Comments on PARKSON

Ng NG

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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%.

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Previous replies (108)

Ng NG

I think there is impairment earlier this year

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cheng

thanks for sharing, Ng. That is something beyond our controls :( What we can observe though (1) closure of non profitable stores in China is picking up momentum (2) renegotiating lease term as can be seen from the announcements (3) the discount rates used in 2024 is lower than 2023; lower discount rates higher VIU, higher VIU comparing to the carrying value means lower risk of impairment (4) action #1, #2 and #3 can lead to higher/better cash flow, and higher cash flow means lower risk of impairment.

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Leong HL

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Not bad qr reports considering low season. Next qr should be good but the best qr would be 1st qr of 2026.

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transforming cities

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Parkson close down Beijing centre

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cheng

This was announced back in August right? Or something new?

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Leong HL

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About time to move up.

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Previous replies (3)

Leong HL

The future of Parkson in Malaysia is very bright at the moment. As a supplier in retailing to most major departments store in Malaysia .. Parkson is heading the right direction.