http://baike.baidu.com/view/141451.htm
- Currently, Parkson has direct exposure to the Malaysian and Vietnam markets, and indirect exposure to China via its 51.5%-owned Hong Kong listed subsidiary Parkson Retail Group Ltd (PRG).
- Parkson will also transfer its Malaysian and Vietnam businesses to Parkson Asia, which would then control its operations in the three Asean countries(+Indonesia). The deal is expected to be completed in the second half of 2011.
http://www.theedgemalaysia.com/highlights/184968-parksons-indonesian-venture-lifts-growth-prospect.html (April.2011 - FY2011)
- 百盛于1994年进驻中国零售业市场（“百盛”），并在北京复兴门内大街开设首家百货店，定位于中高档消费群体。百盛是最早在中国经营时尚百货外资连锁企业之一，并且目前已经发展成为中国最大的时尚百货集团之一，拥有覆盖中国18个省26个主要城市的最广泛的营销网络。
- 对中国日益富足的中高档消费群体而言，百盛已成为家喻户晓并标志着品味和时尚的知名品牌。
http://www.beijing.cn/rcpage/bjshgwcs/page/101128.shtml
- The roots begin when Parkson Holdings Bhd was incorporated on 26 August 1982 as a private limited liability company under the name of Amalgamated Cement Mills Sdn Bhd. In 1988, it changed its name to Amalgamated Containers Sdn Bhd.
- It was publicly listed on Bursa Malaysia in 1993. It is now an investment holding company with stakes in Parkson Retail Asia and Parkson Retail Group Limited, listed on the Singapore Stock Exchange and Hong Kong Stock Exchange respectively. Lion Group owns Parkson Holdings Bhd
- As a major department store retailer, Parkson is Malaysia second largest operator with 37 stores, 20% market shares as of 2012 (source: The Edge Singapore, December 31, 2012). The number one is The Store Corporation with 26% market shares as of 2012, the only local retailer with outlets established in every state of Peninsular Malaysia. Parkson key focus is in emerging growth markets across Southeast Asia. Apart from Malaysia as their stronghold, Parkson has overseas presence in
1) Vietnam - 7 stores, number one department store retailer in retail market shares
2) Indonesia - acquisition of Centro Department stores from Indonesia Sentosa’s Group
- According to Parkson company data as published in DMG report, majority is fashion and apparel (55%), 27% is cosmetics and accessories, 14% household and 3% is groceries. Parkson private label apparel products include Linea and Alexander, Dis Direction and Weekenders which are positioned to middle and high end consumer groups.
- Parkson was set up in Malaysia in 1987 as the retailing arm of the Lion Group, controlled by Cheng Heng Jem, better known as William Cheng. The holding company owns 51.5 percent of Hong Kong-listed Parkson Retail Group Ltd., which is based in Beijing, and 67.6 percent of Singapore-listed Parkson Retail Asia Ltd., which runs all stores outside China, according to stock exchange filings. Alfred Cheng is managing director of both.
http://www.btimes.com.my/Current_News/BTIMES/articles/20111206121815/Article/index_html#ixzz1fou842hh (Dec.2011 - FY2012)
- 目前，百盛在中國和大馬分別設有49家和37家商場，越南和印尼則各有8家。鍾榮俊表示，該集團計劃本月在中國開設4家新商場. 百盛分別握有香港和新加坡上市臂膀的51.5%和67.6%股權。
http://biz.sinchew.com.my/node/54641 (Dec.2011 - FY2012)
Customers
Southeast Asia middle class professionals will continue to grow as wages rises which make business sense for Parkson to target their loyalty campaigns to them. Therefore, Parkson offers them unique shopping environment and premium brands such as Gucci, Diesel, and Replay. In addition, imported cosmetics are highly sought after by this range of income class.
http://ktwealth.blogspot.com/2013/01/parkson-retail-asia.html
- Established 24 years ago in Malaysia, Parkson is now the nation’s second largest department store operator, with a chain of 36 stores in 24 cities and a market share of about 20%. It also operates stores in Vietnam, where it controls about 36% of the department store sector.
- Earlier this year, it entered the Indonesian market through the acquisition of Centro Retail, a local chain of department stores focused on the middle class. Cheng expects to see “dramatic growth” in Indonesia over the next few years, and plans have already been drawn up for more Parkson stores across a dozen cities in the country. With a current market share of just 2.5% in Indonesia, however, Parkson Retail Asia could face a tough time establishing a foothold in the middle- to upper-middle-class consumer market there. Indeed, it faces head-on competition with other department store operators such as Sogo, Debenhams and Metro as well as local players such as Matahari and Ramayana and other specialty stores or standalone outlets offering the same products. That could see Parkson Retail Asia struggle to gain headway in the world’s fourth most populous nation. Cheng isn’t worried, though. To take on his rivals, he intends to have the company focus on fashion and cosmetics for a young, contemporary market, particularly in Jakarta and Bali. Meanwhile, he plans to pursue a dual-brand strategy in Indonesia, which will see it leveraging on the widely known Centro brand to capture the “underserved” middle-class market and expand its network to at least 12 or 13 cities in Indonesia. Cheng will also open new Parkson department stores to meet the demands of the Indonesian upper class in first-tier cities such as Jakarta, Medan and Surabaya.
http://www.theedgemalaysia.com/features/195919-parkson-retail-asia-bullish-on-growth.html (Nov.2011 - FY2012)
- 董事部對擴張策略充滿信心，憑藉穩健的資產負債表、良好的營商模式、宏厚的品牌資產，以及現有會員卡的龐大顧客群，相信已為鞏固與維持其市場領導地位準備就緒。
www.sinchew-i.com/sciBiz/node/44162 (Feb.2011 - FY2011)
- RHB Research Institute has expressed concern over one of Parkson’s major shareholders, Lion Industries (LICB) decision to invest RM281.3m for a 29% stake in Lion Blast Furnace (LBF),
- The research house said on Tuesday, March 15 that under the terms of the loan facilitiy, LICB is required to create a second charge over its 14% equity interest in Parkson as collateral in the event that LFB defaults on its loan of RM2.3bn.
http://www.theedgemalaysia.com/mobile/article.php?id=183350 (Mar.2011 - FY2011)
- How did Cheng manage to build this Malaysian brand into the most successful department store operator in China? “One of our advantages was being there early,” Alfred Cheng says.
- “Understanding your customers better than your competitors is the key to success in this sector. Coming out on top in the Chinese market gives us the confidence to operate in other countries.”
- “We have branded ourselves as a fashionable, family department store targeting the middle to upper-middle classes in the markets that we are in,” Alfred Cheng says.
http://www.theedgemalaysia.com/features/195919-parkson-retail-asia-bullish-on-growth.html (Nov.2011 - FY2012)
Meanwhile, Cheng said KL Festival City will post a earnings before tax and interest of RM20 million in the first year of operations. The mall's tenants are expected to rake in a total of RM300 million in sales in during the same period. KL Festival City, whose theme is "Every Day is a Celebration", is a 1.1 million-sq-ft mall with a total net lettable area of 500,000 sq ft.
http://www.btimes.com.my/articles/iparkmal2/Article/ (Mar.2012 - FY2012)
- By FY13, the group plans to increase the gross floor area (GFA) in China by 279k sq ft. There will be 1 new store in Malaysia, 2 in Vietnam, 2 in Indonesia and 1 in Cambodia in FY13, which will add a total of 89k sq ft of GFA in Southeast Asia.
(OSK Research May.2012)
- “Just 3% to 5% that you do that will keep it fresh for customers, but in reality its more evolutionary than revolutionary. Innovation is always the talking points that a lot of retailers use to differentiate themselves, but evolutionary changes in the way we do business is minimal and that is how consumer wants it to be.”
- And that, he says, is the reality of life. “If you look back 10 years ago, changes might seem radical but if it's just compared year on year, it is just the tweaking of brand merchandises, the customer is not looking for dramatic changes,” he says.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f22%2fbusiness%2f12060832&sec=business (Sept.2012 - FY2013)
“雖然百盛繼續邁著擴張腳步，惟管理層透露新店增速將有所放緩，放眼每年增設5家新店，我們無法估計中國同店銷售會否復甦，惟估計第三季銷售將保持平緩，即使同店銷售復甦，速度料也不會太快。＂除中國外，越南業務同店銷售成長也明顯下跌，分別在2013年首季和上半年萎縮6.3%和7.4%，管理層預見越南業務今年保持疲弱，但看好情況在2014年好轉。
http://biz.sinchew.com.my/node/72180?tid=18 (Mar.2013 - FY2013)
百盛控股（Parkson，5657，主板贸服股）宣布，百盛零售亚洲执行董事杜平坤（译音）升任总执行长，即日生效。现年58岁的杜平坤已在百盛控股服务逾25年，他在印尼市场开拓扮演重要角色，百盛控股信他能协助公司继续壮大东南亚零售市场业务。
http://www.nanyang.com.my/node/533889?tid=462 (May.2013 - FY2013)
- 百盛零售集團於中國的零售銷量在去年10月至11月按年寫下雙位數成長，即12.4%。同時，相信主導中國零售業的百盛零售集團，其成長將與零售銷售上漲的趨勢同步，同時也可以達到7到8%的同店銷售成長目標。除了預測中國零售銷量會有的強勢成長外，分析員也認為，該集團在大馬和越南的零售銷量表現皆會有增長表現。據資料顯示，該集團在越南09財政年第四季零售銷量取得23.2%強勁成長。
http://www.investalks.com/forum/viewthread.php?tid=1254&extra=&highlight=parkson&page=1 (Jan.2010 - FY2010)
- For the quarter, the company derived most of its revenues of RM447.66 million from China, the second highest from Malaysia of RM185.73 million and the rest from its Vietnam operations of RM23.09 million.
http://www.theedgemalaysia.com/in-the-financial-daily/177195-parksons-1q-net-profit-up-18-to-rm76m.html (Sept.2010 - FY2011)
- Parkson Asia’s net asset as at June 30, 2010 amounted to some S$140.3 million (RM346.28 million). This includes its 36 Parkson-branded stores in Malaysia, seven Parkson-branded stores in Vietnam as well as five Centro-branded stores and one Kem Chicks-branded gourmet supermarket in Indonesia.
- MIDF Research, in a research note on Aug 17, expected Parkson Asia to contribute about 15% of Parkson’s FY12 ending June 30 earnings, with the rest contributed by its China retail arm Parkson Retail Group Ltd, which is listed in Hong Kong.
http://www.theedgemalaysia.com/highlights/192602-gics-interest-in-parkson-signals-potential-value.html (Sept.2011 - FY2012)
Operations in China, which is held under the 51.1%-owned Hong Kong-listed Parkson Retail Group Ltd, currently contributes 83% to Parkson Holdings’ profits while its home operation only contributes 10%.
http://www.theedgemalaysia.com/mobile/article.php?id=193701 (Sept.2011 - FY2012)
百盛成立于1987年，在马来西亚、越南和印度尼西亚的黄金地区，拥有50家零售商场，零售面积近50万平方公尺。集团2011财年净利起64％报3500万元。
http://www.zaobao.com.sg/cs/cs111028_004.shtml (Oct.2011 - FY2012)
- Malaysia, Indonesia and Vietnam collectively contributed 30 percent to Parkson’s group revenue for the financial year ended June, with the rest coming from China, according to data compiled by Bloomberg. Non-China revenue may grow to mirror that generated in China in the future as the group expands, Alfred Cheng said, without specifying a time frame.
- It currently operates 49 outlets in China, 37 in Malaysia, eight each in Vietnam and Indonesia.
http://www.btimes.com.my/Current_News/BTIMES/articles/20111206121815/Article/index_html#ixzz1fou842hh (Dec.2011 - FY2012)
百盛（PARKSON，5657，主板貿服組）過去數年積極拓展中國和東南亞市場，同時放眼擴大購物商場組合，大馬研究認為百盛向來“鍾情＂於輕資產運作模式，可能在集合至少5家購物商場後展開產托化活動。
http://biz.sinchew.com.my/node/72180?tid=18 (Mar.2013 - FY2013)
Growth/Strategy
- 百盛控股也確定在中國新開2家分店，以及在大馬增建6家分店；不過，該集團去年11月份關閉關丹廣場的分店。分析員表示，關閉關丹廣場的分店，相信對該集團的盈利衝擊不大，因為該店自1994年開張以來，僅達到收支平衡而已。
http://www.investalks.com/forum/viewthread.php?tid=1254&extra=&highlight=parkson&page=1 (Jan.2010 - FY2010)
- 此集團有意於今年(2010)杪在北京增設第3家百貨商店及在中國再增設3家商店，9月前則在大馬的檳城增設多一間商店。同時，也計劃在越南河內開設多一間商店。再者，百盛有意在今年末季把1至3家中國百貨商店注入百盛零售集團（PRG），可能包括汕頭及青島的3家百貨商店，分析員相信PRG或以13至17倍過去收購記錄本益比收購這些商店。
http://biz.sinchew.com.my/node/35508 (June.2010 - FY2010)
- 英特太平洋證券研究報告指出，位于翠湖園（Taman Danau Kota）的Festival廣場，淨租賃面積（NLA）達50萬平方尺，其中12萬平方尺將出租予大人霸級市場（Giant）或Cold Storage超市。
另外，該公司也將進行現有商場收購計劃，並計劃在中國設立購物廣場。
- 報告指出，百盛控股的中國相同商場銷售成長（SSSG）料達10%、大馬則達5%至6%、越南高達20%至25%。
http://www.chinapress.com.my/node/139731 (July.2010 - FY2011)
- 黃氏唯高達表示，鑑於百盛今年將在中國增設4分行，大馬及越南各1間，促使2010年杪(FY2011)零售分行累積至93間，維持2011至2012財政年淨利預測在3億7200萬及4億7900萬令吉。
- 興業研究預計，中國、大馬及越南在2011至2012財政年的同家店面銷售額（SSS）分別取得11%、5%及20%成長。
- MIDF研究表示，儘管中國今年第二季國內生產總值取得按年10.3%成長，但零售卻按年上揚23.8%至3.6兆人民幣，反映中國大眾零售市場基礎面仍然強勁。
－ 百盛管理層透露，每年將在中國增加15%的新商場面積。
http://biz.sinchew.com.my/node/38074 (Aug.2010 - FY2011)
- 百盛取消在越南的購物商場投資，因為無法如期取得土地使用權。這間公司終止在55%聯營公司越南C.T Phuong Nam的投資活動，有關計劃涉及發展商業廣場，但基於土地使用權的延期，決定終止這項投資。
- 這間公司將可索回已支付的訂金，包括從2007年12月21日開始計算的每年8%利息，將不會對公司盈利造成具體影響，而索回的資金則可用作未來計劃的發展用途。原本百盛與聯營夥伴C&T公司共同投資、發展及營運商業大廈，主要針對中高檔市場。
http://news.sinchew.com.my/topic/node/170615 (Sept.2010 - FY2011)
- 百盛獨資子公司―百盛產業NDT因無法如期獲土地使用權，終止55%聯營公司越南C.T Phuong Nam的投資活動。
- 此聯營公司原本計劃在胡志明市發展及經營一座商業廣場，包括購物中心、辦公樓及酒店。這項計劃原定於2008年次季動工，不過，由於4千283平方呎的土地沒有如期注入聯營公司，因此最終取消以上計劃。
www.sinchew-i.com/sciBiz/node/38514 (Sept.2010 - FY2011)
- 由於越南沒有其他零售商店是以中高收入階層消費者為目標客戶，百盛得以在缺乏競爭因素下，於當地取得27%同店銷售額成長，遠高於15%成長預期。
- 大馬和越南業務雖表現亮眼，但百盛整體淨利主要仍依賴中國業務表現，中國業務對營業額和淨利的貢獻幅度各為72%和95%。截至2010年上半年，中國同店銷售額取得10至11%成長，百盛持續擴大當地零售分行，今年第四季開設3家新分行，讓2010年新分行數量達到5家。
- 負債比僅處在0.5倍水平，有足夠能力為新分店和收購進行融資，鑒於每年現金流量高達8億至9億令吉，相信在中期內無需作融資。
http://biz.sinchew.com.my/node/38747 (Sept.2010 - FY2011)
- Parkson’s 1QFY2011 revenue and net profit increased by 2.3% to RM656.5 million and 17.7% to RM76.2million year-on-year (y-o-y) respectively, attributed to a 6% growth in commissions from concessionaires to RM371 million. Direct sales dipped 1.9% y-o-y to RM255.3 million, in line with the group’s strategy to shift from direct to concessionaire sales.
- Apart from new openings, the stronger results were attributed to the impressive same-store-sales (SSS) growth in China (+10.9%), Malaysia (+9.1%) and Vietnam (+20%), which was at least in line with management’s SSS growth guidance of 10% for China, 5% to 6% for Malaysia and 15% to 20% for Vietnam.
