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you can see some of the comments here. it's a tough call. on one hand, parkson has positive cash flow, on the other hand, it has challenges with its business. while qr showing some positive signs, it's still a long road to recovery.
sounds good. let's see the impact of china tax cut in bid to revive its sliding economy starting Apr 1 for few key sectors. minimum taxable income limit raised to boost consumer spending as well. it will be interesting to see as Parkson paid a big chunk on taxes. cheers...
please do not expect tax cut to make an impact immediately but definitely can last quite a while. look at US and what Trump did with tax reduction - boosted the whole market. China's latest tax cut package is almost doubled the amount.
