Shares & Derivatives
Parkson Retail Asia updated: An unappreciated counter that deserve asecond chance
By Sillyinvestor  •  February 14, 2015
Parkson Retail Asia deserve a second choice, and it should give me a second chance to buy it again. We need to look at Parkson Retail from another angle. Yes, it might have disappoint in the growth front, but at current price, what are we looking at? It got this screen shot from morningstar, if we look at the QoQ results, Parkson results has improved for consecutive 2 quarters. We need to look at it in terms of the effect of losses of new stores My Quarter results are according to the calendar, not what Parkson Reported, in 4Q, the 3 stores reopened. 2Q is the worst with the most accumulative stores under 1 year (Said to be loss making), which also showed in the losses of new stores analysis, especially in the problematic Vietnam store. Going forward, the next quarter might be also tough, since 3 new malls opened......
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By Sillyinvestor
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