- If not for the stronger ringgit, which has appreciated by 10% and 16% against the renminmbi and Vietnamese dong, net profit would have surged by 28.4%.
- Commission rate was flat at 20.8% y-o-y while direct sales margins expanded slightly to 16.7% from 15.9%. Overall merchandise gross margin was flat at 20.3% in 1QFY2011 versus 20.2% in 1QFY2010.
- In FY2011, the locations earmarked for new outlets in China are Beijing, Zhejiang, Zigong and Baoding. In Malaysia, there are tentatively two new outlets in the pipeline — in Festival City, Jalan Genting Klang, and First Avenue in Penang, while one new outlet is slated to open in Ho Chi Minh city, Vietnam, this December.
http://www.theedgemalaysia.com/in-the-financial-daily/177272-parkson-still-chalking-up-profit.html (Nov.2010 - FY2011)
- In an announcement to Bursa Malaysia yesterday, the company said the Minister of Commerce of the Kingdom of Cambodia had on Dec 31 last year issued a certificate of commercial registration to the establishment of Parkson Cambodia Holdings Co Ltd, which is a wholly-owned unit of East Crest International Ltd. East Crest is a wholly- owned subsidiary of Parkson Holdings.
http://www.theedgemalaysia.com/mobile/article.php?id=179569 (Jan.2011 - FY2011)
- 百盛獲柬埔寨商業部頒發商業登記證書，正式進軍柬埔寨市場
- 益資利指出，百盛進軍柬埔寨並不讓人意外，公司管理層早在去年10月透露這項意願，同時也唱好這項投資計劃，但補充首家零售分店料要到2012年下半年才會開始設立，短期內仍無法看見投資成效。
- 投資柬埔寨對百盛來說是一項全新的計劃；百盛將投資200萬至300萬美元（約610萬至920萬令吉）在首家新分店，並租用2萬8千平方米土地供新分店使用，租賃期為25年。益資利對進軍柬埔寨看法正面，認為可享有首位踏入當地市場的領先優勢，百盛計劃在初步營運的3至4年內，每年在當地增設1家分行，而且該公司持有7億6千760萬令吉現金在手，融資問題不大。
http://biz.sinchew.com.my/node/42647 (Jan.2011 - FY2011)
- Year-to-date same-store sales (SSS) growth is ahead of our full-year assumptions of 10% for China (75% of group revenue), 5% to 6% for Malaysia, and 20% for Vietnam. If the positive trend persists, we may upgrade our forecasts. A 1% increase in our SSS growth assumption would lift FY12F net profit by 1.4%.
- Additional earnings kickers will be new store openings — PHB has lined up seven stores (five in China, one each in Malaysia and Vietnam) in 2011, on top of two stores opened in January (Zigong-China and Paragon-HCMC). These could raise group retail space by 7.5% (from 1.6 million sq m now).
http://www.theedgemalaysia.com/mobile/article.php?id=182020 (Feb.2011 - FY2011)
- Parkson, which reported RM93.8 million in earnings in the second quarter, plans to accelerate its expansion plan in the countries which operates and targets to add on average 20% new operating area to its portfolio.
http://www.theedgemalaysia.com/mobile/article.php?id=182081 (Feb.2011 - FY2011)
- Parkson has identified eight new locations in China for new stores in 2011. These outlets have a total floor space of 300,000 sq m, representing a 30% increase in total floor space in China. In Malaysia and Vietnam, Parkson will open KL Festival City in June 2011 and Landmark Tower Hanoi in 3Q11.
http://klse.i3investor.com/servlets/ptres/3232.jsp (Feb.2011 - FY2011)
- Parkson said on Thursday, March 17 it signed an exclusivity agreement with TBS Group for the proposed collaboration.
- The TBS Group operates six retail stores under the brand names of Centro Lifestyle Department Store and Kem Chicks in Indonesia and it planned to add another two more stores. The eight stores were expected to generate more than US$100 million in sales turnover in 2011.
- “The proposed collaboration provides Parkson with an opportunity to establish a presence in Indonesia and extend its international network into Indonesia which has a large domestic retail market given its population base of over 240 million people,” it said.
- Parkson operates 89 department stores in Malaysia, China and Vietnam.http://sg.news.yahoo.com/parkson-holdings-expand-indonesia-retail-market-20110317-042358-183.html# (Mar.2011 - FY2011)
- 百盛控股宣佈，已與印尼Tozy Bintang Sentosa（TBS）簽署獨家協議，雙方將以90天為期，探討將百盛百貨商場引進印尼市場的可能。
http://www.chinapress.com.my/node/198390 (Mar.2011 - FY2011)
“The TBS group is expected to add two more outlets in 2011 bringing its retail store network to eight in four major Indonesian cities and should generate sales turnover in excess of US$100 million (RM306 million) for 2011,” Parkson said.
- Currently, Parkson operates 89 department stores in Malaysia, China and Vietnam, making it one of the leading retail groups in the Asia-Pacific region.
- The company is also slated to open department stores in Cambodia, after receiving an operating licence in January.
- The research house said Parkson’s additional earnings kickers would be new store openings. The company has lined up seven new stores (five in China, one each in Malaysia and Vietnam) for the remainder of this year, on top of two stores opened in January (Zigong in China and Paragon in Ho Chi Minh City, Vietnam). “These could raise group retail space by 7.5%, from 1.6 million square metres currently,” it said.
http://www.theedgemalaysia.com/mobile/article.php?id=183593 (Mar.2011 - FY2011)
- 僑豐研究相信，這項計劃無需龐大預付投資，主要是這是合作而非收購，同時相信相關合作僅對百盛淨利帶來微不足道的影響，直到該公司壯大印尼事業藍圖。
- 隨印尼零售業近年的成長顯著，總購物商場已自2003到2007年倍增，印尼零售商家協會（APRINDO）也預見，印尼未來數年的現代零售市場持續按年成長約10%，因此百盛攫取這龐大市場並不奇怪，僑豐看好上述合作為雙方造好。
- 益資利研究也預見，印尼百盛業務有望超越越南。百盛在越南擁有7家分行，當地業務現貢獻集團營運盈利3%。
http://biz.sinchew.com.my/node/45111 (Mar.2011 - FY2011)
- TBS currently operates six retail stores under the brand names Centro Lifestyle Department Store and Kem Chicks in Indonesia. We understand that the company operates mainly in Jakarta and in Bali and Yogyakarta as well, targeting the middle to low-end consumer segment. TBS is opening two more outlets in 2011 to expand its network from six outlets to eight. This plan is expected to generate a turnover of more than US$100 million (RM305 million).
- While the group could also venture into Indonesia via green field expansion, the collaboration will enable Parkson to tap on TBS’ expertise and make a smoother entry into Indonesia’s retail market.
- Given the country’s huge population and size, Indonesia’s retail market is highly fragmented. The top five companies are Sumber Alfaria Trijaya, Carrefour Indonesia, Indomarco Prismatama, Matahari Department Store and Hero Supermarket.
- According to Euromonitor, while traditional store-based retailers dominate the country’s retail market, modern and convenience stores and hypermarkets are catching up fast, with non-grocery sales gradually eating into the grocery retail market. Department stores — one of the most successful retail concepts in Indonesia — have expanded rapidly in recent years, with the total shopping space almost doubling from 2003 to 2007. This bodes well for Parkson and TBS given that both companies will be mainly involved in operating department stores.
http://www.theedgemalaysia.com/mobile/article.php?id=183682 (Mar.2011 - FY2011)
- Parkson's unit East Creat International Ltd (ECI) has entered into a conditional joint-venture agreement with PT Mitra Samaya and Parkson Retail Asia Pte Ltd (Parkson Asia) to combine its Malaysian and Vietnam retail business with the Indonesian retail business of PT Tozy Bintang Sentosa (TBS). Parkson Asia is a wholly owned subsidiary of ECI.
- Parkson said on Friday, April 8 that collaboration involved the acquisition of the entire 100% shareholding of PT Tozy Sentosa, a unit of TBS by Parkson Asia for US$13 million.
Upon completion of the acquisition, Mitra Samaya will subscribe for shares in and become a 9.9% shareholder in Parkson Asia.
- The collaboration also involves the injection of Parkson Corporation Sdn Bhd by ECI into Parkson Asia, it said.
- Parkson said the financing for the collaboration would be sourced from internally generated funds.
http://klse.i3investor.com/servlets/fdnews/195482.jsp (Mar.2011 - FY2011)
- 該公司發文告表示，旗下ECI的子公司百盛亞洲與MS達致有條件聯營，在計劃下，百盛亞洲以3千950萬令吉收購MS子公司TBS的100%股權，這使MS持有百盛亞洲的9.9%股權。(9.9%Parkson Asia股權=RM39,500,000)
- ECI獲得MS有條件認購期限，要求ECI在2014年以1億1千260萬令吉價回購MS在百盛亞洲的股權。
- Last week, Parkson announced that it will acquire the entire equity stake in Indonesian retail store operator, PT Tozy Sentosa (TS), from PT Mitra Samaya (MS) through its wholly owned subsidiary Parkson Retail Asia Pte Ltd (Parkson Asia) for RM39.5 million. Upon completion of the acquisition, MS will subscribe to 9.9% of Parkson Asia shares, leaving Parkson with a 90.1% stake.
- Parkson will also transfer its Malaysian and Vietnam businesses to Parkson Asia, which would then control its operations in the three Asean countries. The deal is expected to be completed in the second half of 2011.
- 此集團有意於今年(2010)杪在北京增設第3家百貨商店及在中國再增設3家商店，9月前則在大馬的檳城增設多一間商店。同時，也計劃在越南河內開設多一間商店。再者，百盛有意在今年末季把1至3家中國百貨商店注入百盛零售集團（PRG），可能包括汕頭及青島的3家百貨商店，分析員相信PRG或以13至17倍過去收購記錄本益比收購這些商店。
http://biz.sinchew.com.my/node/35508 (June.2010 - FY2010)
- 英特太平洋證券研究報告指出，位于翠湖園（Taman Danau Kota）的Festival廣場，淨租賃面積（NLA）達50萬平方尺，其中12萬平方尺將出租予大人霸級市場（Giant）或Cold Storage超市。
另外，該公司也將進行現有商場收購計劃，並計劃在中國設立購物廣場。
- 報告指出，百盛控股的中國相同商場銷售成長（SSSG）料達10%、大馬則達5%至6%、越南高達20%至25%。
http://www.chinapress.com.my/node/139731 (July.2010 - FY2011)
- 黃氏唯高達表示，鑑於百盛今年將在中國增設4分行，大馬及越南各1間，促使2010年杪(FY2011)零售分行累積至93間，維持2011至2012財政年淨利預測在3億7200萬及4億7900萬令吉。
- 興業研究預計，中國、大馬及越南在2011至2012財政年的同家店面銷售額（SSS）分別取得11%、5%及20%成長。
- MIDF研究表示，儘管中國今年第二季國內生產總值取得按年10.3%成長，但零售卻按年上揚23.8%至3.6兆人民幣，反映中國大眾零售市場基礎面仍然強勁。
－ 百盛管理層透露，每年將在中國增加15%的新商場面積。
http://biz.sinchew.com.my/node/38074 (Aug.2010 - FY2011)
- 百盛取消在越南的購物商場投資，因為無法如期取得土地使用權。這間公司終止在55%聯營公司越南C.T Phuong Nam的投資活動，有關計劃涉及發展商業廣場，但基於土地使用權的延期，決定終止這項投資。
- 這間公司將可索回已支付的訂金，包括從2007年12月21日開始計算的每年8%利息，將不會對公司盈利造成具體影響，而索回的資金則可用作未來計劃的發展用途。原本百盛與聯營夥伴C&T公司共同投資、發展及營運商業大廈，主要針對中高檔市場。
http://news.sinchew.com.my/topic/node/170615 (Sept.2010 - FY2011)
- 百盛獨資子公司―百盛產業NDT因無法如期獲土地使用權，終止55%聯營公司越南C.T Phuong Nam的投資活動。
- 此聯營公司原本計劃在胡志明市發展及經營一座商業廣場，包括購物中心、辦公樓及酒店。這項計劃原定於2008年次季動工，不過，由於4千283平方呎的土地沒有如期注入聯營公司，因此最終取消以上計劃。
www.sinchew-i.com/sciBiz/node/38514 (Sept.2010 - FY2011)
- 由於越南沒有其他零售商店是以中高收入階層消費者為目標客戶，百盛得以在缺乏競爭因素下，於當地取得27%同店銷售額成長，遠高於15%成長預期。
- 大馬和越南業務雖表現亮眼，但百盛整體淨利主要仍依賴中國業務表現，中國業務對營業額和淨利的貢獻幅度各為72%和95%。截至2010年上半年，中國同店銷售額取得10至11%成長，百盛持續擴大當地零售分行，今年第四季開設3家新分行，讓2010年新分行數量達到5家。
- 負債比僅處在0.5倍水平，有足夠能力為新分店和收購進行融資，鑒於每年現金流量高達8億至9億令吉，相信在中期內無需作融資。
http://biz.sinchew.com.my/node/38747 (Sept.2010 - FY2011)
- Parkson’s 1QFY2011 revenue and net profit increased by 2.3% to RM656.5 million and 17.7% to RM76.2million year-on-year (y-o-y) respectively, attributed to a 6% growth in commissions from concessionaires to RM371 million. Direct sales dipped 1.9% y-o-y to RM255.3 million, in line with the group’s strategy to shift from direct to concessionaire sales.
- Apart from new openings, the stronger results were attributed to the impressive same-store-sales (SSS) growth in China (+10.9%), Malaysia (+9.1%) and Vietnam (+20%), which was at least in line with management’s SSS growth guidance of 10% for China, 5% to 6% for Malaysia and 15% to 20% for Vietnam.
- If not for the stronger ringgit, which has appreciated by 10% and 16% against the renminmbi and Vietnamese dong, net profit would have surged by 28.4%.
- Commission rate was flat at 20.8% y-o-y while direct sales margins expanded slightly to 16.7% from 15.9%. Overall merchandise gross margin was flat at 20.3% in 1QFY2011 versus 20.2% in 1QFY2010.
- In FY2011, the locations earmarked for new outlets in China are Beijing, Zhejiang, Zigong and Baoding. In Malaysia, there are tentatively two new outlets in the pipeline — in Festival City, Jalan Genting Klang, and First Avenue in Penang, while one new outlet is slated to open in Ho Chi Minh city, Vietnam, this December.
http://www.theedgemalaysia.com/in-the-financial-daily/177272-parkson-still-chalking-up-profit.html (Nov.2010 - FY2011)
- In an announcement to Bursa Malaysia yesterday, the company said the Minister of Commerce of the Kingdom of Cambodia had on Dec 31 last year issued a certificate of commercial registration to the establishment of Parkson Cambodia Holdings Co Ltd, which is a wholly-owned unit of East Crest International Ltd. East Crest is a wholly- owned subsidiary of Parkson Holdings.
http://www.theedgemalaysia.com/mobile/article.php?id=179569 (Jan.2011 - FY2011)
- 百盛獲柬埔寨商業部頒發商業登記證書，正式進軍柬埔寨市場
- 益資利指出，百盛進軍柬埔寨並不讓人意外，公司管理層早在去年10月透露這項意願，同時也唱好這項投資計劃，但補充首家零售分店料要到2012年下半年才會開始設立，短期內仍無法看見投資成效。
- 投資柬埔寨對百盛來說是一項全新的計劃；百盛將投資200萬至300萬美元（約610萬至920萬令吉）在首家新分店，並租用2萬8千平方米土地供新分店使用，租賃期為25年。益資利對進軍柬埔寨看法正面，認為可享有首位踏入當地市場的領先優勢，百盛計劃在初步營運的3至4年內，每年在當地增設1家分行，而且該公司持有7億6千760萬令吉現金在手，融資問題不大。
http://biz.sinchew.com.my/node/42647 (Jan.2011 - FY2011)
- Year-to-date same-store sales (SSS) growth is ahead of our full-year assumptions of 10% for China (75% of group revenue), 5% to 6% for Malaysia, and 20% for Vietnam. If the positive trend persists, we may upgrade our forecasts. A 1% increase in our SSS growth assumption would lift FY12F net profit by 1.4%.
