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2017-06-06 20:52 | Report Abuse
WTF man. What's going on in PRGL? Dude this is insane!!! Parkson Bhd's stake in PRGL is worth more than its entire market cap!
2017-06-06 17:30 | Report Abuse
Damn didn't hold. Still lots of room.
2017-06-05 23:14 | Report Abuse
CCB....well, safe to say this one is being sold by institutions. Hard to regain glory days.
2017-06-05 22:14 | Report Abuse
Sanatan, just wait lah. Buy at 0.82, then buy again at 0.75, and again at 0.70/0.65 if it ever goes that low. This company is effectively owned by MISC and by extension Petronas. It will get projects, no question. MISC FPSO's will need to be built/converted here.
Buy for the long term. Just wait for 0.82 (and pray no good news in these next 2-4 weeks).
2017-06-05 22:01 | Report Abuse
Time for the big fish to exit.
2017-06-05 10:23 | Report Abuse
PRGL up by another 7 cents so far, Parkson Bhd is down 0.005 sen. I mean, WTF? How can there be such a divergence? I feel like this is a classic case of a mispriced security...but I don't have the guts to go all in. I am going to "wait and see" and learn...but I may regret not throwing in everything at 0.575.
2017-06-04 21:15 | Report Abuse
@Mmzai...buy the rumor, sell the news. Of course if you are not LONG TERM, sell right before they announce the actual quantum.
2017-06-03 23:50 | Report Abuse
WTF does CPO price have to do with AA?
2017-06-03 15:52 | Report Abuse
If AAC truly happens, how much special deividend can we expect?
2017-06-03 13:23 | Report Abuse
Still waiting for weakness in the share price. Penang mainland property market outlook is also looking rather subdued. Lower my entry price to RM1.35-RM1.38 from RM1.42.
2017-06-03 00:36 | Report Abuse
Going in to FBM70 is of no use, since there are no index funds tracking it, unlike the KLCI.
2017-06-02 19:32 | Report Abuse
Walao, consider we are at RM3.33 before dividend. I can't wait for 17 sen more to hit RM3.50 and nope the F out of here.
2017-06-01 20:16 | Report Abuse
What baffles me is that PRGL is at a 52-week high and Parkson is at an ALL TIME LOW? I mean there's too much disconnect here. As PRGL has continued rising in the past 6 months, Parkson Bhd has been gradually trending downwards.
Now, who is more right? Parkson Bhd's investors or PGRL's investors?
Fascinating to see how this plays out in the coming months/years. Certain that I will love lots of invaluable lessons from this, no matter if I end up making a ton of money or losing a ton of it.
2017-06-01 17:00 | Report Abuse
In the short run, the market value may diverge from the intrinsic value. But in the long run, the market value will always diverge with the intrinsic value.
2017-06-01 11:47 | Report Abuse
No gap up, agreed. But when Kraken comes online, possibility we go up to RM0.85, and thereafter consolidate until Q2 earnings are out, after which it might power up to RM0.90. Barring any major issues, my year-end target is around RM0.95-RM1.05.
2017-06-01 10:30 | Report Abuse
Sirs, many thanks. That is some good insight.
2017-06-01 08:58 | Report Abuse
I can't read the chinese stuff, sadly :(
2017-05-31 20:37 | Report Abuse
Is like Q4 '16 results? Time for us to power up to the next heights? Yes please!
2017-05-31 19:27 | Report Abuse
Damn man, dodged a bully there! I managed to come in 0.57, out at 0.74. Phew. Something just didn't feel right. What's wrong with this company? Pintaras and Econpile are reporting stellar earnings.
I will buy back once it reaches RM0.50.
2017-05-31 19:22 | Report Abuse
Dolly dun say like this ma, someone's might be reporting you for making sensitive statements. Careful. You know the month is what month right?
2017-05-31 17:29 | Report Abuse
Vincent1368, it is in these darkest days that the best returns can be achieved. To me, compared to 3 months ago...the fundamentals have not changed...in fact looking at PRGL's results, the fundamentals have improved. So I'll be the first to admit if I made a shitty investment...but in the words of Graham and Lynch...you don't sell unless the story changes.
I'm in two minds as to whether I should double down or not...cause I do see some other promising investment opportunities too.
2017-05-31 14:30 | Report Abuse
free2invest, I believe the new revenue/income from the 4 mega projects will do enough to alleviate Armada's debt concerns. Not to mention a potential one-off payment from Woodside.
2017-05-31 14:29 | Report Abuse
Thank you Knownfact and Specter.
@Knownfact, actually I was wondering, the RTA in the new building when will become operational? They just buy the land in January. Did the MD not speak about it?
2017-05-31 14:23 | Report Abuse
free2invest, if you read the annual report management has already said they don't want to do that...but you never know lah with these people. Still I think it's a small chance only, but something to keep in mind should it come to that. Bail immediately for the rights issue in any company with market cap above RM500mil.
2017-05-31 14:13 | Report Abuse
Yeah @mikekim, the leverage seems to be an issue at the moment in preventing Armada from contesting major FPSO projects. Two or three really good quarters will be of a lot of help to ease the leverage concern.
