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Monday, February 20, 2017

Parkson Holding Berhad disposing PRGL for Total RM1.08 Billion

Author: BursaButterfly | Publish date: Mon, 20 Feb 2017, 12:30 PM

On 13 September 2016, Parkson holding berhad proposed to dispose Parkson Retail Group Limited for estimated RM10.3 Billion. http://www.kwongwah.com.my/?p=197158 .

On 13 October 2016, PRGL made an announcement to The HKEx in relation to the Very Substantial Disposal: Signing of the formal agreements relating to the disposal of the entire equity interests in PRC Subsidiary, and the relevant shareholder’s loan (“Transactions”) (“PRGL Announcement”). http://www.bursamalaysia.com/market/listed-companies/company-announcements/5231129

ONCE completely disposed PRGL, the earnings of the Parkson Holdings Berhad Group (“Group”) for the financial year ending 30 June 2017 will be higher by approximately RM300 million (28 sen per share). After receiving RM0.28 cash ,IT MEANS NTA value will be increased by RM0.28 per share

From the past few years, Parkson holding berhad had suffered heavy negative profit in investing overseas business, the good news is, the company realised it was a very wrong move and quickly cut loss by sold out PRGL, after the disposal completed, It should back on track to become profit making company, not to mention there will be extra RM0.28 EPS coming soon.

NOTE that the disposing income might not be reflected in Q2 upcoming quarterly result, higher chance happen in Q3 or Q4.

From the Technical analysis,

























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