Shares & Derivatives
Parkson Retail Asia
By Sillyinvestor  •  May 14, 2015
Parkson Retail Asia report its earnings. I expect some SSSG for Malaysia due to the buying to beat the GST of April. And it did show up. I was hoping for another special intern dividends, but nope. I did a tracking of the new stores and same stores comparison. Since December 2013, Parkson has been aggressively adding Indonesia mall space of about 24K sqm, and the loss from new stores in Indonesia spike corresponding in the following 2 quarters. By 31 June, PRA added another 26 K sqm of retail space, but losses from Indonesia operation is not increasing but continued to be reduced. This quarter loss of Indonesia operation is only 1.7 mio. Thus the 1 year gestation period for new malls stand for Indonesia and going forward, since no more new malls from Indonesia, Indonesia contribution will continue to improve. Malaysia retail space is increasing too, starting ......
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By Sillyinvestor
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