- Additional earnings kickers will be new store openings — PHB has lined up seven stores (five in China, one each in Malaysia and Vietnam) in 2011, on top of two stores opened in January (Zigong-China and Paragon-HCMC). These could raise group retail space by 7.5% (from 1.6 million sq m now).
http://www.theedgemalaysia.com/mobile/article.php?id=182020 (Feb.2011 - FY2011)
- Parkson, which reported RM93.8 million in earnings in the second quarter, plans to accelerate its expansion plan in the countries which operates and targets to add on average 20% new operating area to its portfolio.
http://www.theedgemalaysia.com/mobile/article.php?id=182081 (Feb.2011 - FY2011)
- Parkson has identified eight new locations in China for new stores in 2011. These outlets have a total floor space of 300,000 sq m, representing a 30% increase in total floor space in China. In Malaysia and Vietnam, Parkson will open KL Festival City in June 2011 and Landmark Tower Hanoi in 3Q11.
http://klse.i3investor.com/servlets/ptres/3232.jsp (Feb.2011 - FY2011)
- Parkson said on Thursday, March 17 it signed an exclusivity agreement with TBS Group for the proposed collaboration.
- The TBS Group operates six retail stores under the brand names of Centro Lifestyle Department Store and Kem Chicks in Indonesia and it planned to add another two more stores. The eight stores were expected to generate more than US$100 million in sales turnover in 2011.
- “The proposed collaboration provides Parkson with an opportunity to establish a presence in Indonesia and extend its international network into Indonesia which has a large domestic retail market given its population base of over 240 million people,” it said.
- Parkson operates 89 department stores in Malaysia, China and Vietnam.http://sg.news.yahoo.com/parkson-holdings-expand-indonesia-retail-market-20110317-042358-183.html# (Mar.2011 - FY2011)
- 百盛控股宣佈，已與印尼Tozy Bintang Sentosa（TBS）簽署獨家協議，雙方將以90天為期，探討將百盛百貨商場引進印尼市場的可能。
http://www.chinapress.com.my/node/198390 (Mar.2011 - FY2011)
“The TBS group is expected to add two more outlets in 2011 bringing its retail store network to eight in four major Indonesian cities and should generate sales turnover in excess of US$100 million (RM306 million) for 2011,” Parkson said.
- Currently, Parkson operates 89 department stores in Malaysia, China and Vietnam, making it one of the leading retail groups in the Asia-Pacific region.
- The company is also slated to open department stores in Cambodia, after receiving an operating licence in January.
- The research house said Parkson’s additional earnings kickers would be new store openings. The company has lined up seven new stores (five in China, one each in Malaysia and Vietnam) for the remainder of this year, on top of two stores opened in January (Zigong in China and Paragon in Ho Chi Minh City, Vietnam). “These could raise group retail space by 7.5%, from 1.6 million square metres currently,” it said.
http://www.theedgemalaysia.com/mobile/article.php?id=183593 (Mar.2011 - FY2011)
- 僑豐研究相信，這項計劃無需龐大預付投資，主要是這是合作而非收購，同時相信相關合作僅對百盛淨利帶來微不足道的影響，直到該公司壯大印尼事業藍圖。
- 隨印尼零售業近年的成長顯著，總購物商場已自2003到2007年倍增，印尼零售商家協會（APRINDO）也預見，印尼未來數年的現代零售市場持續按年成長約10%，因此百盛攫取這龐大市場並不奇怪，僑豐看好上述合作為雙方造好。
- 益資利研究也預見，印尼百盛業務有望超越越南。百盛在越南擁有7家分行，當地業務現貢獻集團營運盈利3%。
http://biz.sinchew.com.my/node/45111 (Mar.2011 - FY2011)
- TBS currently operates six retail stores under the brand names Centro Lifestyle Department Store and Kem Chicks in Indonesia. We understand that the company operates mainly in Jakarta and in Bali and Yogyakarta as well, targeting the middle to low-end consumer segment. TBS is opening two more outlets in 2011 to expand its network from six outlets to eight. This plan is expected to generate a turnover of more than US$100 million (RM305 million).
- While the group could also venture into Indonesia via green field expansion, the collaboration will enable Parkson to tap on TBS’ expertise and make a smoother entry into Indonesia’s retail market.
- Given the country’s huge population and size, Indonesia’s retail market is highly fragmented. The top five companies are Sumber Alfaria Trijaya, Carrefour Indonesia, Indomarco Prismatama, Matahari Department Store and Hero Supermarket.
- According to Euromonitor, while traditional store-based retailers dominate the country’s retail market, modern and convenience stores and hypermarkets are catching up fast, with non-grocery sales gradually eating into the grocery retail market. Department stores — one of the most successful retail concepts in Indonesia — have expanded rapidly in recent years, with the total shopping space almost doubling from 2003 to 2007. This bodes well for Parkson and TBS given that both companies will be mainly involved in operating department stores.
http://www.theedgemalaysia.com/mobile/article.php?id=183682 (Mar.2011 - FY2011)
- Parkson's unit East Creat International Ltd (ECI) has entered into a conditional joint-venture agreement with PT Mitra Samaya and Parkson Retail Asia Pte Ltd (Parkson Asia) to combine its Malaysian and Vietnam retail business with the Indonesian retail business of PT Tozy Bintang Sentosa (TBS). Parkson Asia is a wholly owned subsidiary of ECI.
- Parkson said on Friday, April 8 that collaboration involved the acquisition of the entire 100% shareholding of PT Tozy Sentosa, a unit of TBS by Parkson Asia for US$13 million.
Upon completion of the acquisition, Mitra Samaya will subscribe for shares in and become a 9.9% shareholder in Parkson Asia.
- The collaboration also involves the injection of Parkson Corporation Sdn Bhd by ECI into Parkson Asia, it said.
- Parkson said the financing for the collaboration would be sourced from internally generated funds.
http://klse.i3investor.com/servlets/fdnews/195482.jsp (Mar.2011 - FY2011)
- 該公司發文告表示，旗下ECI的子公司百盛亞洲與MS達致有條件聯營，在計劃下，百盛亞洲以3千950萬令吉收購MS子公司TBS的100%股權，這使MS持有百盛亞洲的9.9%股權。(9.9%Parkson Asia股權=RM39,500,000)
- ECI獲得MS有條件認購期限，要求ECI在2014年以1億1千260萬令吉價回購MS在百盛亞洲的股權。
(2011=RM39,500,000 ; 2014=RM112,600,000 ; Return for MS= 185%!!! This values Parkson Asia at RM1.14 billion.)
http://biz.sinchew.com.my/node/45896 (April.2011 - FY2011)- Last week, Parkson announced that it will acquire the entire equity stake in Indonesian retail store operator, PT Tozy Sentosa (TS), from PT Mitra Samaya (MS) through its wholly owned subsidiary Parkson Retail Asia Pte Ltd (Parkson Asia) for RM39.5 million. Upon completion of the acquisition, MS will subscribe to 9.9% of Parkson Asia shares, leaving Parkson with a 90.1% stake.
- Parkson will also transfer its Malaysian and Vietnam businesses to Parkson Asia, which would then control its operations in the three Asean countries. The deal is expected to be completed in the second half of 2011.
- Of the six outlets, five are departmental stores under the brandname of Centro Lifestyle which operates on a 70% concessionaire and 30% direct sales model. Centro departmental stores target at the mid-end market segment. The other one is a high-end supermarket under Kem Chicks.
- TS, which started business in 2003, made a RM10 million net profit on RM234 million sales for FY2009 ended Dec 31. For FY2010 ended June 30, its business in Vietnam, which started operations in 2005, made an operating profit of RM22.5 million.
- HwangDBS estimated that the Indonesian operations would contribute 9.4% incremental revenue of RM347 million and net profit of RM12.9 million, a 3.3% growth, to Parkson for FY2012 ending June 30.
- OSK said TS had been registering same store sales (SSS) growth that beats the brisk growth in Parkson’s outlets in Vietnam which is about 27%.
- “The group is planning to leverage on the Centro brand name to expand in the central and suburban areas first and slowly convert the outlets into (the brandnme of) Parkson-Centro when the areas become more affluent,” OSK said.
- The research house also noted that TS enjoyed high margins from Kem Chicks and should Parkson eventually convert its operations in Indonesia into high-end retail outlets as planned, it could see better margins moving forward.
http://www.theedgemalaysia.com/highlights/184968-parksons-indonesian-venture-lifts-growth-prospect.html (April.2011 - FY2011)
- 該公司已在印尼鑑定8地點開設百貨商場，預計未來3、4年的每年增設4百貨商場，目前只有6間。該公司放眼2015年之前，在印尼營運20到25間的百貨商場。
- 百盛控股也計劃2012首半財年，在其他地區開設新的百貨商場，包括大馬2、3間、中國8間和越南1間。
http://www.chinapress.com.my/print/230234 (July.2011 - FY2012)
- 中國市場是最大的推動力，有近50家分店，佔公司的85%淨利，受惠於當地強勁的內需。目前中國的同店營業額增長12%，但越南更達22%，而大馬則為9%。
http://biz.sinchew.com.my/node/50588 (Aug.2011 - FY2012)
- 以吉隆坡為基點的百盛控股，在大馬與越南分別經營36家與7家百貨公司。該公司3月份在新加坡成立百盛零售亞州，並在6月間以1280萬美元（約3840億令吉），從Centro百貨公司手中收購印尼的Tozy Sentosa公司。
http://biz.sinchew.com.my/node/50588 (Aug.2011 - FY2012)- 該公司已在印尼鑑定8地點開設百貨商場，預計未來3、4年的每年增設4百貨商場，目前只有6間。該公司放眼2015年之前，在印尼營運20到25間的百貨商場。
- 百盛控股也計劃2012首半財年，在其他地區開設新的百貨商場，包括大馬2、3間、中國8間和越南1間。
http://www.chinapress.com.my/print/230234 (July.2011 - FY2012)
- 中國市場是最大的推動力，有近50家分店，佔公司的85%淨利，受惠於當地強勁的內需。目前中國的同店營業額增長12%，但越南更達22%，而大馬則為9%。
http://biz.sinchew.com.my/node/50588 (Aug.2011 - FY2012)
- 以吉隆坡為基點的百盛控股，在大馬與越南分別經營36家與7家百貨公司。該公司3月份在新加坡成立百盛零售亞州，並在6月間以1280萬美元（約3840億令吉），從Centro百貨公司手中收購印尼的Tozy Sentosa公司。
- 在面对着全球经济放缓的激烈挑战下，集团将继续重塑现有的百货公司和作出有必要的调整，来应对快速变化的市场。
http://www.nanyang.com/node/378196?tid=462 (Aug.2011 - FY2012)
- The improved performance in FY11 was mainly due to: (i) Healthy same-store sales growth (China: +12%, Malaysia: +10%, Vietnam: +21%); (ii) Enlarged network of outlets (China: +4 to 47, Malaysia: +1 to 36, Vietnam: +1 to 7) and; (iii) Earnings before interest and tax (Ebit) margin improvement of one percentage point y-o-y to 29% on better cost control and merchandise mix.
- Moving forward, our three-year compounded annual growth rate of 22% for FY12F/FY13F will be well underpinned by the management’s accelerated expansion in gross floor area (GFA) by 51.5%-owned Parkson Retail Group. Certainly, a more aggressive strategy to add 20% to 25% GFA against 15% per year previously should lower its average store age and help lift same store sales growth of Parkson outlets in China. We maintain our annual new store forecasts of two each in Malaysia and Vietnam, and four in Indonesia. Total merchandise margin should remain flattish at circa 19.5% to 20%, while fashion and apparel as well as cosmetics and accessories are expected to dominate with 70% to 89% of group revenue.
http://klse.i3investor.com/servlets/ptres/4756.jsp (Aug.2011 - FY2012)
- In September 2013, Parkson will open its first full-fledged department store at the St Moritz, an upmarket shopping mall, Puri Central Business District, West Jakarta, Indonesia
- Foreign operator - expand to the recently liberalized economies of Myanmar (slated to open in March 2013) & Sri Lanka through partnerships with Yoma Strategic Holdings and Odel respectively. Parkson forms a joint entity with Yoma with 70% stake
- In 2013 - 2014, Parkson likely to be the first department store opened in Phnom Penh, Cambodia
http://ktwealth.blogspot.com/2013/01/parkson-retail-asia.html
- Parkson also hires mainly local talent, which allows it to better understand the needs of each market and tailor the merchandise according to customer demands. Parkson currently hires some 13,000 staff across China, of whom just 40 are expatriates.
- In total, Parkson runs about 50 outlets across Southeast Asia, with profits hitting S$36 million for FY ended June 30, up about 60% year-on-year (y-o-y) on the back of S$367 million in revenues, up 10% y-o-y.
http://www.theedgemalaysia.com/features/195919-parkson-retail-asia-bullish-on-growth.html (Nov.2011 - FY2012)
- The retailer that has 102 outlets in China, Malaysia, Vietnam and Indonesia, sees Myanmar, Thailand and the Philippines as potential markets, said Alfred Cheng, managing director of the units listed in Hong Kong and Singapore. Parkson plans to open 24 more stores in Asia by the end of next year, followed by its first in Cambodia in the first half of 2013, Alfred Cheng said.
- “I am always on the lookout,” he said in an interview in Kuala Lumpur yesterday. “The Indo-China region, as a whole, has about 160 million people. That’s where we want to be.”
- “The idea of Parkson Retail Asia listing in Singapore is for it to have an independent profile so that it can undertake expansion within the countries we operate in, as well as to take on new countries when opportunity arises,” Cheng said. “Fifteen years or 20 years down the road, the rest of Asia could be equal size” to Parkson’s China business.
- The group plans to open four new stores in China this month(Dec.2011), said Cheng. The retailer opened its first store in Beijing in 1994 and now derives 70 percent of sales from the world’s most populous nation for the financial year ended June(FY2011), according to data compiled by Bloomberg.
http://www.btimes.com.my/Current_News/BTIMES/articles/20111206121815/Article/index_html#ixzz1fou842hh (Dec.2011 - FY2012)
- 百盛旗下香港和新加坡上市臂膀的董事經理鍾榮俊表示，該集團在大馬、中國、越南和印尼擁有102家商場，目前籌備進軍緬甸、泰國和菲律賓等市場。他指出，百盛計劃在明年底以前，在亞洲增設24家商場，也會在2013年上半年在柬埔寨開設第一家商場。“我一直力求向外拓展，印支地區的1億6千萬人口，正符合我們的發展目標。”
- 截至6月止財政年，大馬、印尼和越南貢獻了百盛約30%營收，其餘則來自中國。鍾榮俊表示，隨著該集團持續拓展中國以外的市場，相信中國業務的比重會逐步降低。他補充，15至20年以後，相信亞洲其餘業務的規模足以等同中國業務。
- 鍾榮俊表示，百盛寄望新加坡上市臂膀維持獨立運作，以在經營週邊市場的同時，也可以趁機開拓新的市場。截至9月，大馬百盛手中現金達32億令吉，鍾榮俊指出，這些資金足以融資任何併購、增設商場等企業計劃。
http://biz.sinchew.com.my/node/54641 (Dec.2011 - FY2012)
- 百盛首個廣場――位於吉隆坡文良港的Festival City將於2月正式推介，預計為百盛2012財政年帶來約2千萬令吉的營運盈利。該廣場的建設成本達2億令吉，淨出租面積為500平方米，目前約90%已出租。
- 百盛依然在中國保持積極的分店擴張策略，擬按年開設8至10家分行，興業估計總資本開銷達近8千萬至1億2千萬令吉。
http://biz.sinchew.com.my/node/56105?tid=18 (Jan.2012 - FY2012)
- 文告稱，百盛控股獨資子公司--Parkson TSN Holdings有限公司，獲越南海防市人民委員會頒發投資准證，在越南成立百盛HBT產業有限公司。
- 透過有關為期15年的投資證，百盛HBT可豁免進口稅。百盛HBT涉及房地產諮詢與管理服務、市場調研以及其他管理諮詢的相關服務。
http://www2.orientaldaily.com.my/read//2pRc0b811pZE25980X4025a91rli98Fh (Feb.2012 - FY2012)
PHB plans to extend its network by opening 8-10 stores in China, 2 stores in Malaysia, 2-3 stores in Vietnam and 4-5 stores in Indonesia. It is conserving cash for potential M&As, including retail property acquisitions.
(OSK research Feb.2012 - FY2012)
大馬研究說，百盛次季分別在大馬、印尼及越南增設一家新店，分店拓展計劃進度良好，雖然中國零售銷售數據去年第四季按季下滑，管理層相信未來成長率可繼續穩定在中高個位數水平。
http://biz.sinchew.com.my/node/57648?tid=18 (Mar.2012 - FY2012)
- Parkson Holdings Bhd, a Lion group company, will invest some RM3 billion to develop a chain of 10 shopping complexes by 2020.The development and management of the mall, which will be under Festival City Sdn Bhd, will open in major cities within the country and carry the Festival City brandname. Group managing director Datuk Alfred Cheng this is a natural extension of its enormous retail experience and to create a new and steady source of income.
