It operates retail stores in Malaysia, the People’s Republic of China, Vietnam, Myanmar, and Indonesia. In addition, the company is involved in the provision of property development and project management services; wholesale and retail trading services; consultancy and management services; business and marketing services in relation to department stores; and real estate consulting and management services. Parkson Holdings Berhad was incorporated in 1982 and is based in Kuala Lumpur will compliments Mabel Real Estates and Healthcare Body Shops
Today Mabel collected another 4 tranches of Parkson. All baits were snapped while Mabel was enjoying beautiful weather at my Plantation.
Aeon is already up , Bonia is up , Padini is also up. Parkson will be another Pandemic Recovery companies for 2021. Parkson operates retail stores in Malaysia, the People’s Republic of China, Vietnam, Myanmar, and Indonesia.
Over the weekend, Jack gave Mabel a Fantastic Insight of China. He was very passionate about investing in China. Parkson China is currently doing well and it's helping the Group. In addition, Parkson owned subsidiary Parkson Retail Group Ltd has entered into an agreement with Hongxiang Real Estate Co Ltd to establish a joint venture to jointly locate suitable land resources within Jiaxing city of Zhejiang province in China for future development and construction of properties on such land resources. Forecast future growth of Retailing is 40.7%.
For your information, Parkson's distribution channel compliments Mabel Innature Body Shops. Mabel Body Shop’s customer loyalty programme, Love Your Body™, has 298,999 active members in Malaysia and 43,352 active members in Vietnam. Love Your Body™ members contributed appropriately 71.0% of annual sales in Malaysia and 66.4% of annual sales in Vietnam..
Mabel loves potential turnaround companies as it usually gives the best capital appreciation over relatively short period of time. Parkson is forecasted to move back to profitability in 2021. So this will be another purrfect turnaround stories just like Mabel collection of Battleships.
PARKSON is currently unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.2% per year. They have narrowed down their losses. Currently it is trading 98% below Fair Value, all thanks to the Pandemic.
The current market is penny stock driven and syndicates have taken notice of Parkson's value over its extremely cheap valuation. This stock is being promoted as a recovery stock play. Many big players have taken a position here and the momentum is building up for an initial run to break 0.30 before CNY. Won't be surprised if it breaks 0.50 by end Feb 2021, cheers.
The strong Yuan of late is an added boost to Parkson China. The last quarter of 2020 sales especially on 11.11, 12.12 and XMAS was probably very good in China, cheers.
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....
noobbie
1,122 posts
Posted by noobbie > 2020-12-28 16:41 | Report Abuse
if can close 20 would be super power this time..looks so strong and healthy