July 15, 2009
Parkson set to hit FY09 earnings forecast
OSK Research says Parkson Holdings is on course to meet the FY09 earnings forecast of RM249.9 million, despite the 3-5 per cent contraction projected for Malaysian retail sales growth. Improving retail sales and consumer sentiment in China should continue to drive retail sales going forward, said OSK in a research note. The recent data out of China and Vietnam suggest that retail sales remained robust in the first five months of this year, growing 15 per cent and 22.5 per cent year-on-year respectively. OSK has a "buy" on Parkson, with a target price of RM5.50.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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