Its stores offer products under various categories, such as fashion and apparel. Phb is an investment holding company with stakes in parkson retail asia pra and parkson retail group limited pgrl, listed on the singapore stock exchange and hong kong stock exchange respectively. Parkson to shift its focus to lowertier cities business. He also served as executive chairman of parkson retail asia limited and parkson retail group limited. Pra which was listed on 3 november 2011, operates a total of 61 department stores in malaysia, vietnam and indonesia. Annual report 2017 corporate profile established in 1987 and listed on the mainboard of the singapore exchange securities trading limited the sgxst on 3 november 2011, parkson retail asia limited parkson or the company, and together with its subsidiaries, the group is a leading and. Parkson retail asia limited is a singaporebased investment holding company. Among the indicators compiled by the national development.
Secondquarter pain for parkson holdings inside retail asia. Annual report for financial year ended, 30 jun 2015. He is a nonexecutive and the lead independent director. Inside retail asia despite slight revenue growth, parkson holdings retailing division ended its second quarter with a loss. In this report, we explore the drivers of growth in vietnams retail sector, and take a look at. It has been a challenging year with continued industry headwinds in the. Parkson retail asia sales continue to fall, but the company is optimistic about reducing its losses this year. Indeed, the rise of ecommerce and digital retail channels in vietnam is one of the top trends to watch. Retail in vietnam navigating the digital retail landscape. Interim financial report for the fourth quarter ended 30 june 2015 the interim financial statements are unaudited and have been prepared in accordance with malaysian financial reporting standard mfrs 4 interim financial reporting and paragraph 9. Oil prices drove down inflation in 2015 phnom penh post.
Revenues reflect a decrease in demand for the companys products and services due to. In fy2015, we are also planning to open stores in the. He is subject to annual reappointment as director pursuant to section. Mainly due to the domestic economy doing better than expected in the first half of.
Profile of key senior management corporate governance overview statement statement on risk management and internal control audit committee report. Annual report 2012 a world of infinite possibilities. Revenues reflect a decrease in demand for the companys products and services due to unfavorable market conditions. Were definitely into long term investing, but some companies are simply bad investments over any time frame. Its stores offer merchandise, including fashion apparel and household goods. Yonghui superstores the vanguard of chinas grocery market. Its most problematic market continues to be vietnam where sales in the third quarter were down 9.
I am pleased to present the annual report of parkson retail asia limited. Parkson retail asia limited, an investment holding company, operates and manages department stores in malaysia, vietnam, indonesia, and myanmar. This study has done in order to examine the full performance of parkson holdings berhad phb. As of december 2015, yonghui has 12 distribution centers in china in fujian, chongqing, anhui, sichuan, beijing, henan, hebei, dongguan, hangzhou, shenyang, jiangsu and shanghai to ensure the freshness of its products. Annual results announcement for the year ended 31 december 2019. Ng tiak soon lead independent director mr ng tiak soon was appointed as the companys lead independent director on 9 june 2011. Listing manual which requires the target company to. Parkson retail asia limited, an investment holding company, operates department stores and apparel outlets primarily in malaysia, vietnam, indonesia, and myanmar. Briefparkson retail asia expects to report fy net loss of. Wellentrenched in asia, parkson is wellpoised to harness the potential of the regions strong retail growth.
Get the latest adobe acrobat reader and asian font packs to view the pdf. O9e income statement may 27th 18 we can further assess parkson retail asias loss by looking at what the industry has been experiencing over the past few years. In 2015, poh kong won the gold award in the prestigious putra. Photo asia news photo retailer looks to lowertier cities and multipurpose destinations. The high growth period for luxury retailers in asia pacific, mainly driven by greater china, is gradually coming to an end as weaker retail sales, surging operational costs and oversaturation prompt retailers to consolidate their existing store networks and slow their rate of entry into new markets. Parkson retail asia limited, a company incorporated in. As a traditional retailer, parkson retail group recorded an 8percent drop in samestore sales in 2015. The company changed its name to parkson retail asia limited on 10 october 2011 in connection with its conversion to a public limited company. Latest ar upcoming ar upcoming aaa parksons annual result like comment be the first to like this. Each year, for the past half a decade parkson retail asias revenue growth has been relatively soft, with an annual growth rate of 0. All rights reserved by the lion group lion group management services sdn bhd reg no. Through the companys subsidiaries, jointly controlled entities and. The company offers its products under various categories, including fashion and apparel.
Parkson and eland recently launched a jointly owned store brand, parkson newcore, retailers are eager to balance online and offline strategies with a slower pace of openings. The company is also involved in the operation of bakeries. Were definitely into long term investing, but some companies are. A manual containing the groups policies and procedures relating to its business, corporate. Despite consumers cautious approach to retail spending, new mall openings continue unabated. The contact person for the sponsor is mr joseph au, associate director, continuing sponsorship mailing address. Parkson retail asia sales continue to fall inside retail asia.
Parkson retail asia parkson retail asia limited parkson or the company is a southeast asiabased department store operator with an extensive network of 56 stores including one supermarket as at 30 june 20, spanning approximately 564,105 sqm of retail space across cities in malaysia, vietnam, indonesia, and myanmar. Parkson retail asia limited, an investment holding company, operates department stores primarily in malaysia, vietnam, indonesia, and myanmar. We bring you the asian business, politics and economy stories others miss. About parkson retail asia ltd parkson retail asia ltd. The company revealed in its 2016 annual report that it plans to build more facilities for coldchain logistics in the coming years. For the first half, its interim financial report shows there was 3 per cent growth in revenue to rm1. Dow jones, a news corp company news corp is a network of leading companies in the worlds of diversified media, news. Executive summary in july 2014, the taiwan business indicators showed that the domestic economy continued its steady growth. The company offers a range of merchandise from fashion apparel to household goods. Savills china retail cities study, which began in 2014, uses 16 series to determine leaders in. To request a copy of the bahasa malaysia annual report. Parkson retail asia nonrated note important information this publication is prepared by phillip securities research pte ltd.
O9e analyst reports no relevant analyst reports found. This publication this document was published in march 2017. The group is a southeast asia based department store operator with stores including a supermarket across malaysia, vietnam and indonesia under the brands parkson and centro for department stores and. Retail sales as percentage of gdp, 1996 2016 table 1. Photoasia news photo retailer looks to lowertier cities and multipurpose destinations. A manual containing the groups policies and procedures relating to its business. The companys segments include malaysia, vietnam, indonesia, myanmar and cambodia.
The group is a southeast asiabased department store operator with stores including a supermarket across malaysia, vietnam and indonesia under the brands parkson and centro for department stores and. Dividend the board is pleased to propose a first and final dividend of 0. The company operates as a department store retailer. Parkson annual report 2007 1 parkson retail group limited the company is one of the first few foreignowned department store chain operators to establish a presence in the peoples republic of china the prc market in the early 1990s. Store number data is from the first half of 2016 unless otherwise specified. Fy2015 to assist the remuneration committee in putting up a framework on. Nevertheless, parkson remains positive on the retail market in vietnam, as evidenced by the opening of a new store in danang on 11 january 2015. Restated 2011 restated 2012 restated 20 restated 2014 2015 pro forma 20153 sgd000 sgd000 sgd000 sgd. Store increase in the key 20 cities by selected active brands, 1h2016 vs. Parkson retail asia limited, listed on the catalist and the. He was appointed the lead independent director on august 20. Aug 15, 2017 aug 15 reuters parkson retail asia limited. I am pleased to present the annual report of parkson retail asia limited for the financial year ended 30 june 2016 fy2016.
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