- "In some of our overseas operations where we occupy a larger area, we are already operating a ‘pseudo’ shopping malls." Cheng explained that it used the word “pseudo” as it already has seven malls in China where Parkson is the main occupant with smaller retailers.
- “The focus (previously) was to build a network of Parkson (department store). Now that we have achieved more than 105 stores in Asia, we feel ready to also venture into shopping complexes,” he said.
- “Within the next three years, we expect to have two more malls and, within 10 years, 10 malls in total in Malaysia,” he said. In a recent interview, it was reported that Parkson was finalising a second mall that will be located in Malacca. “Each mall will cost between RM250 million and RM300 million on the average or maybe even a little more,” Cheng told Business Times following the official launch of the first mall. “We will only be in major cities for a start,” he added. Cheng also did not discount the fact that it could buy an existing mall but said that it would focus on developing its own mall.
http://www.btimes.com.my/articles/iparkmal2/Article/ (Mar.2012 - FY2012)
- 百盛继续提升其现有的品牌组合，并加入更高定位的新品牌。在开设新分行方面，百盛也计划在2012年开设两家新分行，也就是在Nu Sentral和Setia City Mall。
http://www.nanyang.com.my/node/429131?tid=462 (Mar.2012 - FY2012)
- PRA目前拥有37家商店，并料将在2020年之前在大马增设18家新店。这些新店将带来约220万平方英尺的额外零售空间。PRA目前拥有420平方英尺的零售面积。增设店面与PRA每年开设两家新店及公司在2020年之前拥有和管理10座购物商场的目标相符。公司最近宣布将投资30亿令吉于发展购物管理业务。后者是为以FestivalCity品牌开设10座购物中心。PRA拟在不同地点开设更多百货商店，其中包括莎阿南的实达城购物商场(Setia CityMall)、吉隆坡的Nu Sentral零售广场及古晋的独立大厦(Plaza Merdeka)。
http://www.sharesinv.com/zh/?p=29343 (Mar.2012 - FY2012)
- 相较于早前的增长预测（+6.5%），大马2011年零售销售共计832亿令吉，录得8.1%增长，高于市场预期的6.5%。大马零售商协会（MRA）谨慎看待今年国内零售销售增长前景，仅给予6%的2012年零售销售增长预测。
http://www.nanyang.com/node/433864?tid=462 (April.2012 - FY2012)
BERJAYA Land Bhd is in discussions with Parkson Holdings Bhd (PHB) to open a department store at its RM7.5 billion Great Mall of China (GMOC) in East Beijing, China.
http://www.btimes.com.my/Current ... _html#ixzz1swPUCWNh (April.2012 - FY2012)
- 益資利研究發表報告稱，百盛未來兩年的盈利表現，主要取決於港新上市子公司增設百貨公司的進展而定。該集團2012和2013財政年所訂常年資本開銷介於2億5千萬至3億5千萬令吉。截至2011年底，香港和新加坡百盛分別握有13億令吉（約26億人民幣）和5億4千900萬令吉（約2億2千500萬新元）淨現金，足以融資增設新百貨公司的開銷。
- 2012財政年開年至今，該集團開設了10家新據點，分別坐落中國（6家）、大馬（1家）、越南（1家）和印尼（2家）. 除了區域市場，百盛也計劃加強國內市場，預期2020年之前在主要城市擁有和經營10座購物商場，平均每座資本開銷介於2億5千萬至3億令吉。
- 分析員披露，據瞭解，該集團斥資2億5千萬至3億令吉打造的第二座馬六甲商場即將完成討論工作，一旦證實，將是該集團繼去年10月KL Festival City Mall開張以來，最新的購物商場計劃。
- 分析員表示，百盛為了捍衛賺幅，將擴增代售業務的租賃空間，由於這類業務的平均累計賺幅達25%，相比下直接銷售僅是少過20%，因此這項計劃顯得相當合理。“此外，代售業務的比重提高，也意味著百盛的庫存風險和營運資本將減少。” 過去數年，百盛代售業務的營收貢獻從2008財政年的49%提高到2010年的55%，直接銷售則從46%縮至40%。
http://biz.sinchew.com.my/node/59718 (April.2012 - FY2012)
- Parkson Retail Asia Ltd (PRA), which operates department stores in Malaysia, Indonesia and Vietnam, expects to open as many as 18 new Parkson stores in Malaysia by 2020, in addition to the 37 stores currently. The additional stores would provide the retailer an additional 2.16 million sq ft of retail space from a total of 4.2 million sq ft now.
- This expansion is in line with PRA's target of opening at least two stores each year as well as its parent Parkson Holdings Bhd's (PHB) plan to own and manage 10 shopping complexes by 2020.
- PHB recently announced a RM3 billion investment to develop its shopping management business. It targets to open 10 shopping centres under the Festival City brand.
- PRA's executive director Toh Peng Koon said two Parkson department stores were slated to open this year - in Setia City Mall, Shah Alam, in May and in Nu Sentral, Kuala Lumpur, in the final quarter of this year(Q4.2012). "Besides these two, we have three more confirmed sites that will open over the next two years," Toh said. Those outlets will be located in Plaza Merdeka in Kuching, KK Times Square in Kota Kinabalu and B8 Mall in Skudai, Johor. On average, each store has a leasing area of between 120,000 sq ft and 150,000 sq ft. "Our fit-out and renovation cost in each (leased) department store is usually RM6 million. The concessionaires will spend for their fit-out," Toh said.
- Of its 37 outlets, Parkson's best performing store in terms of per sq ft is Parkson KLCC while the Parkson Pavilion derives the highest total sales. Its best performing suburban mall is its store at 1 Utama shopping centre.
- "We have witnessed this trend (surpassing MRA's projection) at Parkson for the past few years. We are seeing a 12 per cent same store growth," Toh said. "Our profits are seeing even better growth because of our economies of scale. Every one per cent growth in the topline gives us a more than one per cent growth in the bottomline," Toh pointed out.
http://www.btimes.com.my/Current ... iparkdep-2/Article/ (Mar.2012 - FY2012)
- By FY13, the group plans to increase the gross floor area (GFA) in China by 279k sq ft. There will be 1 new store in Malaysia, 2 in Vietnam, 2 in Indonesia and 1 in Cambodia in FY13, which will add a total of 89k sq ft of GFA in Southeast Asia.
(OSK Research May.2012)
- 百盛集团（亚洲）有限公司（Parkson Retail Asia Limited，简称PRA）正计划扩大在印尼的业务，以在印尼多个大城市如棉兰、泗水、梭罗和北干巴鲁开设新的商店。
- 百盛集团董事经理兼执行经理拿督钟荣俊，日前与卡拉瓦芝力宝公司（Lippp Larawaci Tbk简称LPKR）签署合作协议书，以在圣莫利茨购物中心（St. Moritz Shopping Mall）开设印尼第一家分店。
- “我们计划在人口众多的发展中国家包括印尼扩展业务。”他指出，为开设分店，PRA必须投资300万（900万令吉）至400万美元（1200万令吉）。
- LPKR零售商场部门行政总裁李山说，百盛商场承诺在LPKR属下商场签订20年的合同。不仅如此，百盛也表示，他们有意在力宝拟兴建的每个商场开设更多的新店。百盛百货商店将补充已在印尼开设8年的PRA品牌百货商店Centro，这使得该公司在印尼奉行双品牌战略。百盛成为高档百货商店，而Centro锁定中层阶级目标。PRA将扩大Centro在印尼的业务范围，在至少12至13个城市增设新店，而百盛百货商店集中在雅加达、棉兰、泗水、梭罗和北干巴鲁。该公司执行董事杜平坤（译音）表示，即將在明年开张的5家印尼新店铺当中，百盛与Centro销售店面各占两家及三家。
- 杜平坤补充，初涉足印尼市场將集中拓展雅加达、苏拉巴亚及美丹的百盛连锁店网络。至于Centro品牌的店面，该公司计划渗透印尼、苏门答腊、加里曼丹与苏拉威西四大城市。目前，Centro销售店在大雅加达地区、日惹市、巴厘及东爪哇的泗水都有分店。
http://www.nanyang.com.my/node/450941?tid=462 (June.2012 - FY2012)
-百盛控股（PARKSON，5657，主板贸服股）计划明年在印尼投入1500万美元（约4785万令吉），增设5家新销售店面。
-目前，百盛控股旗下108家销售分店遍佈大马、中国与越南。据钟荣锦透露，百盛控股设在印尼雅加达西部圣莫里茨首家分店將于明年9月开张。钟荣锦补充，百盛控股在印尼的零售连锁店对公司去年销售贡献比重不到3%，中国分店则为公司带来约7成营业额。另外，钟氏透露，百盛控股计划明年次季在柬埔寨开店。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=14279:4785-5&Itemid=198 (June.2012 - FY2013)
- As it is, China operations are well on track for an earnings recovery, with the management maintaining a target same-store sales growth (SSSG) of a mid-to-high single digit. To be sure, we understand SSSG in April rebounded to 7%, up from a mere 2% in 1QCY12 due to poor performance at both the Beijing and Shanghai flagship stores which make up 10% to 15% of PRG’s sales.
http://www.theedgemalaysia.com/business-news/216622-parksons-bargain-on-the-shelves.html (July.2012 - FY2013)
- 該行對它2012年至2014年財政年的淨利預測調低8至15%之間，因配合調低其平均銷售/建築面積成長率，以及開設新的分店等因素，包括中國每年增加8至10間分店、大馬2間、印尼4至5間，越南則增設2至3間，以及柬埔寨為1間。
http://biz.sinchew.com.my/node/62562 (July.2012 - FY2013)
- 百盛控股（Parkson，5657，主板贸服股）的股价在今年2月初创下每股5.83令吉的高峰后，至今已下跌约26%。这主要是中国经济增长放缓，引起了市场的隐忧，进而影响消费者开支所致，中国的6月份零售销售增长连续5个月走低，从去年12月份的增长18.1%，降低至13.7%。我们估计，中国的同店销售（SSS）增长为6至8%，低于之前的11至15%。整体来说，我们相信百盛控股遭到过度抛售，是因为其持有51.5%股权的香港上市公司——百盛零售集团，在香港的股价表现疲弱，加剧百盛控股的情况。
http://www.nanyang.com.my/node/462844?tid=704 (July.2012 - FY2013)
- In an announcement to Bursa Malaysia yesterday, Parkson said PRA had acquired a 41.82% stake in Sri Lanka’s fashion retailer Odel Plc, which is listed on the Colombo Stock Exchange, for S$13.6 million (RM34.3 million). The stake, which translates into 60.62 million shares in Odel, was acquired from the Gunewardene family at about 9.8% premium to the weighted market price of Odel on Wednesday. The family will keep its remaining 41.82% stake in Odel.
- Subsequent to the transaction, PRA will extend a mandatory offer to minority shareholders of Odel and launch a one-for-one rights issue that will raise S$27.7 million in capital for business expansion.
- Odel was incorporated in Sri Lanka in 1990 and was converted to a public limited company in 2010. It has a paid-up capital of S$2.4 million and its principal activity is fashion retailing. For the financial year ended March 31, the company registered sales of S$36.5 million and a net profit of S$1.9 million.
- PRA said in a statement the acquisition is part of its strategy to go beyond the Southeast Asian market to seek opportunities in countries with strong growth. “The proposed acquisition provides Parkson Retail Asia with an opportunity to establish a footprint in Sri Lanka and extend its department store chain to other parts of Asia,” it added. The acquisition is expected to be completed by August and the mandatory offer by November. Once completed, the proposed rights issue will commence.
- PRA said it does not intend to make major changes to Odel’s operations in the near future and that it will be represented on the board of Odel, “thereby providing overall strategic direction to the operations of Odel”.
http://www.theedgemalaysia.com/mobile/article.php?id=217639 (July.2012 - FY2013)
- 百盛零售亞洲及獨資子公司――百盛緬甸、新加坡股市上市公司――佑瑪戰略控股，以及第一緬甸投資有限公司等，簽署一項合約備忘錄，以計劃在緬甸成立聯營公司――百盛百貨。百盛緬甸將持有聯營公司的70%股權，佑瑪戰略控股持20%，以及第一緬甸投資持10%。初步投資資本為210萬美元。聯營公司的首間百貨公司將坐落在仰光的FMI中心，建築樓面佔4萬3千平方尺，預料明年3月31日開張。
http://biz.sinchew.com.my/node/64032 (Aug.2012 - FY2013)
- Listed on the Singapore Stock Exchange, YSH is a land developer with experience in construction, design and project management for real estate developments in Myanmar and the PRC. Properties held by YSH in Myanmar include FMI City and Pun Hliang Golf Estate. The JV with YSH allows PRA to leverage on the expertise of a company with experience in a relatively unknown market. PRA’s first Myanmar Parkson store will be located in FMI Centre in the Pabedan Township of Yangon, with a built-up area of 43,000 sq ft over four storeys. The store is targeted to launch by end-March 2013.
(Affin Research Aug.2012 - FY2013)
- 百盛（PARKSON，5657，主板貿服組）旗下百盛零售集團的中國業務因中國經濟放緩失利，令淨利挫10.4%，表現低於預期，分析員認為其中國營運短期內將繼續面對盈利下跌風險。
- 百盛其51%持股子公司百盛零售集團（PRG）首半年淨利跌10.4%至5億3千890萬人民幣（約2億6千950萬令吉），只達興業預測的40%。中國商場每商場銷售成長挫至2.9%，去年首半年則增長13.3%
- 興業說，儘管經濟前景陰霾，未來兩年，百盛每年預測新開7至10間百盛商場，今年已在太原、南寧與濟南開新商場，下半年另開4間，以使目前的2%市佔率進一步擴大。PRG是百盛舉足輕重貢獻者，營運盈利80%由中國營運作貢獻。
http://biz.sinchew.com.my/node/64427 (Aug.2012 - FY2013)
- Parkson will continue to expand by opening two new stores in Malaysia, 2-3 in Vietnam, 4-5 in Indonesia and 8-10 in China in FY13.
(OSK Research Aug.2012 - FY2012)
- Parkson Holdings Bhd told Bursa Malaysia yesterday that its wholly-owned subsidiary Megan Mastika Sdn Bhd had signed a conditional agreement to buy 15 acres in Malacca from Dimensi Andaman Sdn Bhd for RM98mil in cash. The 15 acres represent part of the 23.22-acre land which Dimensi Andaman is acquiring from its holding company, Ayer Keroh Resort Sdn Bhd.
- It said that Ayer Keroh Resort was currently carrying out reclamation works on the land and the Malacca government was expected to issue a title with a leasehold term of 99 years.
Dimensi Andaman plans to undertake an integrated property development project on the 23.22 acres, including a shopping mall, serviced apartments and boutique hotel.
- “In line with the Parkson Holdings group’s objective of owning key shopping malls, the proposed acquisition represents an opportunity to develop a shopping mall at a strategic location in Malacca among the famous tourist attractions and in an area planned for mixed development with the advantage of frontage of the sea,” it said.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f4%2fbusiness%2f11963648&sec=business (Sept.2012 - FY2013)
“百盛計劃在2015年之前建設至少3到4家購物中心，旗下首家購物中心－－KL Festival City已於去年10月開張，該商場資本開銷約2億1千500萬令吉。＂截至2012年6月，百盛內部淨現金高達17億7千零40萬令吉，若按KL Festival City發展成本計算，馬六甲購物中心發展成本估計約4億零300萬令吉，加上土地收購成本，淨現金將下滑至12億6千940萬令吉，現金儲備依然雄厚。- Parkson also hires mainly local talent, which allows it to better understand the needs of each market and tailor the merchandise according to customer demands. Parkson currently hires some 13,000 staff across China, of whom just 40 are expatriates.
- In total, Parkson runs about 50 outlets across Southeast Asia, with profits hitting S$36 million for FY ended June 30, up about 60% year-on-year (y-o-y) on the back of S$367 million in revenues, up 10% y-o-y.
http://www.theedgemalaysia.com/features/195919-parkson-retail-asia-bullish-on-growth.html (Nov.2011 - FY2012)
- The retailer that has 102 outlets in China, Malaysia, Vietnam and Indonesia, sees Myanmar, Thailand and the Philippines as potential markets, said Alfred Cheng, managing director of the units listed in Hong Kong and Singapore. Parkson plans to open 24 more stores in Asia by the end of next year, followed by its first in Cambodia in the first half of 2013, Alfred Cheng said.
- “I am always on the lookout,” he said in an interview in Kuala Lumpur yesterday. “The Indo-China region, as a whole, has about 160 million people. That’s where we want to be.”
- “The idea of Parkson Retail Asia listing in Singapore is for it to have an independent profile so that it can undertake expansion within the countries we operate in, as well as to take on new countries when opportunity arises,” Cheng said. “Fifteen years or 20 years down the road, the rest of Asia could be equal size” to Parkson’s China business.