I believe they are gunning for a smaller FPSO in the near/mid term (AndaiAndai in Indonesia and PNGC 98/2 in India which will use a repurposed Armada Claire). In the longer term, by perhaps Q1 2018, they will be in a position to undertake a larger project like Kraken/Olombendo.
My one concern is they go down the route for a rights issue - that would be unforgivable and I will bail immediately.
2017-05-31 13:30 | Report Abuse
Keep your horses in check. Turnaround is just the first phase. Hard to say how the market will react. It will probably go higher as management has confirmed first gas for Karupan Sterling III, which I believe has not been priced in. Also, the price has fallen a lot in recent days, time to make some back up again. I think RM0.75-0.76 is possible by the end of the day. The balance sheet is stronger, and lingering fears of unsuccessful turnaround have been put to bed. So yay for that. But don't cheer so fast...still a long way to go to getting full profitability.
2017-05-31 13:21 | Report Abuse
I think this is the first time they have acknowledged First Gas in Indonesia (Karupan Sterling III)? There was zero media reports about this. So this means all that remains is the Kraken going live, then the Fab 4 will be in full swing!
2017-05-31 13:18 | Report Abuse
Quote:
In the first quarter of 2017, we started operations on both the Armada LNG
Mediterrana FSU and the Armada Olombendo FPSO in Malta and Angola,
respectively. We have also recently received first gas on the Karapan Armada
Sterling III in Indonesia and we hope to soon deliver first oil on Armada Kraken in the
UK sector of the North Sea. Full charter income from all these projects will result in a
significant improvement in revenue streams for the Group throughout 2017.
2017-05-31 13:14 | Report Abuse
Back to black baby!
Now this sets the tone for further recovery in Q2, and by Q3 or latest Q4 we shall see the full power of all four new projects unleashed. Keep in mind Q1 results have minor contribution from Olombendo, which on its own should be contributing RM200mil++ per quarter to the topline.
2017-05-31 00:54 | Report Abuse
Actually strong RM is beneficial for ES Ceramics, since their raw materials are imported (i.e. ceramics). They sell their product mainly locally (Malaysia + Thailand). With lower average FX rate, this Q should have less cost pressures.
2017-05-31 00:39 | Report Abuse
Come on lah. Share more news from AGM. What about expansion? Did they talk about the third particleboard manufacturing line? When does it come online? Same with the additional RTA factory being built on the adjacent line - any timeline for commencement of operations there? What is their tone for the outlook of the company in the near to mid term?
Thanks!
2017-05-31 00:32 | Report Abuse
Wow Manulife offloading...doesn't look good here.
2017-05-31 00:12 | Report Abuse
Have faith Steve. I bought at RM0.64, I'm steady ni. It will take time, but should Parkson turnaround, you're looking at a multibagger here. Just wait. Cut loss when it drops below RM0.50.
2017-05-30 23:54 | Report Abuse
31/5/2017 is the final day...can we get back to above RM3? Or fall below RM2.90? What happens tomorrow will set the pace for the next quarter or so.
2017-05-30 12:20 | Report Abuse
Bearish stock now. Won't sell, still hold till it goes back to 3.50 inevitably in 3 months time.
2017-05-30 10:12 | Report Abuse
RI impossible to cancel lah. It's a huge RI ok. Not some kuci mayam one. They need the money or else their debt will keep eating into profits.
2017-05-30 08:59 | Report Abuse
In the short term things like FX matter, but in the long term fundamentals will always prevail. Pick which side you're on (investor or trader).
2017-05-30 02:50 | Report Abuse
http://www.scmp.com/business/article/2096053/hong-kong-stocks-inch-lower-lukewarm-turnover-expected-festival-looms
Interesting, seems like speculative buying due to a potential tie-in with an e-commerce giant?
2017-05-29 18:55 | Report Abuse
So cool, will have decent results. Not great, not bad. In black ink. That's most important. Ayuh, kit a nantikan sama2
2017-05-29 16:33 | Report Abuse
Jokers man, the lot of you. Who gives a damn about elections.
2017-05-29 10:41 | Report Abuse
PRGL has gapped up today. What's the reason?
2017-05-29 09:26 | Report Abuse
It depends Toto, all their profit from now on must be passed to some kind of an Islamic zakat fund. They can't keep the profit (except if they sold it on the first day). They can only recover the cost of their investment. For those who bought in RM1.30-RM1.45...I figure they will just sell and move on to other compliant counters. Otherwise their money is just stock for no reason...best deploy it elsewhere.
Stock: [PARKSON]: PARKSON HOLDINGS BHD
2017-06-06 21:04 | Report Abuse
PRGL market cap is HKD3.64 bil. PHB owns 53.5% of PRGL. 1 HKD = 0.55 MYR.
Therefore PHB's stake in PRGL is worth RM1.07 bil.
Current PHB market cap = RM645 mil.
This doesn't even count its stake in PRAL which is worth around RM200mil.
Now the question is, is PRGL rising based on unfounded speculation...or do the guys there know something we don't? If PRGL's ascent is lasting, then sooner rather than later PHB's valuation will also catch up, no doubt.