Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-26 08:01 | Report Abuse

Parkson has gone through a very challenging phase. Growth can be good and can also be very bad. It's expansion into Vietnam and Indonesia required lots of new capital and its shareholders would be glad to see these wound up to stop further bleeding and financial stress.

Over the decades, Parkstone has disposed various assets and closed down unprofitable outlets. It introduced new businesses (beverages, food, lifestyle), hoping to rejuvenate its business.

It still carries a huge amount of debt and its profit before tax just can about service its interest expense.

The latest quarter shows a profit and that is a good relief for Parkson which has reported losses after losses for so many quarters and years. Hopefully, this is sustainable.

With increasing interest rate environment and its huge debts, its turnaround remains a very challenging task indeed.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-26 08:08 | Report Abuse

31.3.2023

RM millions
Total Long Term Debt 3628.34
Long Term Debt 1388.32
Capital Lease Obligations 2240.02


Total Equity. 2550.98

Posted by BursaMaster121212 > 2023-05-26 08:29 | Report Abuse

privatization offer at around 30 sen. because business is recovering adi....with 1 billion cash inside, make sense to do that

Posted by niktraderinvestor > 2023-05-26 09:55 | Report Abuse

Where is the news of privatisation 30sen? Can u share the link

Posted by UnicornP > 2023-05-26 10:02 | Report Abuse

百盛大减价

Posted by BursaMaster121212 > 2023-05-28 14:44 | Report Abuse

not yet out, once it out, you no longer have chance to make such windfall gain

so u better buy now...see u at 30 sen

Posted by speakup > 2023-05-28 17:15 | Report Abuse

Online shopping kill Parkson

Posted by speakup > 2023-05-28 21:44 | Report Abuse

https://www.freemalaysiatoday.com/amp/category/highlight/2023/05/23/gloomy-outlook-for-department-stores/

Posted by HaiLiDeYu > 2023-05-29 11:24 | Report Abuse

wah... after good QR suddenly parkson full of people... good sign good sign. :-)
but when too many ppl rushing into a stock... becareful....

Posted by Why2TellMeWhy > 2023-05-29 15:08 | Report Abuse

0.16 joined the boat. hehe

Posted by speakup > 2023-05-29 15:16 | Report Abuse

Sell!

Posted by Why2TellMeWhy > 2023-05-29 15:17 | Report Abuse

keep calm and collect. hehe

Posted by Why2TellMeWhy > 2023-05-30 16:22 | Report Abuse

0.14 good till done buy.

Posted by Amazonboy > 2023-05-30 17:34 | Report Abuse

10 sen can buy..Lol

Posted by speakup > 2023-06-01 16:37 | Report Abuse

i tell u a secret. u wan to know Parkson can buy or not? just go to any Parkson, see got a lot ppl inside or not? see got a lot ppl at payment counter or not? go in weekend, go in weekday.
simple ya?

Posted by TerrenceLim > 2023-06-01 19:31 | Report Abuse

I heard about the Privitisation wind also..

But the offer price is slightly lower... 28 sen only

Posted by Why2TellMeWhy > 2023-06-01 21:18 | Report Abuse

aiks... 28 cents? bukan 1.34 meh? NTA mah. might be higher if revalue its properties. lol

Posted by speakup > 2023-06-01 21:34 | Report Abuse

lu go to parkson store, lu tengok ada good biz tak?

Posted by Why2TellMeWhy > 2023-06-01 21:42 | Report Abuse

no need go parkson store. report ady tell making money mah.

Posted by fairyz > 2023-06-01 21:58 | Report Abuse

Interest started to come?

Need to B.O 170 first then aim for 190? Let's see tomorrow...

Posted by Why2TellMeWhy > 2023-06-01 22:51 | Report Abuse

fairyz - B.O from downtrend channel dy. Retrace back to upper downtrend line and rebound back. Solid bro!

Posted by Why2TellMeWhy > 2023-06-01 22:58 | Report Abuse

Copied from the report:

For the second quarter ending 30 June 2023, while the Group's retailing operations in Malaysia will benefit from the Muslim's festive buying, the resumption of cross province and cross border travel in China is expected to gradually drive the growth of Parkson China.
The Group strives to enhance its operating efficiencies and cost improvements strategies, besides continuing to diversify the income sources to fully seize the opportunities, and promote long-term sustainable development of its businesses.

Posted by Why2TellMeWhy > 2023-06-06 09:55 | Report Abuse

gogogo Parkson!

