and the region.

I'm not saying that MAS should continue to receive bail out from the Government. What I am saying is MAS should be viewed holistically and strategically and should it needs to be revamped, should be it. However, I strongly against the call to just shut down MAS, once and for all. It isn't that simple. Like the saying goes, Measure Twice, Cut Once.

We need to be objective here and not of emotion one.

To be fair to Mr Koon's article, he was only giving a scenario on how to select a long term investment counter. He has highlighted the key point of "competitive market advantage".

And by relating to this point, he highlighted that both Malaysia and Indonesia have the competitive market advantage in term of oil palm industry as both China and India can't produce palm oil due to climate and soil conditions.

He used Batu Kawan and KLK as examples to further strengthen his point. I saw no remarks of Mr Koon suggesting ppl to buy into these counters. In summary, he was just saying that oil palm industry in Malaysia and Indonesia has the competitive market advantage and should be viewed as a long term investment and you could further maximize your profit by leveraging on margin finance and the cyclical cycle of shares market. Not necessary buying into Batu Kawan or KLK but there are other plantation counters out there.

Agree with tshwong....save your capital and wait for Q2 announcement in August 2014.

Parkson is buying back its shares again. From 16 May - 29 May, a total of 10523000 shares were bought back for a total purchase of 28.2 million.

Result is nothing spectacular. Expect counter to be inactive for the next 3 months.

I noticed new brands and design brought in by Parkson. There are more choices and selections for apparels. However, Parkson approach does not appear for the mass market as in term of pricing, AEON is much more competitive.

This could due to the quality and generic brand that AEON is carrying. I believe that Parkson is focusing on the more affluent groups of consumers and looking at the economic trend, more successful young executives would rather shop at Parkson or Isetan. But for families, AEON and Metrojaya are still the choice.

It s just like Giant, Tesco and Aeon Big (previously Carrefour) competing with each other. But the likes such as Jaya Grocer, Cold Storage and Jusco Hypermarket are nt competing with Giant, Tesco and Aeon Big. They are focusing on the upper market offering different products.

Else not, why Aeon went in and bought Carrefour and renamed it as AEON Big at the first place since they already have Jusco Hypermarket. It s part of the strategy to capture different markets.

I been wondering how come no ppl aware about this internet thingy in school. For all your information, the current wireless provider in the school is under YTL through the program named Bestari Net. In order to provide 4G, YTL just need to change some minor card in their tower servers and then it is good to go. YTL has the spectrum to provide 4G.

Hence, the contract would definitely go to YTL and nobody else. They have even built the network tower in the school compound. Drive to your nearby school and look for this high pole that stick out in the school compound. If you can't find it, go there at night and look for the red beacon that flashes at night. It s a network tower for good sake and yet ppl is complaining bout Telco Towers being built near to residential areas.

Now every school has one and all your children are being beamed by the wireless signals everyday when they are in school.

what some good news except for quarterly result announcement? It got announce by 30 May.

I don't think it's a wise choice to keep averaging in Parkson as it is still falling. I won't change my position in Parkson until Q2 2014 report is out in August 2014. Expecting another round of price falling by then.

My current avg is 3.40

I have been averaging since it is down to RM4, then I waited and thought it would be bottom tank at RM3.50 and I average more. Then at RM3 and now we are looking at RM2.50. Think this time i will wait for RM2 first. :)

As much as I would like to attend the seminar, unfortunately it clashes with my schedule for a church camp. Hence, I won't be able to make it. I have posted my earlier comment on your previous blog regarding the credit tightening in China and how it may impact the CPO price negatively. What is your view on that Mr Koon?

In addition, TH Plant posted a good Q1 results but yet Maybank investment recommended a Sell call for it. I noticed Maybank Investment is concern on the escalated cost of operating due to more matured areas to manage and even recommended a TP of 1.65, saying it is a premium compared to its peers.

Good results but Maybank said its earning disappoint. Sometime, I wonder if those analysts got any hidden interests in some of the counters that it is covering.

tshwong, why are you aiming for 2.50? you see the potential of it going uptrend in near future?

22nd May Q1 2014 results out. Looking at PRA and PRG results, Q1 2014 results gonna be weaker than Q1 2013 results. Next, the analysis will all recommend Sell and hence the drop again.

Majority of Westports containers volume is of Transhipment. Hence, Malaysia GDP won't really impact much. FYI, local container volume (import n export in Malaysia) is actually around 30% of total containers throughput in Westports as per 2013. If Westports going to make more profits, it depends on the world economy because the Transhipment volume will increase. Besides that, it also depend if PKA would actually review the container tariff which hasn't been reviewed for long.

Major cost for Westports are fuel, electricity (because QC actually run on electricity and not diesel), and manpower (you need a lot of manpower to operate the machinery and running the port 24x7)

This counter would probably need another 2 quarters to recover and see positive trend. It s disappointing to see how a share from RM6 reduce until the current price of 2.70. It has been almost 2 years since the down trend and yet it hasn't stop. Guess Parkson really need a thoroughly self check to assess how it could stop going downtrend further.

