The doomsayers seem quiet today. I bet they have been losing big time all their life. Their silly hope for Parkson to reach 50 Sen won't materialise. They don't have the foresight nor the ability to see value right in front of them, so how to make good money? PRGL did a high of 1.43 this morning, up 13 Sen.

Agreed.

Panic buying will come in later when last quarter results is announced.

Prices of rebar still​rising. Lion will continue to benefit from the firm prices:
https://www.metalbulletin.com/Article/3731742/Steel-All/Chinas-spot-rebar-prices-rebound-amid-billet-gains-active-trading.html

Even Alibaba's boss, Jack Ma bought into Intime Department Stores early 2017 paying HK$10 a piece or HK$19.8 billion. The offer was approximately 42% above the closing price of Intime. For Jack Ma to buy into the physical retail business, do you think he is stupid, meh if there is no future?

The business turnaround in China is gaining momentum. The last quarterly result was a very positive showing. Watch the share price of Parkson Retail Group closely as it is uptrending for the past 52 weeks and close up 5 sen on Friday @ 1.29. I expect the price recovery of PHB to be swift and fast when it reports profits in the coming quarters. The upcoming June 2017 quarter should be good.

I meant not owned by WC and the Lion Group above.

If I'm WC, I will take it private. Not much to pay if he offered 1.00 - 1.20 for all outstanding shares by him and the lion group. With the Parkson group in net cash position and many assets not yet revalued, it makes business sense to privatise the Malaysian unit since investors do not afford the shares it's fair value. I hope TS William Cheng Heng Jem consider my suggestion. Cheers.

Joetay, please share some of your better penny stocks for the benefit of all here. I'm also curious to see your recommendation.

Lion188, I like your arguments. I'm sure you have been successful in the stock market. You can see value when most can't. That is why the majority are losers while the minority are winners. Cheers, have a nice day.

Rebar prices still rising:
http://www.sunsirs.com/uk/prodetail-927.html
https://www.metalbulletin.com/Article/3730045/Steel-All/Chinas-spot-rebar-prices-up-further-amid-billet-gains.html

Prices of rebar continue its ascent:
http://www.sunsirs.com/uk/prodetail-927.html
https://www.metalbulletin.com/Article/3729726/Steel-All/Chinas-spot-rebar-prices-up-amid-rising-futures.html

http://www.sunsirs.com/uk/prodetail-927.html

Prices of rebar rebounding strongly in China. Can expect Lion to post good results in the next few quarters if the trend sustains:

https://www.metalbulletin.com/Article/3728909/Steel-All/Chinas-spot-rebar-prices-rise-again-after-billet-hits-new-four-year-high.html

https://www.metalbulletin.com/Article/3728502/Steel-All/Chinas-spot-rebar-prices-keep-rising-amid-active-trading.html

No, going to RM 2 before year end.

http://www.theborneopost.com/2017/06/28/physical-retail-stores-still-relevant-in-todays-digital-world/

Agreed with the above findings and observations.

https://www.metalbulletin.com/Article/3728173/Steel-All/Chinas-spot-rebar-prices-rebound-on-futures-billet-gains.html

You obviously appear to be a greehorn in the corporate world based on your assumptions above. You appear to have a grudge with WC's companies. So you are probably an unhappy ex-employee or have a loss a bundle dabbling with WC's companies when the prices were high in the past. Either way, you don't seem to be making your point here on Parkson.

Thank you, William Cheng for putting the record straight on the online business, your shareholdings and properties owned by the Parkson group. Hopefully, the smart ones will be able to see the value.

William_Cheng Agree. Many online business turn out to be fake 1. Be careful. Instead of saving some money you might lose 100% your money buying online.

William_Cheng I last bought at 75 sen. Still own 59.79% Parkson. My true name is TAN SRI CHENG HENG JEM. Don't be fooled by untrue postings here. Even our PM Jibby always warn untrue social media news.
https://klse.i3investor.com/insider/director/5657/06-Oct-2016/120527_3062074081.jsp
27/06/2017 05:40

This is why I say Parkson is a great buy at current prices. However, most analyst are slow off the block and will only start to recommend after the company has fully turnaround and after the house has stocked up the shares as stockist. Then they tell you to buy to profit from your buying as there is no free lunch in this world. So, the majority of market players are followers who can't see value when it's right in front of their eyes. These players never learn as memories are short and repeatedly lose money year in year out. For those that believe in the parkson turnaround story, I wish you well and please hold tightly to your shares as the physical Retail market will eventually rebound soon.

Ks55, I'm afraid you got most of your assertions above wrong. Please take a good hard look at the AR of the three companies and their latest quarterly announcement and it is not all doom and gloom. I hope you know how to read and interpret the financial statements. Online business will never ever be able to replace the physical retail business. Have a nice day.

Buy the warrant - WC. Expires in Nov 2024. The returns would be excellent in the future so long as the mother share continue to perform and pay good dividends, cheers.

This stock is still a great buy at current price, cheers.

My bet is on Lion winning.

Steady close in a weak market. Better days ahead, I'm sure.

Huge infrastructure project requirements to drive Lion's steel supply and profits. Hold tightly to the shares as the price is still cheap.