- The group plans to open four new stores in China this month(Dec.2011), said Cheng. The retailer opened its first store in Beijing in 1994 and now derives 70 percent of sales from the world’s most populous nation for the financial year ended June(FY2011), according to data compiled by Bloomberg.
http://www.btimes.com.my/Current_News/BTIMES/articles/20111206121815/Article/index_html#ixzz1fou842hh (Dec.2011 - FY2012)
- 百盛旗下香港和新加坡上市臂膀的董事經理鍾榮俊表示，該集團在大馬、中國、越南和印尼擁有102家商場，目前籌備進軍緬甸、泰國和菲律賓等市場。他指出，百盛計劃在明年底以前，在亞洲增設24家商場，也會在2013年上半年在柬埔寨開設第一家商場。“我一直力求向外拓展，印支地區的1億6千萬人口，正符合我們的發展目標。”
- 截至6月止財政年，大馬、印尼和越南貢獻了百盛約30%營收，其餘則來自中國。鍾榮俊表示，隨著該集團持續拓展中國以外的市場，相信中國業務的比重會逐步降低。他補充，15至20年以後，相信亞洲其餘業務的規模足以等同中國業務。
- 鍾榮俊表示，百盛寄望新加坡上市臂膀維持獨立運作，以在經營週邊市場的同時，也可以趁機開拓新的市場。截至9月，大馬百盛手中現金達32億令吉，鍾榮俊指出，這些資金足以融資任何併購、增設商場等企業計劃。
http://biz.sinchew.com.my/node/54641 (Dec.2011 - FY2012)
- 百盛首個廣場――位於吉隆坡文良港的Festival City將於2月正式推介，預計為百盛2012財政年帶來約2千萬令吉的營運盈利。該廣場的建設成本達2億令吉，淨出租面積為500平方米，目前約90%已出租。
- 百盛依然在中國保持積極的分店擴張策略，擬按年開設8至10家分行，興業估計總資本開銷達近8千萬至1億2千萬令吉。
http://biz.sinchew.com.my/node/56105?tid=18 (Jan.2012 - FY2012)
- 文告稱，百盛控股獨資子公司--Parkson TSN Holdings有限公司，獲越南海防市人民委員會頒發投資准證，在越南成立百盛HBT產業有限公司。
- 透過有關為期15年的投資證，百盛HBT可豁免進口稅。百盛HBT涉及房地產諮詢與管理服務、市場調研以及其他管理諮詢的相關服務。
http://www2.orientaldaily.com.my/read//2pRc0b811pZE25980X4025a91rli98Fh (Feb.2012 - FY2012)
PHB plans to extend its network by opening 8-10 stores in China, 2 stores in Malaysia, 2-3 stores in Vietnam and 4-5 stores in Indonesia. It is conserving cash for potential M&As, including retail property acquisitions.
(OSK research Feb.2012 - FY2012)
大馬研究說，百盛次季分別在大馬、印尼及越南增設一家新店，分店拓展計劃進度良好，雖然中國零售銷售數據去年第四季按季下滑，管理層相信未來成長率可繼續穩定在中高個位數水平。
http://biz.sinchew.com.my/node/57648?tid=18 (Mar.2012 - FY2012)
- Parkson Holdings Bhd, a Lion group company, will invest some RM3 billion to develop a chain of 10 shopping complexes by 2020.The development and management of the mall, which will be under Festival City Sdn Bhd, will open in major cities within the country and carry the Festival City brandname. Group managing director Datuk Alfred Cheng this is a natural extension of its enormous retail experience and to create a new and steady source of income.
- "In some of our overseas operations where we occupy a larger area, we are already operating a ‘pseudo’ shopping malls." Cheng explained that it used the word “pseudo” as it already has seven malls in China where Parkson is the main occupant with smaller retailers.
- “The focus (previously) was to build a network of Parkson (department store). Now that we have achieved more than 105 stores in Asia, we feel ready to also venture into shopping complexes,” he said.
- “Within the next three years, we expect to have two more malls and, within 10 years, 10 malls in total in Malaysia,” he said. In a recent interview, it was reported that Parkson was finalising a second mall that will be located in Malacca. “Each mall will cost between RM250 million and RM300 million on the average or maybe even a little more,” Cheng told Business Times following the official launch of the first mall. “We will only be in major cities for a start,” he added. Cheng also did not discount the fact that it could buy an existing mall but said that it would focus on developing its own mall.
http://www.btimes.com.my/articles/iparkmal2/Article/ (Mar.2012 - FY2012)
- 百盛继续提升其现有的品牌组合，并加入更高定位的新品牌。在开设新分行方面，百盛也计划在2012年开设两家新分行，也就是在Nu Sentral和Setia City Mall。
http://www.nanyang.com.my/node/429131?tid=462 (Mar.2012 - FY2012)
- PRA目前拥有37家商店，并料将在2020年之前在大马增设18家新店。这些新店将带来约220万平方英尺的额外零售空间。PRA目前拥有420平方英尺的零售面积。增设店面与PRA每年开设两家新店及公司在2020年之前拥有和管理10座购物商场的目标相符。公司最近宣布将投资30亿令吉于发展购物管理业务。后者是为以FestivalCity品牌开设10座购物中心。PRA拟在不同地点开设更多百货商店，其中包括莎阿南的实达城购物商场(Setia CityMall)、吉隆坡的Nu Sentral零售广场及古晋的独立大厦(Plaza Merdeka)。
http://www.sharesinv.com/zh/?p=29343 (Mar.2012 - FY2012)
- 相较于早前的增长预测（+6.5%），大马2011年零售销售共计832亿令吉，录得8.1%增长，高于市场预期的6.5%。大马零售商协会（MRA）谨慎看待今年国内零售销售增长前景，仅给予6%的2012年零售销售增长预测。
http://www.nanyang.com/node/433864?tid=462 (April.2012 - FY2012)
BERJAYA Land Bhd is in discussions with Parkson Holdings Bhd (PHB) to open a department store at its RM7.5 billion Great Mall of China (GMOC) in East Beijing, China.
http://www.btimes.com.my/Current ... _html#ixzz1swPUCWNh (April.2012 - FY2012)
- 益資利研究發表報告稱，百盛未來兩年的盈利表現，主要取決於港新上市子公司增設百貨公司的進展而定。該集團2012和2013財政年所訂常年資本開銷介於2億5千萬至3億5千萬令吉。截至2011年底，香港和新加坡百盛分別握有13億令吉（約26億人民幣）和5億4千900萬令吉（約2億2千500萬新元）淨現金，足以融資增設新百貨公司的開銷。
- 2012財政年開年至今，該集團開設了10家新據點，分別坐落中國（6家）、大馬（1家）、越南（1家）和印尼（2家）. 除了區域市場，百盛也計劃加強國內市場，預期2020年之前在主要城市擁有和經營10座購物商場，平均每座資本開銷介於2億5千萬至3億令吉。
- 分析員披露，據瞭解，該集團斥資2億5千萬至3億令吉打造的第二座馬六甲商場即將完成討論工作，一旦證實，將是該集團繼去年10月KL Festival City Mall開張以來，最新的購物商場計劃。
- 分析員表示，百盛為了捍衛賺幅，將擴增代售業務的租賃空間，由於這類業務的平均累計賺幅達25%，相比下直接銷售僅是少過20%，因此這項計劃顯得相當合理。“此外，代售業務的比重提高，也意味著百盛的庫存風險和營運資本將減少。” 過去數年，百盛代售業務的營收貢獻從2008財政年的49%提高到2010年的55%，直接銷售則從46%縮至40%。
http://biz.sinchew.com.my/node/59718 (April.2012 - FY2012)
- Parkson Retail Asia Ltd (PRA), which operates department stores in Malaysia, Indonesia and Vietnam, expects to open as many as 18 new Parkson stores in Malaysia by 2020, in addition to the 37 stores currently. The additional stores would provide the retailer an additional 2.16 million sq ft of retail space from a total of 4.2 million sq ft now.
- This expansion is in line with PRA's target of opening at least two stores each year as well as its parent Parkson Holdings Bhd's (PHB) plan to own and manage 10 shopping complexes by 2020.
- PHB recently announced a RM3 billion investment to develop its shopping management business. It targets to open 10 shopping centres under the Festival City brand.
- PRA's executive director Toh Peng Koon said two Parkson department stores were slated to open this year - in Setia City Mall, Shah Alam, in May and in Nu Sentral, Kuala Lumpur, in the final quarter of this year(Q4.2012). "Besides these two, we have three more confirmed sites that will open over the next two years," Toh said. Those outlets will be located in Plaza Merdeka in Kuching, KK Times Square in Kota Kinabalu and B8 Mall in Skudai, Johor. On average, each store has a leasing area of between 120,000 sq ft and 150,000 sq ft. "Our fit-out and renovation cost in each (leased) department store is usually RM6 million. The concessionaires will spend for their fit-out," Toh said.
- Of its 37 outlets, Parkson's best performing store in terms of per sq ft is Parkson KLCC while the Parkson Pavilion derives the highest total sales. Its best performing suburban mall is its store at 1 Utama shopping centre.
- "We have witnessed this trend (surpassing MRA's projection) at Parkson for the past few years. We are seeing a 12 per cent same store growth," Toh said. "Our profits are seeing even better growth because of our economies of scale. Every one per cent growth in the topline gives us a more than one per cent growth in the bottomline," Toh pointed out.
http://www.btimes.com.my/Current ... iparkdep-2/Article/ (Mar.2012 - FY2012)
- By FY13, the group plans to increase the gross floor area (GFA) in China by 279k sq ft. There will be 1 new store in Malaysia, 2 in Vietnam, 2 in Indonesia and 1 in Cambodia in FY13, which will add a total of 89k sq ft of GFA in Southeast Asia.
(OSK Research May.2012)
- 百盛集团（亚洲）有限公司（Parkson Retail Asia Limited，简称PRA）正计划扩大在印尼的业务，以在印尼多个大城市如棉兰、泗水、梭罗和北干巴鲁开设新的商店。
- 百盛集团董事经理兼执行经理拿督钟荣俊，日前与卡拉瓦芝力宝公司（Lippp Larawaci Tbk简称LPKR）签署合作协议书，以在圣莫利茨购物中心（St. Moritz Shopping Mall）开设印尼第一家分店。
- “我们计划在人口众多的发展中国家包括印尼扩展业务。”他指出，为开设分店，PRA必须投资300万（900万令吉）至400万美元（1200万令吉）。
- LPKR零售商场部门行政总裁李山说，百盛商场承诺在LPKR属下商场签订20年的合同。不仅如此，百盛也表示，他们有意在力宝拟兴建的每个商场开设更多的新店。百盛百货商店将补充已在印尼开设8年的PRA品牌百货商店Centro，这使得该公司在印尼奉行双品牌战略。百盛成为高档百货商店，而Centro锁定中层阶级目标。PRA将扩大Centro在印尼的业务范围，在至少12至13个城市增设新店，而百盛百货商店集中在雅加达、棉兰、泗水、梭罗和北干巴鲁。该公司执行董事杜平坤（译音）表示，即將在明年开张的5家印尼新店铺当中，百盛与Centro销售店面各占两家及三家。
- 杜平坤补充，初涉足印尼市场將集中拓展雅加达、苏拉巴亚及美丹的百盛连锁店网络。至于Centro品牌的店面，该公司计划渗透印尼、苏门答腊、加里曼丹与苏拉威西四大城市。目前，Centro销售店在大雅加达地区、日惹市、巴厘及东爪哇的泗水都有分店。
http://www.nanyang.com.my/node/450941?tid=462 (June.2012 - FY2012)
-百盛控股（PARKSON，5657，主板贸服股）计划明年在印尼投入1500万美元（约4785万令吉），增设5家新销售店面。
-目前，百盛控股旗下108家销售分店遍佈大马、中国与越南。据钟荣锦透露，百盛控股设在印尼雅加达西部圣莫里茨首家分店將于明年9月开张。钟荣锦补充，百盛控股在印尼的零售连锁店对公司去年销售贡献比重不到3%，中国分店则为公司带来约7成营业额。另外，钟氏透露，百盛控股计划明年次季在柬埔寨开店。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=14279:4785-5&Itemid=198 (June.2012 - FY2013)
- As it is, China operations are well on track for an earnings recovery, with the management maintaining a target same-store sales growth (SSSG) of a mid-to-high single digit. To be sure, we understand SSSG in April rebounded to 7%, up from a mere 2% in 1QCY12 due to poor performance at both the Beijing and Shanghai flagship stores which make up 10% to 15% of PRG’s sales.
http://www.theedgemalaysia.com/business-news/216622-parksons-bargain-on-the-shelves.html (July.2012 - FY2013)
- 該行對它2012年至2014年財政年的淨利預測調低8至15%之間，因配合調低其平均銷售/建築面積成長率，以及開設新的分店等因素，包括中國每年增加8至10間分店、大馬2間、印尼4至5間，越南則增設2至3間，以及柬埔寨為1間。
http://biz.sinchew.com.my/node/62562 (July.2012 - FY2013)
- 百盛控股（Parkson，5657，主板贸服股）的股价在今年2月初创下每股5.83令吉的高峰后，至今已下跌约26%。这主要是中国经济增长放缓，引起了市场的隐忧，进而影响消费者开支所致，中国的6月份零售销售增长连续5个月走低，从去年12月份的增长18.1%，降低至13.7%。我们估计，中国的同店销售（SSS）增长为6至8%，低于之前的11至15%。整体来说，我们相信百盛控股遭到过度抛售，是因为其持有51.5%股权的香港上市公司——百盛零售集团，在香港的股价表现疲弱，加剧百盛控股的情况。
http://www.nanyang.com.my/node/462844?tid=704 (July.2012 - FY2013)
- In an announcement to Bursa Malaysia yesterday, Parkson said PRA had acquired a 41.82% stake in Sri Lanka’s fashion retailer Odel Plc, which is listed on the Colombo Stock Exchange, for S$13.6 million (RM34.3 million). The stake, which translates into 60.62 million shares in Odel, was acquired from the Gunewardene family at about 9.8% premium to the weighted market price of Odel on Wednesday. The family will keep its remaining 41.82% stake in Odel.
- Subsequent to the transaction, PRA will extend a mandatory offer to minority shareholders of Odel and launch a one-for-one rights issue that will raise S$27.7 million in capital for business expansion.
- Odel was incorporated in Sri Lanka in 1990 and was converted to a public limited company in 2010. It has a paid-up capital of S$2.4 million and its principal activity is fashion retailing. For the financial year ended March 31, the company registered sales of S$36.5 million and a net profit of S$1.9 million.
- PRA said in a statement the acquisition is part of its strategy to go beyond the Southeast Asian market to seek opportunities in countries with strong growth. “The proposed acquisition provides Parkson Retail Asia with an opportunity to establish a footprint in Sri Lanka and extend its department store chain to other parts of Asia,” it added. The acquisition is expected to be completed by August and the mandatory offer by November. Once completed, the proposed rights issue will commence.
- PRA said it does not intend to make major changes to Odel’s operations in the near future and that it will be represented on the board of Odel, “thereby providing overall strategic direction to the operations of Odel”.
http://www.theedgemalaysia.com/mobile/article.php?id=217639 (July.2012 - FY2013)
- 百盛零售亞洲及獨資子公司――百盛緬甸、新加坡股市上市公司――佑瑪戰略控股，以及第一緬甸投資有限公司等，簽署一項合約備忘錄，以計劃在緬甸成立聯營公司――百盛百貨。百盛緬甸將持有聯營公司的70%股權，佑瑪戰略控股持20%，以及第一緬甸投資持10%。初步投資資本為210萬美元。聯營公司的首間百貨公司將坐落在仰光的FMI中心，建築樓面佔4萬3千平方尺，預料明年3月31日開張。
http://biz.sinchew.com.my/node/64032 (Aug.2012 - FY2013)
- Listed on the Singapore Stock Exchange, YSH is a land developer with experience in construction, design and project management for real estate developments in Myanmar and the PRC. Properties held by YSH in Myanmar include FMI City and Pun Hliang Golf Estate. The JV with YSH allows PRA to leverage on the expertise of a company with experience in a relatively unknown market. PRA’s first Myanmar Parkson store will be located in FMI Centre in the Pabedan Township of Yangon, with a built-up area of 43,000 sq ft over four storeys. The store is targeted to launch by end-March 2013.
