Parkson vietnam is only contribute 1% of total revenue. Some more is making lost. Right decision was made by management to close down business in Vietnam...
Heard that the extended MCO from 5 Feb 21 will see all Parkson retail stores in their apparel section reopen again. This should be good news and share price should rally upwards as CNY buying is waiting for green light from NSC only.
Parkson stores may be open but whether there is traffic to translate into cash or will it only increase operating expenses. Interesting to see what the latest QR results will be when release end February
Today Parkson open is it too late to buy shirt for CNY? The new CNY shirt you buy when you wear? Buy few days before CNY or after is it too late to buy?
China CNY retail sale up 28% this year. Booming sale for Parkson. China section can cover possible losses in others sections. Anticipate 1st q results will be very good. If coming 4th q 2020 in green, there will be 2 consecutive q in green. 0.60 will be initial target.
PRGL result for Dec20 qtr should be out tomorrow. China's recovery has been good so hopefully the profit from PRGL can offset the losses reported for PRA.
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....
clp72
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Posted by clp72 > 2021-01-18 11:21 | Report Abuse
@ShamO... i think at this point people are hoping.. lol