Posted by MK76 > 2019-09-03 08:56 | Report Abuse

i think parkson will stay at current price for a long time. hence, i decided to cut loss and come back again in future. good luck everyone.

Posted by Parkson18 > 2019-09-04 03:03 | Report Abuse

Only idiot like MK76 believed in ks55. The stocks he keep all drop a lot eg Homeritz, PCCS, etc.

Posted by Parkson18 > 2019-09-04 03:04 | Report Abuse

In future mean when? 20-22 still not cheap?

MK76 i think parkson will stay at current price for a long time. hence, i decided to cut loss and come back again in future. good luck everyone.
03/09/2019 8:56 AM

Posted by Parkson18 > 2019-09-04 03:07 | Report Abuse

MK76 if you think Parkson not cheap how abt PCCS, Homeritz why cheap now when their price 2X, 3X not should drop more?

Posted by Parkson888888 > 2019-09-04 03:50 | Report Abuse

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

Posted by 5354_ > 2019-09-04 10:22 | Report Abuse

Tenancy period 3 years expire why must pay?

Posted by Parkson888888 > 2019-09-04 10:27 | Report Abuse

Add more 21.5.

Posted by Parkson888888 > 2019-09-04 10:28 | Report Abuse

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

Posted by Parkson888888 > 2019-09-04 10:29 | Report Abuse

Parkson Holdings Bhd - FY19 Within Expectations
Date: 29/08/2019

Source : KENANGA
Stock : PARKSON Price Target : 0.27 | Price Call : BUY
Last Price : 0.22 | Upside/Downside : +0.05 (22.73%)

Back

FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus estimated CNL of RM60.9m. Malaysian operation has returned to black with the on-going rationalization strategy and China operation recorded higher operating efficiencies (+40%). At the current pace, PARKSON is expected to be in the black with FY20E CNP of RM8.5m and we introduce FY21E CNP, which is higher by 16%. Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised SoP.

FY19 within expectations. FY19 CNL of RM64m expanded, compared to CNL of RM31m in FY18, is deemed within expectations of both our/consensus full-year estimate of RM60.9m each. No dividend was declared, as expected.

YoY, FY19 core losses expanded to RM64m compared to core losses of RM31m in FY18 mainly due to higher finance costs and higher tax expenses. This was despite marginally increase in revenue (+1.3%) due to improved SSS growth from: (i) Malaysia (+5.1% vs. FY18 of -1.2%) which benefited from the spending spree during the zero-rated tax holiday as well as strong festivities sales, and (ii) Indonesia (-1.4% vs. FY18 of -3.8%) mainly driven by the targeted promotions and increasing house brands’ contribution, which more than offset the lower SSS growth in China and Vietnam/Myanmar operations. China’s FY19 SSS growth was lower at -2.2% vs. +0.5% in FY18 mainly due to lower direct sales arising from stores closures in 2018 but improving operating revenue was seen from strong sales performance in the Cosmetics & Accessories category (51% of merchandise sales). On the other hand, Vietnam’s SSS growth rates (-20.5% vs. FY18 of -8.3%) sunk deeper due to intense competition, especially with the launch of Vincom Center Landmark 81 Mall. Nevertheless, 53%-owned Parkson China recorded higher operating efficiencies to report an operating profit of RM155m (+40%) and Malaysia operation recorded operating profit of RM14m from operating loss of RM47m, which more than offset other region’s losses to record EBIT of RM100m.

QoQ, 4Q19 returned to the black with core PATAMI of RM12.6m compared to core losses of RM6.5m in 3Q19 from improved operating efficiencies and stores productivity, as the group recorded higher operating profit of RM55m (+2.6%), mainly contributed by China and Malaysia operation following the closure of underperforming stores (Malaysian segment saw the closure of Parkson stores in Suria KLCC and Puchong Square M Mall in the quarter, and China closed 3 stores YTD). These more than mitigated lower turnover (-13%) due to higher base in the previous quarter from seasonally stronger consumer spending during the CNY festivities and extended holiday but cushioned by Hari Raya Aidilfitri sales in Indonesia (+42%).