(Affin Research Aug.2012 - FY2013)
- 百盛（PARKSON，5657，主板貿服組）旗下百盛零售集團的中國業務因中國經濟放緩失利，令淨利挫10.4%，表現低於預期，分析員認為其中國營運短期內將繼續面對盈利下跌風險。
- 百盛其51%持股子公司百盛零售集團（PRG）首半年淨利跌10.4%至5億3千890萬人民幣（約2億6千950萬令吉），只達興業預測的40%。中國商場每商場銷售成長挫至2.9%，去年首半年則增長13.3%
- 興業說，儘管經濟前景陰霾，未來兩年，百盛每年預測新開7至10間百盛商場，今年已在太原、南寧與濟南開新商場，下半年另開4間，以使目前的2%市佔率進一步擴大。PRG是百盛舉足輕重貢獻者，營運盈利80%由中國營運作貢獻。
http://biz.sinchew.com.my/node/64427 (Aug.2012 - FY2013)
- Parkson will continue to expand by opening two new stores in Malaysia, 2-3 in Vietnam, 4-5 in Indonesia and 8-10 in China in FY13.
(OSK Research Aug.2012 - FY2012)
- Parkson Holdings Bhd told Bursa Malaysia yesterday that its wholly-owned subsidiary Megan Mastika Sdn Bhd had signed a conditional agreement to buy 15 acres in Malacca from Dimensi Andaman Sdn Bhd for RM98mil in cash. The 15 acres represent part of the 23.22-acre land which Dimensi Andaman is acquiring from its holding company, Ayer Keroh Resort Sdn Bhd.
- It said that Ayer Keroh Resort was currently carrying out reclamation works on the land and the Malacca government was expected to issue a title with a leasehold term of 99 years.
Dimensi Andaman plans to undertake an integrated property development project on the 23.22 acres, including a shopping mall, serviced apartments and boutique hotel.
- “In line with the Parkson Holdings group’s objective of owning key shopping malls, the proposed acquisition represents an opportunity to develop a shopping mall at a strategic location in Malacca among the famous tourist attractions and in an area planned for mixed development with the advantage of frontage of the sea,” it said.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f4%2fbusiness%2f11963648&sec=business (Sept.2012 - FY2013)
http://biz.sinchew.com.my/node/64786 (Sept.2012 - FY2013)
- Parkson competes with regional players such as Robinson Department Store PCL, AEON Co Bhd and Ramayana Lestari Sentosa Tbk PT, but is the largest player in Vietnam.
- Comparing his experience in Vietnam, Cheng expected Parkson to see double-digit sales growth in Myanmar in the first four to five years, potentially in the 20% to 30% range.
- Although Cheng conceded that Myanmar was not ready for a full-fledged department store now, it planned to open a relatively small one at 40,000 sq ft in Yangon before March 2013 to test consumer behaviour and train local staff. After years of isolation, resource-rich Myanmar has sped up policy changes, prompting companies to express interest in investing in the country.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f18%2fbusiness%2f12041483&sec=business (Sept.2012 - FY2013)
- 公司认为缅甸还未准备好迎接全方位零售商店，锺荣锦表示将在2013年3月前先于仰光设立一家规模较小的零售商店（面积约4万平方公尺），测试当地消费习惯和作员工培训。第三或第四年，百盛零售亚洲放眼开设一间全方位零售商店（面积约为15万至20万平方公尺），以迎合中产阶级以上的需求。
- 越南业绩占百盛零售亚洲整体4500万新元（约1亿1200万令吉）（截至2012年6月30日）的10%，公司预期，越南业务到了2013年时同店销售增长率将仅录得中低阶的单位数增螯，相比之下，最新财年取得9%的增长率。
http://www.nanyang.com.my/node/478011?tid=461Cached (Sept.2012 - FY2013)
- Carrying an extremely diverse range of brands from men's wear Alain Delon to skincare ZO Skin Health, not only Parkson experienced an influx of European brand enquiries seeking for exposure in the Asian market, it has also seen the emergence of Asian designer brands as well from Malaysian contemporary designers Key Ng and Melinda Looi. Meanwhile, in China, lingerie Aimer and sportswear Lining are making inroads to other markets too by leveraging on Parkson.
- Currently, it plans to open a 40,000-sq-ft departmental store in Yangon, the capital city of Myanmar, by next year. The population of Yangon accounts for 45% to 55% of the buying power of the entire country.
- Naming Thailand's retail giant Central Retail Corp and South Korea's Lotte Co Ltd as its biggest potential competitors to fight for a bigger slice of the pie in Asia, Parkson is bringing its A-game on the table to meet the competition.
- The company has also ventured into Indonesia with a platform of six stores under the name Centro Lifestyle Department Store, while similar ventures has been done in Sri Lanka with 17 stores under the name Odel.
- Describing its learn-and-train strategy as the most understated reason for Parkson's success, Cheng says it is also why the company's ears are closer to the ground. “When the Americans expand overseas, they can send a full team of expatriates over to the country, but we can't. These expatriates would just mixed among themselves but for our staffs, they have to socialise and make friends if we just send him alone to a new country.“That is how we learn the culture after mixing and working with the local people and learn about their habits,” he says.
- Even in Malaysia which is a relatively small market for the company, Cheng says the Malaysian market had experienced a commendable 9% growth last year. “The growth in the local market is still very much intact, and I think we intend to expand our presence in the Klang Valley as we still do not have presence in many pockets of the area, and also extend our reach to Sabah and Sarawak.
- “Our plan has always been to open two local stores a year, two to three in Vietnam, four to five in Indonesia and eight to 10 in China,” he says.
- “In today's world, with technology and accessibility, retailers have to look at all channels, multiple-channel platform eventually, to communicate with customers. “We are now testing our online site and expect to launch it sometime next month concurrently in both China and Malaysia for a start. “Today, a good e-commerce site for a departmental store does anywhere between 8% and 12% sales of the overall company. It is an important extension of operations and when you have more business virtually, it will spill over to the physical store too. “Three years down the road, with our presence across Asia, the e-commerce site might just be our biggest store yet,” he says.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f22%2fbusiness%2f12060832&sec=business (Sept.2012 - FY2013)
百盛零售在今年首九个月于中国开设3家新分店，预计另有3家新分店將在2012年杪前开张。该公司目前在中国35个城市，经营53家分店，並计划在未来几年內，每年增设5至6家新分店，主攻中级城市。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=31888:&Itemid=198 (Nov.2012 - FY2013)
“中國新門市從8至10間減至5至6間，同店銷售成長方面，中國從7%至9%調降至2%，大馬各從8%至10%減至7%至9%，越南維持10%，而印尼則從至8%至10%提昇至9%至10%。＂肯納格研究。鑒於新門市虧損導致營運成本開銷走高，該行下調2013至2014財測12.5%及7.9%，至3億7千零20萬令吉及4億1千790萬令吉。
- 黃氏唯高達指出，首季業績不理想，主要是中國消費情緒放緩、北京上海旗艦店裝修和同業促銷影響同店銷售下跌1%，東南亞業務非營運成本也因收購和開始電子商務而攀升至190萬令吉。
http://biz.sinchew.com.my/node/68026 (Dec.2012 - FY2013)
- Parkson Retail Group Ltd has signed a cooperative agreement with Shanghai Industrial Qingdao Development Co Ltd to acquire the land use and building ownership rights of the Qingdao Shopping Mall in Laoshan District, Shandong for 1.57 billion renminbi (approximately RM769.83 million).
- Parkson said under the agreement, Shanghai Industrial would undertake the construction of an eight-storey shopping mall with a total planned gross floor area of approximately 216,000 sq metres. "The construction is expected to be completed before July 31, 2015.
- "The shopping mall, with an apportioned site area of 45,714 sq metres and land use right until 2050, is part of a fully integrated commercial development project known as the Beer City Project," it said.
- Parkson said the city, with 7.6 million population, has a retail market size of approximately RM233.3 billion last year and had enjoyed an annual compounded growth rate more than 16 per cent in the past five years. It said the shopping mall would retain the Parkson's competitive edge in the city where it currently operated a department store.
- The acquisition would serve to maximise the sales and profit potential of Parkson's operation in the city and enhance the growth and profitability of the company, it said
http://www.btimes.com.my/Current ... _html#ixzz2FbQ2Fs5P (Dec.2012 - FY2013)
On the company's expansion in China, he said Parkson planned to open five to eight outlets every year in the first, second and third-tier cities in China. “We will also open five to eight stores in South East Asia this year, including in Malaysia, Vietnam, Indonesia and Myanmar.”
http://www.thestar.com.my/story.aspx?file=%2f2013%2f1%2f26%2fbusiness%2f12628513&sec=business (Jan.2013 - FY2013)
钟廷森指出，中国经济衰退让百盛零售集团去年在当地的销售量收窄了4%。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=40338:&Itemid=198 (Jan.2013 - FY2013)
- 大馬研究表示，百盛旗下目前只有1家購物商場－－KL FestivalCity，第二家購物商場已確定在馬六甲，預料2至3年內完成，投資額約4億令吉。
- 該公司目前正繼續找尋投資新商場的機會，但也對收購現成商場持開放態度，大馬研究相信該公司可能於未來把商場業務包裝成產業信託，惟預料需等至商場組合超過5家，盈利收入具備特定規模時才可能進行這項計劃。
http://biz.sinchew.com.my/node/72180?tid=18 (Mar.2013 - FY2013)
百盛（PARKSON，5657，主板貿服組）計劃在今年於東南亞和中國開設15家商場，惟分析員認為該集團擴張東南亞市場的步代可能未如預期。MIDF研究表示，該集團上述兩個商場設在仰光的FMI中心，預期2013年4月或5月開張，位於印尼Bekasi的Metropolitan Grand的廣場則可能在6月啟業。在這之前，百盛宣佈準備在2013年開設15個商場，其中7個位於東南亞市場，另外8個則在中國，截至2013財政年第二季，7個分佈在東南亞市場的商場，開張的是其中兩間，其餘的幾間預料將於2013年杪開張，當然，所有7間商場也或許未能在2013年開張。
http://biz.sinchew.com.my/node/72180?tid=18 (Mar.2013 - FY2013)
無論如何，百盛預定會在現財政年末季於中國四川攀枝花、山西大同及重慶市開設3家新分店，緊接著也會開設另4家分店。該公司在中國的擴展計劃已從以往的每年8至10家分店，減至5家。至於在緬甸開設首家分店的計劃則延遲至5月。
http://biz.sinchew.com.my/node/74287 (May.2013 - FY2013)
- 該公司發文告表示，首9個月期間，中國和越南經濟成長放緩，當地消費情緒疲弱，影響了兩國的零售業務，同店銷售分別萎縮2%和1%。該公司補充，大馬和印尼市場成功維持強勁的表現，同店銷售分別增長6%和5%，加上其他新店的貢獻，零售業務的營業額略為提高3%。
- 該公司指出，KL Festival City的出租率提高，推高了旗下產業與投資控股業務的營業額，單季和9個月份別增至800萬與2千400萬令吉。“這座購物商場自2011年10月開張以來，一直表現良好，第三季略有虧損，主要是受到非營運開銷與辦公室總部開銷的影響，前期截至2012年3月31日止3個月獲利則是因為集團子公司的外匯盈餘。＂
http://biz.sinchew.com.my/node/75668 (May.2013 - FY2013)
肯納格研究說：“營運前景看來充滿挑戰，佔大比重的中國營運市場消費情緒疲弱，除需面臨更大業界競爭，也面臨更高租金與人力成本衝擊。＂
http://biz.sinchew.com.my/node/75737 (May.2013 - FY2013)
传统的百货业态遭遇冲击人们早有耳闻，但这件事如果发生在百盛集团身上可能却更令人印象深刻。马来西亚金狮集团旗下、主要业务围绕中国市场的百盛商业集团，其最新的2013年第一季度财报让人失望，经营利润总额下降了26.5%。百盛的遭遇是目前国内百货业态整体危机的缩影。相比于拥有大面积餐饮、休闲场所的购物中心，纯购物功能的百盛已经很难满足年轻一代消费者的需求。百盛想要做出一些改变，直接挑战那些高端百货似乎并不是最佳解决方案。亲民价格的商品同样有着自己的市场，关键问题是怎样寻找那些能带来更高毛利的经营项目。
http://fin.10jqka.com.cn/20130530/c535121804.shtml (May.2013 - FY2013)
百盛控股2013財政年首九个月营业额按年微升3%至27亿令吉，主要因为同店销售强劲成长，其中大马和印尼分別取得5%和6%涨幅。同时，营运成本按年提升13%至22亿令吉，则抵销了销售成长的贡献，租金及员工开支是导致营运成本增加的主要原因，压低了除利息和税项前之收入（EBIT）赚幅7.3%，至18.2%。另外，相较去年同期24.5%的税率，今年的税率提升至29%，导致百盛控股的核心净利按年下跌29.5%，至2亿1020万令吉，並且低於市场预期。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=58222:&Itemid=198 (June.2013 - FY2013)
大馬研究表示，印尼市場成長仍然出色，比大馬市場提供更大潛能，因百盛品牌在大馬已晉成熟期，截至2014財政年共有30間分店及將開設兩間新分店。印尼業務不僅從印尼中產階級崛起中受惠，同時其雙品牌策略（包含Centro和百盛），將能更容易和快速滲透其它城市。目前百盛專注於進軍爪哇島，其擴張步伐將集中在第一級城市，2014財政年將開設4間新分店。儘管越南經濟放緩，該集團已深具前瞻性地取得良好的租約和地點，以便為越南經濟回升作好準備。雖然百盛在越南僅有8間分店，但卻以優質品牌攫獲約60%市佔率，因該集團最早以現代化商場概念進場而取得先機。該集團透過進軍越南的經驗，打進緬甸和柬埔寨市場，這是其長期策略，百盛緬甸已於5月開張，而柬埔寨分店訂於2014財政年第二季營業。
http://biz.sinchew.com.my/node/79003 (July.2013 - FY2014)
- 百盛控股将继续扩展东南亚业务，并计划增设10间购物中心，其中也包括在中国增设5至6间购物中心。
- 该公司于上海和北京的旗舰店，在翻新装修后，分别将在9月份及第三季重新营业，预计可吸引人潮前往，推高销售。该公司也计划透过开设新购物中心及扩大商场面积，进一步开拓斯里兰卡市场。
- 此外，百盛控股将提升现有品牌组合及翻新购物中心，借此提高楼层面积生产力，以及透过促销活动维持良好的同店销售增长率。
- 该公司放眼大马营业额按年增长幅度介于5%至6%、越南介于5%至7%、印尼介于8至10%，中国则维持单位数低增长率。
http://www.nanyang.com/node/559993?tid=709 (Aug.2013 - FY2014)
- 目前百盛專注於進軍爪哇島，其擴張步伐將集中在第一級城市，2014財政年將開設4間新分店。
- 百盛的盈利成長易受宏觀經濟前景的不利變動影響，尤其是中國同店銷售減速。
http://biz.sinchew.com.my/node/81379 (Aug.2013 - FY2014)
百盛控股（PARKSON，5657，主板贸服股）以总值1亿1709万美元（约3亿8640万令吉）租用及购买柬埔寨金边的零售商场楼层。百盛控股向马交所报备，位于柬埔寨的独资子公司--True Excel投资有限公司，跟PP.SW发展有限公司签订综合发展项目中的零售商场租用及购买协议，来打造百盛购物中心，该协议内容如下：
（1）以4200万美元（约1亿3860万令吉）租用该零售商场底层和首层，为期50年（可自动更新租期50年）。
（2）以7509万美元（约2亿4780万令吉）收购该零售商场第2至7层。
同时，True Excel投资也跟百盛零售亚洲（PRA）独资拥有的百盛柬埔寨（ParksonCambodia）签订租赁协议，把上述零售商场的第1至3层出租给后者。这个位于金边国际机场对面的7层零售商场，预期将在3年内完工。百盛购物中心也预期在2017财年开始营业。
http://www.nanyang.com/node/563933 (Sept.2013 - FY2014)
- The proposed location of the mall – directly opposite the Phnom Penh International Airport – would allow it easy access to surrounding international brand car showrooms and infrastructure facilities, said Affin.
- PHB unit True Excel Investments (Cambodia) Co Ltd has entered into a conditional option agreement as well as a sale and purchase agreement with PPSW Development Co Ltd (PPSW), in which True Excel may lease two floors in the mall for 50 years at an indicative refundable deposit of about RM138.6mil and purchase six floors for an indicative purchase price of RM247.8mil.
- PHB is also to lease to Parkson Cambodia the anchor tenant space at the second and third floors of the mall for a rental rate of US$778,000 (RM2.53mil) per month.
- Affin reported that PPSW’s integrated commercial and property development project, the proposed aeropod project in Sangkat Kakap in Phnom Penh, was expected to be completed in three years. The development includes the proposed Parkson Mall, the proposed PPSW parcel comprising 300 hotel rooms, shop houses and a 12-storey block of serviced apartments and another block of eight-storey apartments.
