Hahaha ...Bursa is merciless on all PN17 convicted counters , I will not take any risk even if the PN17 status is revoked which is 1 in a million chances. Move on.or lose all ....
comment from Ex Auditor. Why everyone was so panic about their qualified report? Before you buy this stock, its financial report already show their CL more than CA. Normally auditor will ask them to provide projection cash flow to prove they are going concern. Don't quote SERBADK issue here because 1 is falsifying revenue, this 1 is with solid asset but with no earning and cause the going concern issue(ability to survive in short term) Worse come to worse they will just do another PP to survive.
For Parkson followers, you should not worry. The life blood of any company is generating positive cash. Parkson is not short of it. Parkson has almost 10 fully owned Malls not yet revalued and reflected in their books. If need money, just sell one loh. In fact, their North Building Parkson Mall in Beijing has been renovated for office rental. The office building will be rented out for 12 years with rental income of RM164 mil per year. That is very good income, cheers.
KUALA LUMPUR (April 26): Parkson Holdings Bhd chairman Tan Sri William Cheng Heng Jem said the retail group, which has seen the number of owned and managed stores shrink to 85 from 102, remains positive about its China retail operations' prospects although Covid-19 containment measures and inflationary pressures remain a concern for the group's Southeast Asian business.
According to Parkson Holdings' latest 2021 annual report which was filed with Bursa Malaysia on Tuesday (April 26, 2022), the group which 102 owned and managed stores across Malaysia, China, Vietnam and Indonesia as at June 30, 2020 saw its number of owned and managed stores reduced to 85 as at Dec 31, 2021 as the number of outlets in Malaysia and Vietnam shrank while the company no longer had any Indonesian outlets.
Parkson operations in Malaysia is expected to report profits. This is reflected in the share price of Parkson Retail Asia listed in SG which is recovering daily cheers.
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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....
DickyMe
12,630 posts
Posted by DickyMe > 2022-04-14 21:05 |
Post removed.Why?