Outlook. We like Parkson for the following; (i) its strategy of optimising its retail format, expanding its product and services offerings, which is paying off, (ii) it is minimising stores losses via optimising store effectiveness and efficiency, which are bearing fruits, and (iii) China operation’s improvement to gain further momentum. As of June 2019, the group’s department stores network comprises 44 stores in China and 61 stores in South-East Asia, including Malaysia (42 stores), Vietnam (4 stores), and Indonesia (15 stores). Note that, Parkson has ceased its Myanmar operation with the closure of its only store in 2Q19.

Upgrade to OP from UP with a higher TP of RM0.270 (from RM0.240) based on the revised Sum-of-Parts (SoP) (implied PER of 34x based on FY20E EPS, above regional PER of 27x). The share price has plunged 20% since our UP call and we believe most negatives have been priced in. Key risks to our call are: (i) higher-than-expected losses in the South-East Asia region, and (ii) slower-than-expected China operation.

Source: Kenanga Research - 29 Aug 2019

Posted by parksonnewbie > 2019-09-04 10:36 | Report Abuse

sifus if some1 rent house how long we are free to move out?

Posted by 8888_ > 2019-09-04 16:48 | Report Abuse

PRGL up 3 sen why nobody know?

Posted by AntiPondan > 2019-09-04 16:48 | Report Abuse

Why so many pondans shareholders?

Posted by AntiPondan > 2019-09-04 16:49 | Report Abuse

2.5 years rental finished paying why move out is wrong?

Posted by MK76 > 2019-09-05 10:01 | Report Abuse

huhu parkson18. rilek bro. pccs i sold it dah before qr. homeritz yes lo. drop to 615 but its ok. not much losses compared to parkson 20% loss, bro. I hold parkson for a long time dah and i tak follow ks55. everyone buy and sell ikut sendiri decision mah. i didnt talk bad about parkson lah. you see my comments all support parkson in the past.

Posted by Scavenger23 > 2019-09-05 10:03 | Report Abuse

who the f still going to Parkson shopping? delisted soon same fate as carrefour,giant, Tesco, only AEON can last forever thanks to their brilliant management.

Posted by MK76 > 2019-09-05 10:05 | Report Abuse

share with you one phrase, parkson18. Be wary of big fish in this small pond who thinks they are sharks. hope you win kao kao and chill out, bro.

Posted by yucaihacai > 2019-09-09 13:12 | Report Abuse

PRGL up 7%

Posted by tumbler > 2019-09-10 23:19 | Report Abuse

Trade war impacted china expenses. Parkson should be no chance to up. Tp remain 0.15 cents.

Posted by 5354_ > 2019-09-11 17:03 | Report Abuse

Why nobody counter tumbler post? I must monitor many counters not 100% in Parkson to be truthful.

Posted by 5354_ > 2019-09-11 17:04 | Report Abuse

PRA, PRGL both up why yucaihacai don't know?

Posted by yucaihacai > 2019-09-11 19:03 | Report Abuse

88777200

Posted by yucaihacai > 2019-09-11 19:05 | Report Abuse

sold property xi an, RMB 88777200

Posted by yucaihacai > 2019-09-11 19:06 | Report Abuse

PRGL

Posted by yucaihacai > 2019-09-11 19:08 | Report Abuse

董事會欣然宣佈，於二零一九年九月十一日，本公司之間接全資附屬公司西安立豐
百盛廣場有限公司（「賣方」）與西安星鑽加簡企業管理諮詢有限公司（「買方」）訂
立買賣協議，據此，賣方同意出售及買方同意購買該物業，代價為人民幣88,777,200
元。

Posted by 5354_ > 2019-09-13 10:09 | Report Abuse

Leesk you 1 ctr shareholder cannot read 2 days ago announcement?

Leesk positive result this quater bcos of festival , Hari Raya. However next quarter no festival, how will Parkson perform
30/08/2019 5:52 PM

Posted by yucaihacai > 2019-09-13 17:43 | Report Abuse

【3368】百盛商業售西安物業 料收益5520萬人幣
百盛商業(03368)公布，以總代價約8878萬元(人民幣，下同)，出售西安市物業予獨立第三者，料錄得會計收益約5520萬元。 所售物業為位於陝西省西安市碑林區東大街233號國貿大廈4層樓的相關部分，用作商業用途。 集團表示，進行業務重組，該物業並非其核心資產，出售可改善現金流量狀況，預期不會對營運構成不利影響，擬將出售事項所得款項淨額用作一般營運資金。

Posted by yucaihacai > 2019-09-14 15:00 | Report Abuse

PRA up 19%, why?

