Posted by goldmanbull > 2023-08-18 18:28 | Report Abuse

Anyone here when it was 16 cents? Haha congrats everyone!

Posted by goldmanbull > 2023-08-18 19:05 | Report Abuse

i3 lurker, you seem to be very smart. Any share to recommend?

Posted by i3lurker > 2023-08-18 19:09 | Report Abuse

I dun do shares anymore,
for shares in outs sometimes same day already dumped.

Parkson is one of those shares I do in outs same day, occasionally but not today.
Open your eyes wide
dun be fooled by fantastic futures.

Just name one emporium doing well in the whole world.

Posted by speakup > 2023-08-18 19:22 | Report Abuse

This is pure goreng
After all bursa is a casino now

Posted by Why2TellMeWhy > 2023-08-18 20:04 | Report Abuse

@speakup - goreng stock are properties stock. supply more than demand. if parkson is RM10.00 today, i agree wit you is goreng. Skrg ini bkn goreng. hehe

Posted by FAInvestor > 2023-08-18 22:14 | Report Abuse

Parkson price pre covid was 5.00 in 2017. Now on its way up to 5.00.

Posted by i3lurker > 2023-08-18 23:55 | Report Abuse

main plus points
very low short term risk of bankruptcy due to high cash balance.

main minus points
Loan is denominated in HKD which is pegged to USD
Exchange risks exists between revenue in Yuan/RM vs loan in HKD
Revenue from China in Yuan is expected to drop in value when converted to RM and HKD
Parkson had been making losses for many QRs pre-covid.

Note = risks from online shopping ignored.

Conclusion =>
Good short term gambling punt if entry point is cheap.
Thats about it.
Guess you might have missed most of the upside though.

as to whether 30 sen is till cheap?
represents 30/134 => 22.4% of NTA, your own decision required.

Profit is very volatile. EPS not a good guide.

Posted by kelvin61 > 2023-08-19 00:11 | Report Abuse

Parkson has deep value in the assets they owned in China. Their Malls have not been revalued and are sitting on big gains vs. the value in their books. The North Building Parkson Plaza along Fuxingmen Street in Beijing which has been renovated and leased out for Office use is generating huge rental income. Bank of China is one of the key tenants.

Parkson continue to generate strong positive cash flow and is an indication of good management. It is a testament to their ability to stay afloat during the difficult times. Their ability to sustain the business in China since the entry in 1994 show that they understand the China retail market well.

Long term value investors will benefit immensely as the retail market pick up more steam as the Gomen is cutting lending rates to provide more impetus to the recovery post-pandemic, cheers.

Posted by i3lurker > 2023-08-19 00:12 | Report Abuse

PS
PSS
do not be unduly influenced by high cash balance as this is a feature of shopping emporiums who holds cash for long periods before paying suppliers, earning interest income.

Posted by i3lurker > 2023-08-19 09:02 | Report Abuse

if you classify Parkson as "Property counter" then a lot of property counters tend to trade at 50% of NTA.
Parkson tend to sell properties to get cash.
if 50% of NTA => TP = 65 sen, there is still some upside as well.

Posted by speakup > 2023-08-19 10:35 | Report Abuse

wow Parkson net debt rm3 Bil!

Posted by goldmanbull > 2023-08-19 12:55 | Report Abuse

Thank you for your wise words i3 lurker. I like that you share the pros and cons. Agreed with your analysis.

Posted by Why2TellMeWhy > 2023-08-19 17:30 | Report Abuse

excellent gais! keep the sharing going. short term long term no problemo. janji huat2 together gether.

Posted by Why2TellMeWhy > 2023-08-19 17:42 | Report Abuse

Estimate TP by Parkson I3 folks: 0.65 (half NTA), 1.34 (NTA), 5.00 (2017). hehe. i copied all your discussions for everyone reference. Parkson is still making loss in 2017. If Parkson success turnaround dis year, semua huat2.

Posted by mramara > 2023-08-20 16:30 | Report Abuse

strong resistance 0.295 TP 0.285 TO 0.295 .WAIT TO CLOSE ABOVE 0.295 BECOME SUPPORT NEXT LEVEL 0.38 TO 0.42

Posted by Why2TellMeWhy > 2023-08-20 16:57 | Report Abuse

gais, @kelvin61 is correct that PRA report profit. Net profit of S$7.4M. PRG profit RMB63M. You gais can do the matematik q2 PHB net profit berapa. hehe

Posted by mf > 2023-08-20 21:07 | Report Abuse

buy

Posted by 5354_ > 2023-08-20 21:18 | Report Abuse

How come I read PRGL QR out but PRA not yet kelvin61 can verify?

Posted by kelvin61 > 2023-08-20 21:43 | Report Abuse

PRA 2nd qtr results were announced on 14.8.23.

Posted by 5354_ > 2023-08-20 21:52 | Report Abuse

Can kelvin61 share the link?

Posted by 5354_ > 2023-08-20 22:13 | Report Abuse

PRGL again report profit I can confirm ie RMB 66.722 m for 6 months.
http://www.parksongroup.com.cn/upload/202308/169226187942413500.pdf

Posted by Why2TellMeWhy > 2023-08-20 22:17 | Report Abuse

HODL gais! h9e on dips. Hehe. PRG announce dividen means boss confident China stores continue make money. Dis giant wake up dy.