Posted by John Mah > 2023-06-08 01:19 | Report Abuse

parkson had record that only one quarter was profit, they have to prove that continuous profit

Posted by Why2TellMeWhy > 2023-06-08 11:52 | Report Abuse

John Mah - sure thing. hehe. green qr qoq coming.

Posted by UnicornP > 2023-06-09 09:43 | Report Abuse

😮

Posted by Why2TellMeWhy > 2023-06-09 11:28 | Report Abuse

hehe...

Posted by Huatttt > 2023-06-09 15:58 | Report Abuse

DUMPP

Posted by Why2TellMeWhy > 2023-06-09 16:11 | Report Abuse

@Huattt - i wont sell Parkson at this price. will HODL till nta

Posted by Why2TellMeWhy > 2023-06-12 13:54 | Report Abuse

gogogo Parkson.

Posted by UnicornP > 2023-06-13 15:29 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/06/12/wholesale-retail-trade-sales-up-63-y-o-y-in-april

Posted by Why2TellMeWhy > 2023-06-13 16:41 | Report Abuse

@unicornP - thanks for the info. hehe. Malaysia good sales, China good sales. China cross province and cross border kuat kuat starting in May. gogogo Parkson!

Posted by UnicornP > 2023-06-13 20:43 | Report Abuse

👍

Posted by Why2TellMeWhy > 2023-06-15 12:38 | Report Abuse

http://www.china.org.cn/china/Off_the_Wire/2023-06/15/content_87581381.htm#:~:text=In%20the%20January-May%20period%2C%20the%20country%27s%20retail%20sales,dollars%29%20in%20the%20first%20five%20months%20of%202023.

Posted by Why2TellMeWhy > 2023-06-15 12:38 | Report Abuse

China good sales in May. Gogogo Parkson.

Posted by CyrusQ > 2023-06-18 08:19 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/04/27/parkson-vietnam-files-for-voluntary-bankruptcy

Posted by CyrusQ > 2023-06-18 08:20 | Report Abuse

Why2TellMeWhy

China good sales in May. Gogogo Parkson.

# May ? Now is June ?

Posted by Why2TellMeWhy > 2023-06-18 17:48 | Report Abuse

@CyrusQ - two out of three months in Q2 good sales. Hehe. Malaysia Q2 is also festive season. Parkson q1 report ada mention. keep calm and collect bro

Posted by Why2TellMeWhy > 2023-06-19 09:51 | Report Abuse

0.19 tambah nasi. hehe. lets go 0.2xx floor. gogogo

Posted by UnicornP > 2023-06-19 10:09 | Report Abuse

@CyrusQ,
On Vietnam bankruptcy, Parkson Holdings said Parkson Vietnam's bankruptcy is not expected to have a material impact on the group's earnings for the financial year ending Dec 31, 2023 (FY2023) and its net assets (https://theedgemalaysia.com/node/664933)

Posted by Why2TellMeWhy > 2023-06-19 15:44 | Report Abuse

@unicornp - good info. no more liability from vietnam.

Posted by Why2TellMeWhy > 2023-07-04 19:54 | Report Abuse

0.2xx first. gogogo. keep calm and head to NTA price.

Posted by Why2TellMeWhy > 2023-07-05 09:11 | Report Abuse

Gogogo Parkson! hehe

Posted by stncws > 2023-07-05 09:32 | Report Abuse

yesterday some one ask you .. u says u got parkson..GOOD

Posted by UnicornP > 2023-07-05 09:35 | Report Abuse

Walao

Posted by Why2TellMeWhy > 2023-07-05 09:38 | Report Abuse

@stncws - yesterday? @stonemaster asked me two weeks ago at RGB. I sell all RGB and parking inside Parkson. Thats what I told him.

Posted by Why2TellMeWhy > 2023-07-05 09:41 | Report Abuse

lets go 0.3xx next. Parkson fly to 0.30 in one day during Covid. Parkson making profit now. It should go 0.3xx next easily

Posted by 5354_ > 2023-07-05 09:51 | Report Abuse

30 sen only? >RM 1 last like time no hope?

Posted by Why2TellMeWhy > 2023-07-05 09:58 | Report Abuse

@5354 - step by step mah. Cannot fly to NTA price in one day geh. later UMA how? if coming qr good, continue fly bro.

Posted by stncws > 2023-07-05 10:06 | Report Abuse

i saw ir YESTERDAY ha !@stncws - yesterday? @stonemaster asked me two weeks ago at RGB. I sell all RGB and parking inside Parkson. Thats what I told him.