Wah Ren Bu Fei = Chinese isn't fat

Anyone of you have received your dividend payout? I yet to receive it in my trading acct.

This counter is so boring....no activity, no announcement but tons of capital and the management don't know what to do with it.

Wait for the quarterly report first...

Already mentioned earlier that they will play the game....negative news and then positive news. Think some connected parties have made millions in a day.

Releasing Q1 result this 22nd May. Gonna drop further once the results are released.

The game has really started. The question now is whether you dare to take the extreme high risk. If you enter MAS now for 0.15 for let s say 10 lots which cost you RM1.5K, you either make it RM1K in few weeks time or lose the whole 1.5K.

Same thing with 15K, either you make 10K or you lose it all. Do you want to take this bet with MAS?

The previous buy back was to give bonus shares. As for this round, not sure what's the objective. On 16 May, the company has spent around RM 3.6 million for shares buy back. The accumulated % now of treasury share is at 2.54%

It broke 0.20...Let's wait for 0.15 - 0.18. This counter going to be a speculated counter soon when the MP starts to debate bout it in the next parliament sitting in Mid June.

Think this time it will break 0.20 and all the way down between 0.15 - 0.18 as targeted by the analysts.

Uncle Koon: What is your take on the consumption level of China on CPO? It was reported last week that the commodity fund managers are actually speculating the price of CPO by leveraging on credits from the bank. As tightening of credit is happening in China, these fund managers could no longer leverage on credits to purchase more CPO and store them in storage tanks around the port areas.

In addition, their storage level is reaching maximum level and hence the purchase of CPO got to be soften somehow. If all this excess CPO is released into the market, it may reverse the supply-demand theory. There could be more supply than demand in China. Wouldn't this affect the CPO price in the mid term?

Surprise that the price holds on today. Give me until mid next week before I consider taking the plunge. This is an extremely high risk counter for those who is wondering. You either get something or you lose everything.

Poorer performance from PRA and PRG arent helping. Unsure when the poorer performance would bottom tank. It has been more than 5 quarters since it started to perform poorer in term of net profits. Think it will further decline in price with the release of financial results from PRG and PHB later this month.

Time to use your "bullets" if you still believe in Parkson. Wait for the results and lower price before entering.

drop again.....what is happening? Any comments?

Negative news on Palm Oil Import in China due to credit tightening. May affect the demand again.

Government has announced not to bail out MAS. I think the game just got started now.

First round: depress the price further by giving negative announcement.
2nd round: start collecting when the price is low
3rd round: once collection is done, all those with "networks" will wait for the 180 degree turn of the earlier announcement
4th round: Government overturn its earlier announcement saying they are looking for some kind of partnership or some kind of strategic plan and investment to spin around MAS as MAS is a national carrier and economic enabler.
5th round: MH370 is found and then everything seems clearer and brighter now for MAS.
6th round: Government announces a not confirmed takeover offer from 3rd party
7th round: Price start to appreciate and time for the "network" fella to offload their cheap shares and earn millions.
8th round: Things die down and ppl are back to stuck at the appreciated price with no catalyst to push further. Got to wait for another round of bad news and good news.

Anyone here knows when Parkson going to release its 1Q14 financial results?

Don't think this chart applies to corporate world or career but more on a personal front. In general, successful in life. Not necessary related to wealth as success's definition is vary to each person.

After the payout, the treasury shares are now back to 1.89%. If Parkson keeps buying again aggressively in the next few weeks, that would means a potential of another shares dividend in near future.

Already received the shares dividend and believe many are selling. Hence, the price drops today.

gsh7788, the share price in the market is different from the unit of currency that we use everyday. Just to highlight this further, refer to below:

RM1.00 (share price) = RM1000 (actual value)
RM0.10 (share price) = RM100 (actual value)
RM0.01 (share price) = RM10 (actual value)

Hope you get it this time.

Payment date is 25/4/2014

If the price drop to 0.100, then you still have RM1000 since you have 10 shares.

As commented earlier, the NTA is 0.24....and with 10% premium you will get 0.265. I don't think anyone in their right frame of mind would offer more than a 10% premium with the current issues and problems with MAS.

The other alternative is to slice and dice MAS after privatization. All those subsidiaries which are doing well will get listed again while the MAS airline and MAS Kargo remains privatized.

For minority shareholders like us, you got to accept the privatization of 0.265. Khazanah with its almost 70% shareholding in MAS may probably be the one to privatize MAS. Then restructure it and list those profitable subsidiaries in order to recoup back their investment. Next, find someone to buy MAS and MAS Kargo or get the Government to continue to subsidize these businesses.

40 cents to me now is impossible unless the Government would want to bail out MAS with the Gov fund and allow Khazanah to exit MAS. Khazanah subscribed to the right back then with 0.23 cent. If 0.4 bailout, Khazanah already made 0.17 cent profit.

If not mistaken, the buying has to stop soon as it is reaching the max of 10%. Now it stands at 7.28%.

Parkson is still doing share buy back but it isn't supporting the share price.