If you believe in what you say then don't buy even at 50 sen. It does not make sense. The difference is only 8 sen. You need to be credible in your argument. If you strongly believe that parkson is so bad, then 50 sen is a lot to pay for all that you have mentioned above. Just remember, it's no point comparing with companies which are in trouble due to over-gearing. Companies should be looked at in isolation. Parkson has no connection with WC's steel business. Anyway, you're entitle to your opinion and I wish you well in your stock picks, cheers.

And dumb dumb lose loh!

Ks55, the counters you recommend above are no doubt decent companies worth investing. Having said that, it does not mean that parkson is not a good buy at such depressed prices. It's during such periods can you get to buy companies with good market repute and share for pennies. So you need to look at the circumstances that has resulted in parkson losing currently. It's beyond most retail businesses operating in a big way in markets like China, Malaysia and Indonesia. They all have their local issues which has caused a temporary slow down in parkson's business. Tell me how many businesses in this world that did not ever experience a slow down. It's during times like these that you get the opportunity to buy such good cash generating assets for a song. If parkson is still profitable, do you think you will be looking at the current price? Take a good hard look at their assets and the good cash flow they generate and you will realise that it's a great buy. Most analyst recommendations result in people losing their pants. They will tell you to buy even at sky high prices obviously with an agenda and will tell you to sell even when the share is selling at dirt cheap prices when they start to report lower profits and/or losses. So tell me how are you going to make money when these analyst change their recommendations overnight like changing clothes the moment the companies they recommend suddenly start reporting losses. You will be caught with your pants down after buying into these high flyers. So stay safe and remember, He who is low fear no fall. Goodnight.

Why talk about JAKS which is not going anywhere daily. Don't you guys feel like getting sick? It's a supermarket out there with plenty of great buys yet you guys see nothing but this hell foresaken stock, shsssh. I bet you guys have been losing big time in the market cos you're not leaders buy simply following blindly. Hope you guys come to your senses soon.

Prgl up another 9 sen today to close at 1.36.

Based on current price, there is no other steel stock that is a better buy, cheers.

Agreed. The best steel stock to accumulate on Bursa.

Further improvement in billet and rebar prices in China:
https://www.metalbulletin.com/Article/3724441/Steel-All/East-Chinas-spot-rebar-prices-rise-on-billet-gains.html

Sell house, sell car, sell wife (ha,ha,ha) Bo ho, lol. Always buy with cash that you can spare. That way you can hold till the share has reached its fair price, cheers.

More good news from China:
https://www.metalbulletin.com/Article/3723747/Steel-All/China-AM-Futures-move-up-on-physical-market-support.html

Rebar prices on the mend in China. See link below:
https://www.metalbulletin.com/Article/3723756/Steel-All/North-Chinas-spot-rebar-prices-rise-further-on-active-trading.html

Well, I highlighted end of last week that profit taking was probably over and l reckon that Lion would start to move this week and chart a new high. So, it came true and closed very strongly today. Can expect a good fight tomorrow being the last day of the week for Lion to keep it's gains. Hope all that is following this stock is adequately rewarded, cheers.

Icon8888 Stock market is no place for grandstanding

Once you are arrogant, you will fail to see opportunities

Agreed. If you want to make money in the market, then be professional about it. Don't say you like this chap or not. If the stock offers a good buy and there is a high degree of making profit, then go ahead and buy. Cheers.

Agreed.

UOB Kayhian has a buy call on 2.6.17 for short term target of 1.36 to 1.39 based on the Ichimoku chart. Timeframe to achieve target ranged from 2wks to 2 mths. We are also done with sell in May and go away. You guys decide whether can buy cheaper, cheers.

Totally agree with you erkongseng. Charts never lie as they slowly unfold. They represent the positive views of investors/traders in the market when a certain stock is on the mend.

Like the saying goes, In the short-term the market is a voting machine but in the long term it's a weighing machine. So, be patient as patience is virtue.

Only rogue traders dare buy China stocks at 3 sen and the stock is awaiting to be suspended. Mine you, the management is not credible as expounded by the self proclaimed super investor yet he ploughs more money into the share. You guys decide.

Reputable investors like Tan Teng Boo, Dr. Tan Chong Koay, Neoh Soon Kean, TS Cheah Cheng Hai, Fong Siling, among others, won't put one cent in such companies. Only our self proclaimed super investor from Ipoh would. So, I'm still trying to grapple with the thought how he made his millions in the market. Was it sheer luck like when he bought the Hang Seng when no one would during the crash or was it just pure luck when he wagered on furniture stocks in the early up cycle during the ringgit's depreciation Vs the USD. This is because the tactics employed by him smack off more of a rogue trader than anything else. Leave you guys to decide.

These Chinese run companies listed on Bursa gives China a bad name. None has been well managed and to make matters worst, they seem not able to issue quarterly reports for all the wrong reasons.

Read the company's announcement carefully and you will realised that it will be suspended by 8 June 2017, this Thurs. Why put more money in when the management is not credible? It shows self proclaimed super investor is foregoing all his golden rules.

This morning PRGL hit 1.41, up 0.09. When will PHB play catch up? Time will tell, cheers.