Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.
According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.
No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.
Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.
NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.
Parkson’s largest shareholder is its chairman and managing KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.
According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.
No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.
Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.
NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.
Parkson’s largest shareholder is its chairman and managing director Tan Sri Cheng Heng Jem, with a 54.57% stake.
Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.
Sri Cheng Heng Jem, with a 54.57% stake.
Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.
takes time, slowly but surely. hope that the board will continue to unlock the value of Parkson given the emergence of new substantial shareholder now. The street likes to see accounting profit instead of generating cash from ops, positive cash flow, double digit operating margins :)
Ntg acquisition of phb shares is very cheap compared to the major shareholders. average cost could be around 0.20. good bargain.... good times ahead !!!
Cheng, pared down a small portion from 20 every step on the way up, doesn't make sense to sell < 20 considering the lucrative Malaysian retail operations and the up and coming credit business
Congrats, Ricardo. Spot on summary you have there and seems like you have been looking at the numbers/margins :) Indeed PHB consistent double digit margins are driven by PRA margins; the anchor if you will. PRG margins dipped to 5% and below for 2 out of 4 qtrs in FY2024. Q1FY25 is back to double digit. Retail sales data in China is looking good, Parkson Credit is parked under PRG and growing. A consistent double digit margins from PRG coupled with the planned investments will be nice for PHB.
another notable movement in the top 30 shareholdings is Cheng Yong Kim; added ~10mil shares of Parkson based on latest AR. His shareholding has not changed since 2020 and latest AR showing he has increased it to 19+mil. Not sure what is brewing but hopefully the board will work hard to unlock the value of PHB.
Tan Sri Albert Cheng Yong Kim, BOD with several Lion group listed companies, related to the biggest shareholder of PHB Tan Sri William Cheng, could be something brewing ....some parties loading up some shares. with their networth acquiring substantial shares is cheap at the current market value.
there are a lot of value in PHB to be unlocked if taken private. One of the properties in Beijing commercial district and another 1 in China is the jewel crown
No stop loss for this as the risk is low for me, Ricardo. I kept 700 lots free tickets which were mostly bought back in 2023 at 0.135. Rebalanced my position last year after the results of q2fy24 due to its ops margin dropped below 10% driven by PRG and being wary of year end impairment exercise. Didnt add any positions since then until q1fy25 results showing ops margin is above 15% which is higher than q4fy24 ops margin. Added 745 lots yesterday. I will consider increasing my position if ops margins remain strong and rebalance if ops margins starting to show weak numbers.
Technically, the current major long term trends is still intact since the breakout at 0.19; above the 2 years downtrend line. Takes time and hopefully will be a worthwhile ride. 3rd higher low since 2020 and hopefully 3rd higher high in the making; internal focus of efficiencies and positive external headwinds of higher consumer spending at the back of lower interest rates and China gomen focus on boosting consumer consumptions. The insiders movement is also a positive factor with the emergence of new substantial shareholder.
