so this is my theory, Hajiji becoming CM is a good for PWorth, in on of the talks, Safiee claimed that Hajiji was a proxy of Musa Aman which he had to come out and deny.. i dont see it going down further, their main problem is getting more land to cultivate to ensure that their factories run at 80-100%... and paying their bank loans ;)

I dont think Pworth is related to Anwar, RH has already sold off all his shares...

one day hero... LOL

stay away until it settles... not too sure how far the pullback will be

if you look at the trading pattern, i think someone is controlling it... dont think there is anything to do with margin calls.. buying Q can be 5-6 mill than it suddenly disappears but not much trades done...

was trapped at the 63rd floor... LOL

averaged a bit when it was at 9 cents, didnt have enough bullets

ive been holding this counter for 3 years now, i'll be happy if i break even

but the counter has been grossly undervalued, so it was only a metter of time before it played catch up anyway

@cheryee... with that kind of volume, am sure the owners are involved

total number of shares traded will supersede the total number of shares.. for it to swing that much, something is definately up.. but what?

what would really be funny if its closes unchanged..

counter has been undervalued for a very long time, should be trading at a min of 50 cents

So Hib has entered into a settlement agreement with Rex but it's confidential?? err, you are a public listed company, how are you not to make this settlement public?? As it is kena con of rm 300 mill...

standard SOP, play will 13-15 cents and than back down to 10-11 cents..

stop posting lumber prices, it's irrelavant for this counter. They dont even harvest enough as their factory capacity even before covid was at 45%, thats the main reason they have been losing money every year.

if privatisation then we will all be screwed...

KUALA LUMPUR (Aug 27): Parkson Holdings Bhd’s net loss for the fourth quarter ended June 30, 2020 (4QFY20) ballooned to RM209.25 million, from RM92.33 million in the preceding quarter (3QFY20), due mainly to impairment losses on assets.

Revenue contracted 3% to RM677.99 million in 4Q, from RM698.94 billion in 3Q, according to the departmental store operator’s filing with Bursa Malaysia.

The latest net loss compares with a net loss of RM42.13 million a year earlier (4QFY19), on revenue of RM954.32 million.

This is the group’s ninth loss-making quarter. Its last profitable quarter was 3QFY18, when it reported a net profit of RM25.30 million.

For the full financial year ended June 30 (FY20), Parkson’s net loss expanded to RM427.28 million from RM129.18 million a year ago (FY19), as revenue fell 19.36% to RM3.25 billion from RM4.03 billion.

On a positive note, the group said it had posted an operating profit of RM44 million in 2QFY20, compared with the RM57.92 million operating loss recorded in 1QFY20, driven by operations in China.

Operations in the Chinese market saw an uptick in terms of profitability, where it recorded a higher profit of RM89.48 million in 2QFY20, rising 45% compared with RM61.82 million in 2QFY19.

The group said it maintains a positive outlook on the retail industry in China.

With the effective control of the pandemic and the implementation of various measures to stimulate consumer spending, China's retail market has recovered gradually with consumer consumption picking up steadily.

Nonetheless, the group said it will continue to adopt an active and cautious strategy and diversify its business development by exploring various operation models to broaden its income sources.

As for the Southeast Asian region, Parkson said the operating environment is expected to remain challenging, amid competition and the Covid-19 pandemic.

The group has nevertheless taken various measures to weather the impact of Covid-19, as well as the challenges ahead. Much emphasis will be placed on cost containment, improving stores' productivity and optimising operational efficiency to improve results, it said.

Parkson’s share price closed up 0.5 sen or 5.56% higher at 9.5 sen today, valuing the group at RM101.39 million. Some 9.24 million shares were traded. Over the past 12 months, the counter has been trading between seven sen and 26 sen.

why you guys fighting, no one has a cryatal ball when it comes to KLSE ma... while it can get frustrating but the decision to buy is on your own

i sold on news, tbh, they are alittle bit late to the glove party...

Leading condom maker Karex Bhd is jumping on the glove bandwagon with plans to venture into the manufacture and sale of medical gloves. It will spend RM40 million to set up two production lines 12 months from today, which are expected to have an annual production capacity of 500 million gloves. Meanwhile, it posted a profit of RM1.43 million for its fourth quarter ended June 30, 2020, from a net loss of RM1.01 million recorded a year earlier, helped by stronger sales of its products in the Americas. Revenue grew 3.91% to RM91.09 million from RM87.66 million.

vaccine MOU?? think its fake news

the more you shout, the more this bugger goes down.... grrr

dont go chasing waterfalls...

err... i dont think so man, boarders will still remian closed until maybe mid next year... think about it, who is going to travel when you reach your desgtination, you get quarentined for 14 days, come back another 14 days... thats 28 days without even taking into account your holidays... people got so much of leave meh?

volume is steadly increasing but it always closes back at o.035... lets see if it can close higher today, the problem has never been the prices of timber, they do not have enough supply

cut loss yesterday, was a painful lesson

yeah, no buy volume at all...

better run first...

and the dumping starts

i wont be surprised if it does

correct la, they goreng down

not a very good morning unfortuantely

some peole would call that distribution...

yup.. all within 10 mins... crazy

the damn swings are scary...

i guess you have answered your question, parkson does not gave adequate cashflow

does not look like it... maybe got election play, who knows...

so state elections, i doubt that Warisan would be able to win TBH, after all they themselves got into gov through defections. But smart play to him, gave himself a lifeline

i dont think will limit up, i suspect it will go up gradually... PWorth got royally screwed over FMU5

shafie was very vindictive when he took over that he caused a lot of business that was linked to previous regime to suffer

lets see with the fall of the Sabah gov if this stock will move or not...

can only pray la, gave up on this along time ago... so many false starts, maybe when Shafie falls then only got hope..

@spartann, i bought at high prices, averaged down till about 6 cents...

i am... been holding for 6 years now

will be interesting tomorrow? i expect a pull back or some form of profit taking

get back license also no point tbh, they did not proceed with the purchase of FMU 5, think the total loss was close to 25 mill in writeback.. their main problem was that they never had a good source of raw materials as factory was only running at 40% capacity, with FMU5 gone, no idea how they going to solve that issue

back so square one right? when you get your hopes up, damn counter does this to you... lol

think its left hand change to right hand.. be weary

aiya, can only hole la, hope it does not U-turn in the afternoon.. so many false start