Posted by Parkson888888 > 2019-09-16 17:41 | Report Abuse

Good news all must inform.

Posted by Parkson888888 > 2019-09-16 17:42 | Report Abuse

Good news no need to ask why.

yucaihacai PRA up 19%, why?
14/09/2019 3:00 PM

Posted by shpg22 > 2019-09-17 12:42 | Report Abuse

Its amazing to see so many sochai still hanging around PARKSON thread despite its total hopelessness.

Posted by 8888_ > 2019-09-17 14:40 | Report Abuse

PRA up 5% why yucaihacai don't know? I got many counters to take care but yucaihacai 1 only true?
https://sg.finance.yahoo.com/quote/O9E.SI/

Posted by 8888_ > 2019-09-19 17:07 | Report Abuse

No post here meaning yucaihacai must sell? Why PRA, PRGL no drop?

Posted by VennesA > 2019-09-23 10:17 | Report Abuse

The only time I go shopping is during festive time.. So don't expect anything anytime soon :)

Posted by 8888_ > 2019-09-23 10:54 | Report Abuse

Why you never post the same in Padini pls answer me.

VennesA The only time I go shopping is during festive time.. So don't expect anything anytime soon :)
23/09/2019 10:17 AM

Posted by Kedahan > 2019-09-23 14:42 | Report Abuse

Tan Teng Boo what happen to your Parkson? Icaps never sell true? Who sell?

Posted by Jeffreyteck > 2019-09-24 09:50 | Report Abuse

How many companies under lion perform? That answered.

Posted by BN_better > 2019-09-24 12:23 | Report Abuse

BN tambah-tambah BRIM only can help Parkson improve retail sales?

Posted by 5354_ > 2019-09-25 17:00 | Report Abuse

Jefferyteck causing drop? Attack his counters also pondan?

Posted by 5354_ > 2019-09-25 17:01 | Report Abuse

Why PRGL up 2 sen yucaihacai don't know?

Posted by 5354_ > 2019-09-30 10:26 | Report Abuse

No post here meaning yucaihacai must sell? Why PRA up yucaihacai don't know?

Posted by Jeffreyteck > 2019-09-30 14:41 | Report Abuse

I commented London biscuits when its price above 65; commented Yongtai when it was traded above 1; highlighted sasbadi when it exercised bonus issues splited at 80 sen; same go to Tunepro (1.40 then), Parkson (about two and a half years ago after visited its Da Nang shopping mall); Ewint when it was above 90 sen; Lotte when it was newly listed and traded above 5; binapuri, etc.
Over the past 3 years, most stocks fell and businesses environment remains poor. Anyway, fundamentals some times do not work as bursa is just another casino + rumors, luck is important too. Good luck everyone and 5354. Wish parkson can turnaround so that many SHs are happy. But bear in mind retails market landscape changed drastically.

Posted by Leong966 > 2019-10-02 09:49 | Report Abuse

Rumours that Parkson is asking for higher profit margin from its suppliers. So it is good for Parkson.

Posted by 5354_ > 2019-10-08 09:57 | Report Abuse

$ from petrol subsidy starting 2020 good for retailers? Can use to buy Parkson products?

Posted by Pen6 > 2019-10-08 09:59 | Report Abuse

So buy buy more can earn more money lah, then go Holland holiday OK

Posted by Ubah_ > 2019-10-14 11:02 | Report Abuse

Why PRGL up Parkson down? yucaihacai scared of Pen6?

Posted by Ubah_ > 2019-10-14 15:11 | Report Abuse

Chinese want to teach Pakatan a lesson in Tg Piai
https://www.themalaysianinsight.com/s/187181

Posted by shpg22 > 2019-10-15 09:49 | Report Abuse

Leong966 Rumours that Parkson is asking for higher profit margin from its suppliers. So it is good for Parkson.

Supplier will just jack up the price resulting to lower sales. Most item sold in Parkson can be bought online for 20-50% discount.

Posted by Parkson18 > 2019-10-15 10:53 | Report Abuse

Why Parkson haters posts not in Padini as well? Only pondans dare not attack back haters.

Posted by 7300 > 2019-10-15 10:59 | Report Abuse

still wait timing to short,got shops wait impairment n dwindling revenue,....better get red people give half balls edi win

Posted by 7300 > 2019-10-15 11:02 | Report Abuse

best timing to short is about 3 weeks before QR