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401-408 of 408
Drop alot wor....
BETTER SCOOP UP CHEAP QUIETLY ... THE HUGE CASH PILE WILL BE REWARDING FOR SHAREHOLDERS
Haihz... This parkson i no faith liow... Just hope they pay dividend every year i happy liow... Vested at 70 cents last time now heavy bleeding... Just park there...
the net profit jump was due largely to one-off gain from partial disposal of PHCL.
if you look at their core business - quoted from note 8 of their results announcement:
" On same store basis (also excluding non-recurring item), attributable net profit for Q1 FY2016 declined by (42.9)% YoY to S$4.3 million. On same store basis and same currency basis, attributable net profit for the reported quarter declined by (34.7)%"
the sentiment and operating landscape have not changed though yes the balance sheet and ability to generate positive operating cash flow looks good. there isn' t really a near-mid term catalyst though...
WITH AUNG SUN SUU KYI WINNING THE MAJORITY VOTE IN MYANMAR , PAVING THE WAY FOR DEMOCRACY IN THE COUNTRY.. PARKSON STORE IN MYANMAR WILL ROAR
AND OPENING OF PARKSON ' S FIRST STORE IN CAMBODIA IN 2016
IS THIS THE TURNAROUND FOR THE COMPANY NOW
STOCK TRADING AT NTA . A FAR CRY FROM ITS 94 CENTS IPO PRICE FEW YEARS AGO .
STOCK IS A STEAL NOW
(Nov 13): Parkson Retail Asia , the department store operator with operations in Malaysia, Vietnam, Indonesia and Myanmar, posted a roughly sevenfold rise in 1Q earnings to $49.5 million from $6.9 million a year ago due to the recognition of a one-off gain from disposal.
Based on the company &rsquo s latest financials &ndash for the fiscal year ended 30 June 2015 (FY2015) &ndash it had a total dividend of 6.0 Singapore cents per share. At its current share price of S$0.28, it has an eye-popping dividend yield of 21%.
For some perspective, the SPDR STI ETF (SGX: ES3), which tracks the fundamentals of Singapore&rsquo s market barometer the Straits Times Index (SGX: ^STI), has a yield of only 3.2% currently.
Parkson Retail Asia, as its name suggests, is involved in the retail industry. It runs bricks-and-mortar departmental stores (and just one supermarket) in a number of Asian markets including Malaysia, Vietnam, Indonesia, and Myanmar.
The company has a network of 66 stores at the moment (as of 30 June 2015), which are mostly housed under its namesake Parkson&rsquo s brand. These stores have a collective retail space covering more than 640,000 square metres.
Parkson Retail Asia &rsquo s awesome dividend yield will likely cause many investors to stand up and take notice. There are things to like about the company. For instance, it has been ramping up its dividends over the past few years, as you can see from the table below. In addition, Parkson Retail Asia&rsquo s balance sheet is rock-solid &ndash as of 30 June 2015, there was S$125.98 million in cash and just a tiny S$0.73 million in borrowings.
The Group&rsquo s financial position remains robust with total equity of S$188.1 million as at 30 September 2015.
The Group generated robust net cash from operations for Q1 FY2016 of S$9.7 million despite faced with challenging environments. The Group cash balance as at 30 September 2015 remained healthy at S$124.9 million