If PARKSON Malaysia share price do not go up ,at least there is NO GOOD REASON for it to fall sharply . 16 sen is the lowest price since WILLIAM CHENG own it ,maybe he is getting too OLD and need to rest at home RECOVERING from the SHOCK of all his listed shares
Robert Kouk is the SUGAR KING and the government is now BEGGING him to buy a stake in MSM and is still growing STRONG.William Cheng as that time is known as the STEEL KING with AMSTEEL and the LION GROUP ,maybe he get FULLY RUSTED and not able to get the rust off
Parkson retail share price HONGKONG up 16% this morning and last Friday up 10% but Parkson (M) Berhad only up a miserable 6% to close at 19sen for the morning trade but buying above 20 sen will need a strong appetite .China is quite insulated from world market woes because of it HUGH POPULATION of a BILLIONS people ,own consumption will help CHINA to grow slowly
PARKSON is known as PAI SERN in China with a population of 1.5 BILLION people equivalent to 15% of the world population so China consuming power is pretty strong when the overall market begin to look good maybe except the property market (Also recovering abit) Parkson (M) share price will move up if China market can hold up BUT the big question is by HOW MUCH ? since Parkson (M) is coming from the low end of 16sen and Parkson (HK) from 11 sen and the share price really look VERY MISERABLE for both of them.
Already CASH IN for those who have bought at 17 to 18 sen , what the point holding this type of share other than the CHINA connection euphoria .Can't sell at 21 sen QUE but manage to cash out at 20.5 sen and now QUEING at 17 sen - the price at the beginning of the week. NO BIG PLAYER coming in to play this CHINA THEME.
HKSE is up about 300 points this morning session after falling about 300 in the 1st half of the morning so the GAME IS STILL ON in the China and Hong Kong stock market rise but unfortunately PARKSON (HK) fall 1 sen so BETTER BECAREFUL with PARKSON or PAI SERN in China
Nothing can say about this stock - LOUSY and William Cheng the rusted steel KING is still dreaming NO MORE STRENGTH and ENERGY to do anything about it, leaving the small fry to play among ourselves .Just look at the volumn and the transacted price you know William is not playing .
Big institutional fund don't buy this kind of stock now,they only buy KLCI index link stocks moving the market up and down .This kind of stock is for gambling syndicate to play only.China theme party almost over and feeling exhausted so it is resting time maybe until Santa Claus party coming in to help but HEAVY forward buying is not happening with 2 months to go so I m not so optimistic the stock markets will keep going up.
You can ask people working in factory exporting their products is working OVERTIME now or not and you will understand what I mean .The logistic is not bursting with forward booking confirming a bad expectation of the YEAR END SALE and by the time people realize it,it will be very very bad for the market
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lassy
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Posted by lassy > 2 months ago | Report Abuse
If PARKSON Malaysia share price do not go up ,at least there is NO GOOD REASON for it to fall sharply . 16 sen is the lowest price since WILLIAM CHENG own it ,maybe he is getting too OLD and need to rest at home RECOVERING from the SHOCK of all his listed shares