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this counter has been dropping for 7 years already and you guys still believe in its so called transformation plan? any transformation plan beyond 3 years and not bearing any profit or improvements are not transformation plan but suicidal plan.
lol eddy. no right or wrong. depends on how you view its valuations. price wise I agree with you that it has been dropping. comparing parkson with other listed retailers, it is not that bad given its size and presence at msia and China.
their China business is failing and they are unable to replicate the success in China to SEA. if 10 years ago, yes their market in China is making ton of money and become their cash cow but not now. their strategy in China no longer viable due to online shopping and China ban on luxury gifts to government servants. if u noticed, they are downsizing their presence in China as those malls are making loss.
true true. It's interesting to see/follow whether Parkson can turn around its business. most investors probably suffered a lot on Parkson and dumping it.
either they start to learn from Aeon and invest in property by building their own malls and start to manage themselves and lease to other tenants, or look into other revenue streams such as building own Parkson Brand products and diversify to supermarket. what I noticed now is they only rebrand and restock their product lines by bringing different brands into the market. but the pricing isn't competitive.
