For the final quarter ending 31 December 2023, the Group anticipates that the upcoming year-end festivities and holiday seasons will boost shopper traffic to our retailing stores and contribute an encouraging operating performance for the Group.
Same Store Sales ("SSS") increased by 7.1% in 2023
INCREASED RENTAL INCOME (check their latest report, very nice number)
Very NICE numbers from PARKSON CREDIT division as well.
Overall Parkson has done an amazing job. Checkout who owns Parkson HK shares. Even owner of Parkson’s competitor owns Parkson shares and few smart value investor funds.
Latest Parkson mall in China as of Jan 20204 has Apple and Starbucks stores!!
Great job to Parkson management team. They have taken many positive steps to bring forth their latest results.
Parkson Holdings Berhad reports PROFIT for Year to Date 2023: Total PROFIT attributable to owners of Parent AND Non-controlling interest = RM28,795,000, Total COMPREHENSIVE PROFIT for the year 2023 attributable to owners of Parent AND Non-controlling interest = RM55,556,000
The bursa result that says (Basic earnings/(loss) per share (Subunit) of -1.79 sen for current Year To Date 2023); this ONLY counts PROFIT attributable to owners of Parent that incurred loss (RM20,544,000). This DOES NOT include: PROFIT attributable to owners of Non-controlling interest that recorded PROFIT RM49,339,00 and DOES NOT include Other Comprehensive PROFIT RM26,761,000.
I feel like news are always negatively bias toward Parkson share to somehow bring down its price. Media always loves to report negative news.
I for one am happy that management have managed to make a BIG turnaround despite the pandemic. Things are looking more & more positive!
Read their Results Report. Don’t rely on Bursa summary, news, etc.
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....
Why2TellMeWhy
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Posted by Why2TellMeWhy > 2023-11-22 21:36 | Report Abuse
https://theedgemalaysia.com/node/689903