Parkson NTA RM1.90, share price just only 28sen. Will William Cheng privatise Parkson ? After privatise, William can sell all the property under Parkson and made handsome gain.
Now Parkson property and shopping mall around ASIA appreciate alots, since they buy at damn cheap price. If sell all the properties and shopping mall, i think can get back cash 90sen per share.
Parkson is a company valued at 267 million market cap, but has equity value of 3.7 billion, cash of 1.78 billion, net book value of buildings valued at 1.18 billion and much good will, then it would make a much more interesting position. each time parkson sells one of its 44 department stores to h&m and zara it makes money, If we were to liquidate the entire parkson we would make 4 times our investment cost at least.
Although online purchase already be part of consumer behavior, but human is social animal they need place to hang up. In Malaysia no other place better than shopping malls which is air-conded. Citymen rather go to malls than water fall and park. Only see how good Parkson able to pull in X Y Z generations. Will keep it as long as TSWC has not stop his effort to up-live Parkson
I see that kosong 55 is still around, hmmm. I thought he left us for good. Still trying his best to push Parkson's price down. It has no effect cos he has kosong knowledge and do not think like a business man. In fact, kosong 55 is a loser all his life in the stock market and is a small fry only. He has no impact on this stock. Even if he shit this stock day and night, it will still not affect the price. The price is starting to rebound cos savvy investors is starting to notice the undervalued assets and positive cash flow generated in the business. Who really cares what kosong 55 have to say, shssh. He is a pest in the equation and will eventually perish like the mosquito. Cheers to all Parkson followers and keep buying at this rock low price, cheers.
Why no answer? Likewise me too have several questions directed at ks55 without reply. Why must we read ks55 comments when he can't read others comments?
birkincollector hoho ks55 seem very familiar with the operation. Were u fired by WC so now still holding grudges? :) 14/03/2019 20:04
parkson reminds me of the once-great Chujitsu & Hankyu Jaya. Those days everybody flocked to Chujitsu & Hankyu Jaya. Look where Chujitsu & Hankyu Jaya are now.......GONE!
It's always good to look back a few years down the road on Parkson one day. If not for the rough patch this stock went through these last few years, do you think we can buy it this cheap. No way. In fact, I can only buy so much today because it's so cheap. So, hold on to this gem and patiently wait for the retail cycle to return and you will see the rewards. They're in the right market in China for more than 20 years and they know the market well having seen it's ups and down. TSWC is passionate in his endeavour and committed to turning it around. In fact, parkson has been reporting operating profit for the last few quarters and you can expect the momentum to get better with the new retail formats to capture the younger effluent crowd which is ever willing to spend. In fact, the net loss experienced by Parkson has been to a large extend the payment of taxes. China is a very large market to be in and Parkson is a household name there and I'm sure parkson will grow in tandem with the recovery when it comes. Be patient and you will savour the sweet.victory in the not too distant future. Remember, Parkson is moving to the 2nd and 3rd tier cities where the market is more vibrant and they can unlock good value by disposing their appreciated assets in the 1st tier cities like Beijing and cash in on the big profits, if there is a need. Plenty of avenue for Parkson to raise huge cash flow when the situation present itself. So, stay invested in this stock and ignore the market noises, cheers.
Speakup. Why did you pick failures to compare and a mini market like Malaysia too. In fact, whether you buy or not, it will not make any difference to this stock. It's either you are destined for this stock or not. If you look at this stock negatively, please don't buy. Like, they say, if you're born with a poor mouth, you're going to have a poor life. So, those people around you that goes around cursing and swearing about everything will always have hard times and a poor life. So, stay positive and say positive things about life, cheers.
So many pondans dare not attack back speakup? Pls posts in his ctrs(use new id) eg Reach if you got balls. Reach also got alike company close shop from S'pore or Perisai haha
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....
nckcm
2,726 posts
Posted by nckcm > 2019-03-14 09:03 | Report Abuse
Someone buy 0.29, comfirm above 0,30 soon. Will drop back a bit due to profit taking