- According to the International Monetary Fund, Cambodia’s gross domestic product is expected to grow by 6.7% in 2013 and 7.2% in 2014, supported by increasing foreign investment.
http://www.thestar.com.my/Business/Business-News/2013/09/18/Parksons-Cambodia-expansion-seen-boosting-earnings-in-the-long-term.aspx (Sept.2013 - FY2014)
百盛控股将子公司百盛亚洲(Parkson Retail Asia)上市的计划，获得分析员普遍看好，认为百盛亚洲不仅能释放价值，也可从中获得更高估值，上市后市值可能达18亿令吉。
- 百盛控股日前向大马交易所报备指出，计划将子公司百盛亚洲于新加坡交易所主板上市，整个上市计划预料在2011年杪完成。
- 大马投资银行也说，虽然百盛亚洲未说明，将如何使用上市筹资后的资金，但该行相信，所筹集的款项有助于该公司在印尼市场采取更积极的拓展活动。百盛亚洲曾指出，有意在2015年以前，在印尼网络再添20到25家分店。
http://www.nanyang.com.my/node/377795 (Aug.2011 - FY2012)
- Parkson Holdings Bhd has priced its regional retail arm Parkson Retail Asia Pte Ltd (PRA) at an IPO price of S$0.94 (RM2.33) per share. The IPO valued the whole of PRA at S$636.7 million, which is a decent 18.2 times its net profit of S$35 million for FY11 ended June 30. However, the size of the IPO that will comprise the issuance of 80 million new shares is smaller than previously anticipated.
- In a statement to Bursa Malaysia, Parkson Holdings said PRA’s listing on the Singapore Exchange (SGX) will involve an offering of 147 million shares — 80 million new shares to be issued by PRA and 67 million existing shares by the vendors Parkson Holdings and its Indonesian partner PT Mitra Samaya.
- Note that in a circular to shareholders recently, Parkson Holdings had said PRA would issue new shares representing up to 18.9% of the company’s enlarged capital. But now with only 80 million new shares to be issued, as announced yesterday, this works out to only 11.8% of PRA’s enlarged capital of 677.3 million shares. PRA’s shares base before IPO was 597.3 million.
- PRA — 90.1% owned by Parkson Holdings and 9.9% by Mitra before the IPO — is a department store operator with operations in Malaysia, Vietnam and Indonesia.
- According to Parkson Holdings, 136.15 million or 92.6% (100%=147mil)of the PRA IPO shares will be offered by way of an international placement to investors, which includes institutional and other investors in Singapore. The remaining 10.85 million shares, excluding up to 3.5 million shares reserved for the directors, management and employees of the Parkson Asia group, will be offered to the public.
- Parkson Holdings said the IPO is expected to raise total gross proceeds of S$138.2 million. Based on the 80:67 ratio of the new shares and offer for sale shares, S$75.2 million of the total proceeds will go towards PRA for business expansion with the rest going to Parkson Holdings and Mitra. PRA proposes to utilise a total of S$69.2 million in net proceeds to open new stores in Malaysia, Indonesia, Vietnam and Cambodia (S$60 million), information technology investment (S$5 million), and part of maintenance capital expenditure in Malaysia, Vietnam and Indonesia (S$4.2 million). Parkson Holdings, which stand to receive S$56.7 million from the IPO proceeds, has yet to announce how it would utilise the money. The company said it would inform shareholders at a latter date.
- PRA posted a S$35 million net profit in the 12 months through June, up from S$22.4 million a year earlier.
http://www.theedgemalaysia.com/mobile/article.php?id=195308 (Oct.2011 - FY2012)
- Post-listing of PRA, PHB’s stake will be diluted to 67.6% (from 90.1%) assuming the over-allotment option is exercised, prompting us to trim our FY12F earnings by 4.9% and FY13F by 5.3% to account for the earnings leakage to minority interests and incremental interest income from the IPO proceeds of RM185 million.
http://www.theedgemalaysia.com/mobile/article.php?id=195414&pid=1 (Oct.2011 - FY2012)
- Details of the IPO are as follows:
(i) Issuance of 80 million new PRA shares and 67 million existing PRA shares under the offer for sale programme (total: 147 million shares) at a price of S$0.94 per share. The over-allotment option of 22 million shares has also been subscribed/purchased, bringing the total number of offered PRA shares to 169 million;
(ii) Overall, the IPO will raise S$158.9 million (RM391.2 million), while the offer price values PRA at S$636.7 million (based on an enlarged share base of 677.3 million shares). We estimate that Parkson Holdings Bhd’s (PHB) share of the IPO proceeds amount to S$77.5 million.
http://www.theedgemalaysia.com/mobile/article.php?id=195674 (Nov.2011 - FY2012)
- After the listing, parent company Parkson Holdings Bhd — which is controlled by Parkson Retail Asia chairman Cheng Heng Jem — will hold a 70.5% stake in the company.
http://www.theedgemalaysia.com/features/195919-parkson-retail-asia-bullish-on-growth.html (Nov.2011 - FY2012)
国库控股（Khazanah）自2008年金融危机后，首次发售可转换伊斯兰债券；透过发行香港上市公司百盛商业集团（Parkson Retail Group）可转换伊债，筹集3亿5800万美元（约10亿9405万令吉）资金。
国库控股上周发表文告说，该批可转换伊债为期7年，期满后可转换成百盛商业集团股票，发债计划获得市场极大支持，竞购量超过发售量3.4倍，回酬为负0.25%，这反映市场乐观认为，该批债券将超越转换价。
http://www.chinapress.com.my/node/303279 (Mar.2012 - FY2012)
- In a filing with Bursa Malaysia, Parkson Holdings said Victor Crest indirectly owned 95.91% equity interest in Qingdao Parkson, 100% equity in Dalian Parkson and 100% equity in Shenyang Parkson. Parkson Holdings said it would use the proceeds from the disposal for working capital of its existing business and for general investments.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f8%2f28%2fbusiness%2f11923815&sec=business (Aug.2012 - FY2013)
百盛旗下香港子公司百盛零售集團（PRG）以4億2千萬人民幣（約2億1千萬令吉）購買青島、大連與瀋陽百盛股權。PRG是透過Victor Crest公司，以3億4千萬人民幣（1億7千萬令吉）購買青島百盛的95.91%股權，8千萬人民幣（4千萬令吉）購買瀋陽100%股權與1人民幣購買大連東盛股權。
http://biz.sinchew.com.my/node/64444 (Aug.2012 - FY2013)
http://www.thestar.com.my/Business/Business-News/2013/06/06/Lion-buys-shares-in-Parkson-for-RM192mil.aspx (June.2013 - FY2013)
- The company’s borrowings are mainly denominated in foreign currencies as follows: RM1.02 billion which are based in US dollars of US$325 million, RM600.74 million which are based in Chinese renminbi of RMB1.3 billion and RM90.12 million which are based in Hong Kong dollars of HK$226.84 million.
http://www.theedgemalaysia.com/in-the-financial-daily/177195-parksons-1q-net-profit-up-18-to-rm76m.html (Sept.2010 - FY2011)
消息指出，百盛控股（PARKSON，5657，主要板貿易）旗下的百盛商業集團（Parkson Retail Group）正與多家商銀協商，以把去年獲批的融資貸款額從2.5億，調高至4億美元（約7.9億至12.7億令吉）“彭博社”引述兩名知情者報導，該筆融資將于2013年滿期，但百盛商業集團正尋求增額，以增加額外1.5億美元（約4.7億令吉）的貸款。
- 參與融資的銀行包括星展銀行（DBS Bank）、摩根大通（JPMorgan Chase）、馬銀行（Maybank）、法國第2大銀行集團Natixis及渣打銀行（Standard Chartered）。
- 該筆額外的融資利息是倫敦同業拆借利率（LIBOR）加2.15%或215個基點，2000萬美元（約6282萬令吉）以上的融資全包利率（即包含費用），則是2.5%或250個基點。
http://www.chinapress.com.my/node/259628 (Oct.2010 - FY2011)
Dividend Policy
Both Parkson Retail Group and Parkson Retail Asia have a policy of paying as much as 50 percent of net income as dividends to shareholders, Alfred Cheng(鍾榮俊) added.
http://www.btimes.com.my/Current_News/BTIMES/articles/20111206121815/Article/index_html#ixzz1fou842hh (Dec.2011 - FY2012)
Shareholdings
- According to a filing to Bursa Malaysia, the Singapore GIC acquired 55.028 million shares (5.03%) as at Aug 24, Wednesday. The shares of the department store operator were acquired from the open market.
http://sg.news.yahoo.com/singapore-gic-buys-parkson-124720050.html (Aug.2011 - FY2012)
- 新加坡政府投资机构（GIC）继续看好本地企业前景，上周通过公开市场收购百盛控股（Parkson，5657，主板贸服股）约5%股权。
- 根据大马交易所资料，新加坡政府投资机构8月24日收购百盛控股的5500万股，交易价介于5.58令吉至5.71令吉。一年前，新加坡政府投资机构持有百盛控股约1.76%股权，完成上述收购活动后，持股权提高至接近7%，迅即崛起成为百盛控股大股东。
- 资料显示，金狮集团主席丹斯里钟廷森在8月24日卖出57万9940股，自7月杪起已卖出超过1300万股。
http://www.nanyang.com/node/380430?tid=462 (Sept.2011 - FY2012)
GIC had been actively purchasing shares of Parkson Holdings, increasing its interests to 55.72 million shares or 5.09% as of Monday, after emerging as a substantial shareholder with a 5% stake or 55.03 million shares on Aug 24, just eight days after Parkson Holdings announced its intention to list Parkson Asia.
- 新加坡政府投资机构（GIC）继续看好本地企业前景，上周通过公开市场收购百盛控股（Parkson，5657，主板贸服股）约5%股权。
- 根据大马交易所资料，新加坡政府投资机构8月24日收购百盛控股的5500万股，交易价介于5.58令吉至5.71令吉。一年前，新加坡政府投资机构持有百盛控股约1.76%股权，完成上述收购活动后，持股权提高至接近7%，迅即崛起成为百盛控股大股东。
- 资料显示，金狮集团主席丹斯里钟廷森在8月24日卖出57万9940股，自7月杪起已卖出超过1300万股。
http://www.nanyang.com/node/380430?tid=462 (Sept.2011 - FY2012)
GIC had been actively purchasing shares of Parkson Holdings, increasing its interests to 55.72 million shares or 5.09% as of Monday, after emerging as a substantial shareholder with a 5% stake or 55.03 million shares on Aug 24, just eight days after Parkson Holdings announced its intention to list Parkson Asia.
- 僑豐投行分析員指出，假設百盛控股2010財政年第二季（截至去年12月31日）業績表現看俏，估計該集團的良好表現至少維持到2010財政年第三季（截至今年3月31日），這主要是因為今年2月份適逢華人農曆新年，該集團零售銷量預料將因此激增。
http://www.investalks.com/forum/viewthread.php?tid=1254&extra=&highlight=parkson&page=1 (Jan.2010 - FY2010)
- 百盛現有財政年的9個月核心凈利達2億3880萬令吉，激揚14.9%，符合市場預測。百盛在這期間錄得PRG的一次過股票認股開銷。集團核心凈利的走高，歸功於來自同家店面銷售額（SSS）成長的營業額按年增長4.8%，包括新百貨商店的全年貢獻及概括在9個月期間開設的新商店；以及營運盈利賺幅的改善，因廣告與促銷活動在營運環境及消費情緒回溫下而減低。
- 首9個月的營業額按年上揚5%，主要因銷售總額的回漲，惟凈利按年微跌5%，至2億2900萬令吉，主要因營運盈利賺幅下滑2.2%，若不包括3300萬令吉的特別項目，其9個月凈利則按年增長10%。
今年第3季度同家店面銷售額揚10.8%，中國、大馬和越南的漲幅分別為超過7%及20至25%，符合2010年的10%及2010財政年的20至25%目標。http://biz.sinchew.com.my/node/35508 (June.2010 - FY2010)
- 百盛全年淨利按年增長7.8%至2億8440萬令吉，營業額揚5.5%至27億令吉。淨利稍微放緩主要是員工認股權（ESOS）支出及匯率虧損。
http://biz.sinchew.com.my/node/38074 (Aug.2010 - FY2010)
- Parkson reported a 1QFY11 revenue of RM656.5 million (+2.3% y-o-y) and net profit of RM76.2 million (+17.7% y-o-y). If not for the stronger RM against RMB and VND, net profit would have surged 28.4% y-o-y.
- OSK Research said on Tuesday, Nov 16 the robust numbers were attributed to the impressive same store sales growth in all the countries under its umbrella, as well as new openings. Despite the higher expenses incurred for new openings, commission rates, direct sales and EBITDA margins were flat y-o-y.
http://www.theedgemalaysia.com/business-news/177167-osk-research-maintains-buy-on-parkson-tp-rm664.html (Nov.2010 - FY2011)
- Parkson Holdings Bhd’s net profit for 1QFY11 ended Sept 30, 2010 rose by nearly 18% to RM76.2 million from RM64.7 million in the same period a year ago due to the festive shopping during Hari Raya. The retail group’s revenues, however, rose barely 2.3% to RM656.5 million from RM641.9 million in the same quarter of FY09.
- Compared with the previous quarter, its revenues were higher at RM656 million from RM620.37 million with profit before taxation also increasing by 12% to RM168 million from RM150.13.
- In an announcement to Bursa Malaysia, the company attributed its higher performance to same-store sales growth and higher spending during the Hari Raya festival in September. Parkson said it achieved healthy same-store sales growth of 9% in Malaysia, 11% in China and 20% in Vietnam, and better operating efficiencies in the three countries in which it operates in.
- Despite better performance, the significant weakening of the Chinese renminbi and Vietnamese dong against the ringgit resulted in lower revenues and profits being consolidated into its accounts.
http://www.theedgemalaysia.com/in-the-financial-daily/177195-parksons-1q-net-profit-up-18-to-rm76m.html (Sept.2010 - FY2011)
- Parkson’s 1QFY2011 revenue and net profit increased by 2.3% to RM656.5 million and 17.7% to RM76.2million year-on-year (y-o-y) respectively, attributed to a 6% growth in commissions from concessionaires to RM371 million. Direct sales dipped 1.9% y-o-y to RM255.3 million, in line with the group’s strategy to shift from direct to concessionaire sales.
http://www.theedgemalaysia.com/in-the-financial-daily/177272-parkson-still-chalking-up-profit.html (Nov.2010 - FY2011)
- For the six months ended Dec 31, Parkson said gross sales proceeds rose 7.9% to RM4.554 billion from a year ago backed by improved same store sales growth in all three countries (Malaysia 10%, China 11% & Vietnam 23%).
- “Operating profit increased by 9.0% to RM410.8 million and net profit attributable to the Group improved by 17.2% to RM170.0 million. Basic earnings per share were RM0.16, which grew by 11.9% over the same period of last year.
http://www.theedgemalaysia.com/mobile/article.php?id=182081 (Feb.2011 - FY2011)
- Revenue and net profit in 1HFY11 rose 4.6% to RM1412.9 million and 17.2% to RM170 million year-on-year (y-o-y) respectively, attributed to the stronger growth in commissions from concessionaires of 7% to RM792.5 million while direct sales grew 2.5% y-o-y to RM558.0 million.
- Apart from new openings, the stronger results were attributed to the impressive same-store sales (SSS) growth in China (+11.4%), Malaysia (+10%) and Vietnam (+23%), which were at least in line with management’s same store SSS growth guidance of 11% to 12% for China, 5% to 6% for Malaysia and 15% to 20% for Vietnam. If not for the stronger ringgit, net profit would have surged by 25.4% to RM181.9 million.
- Despite the lower merchandise margin for its new stores in China and higher operating cost, earnings before interest, tax, depreciation and amortisation (Ebitda) margin improved one percentage point to 33.8% on higher other operating income and a better overall merchandise gross margin of 19.7% against 19.5% in 1HFY10. Commission rate was flat at 20.1% against 20.5% in 1HFY10 while direct sales margins expanded slightly to 16.2% from 15.9%.
http://klse.i3investor.com/servlets/ptres/3232.jsp (Feb.2011 - FY2011)
- 百盛控股截至2011年6月30日为止的第四季净利从上财年同期的5663万9000令吉，上扬25%至7079万9000令吉。
- 百盛控股全年的营业额和净利分别增长7.46%和21.34%至29亿2543万令吉和3亿4596万1000令吉，上财年同期分别为27亿2225万6000令吉和2亿8512万8000令吉。
- 百盛控股在大马、中国和越南三大市场的百货商店销售分别增长10%、12%和21%。
- 不过，令吉兑人民币和越南盾的强势升值，导致其国外营运业务业绩整合进集团业绩内后，营收表现较低。
http://www.nanyang.com/node/378196?tid=462 (Aug.2011 - FY2012)
- Parkson’s (PHB) 1HFY12 revenue and net profit stood at RM1.7bn and RM196m respectively, up 20.5% and 15.3% y-o-y bolstered by the opening of new stores and improving operating efficiency.