Posted by Why2TellMeWhy > 2023-08-20 22:21 | Report Abuse

https://parkson.com.sg/category/announcements/

Posted by Why2TellMeWhy > 2023-08-20 22:22 | Report Abuse

@5354 - you can use link 👆

Posted by kelvin61 > 2023-08-20 23:04 | Report Abuse

@5354. Yes, that's the correct link shared by Why2TellMeWhy.

We wait to see further rerating on PHB price next week. WC is confident Parkdon will be able to achieve long term sustainable growth and profitability going forward. FYI, PRGL had paid dividends from year 2006 till 2018. The resumption of dividend payment in 1H 2023 for PRGL signify that WC is confident of much better days ahead, cheers.

Posted by 500kinhand > 2023-08-20 23:26 | Report Abuse

the financial statement of parkson giving a recovery signal in term of momentum. worth buying now and sell as soon as you made profit. i will sell at 355 or 400.

Posted by 500kinhand > 2023-08-20 23:27 | Report Abuse

im gonna buy back once it retrace to the support level.

Posted by i3lurker > 2023-08-21 09:21 | Report Abuse

I am shocked its up today 😁

Posted by kelvin61 > 2023-08-21 09:33 | Report Abuse

The volumes this morning has been very positive as it shows lots of enthusiasm on the stock. Thee are exciting times for Parkson. If Fund Mgrs decide to re-enter Parkson believing the turnaround is sustainable, then the price has legs to run much higher up, cheers.

Posted by limitupandsurewin88 > 2023-08-21 09:36 |

Post removed.Why?

Posted by limitupandsurewin88 > 2023-08-21 09:38 |

Post removed.Why?

Posted by Why2TellMeWhy > 2023-08-21 10:12 | Report Abuse

hehe. h9e on dips. HODL!

Posted by 5354_ > 2023-08-21 10:14 | Report Abuse

Parkson next QR also profit? 2023 can give dividend?

Posted by kelvin61 > 2023-08-21 10:24 | Report Abuse

Parkson business strong qtrs are Qtr 1, 2 and 4. Qtr 3 is the weakest as there is not much activity in Malaysia, so, China has to assist. If Parkson can still do well, then the business has definitely turnaround, cheers.

Posted by Why2TellMeWhy > 2023-08-21 10:26 | Report Abuse

new boss say dis year turnaround in agm. strong chance success. PRG announce dividen dy. PHB share price fly high high first.

Posted by rr88 > 2023-08-21 11:07 | Report Abuse

Lousy company. Nobody go shop at parkson anymore. They ran away to china. After initial bang, same thing will happen there.

Operator stocked up friday, operator selling today. That is all that there is to it. You go in, you kena. Stay away.

Posted by Why2TellMeWhy > 2023-08-21 12:08 | Report Abuse

@rr88 - lousy company? c'mon bro. read the agm minit lah dulu b4 comment. I dono operator skill, friday candle cantik kan?

Posted by 5354_ > 2023-08-21 14:06 | Report Abuse

rr88 sour grape everywhere? First in Ewein, next is Uem S, now Parkson?

Posted by fl888 > 2023-08-21 14:14 | Report Abuse

Coming Ekovest, then Dnex….

Posted by FAInvestor > 2023-08-21 15:11 | Report Abuse

Parkson on the way to 50c

Posted by Why2TellMeWhy > 2023-08-21 15:17 | Report Abuse

keep calm & collect on dips. HODL! Giant is awake. Hehe

Posted by Goldenfinger777 > 2023-08-21 15:56 | Report Abuse

walao continue up, shouldn't sold so early

Posted by Why2TellMeWhy > 2023-08-21 16:10 | Report Abuse

hooray!!! pang72 is back for quick gains gais. hehe.

Posted by FAInvestor > 2023-08-21 16:27 | Report Abuse

34c continue to surge higher

Posted by Why2TellMeWhy > 2023-08-21 16:28 | Report Abuse

@pang72 saw my comments a month ago?

Posted by Why2TellMeWhy > 1 month ago | Report Abuse
@RTA09391 - already got funds inside. hehe. One thing for sure - @pang72 will be back to promote at 0.3xx. hehe.

Posted by Why2TellMeWhy > 1 month ago | Report Abuse
moments later.... @pang72 - sell again. when parkson at 0.4xx - @pang72 will be back again. hehe. We need traders like @pang72

Posted by Leoleo > 2023-08-21 16:36 | Report Abuse

hailat lor Pang is here ...

Posted by Leoleo > 2023-08-21 16:37 | Report Abuse

the sinking boat specialist is here ...hehehe

Posted by PepGuardiola > 2023-08-21 16:49 | Report Abuse

FFFLLLYYYYYYYYYYYYYYYYYY

Posted by 5354_ > 2023-08-21 17:03 | Report Abuse

No 4 active ctr; very rare. Possible goreng like Uem S?

Posted by Why2TellMeWhy > 2023-08-21 17:05 | Report Abuse

hehe @pang72. no problemo. we memang need traders like u. let me think wat reason u will use this time when you sell. hmmm - okie sell parkson buy steel counter. steel use to build parkson building construction. leng mou?