- The stronger results were underpinned by a 19.4% y-o-y surge in commissions from concessionaires and 19.6% y- o-y growth in direct sales.
- China (+10%), Malaysia (+12%), Vietnam (+16.2%) and Indonesia (+9%) all saw decent SSS growth y-o-y, trending on track with management’s SSS guidance (China: mid-to-high single digit, Malaysia: 8-10%, Vietnam: 15-20%, and Indonesia: 8-10%).
- Vis-à-vis 1QFY12, revenue and net profit expanded by 15.1% and 17.1% due to stronger consumer spending during the festive and holiday season. Note that during this quarter, the property and investment holding division contributed revenue of RM5.2m from managing its first local self-owned retail mall at KL Festival City, which commenced business in Oct 2011.
- Merchandise gross margin was a tick lower by 10bps, down from 19.7% to 19.6% y-o-y while EBITDA margin shrank 3% y-o-y to 30.8%, no thanks to lower other operating income.Other operating income in 1HFY11 incorporate an exceptional gain of RM30.5m from the group’s USD125m 7.125% High Yield Notes and a gross gain on disposal of its Yangzhou store.
(OSK research Feb.2012 - FY2012)
- Parkson’s 9MFY12 results were below consensus and in line with our estimates. Revenue and net profit jumped 18.4% and 8.4% y-o-y to RM2621.0m and RM298.4m respectively, mainly attributed to stronger revenue from the retailing as well as property/investment holding divisions.
- The better performance was mainly contributed by higher revenue from the retailing division (+18% y-o-y) owing to decent same-store-sales growth (SSS) across the regions, the inclusion of the Indonesian operation which the group acquired in June 2011, and the robust sales performance of its new stores. SSS in China (+7%), Malaysia (+9.5%), Vietnam (+11.8%) and Indonesia (+9.8%) continued to be impressive and on track to meet management’s SSS guidance.
- The property and investment holding division generated RM12.5m of revenue from the management of its first local self-owned retail mall at KL Festival City. The mall has made good progress as the number of tenants has been increasing since it commenced business in Oct 2011.
- Merchandise gross margin improved slightly from 19.3% to 19.4% y- o-y but EBITDA margin was lower at 30.8% as higher staff costs and operating expenses took bite.
(OSK Research May.2012)
- 受營運成本上揚影響，百盛（PARKSON，5657，主板貿服組）截至2012年3月31日止第三季淨利按年微跌2.67%至1億零236萬令吉，不過9個月淨利上揚至2億9千837萬2千令吉，較前期2億7千516萬2千令吉增加8.44%。不過，受業務國銷售表現全數上揚帶動，第三季營業額按年成長14.59%至9億1千820萬6千令吉，9個月營業額則增加至26億2千101萬9千令吉，較去年同期22億1千419萬令吉成長18.37%。
http://biz.sinchew.com.my/node/60639 (May.2012 - FY2012)
- 該公司公佈截至今年6月30日全年業績，稅前盈利增加9.6%至8億8236萬令吉，主要因為營運效率不斷改進。
- “本集團在該財年期間增設13間百貨商店（8間在中國、2間在馬來西亞、1間在越南及2間在印尼），進一步在各個零售市場擴展網絡。”截至6月30日，百盛控股共經營及管理108家百貨商店，其中54間在中國，38間在馬來西亞，8間在越南及8間在印尼。
http://www.chinapress.com.my/node/348321 (Aug.2012 - FY2012)
“With the continued same-store sales growth in all our retail operations in Malaysia (9%), China (6%) and Vietnam (9%) and the inclusion of our Indonesia operation, which was acquired in June 2011, the retailing division closed the financial year with higher revenue of RM3.43bil and flat operating profit of RM825mil,” it said.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f8%2f28%2fbusiness%2f11923815&sec=business (Aug.2012 - FY2012)
- The group’s FY12 results were within consensus and our estimates, with turnover and earnings expanding by 17.9% and 8% y-o-y respectively to RM3,447.5m and RM376.1m. The better performance was bolstered by stronger showing from the retailing and property businesses.
- Meanwhile, the retailing division recorded stellar revenue growth of 17.2% y-o-y due to decent same-store-sales (SSS) growth in its regional stores in China (+6%), Malaysia (+9.2%), Vietnam (+9%) and Indonesia (+9.3%).
- The property and investment holding division registered RM20.2m in revenue from the KL Festival City, the Group's first local self-owned and managed retail mall, since its opening in October 2011.
- Management is guiding for SSS growth in Malaysia to come in at 7%-9%, Vietnam 6%-8% and Indonesia 9%-10% in FY13. Its SSS target for China is lower, in the low- to mid-single digit.
- Merchandise gross margin remained flat at 19.5% y-o-y. Against the backdrop of a 22.9% y-o-y surge in operating expenses from RM2,404.1m to RM2,955.7m, EBIT margin trended lower to 28.1% from 33.2% FY11.
(OSK Research Aug.2012 - FY2012)
- Parkson Holdings rang up RM376.08mil in net profit for its financial year ended June 30, 2012, a solid 7% growth in bottom line compared with the previous financial year. Revenue rose to RM3.44bil from RM2.92bil previously.
- The earnings of Parkson Retail Group which manages its China operations fell 17% year-on-year to RM136mil due to weak same-store sales growth in the fourth quarter. Meanwhile, its Asean operations under Parkson Retail Asia is still buzzing with activity, with Malaysia recording same-store sales growth of 9.2% year-on-year, Vietnam 9% and Indonesia 9.3%.
http://www.thestar.com.my/story.aspx?file=%2f2012%2f9%2f22%2fbusiness%2f12060832&sec=business (Sept.2012 - FY2013)
- 新加坡上市公司百盛零售亞洲受越南緊縮貨幣政策影響，2013年首季核心淨利跌16%至1120萬新元（約2802令吉），但營業額仍在印尼、大馬兩國業務支持下走揚，增長7.4%至1億1390萬新元（約2.8億令吉）。印尼百貨商店銷量（SSS）按年增長8.9%，大馬銷量也告增5.7%。
- 艾芬投資銀行指出，百盛控股擁百盛零售亞洲67.6%股權，后者收入貢獻目前僅占百盛控股的12%，更大貢獻則來自百盛控股集團。
http://www.chinapress.com.my/node/369251 (Nov.2012 - FY2013)
- 百盛控股持有51.5%的子公司--香港百盛零售，其2012財政年第三季业绩逊于预期，净利按年下跌42.3%至1亿4860万人民幣，首九个月净利下滑20.2%，至6亿7240万人民幣. 这项消息导致百盛控股周一以5.02令吉开市后走跌，全日一共下跌24仙或4.762%，以4.80令吉闭市，成交量达72万1100股，成为第7大下跌股项。
- 百盛零售的业绩表现低于市场预测，主要因素包括同店销售（SSS）表现逊色、商品货物赚幅下滑，以及营运开销按年增加18.9%，开销的增涨高于按年攀升5%的营运营业额成长。
- 百盛零售(PRG)第三季的同店销售下滑1%，相较上半年的2.9%成长，这是基于非必需品消费低迷以及中国竞爭的营运环境所致。今年首九个月，百盛零售(PRG)同店销售疲弱，只取得1.7%成长，显著低于管理层为2012年设下中高单位数成长的目標。儘管百盛零售第三季和首九个月的总销售额，分別按年提升3.5%至39亿人民幣，以及按年成长6.4%至127亿人民幣，其中特许专柜销售作出90.3%的贡献，但毛赚幅却分別下滑至18.5%和18.3%。导致赚幅降低的因素，包括9家新店的赚幅在2011年上半年开始减少，以及上海和北京旗舰店销售低迷。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=31888:&Itemid=198 (Nov.2012 - FY2013)
- 興業研究表示，中國業務因消費者開銷轉弱、競爭、營運成本遽增和銷售利潤減少，導致今年首季營運盈利貢獻僅69.6%，去年同期為81.5%。東南亞業績則漲跌互見，大馬及印尼業務表現理想，越南卻因經濟放緩而下跌。
http://biz.sinchew.com.my/node/68026 (Dec.2012 - FY2013)
- PHB's 67.6%-owned unit Parkson Retail Asia (PRA) reported its 1HFY06/13 financial results. Gross sales proceeds (GSP) and revenue grew by 5.3% and 4.6% on-year to S$579.9mil and S$234mil respectively, driven by the healthy same store sales (SSS) growth in Malaysia (up 4.2% on-year) and Indonesia (up6.7% on-year). Affin Research said the resilient domestic consumer spending in these countries has helped to lift commission from concessionaire sales (up 5.5% on-year) and direct sales (up 5.1%).
- Notwithstanding the healthy topline growth, PRA's 1HFY06/13 PBT and core net profit fell by -8.5% and -14.8% on-year to S$35.3mil and S$24.8mil respectively.
- Affin Research said the earnings were dragged down by the frail operations in Vietnam (PRA's Vietnam operations registered on-year SSS contraction of 7.4% with PBT plunging by 52.5% on-year to S$2.1mil) and the high start-up cost from the set-up of its e-commerce business and new stores. “We understand that the frail economic conditions in Vietnam (high inflation, tight monetary policies and hence, slower consumer spending) will continue to haunt the company,” said the research house. “PRA's earnings contributions are relatively small, accounting for 12% of PHB's EBIT hence, downside risk to our forecast on PHB will depend largely on PRG's performance. "
http://www.thestar.com.my/Business/Business-News/2013/02/08/Affin-Research-maintains-Reduce-on-Parkson-Holdings-TP-RM413.aspx (Feb.2013 - FY2013)
百盛控股（Parkson，5657，主板贸服股）截至2013财年次季净利按年跌29.8%至7424万7000令吉，营业额则微涨2.1%报9亿3040万6000令吉。累计两季，百盛控股净利按年跌32%至1亿3328万6000令吉；营业额则涨3.8%报17亿6734万5000令吉。
http://www.nanyang.com/node/513828?tid=485See (Feb.2013 - FY2013)
截至2012年12月31日首半年(FY2013)，百盛淨利明顯低於市場預期，只達預期的32%至38%預期。受中國業務拖累，儘管營業額按年增長3.8%至17億7千萬令吉，營運盈利卻按年跌28.4%至3億1千140萬令吉，賺益亦跌7.9百分點至17.6%
www.sinchew-i.com/sciBiz/node/71180 (Feb.2013 - FY2013)
- Parkson Holdings Bhd's 3Q13 earnings fell 24% to RM76.92mil in the third quarter ended March 31, 2013 from RM102.36mil a year ago due to weak operations in China and Vietnam. Announcing its results on Monday, the department store operator said the China and Vietnam operation posted negative same store sales growth (SSSG) of -2% and -1% respectively.
- Revenue however increased 1.5% to RM932.8mil from RM918.2mil a year ago. For the nine months ended March 31, 2013, its earnings fell 29.5% to RM210.20mil from RM298.37mil in the previous corresponding period. Revenue increased by 3% to RM2.70bil from RM2.62bil a year ago.
- As for the property and investment holdings, it said the marginal loss for the current quarter was mainly due to non-operational and head office corporate tax expenses. The profit for last year was from its forex gains and sales from the Lunar New Year festival.
- However Parkson said its Malaysia and Indonesia operations managed to sustain strong performance with SSSG of 6% and 5% respectively.
- "Operating profit has however significantly lower compared to that recorded a year ago as the operating environment for the retail industry in China continue to remain soft due to weak demand and higher marketing promotional costs incurred," it said.
http://www.thestar.com.my/Business/Business-News/2013/05/27/Weaker-China-Indonesian-ops-weigh-on-Parkson-earnings.aspx (May.2013 - FY2013)
- Parkson Holdings Bhd's earnings fell 36.7% to RM240.36mil in the financial year ended June 30, 2013 (FY13) from the RM380.07mil in the previous financial year due to the weaker performance in China.
- Parkson said in the fourth quarter, earnings fell 63% to RM30mil from RM81.7mil, Revenues was RM801.48mil compared with RM799.55mil a year ago.
- It reported that profit from its China operations fell to RM80.65mil from RM143.04mil a year ago.
http://www.thestar.com.my/Business/Business-News/2013/08/27/Parkson-full-year-earnings.aspx (Aug.2013 - FY2013)
- PARKSON HOLDINGS BHD’s net profit for fourth quarter to June 30 fell 63% year-on-year to RM30.16 million. Revenue for the quarter rose slightly to RM801.48 million, from RM799.56 million.
- For the full year, total profit stood at RM240.37 million on total revenue of RM3.501 billion. In the previous financial year, net profit totalled RM380.08 million on revenue of RM3.420 billion.
http://www.theedgemalaysia.com/business-news/251872-update-parkson-4q-net-profit-falls-63-yoy.html (Aug.2013 - FY2013)
“Same-store sales growth (SSSG) of both Parkson China and Parkson Vietnam were minus 1%. Our retail operations in Malaysia and Indonesia, on the other hand, managed to sustain their positive SSSG of 5% and 6% respectively,” it said.
- “The encouraging occupancy rate achieved by our KL Festival City shopping mall has enabled the property and investment holding division to report a full-year revenue of RM33mil compared with RM21mil for its eight months of operations in the previous financial year,” it added. Separately, Parkson’s parent group Lion Corp Bhd posted a net profit of RM9.91mil in the fourth quarter of financial year 2013 compared with a net loss of RM235.27mil a year ago.
http://www.thestar.com.my/Business/Business-News/2013/08/28/Parkson-earnings-down-63-in-Q4.aspx (Aug.2013 - FY2013)
Bear case
- Foreign exchange since earnings are captured in local currencies (China RMB, Vietnam Dong, Indonesia Rupiah)
- Overly dependable on concessionaries
- Competitive pressures from major department store operator like Isetan, Takashimaya
- Lion Group (Parent company)
The proposed listing of Parkson Asia came at a time where parent Lion Group is in need of funds to resume the construction of its RM3.2 billion blast furnace project, which is critical to make its steel operation competitive in light of the infiltration of cheap imports.
“The question is whether part of the proceeds from Parkson Asia’s IPO would be channelled to the Lion Group’s steel project. But having said that, GIC’s interest in Parkson Holdings signals a potential value inherent in the exercise to take Parkson Asia public,” says a market observer.
“The question is whether part of the proceeds from Parkson Asia’s IPO would be channelled to the Lion Group’s steel project. But having said that, GIC’s interest in Parkson Holdings signals a potential value inherent in the exercise to take Parkson Asia public,” says a market observer.
- Crowded store-based retailing marketplace, primarily the non-grocery sector. You can’t simply just price the goods cheaply through bulk volume or import foreign brands, have year-end sales and hope for revenue to jump two to three fold.
http://ktwealth.blogspot.com/2013/01/parkson-retail-asia.html
該行強調，市場上的商場數量不斷增加，加上與同儕相比，分店組合陳舊，也削弱該公司的競爭優勢。
http://biz.sinchew.com.my/node/74287 (May.2013 - FY2013)該行強調，市場上的商場數量不斷增加，加上與同儕相比，分店組合陳舊，也削弱該公司的競爭優勢。
Bull case
- Southeast Asia middle class professionals will continue to grow as wages rises. First mover advantage and experiences in penetrating across emerging markets of Asia as Parkson built a track record in Vietnam and China over the years
- Methodology of how revenue is earned - The Group enters into concessionaire agreements with certain suppliers (known as concessionaires) who display and sell their products in designated areas of the stores. After collecting the payment from the customers, Parkson draws out 15-30% commission (excluding groceries and perishable products) from the total sales of the concessionaires and remit the rest to them
- Asset light business model – the concessionaires bear the inventory costs, fit-outs, selling and shrinkage charges, repair and maintenance as ownership belongs to them. What Parkson provides is the general lightning, space(rental), and customer service training(staff cost)
- Management is optimistic yet not overly aggressive in entering new frontier markets like Sri Lanka, Indonesia and Myanmar. Their acquisitions and partnerships enable Parkson enter untapped markets in the region quickly with lesser risk, thus managing their debt and preserving effective cash reserve for attractive opportunities. For example, the first store opened in Myanmar is relatively small (one-third the size of a typical Parkson store, which spans 100,000 to 150,000 sq ft) and is a good platform to test the market, build up a talent pool, launch advertising and promotional campaign and assess local consumer trends and behaviour before developing further plans. If Parkson proceeds ahead to open a larger outlet, their CAPEX will increase alongside with new stores and refurbishments
Blogger
http://ktwealth.blogspot.com/2013/01/parkson-retail-asia.html
