JOHOR BARU: The largest mall in Malaysia's Johor state opened its doors on Tuesday (Nov 28).
Located along the Skudai Highway, Paradigm Mall JB spans more than 2 million sq ft and is just a 20-minute ride from the Woodlands Causeway.
(Source: Paradigm Mall JB)
The mall is bigger than Singapore's largest shopping centre VivoCity, which has a gross floor area of 1.5 million sq ft.
Paradigm Mall JB will feature the largest movie theatre in the state operated by Golden Screen Cinemas, premium supermarket Village Grocer as well as department store operator Parkson.
Parkson will be the mall's anchor tenant, taking up 200,000 sq ft of space. The outlet is Parkson's first regional store in the southern part of Peninsular Malaysia.
For adrenaline junkies, the mall showcases a 20,000 sq ft ice skating rink, a Camp5 indoor climbing gym and Malaysia's first indoor skate park.
With more than 500 retail lots spread over six floors, some well-known names among the tenants include H&M, Uniqlo, Harvey Norman, Wendy's, Marrybrown and Under Armour.
Apart from the retail and mall space, the complex also features a 24-storey serviced apartments tower and a 296-room four-star hotel.
Paradigm Mall, which has another shopping complex in Petaling Jaya near Kuala Lumpur, is owned and developed by WCT Holdings.
Read more at http://www.channelnewsasia.com/news/lifestyle/johor-s-largest-shopping-centre-paradigm-malljb-opens-9446578
The last report on Nov indicated that Parkson retail has S$12m losses, majorly due to an increment of operational cost and gestation of new stores.
As a result, the shares have tanked from 0.125 to a low of 0.063.
Recent buying volume below 0.075
Note the stated reason is for the lack of revenue. It states that it is due to the absence of festival holidays of Hari Raya/LeBaran.
However, this also means that it will be starting in June 2018.
Eid al-Fitr 2018 will begin on the evening of
Thursday,
14 June
and ends on the evening of
Friday,
15 June
This means that there will be likely no negative results that will be released from now until June.
Next, Tan Sri Cheng Heng Jem holds, directly and indirectly, 53.52% of the voting shares in PHB, which is the sole shareholder of East Crest International Limited. East Crest International, in turn, owns almost 70% of Parkson. There is no insider selling, and I assume the Parent would want money to flow back upwards, hence I believe the "will" to distribute dividends will be there.
They are paying themselves peanuts. I like in terms of presence in popular malls, parkson has done a good job too. Look at the three links
In either survey, Parkson is the anchor tenant in 4- 5 of the most popular malls.
Also, if u take a look at Aeon, a competitor in the department store space. U compare Apple to Apple, by taking only Aeon Retailing Segment and Parkson Malaysia Segment, Parkson again fare better.
Now looking at the charts, there are some buying volume from any prices below 0.070.
I strongly believe that it will retest the 0.100 price level first, and then 0.125 if there is strong volume.
This is backed by the latest EPS (Earnings Per Share) as well as NAV (Net Asset Value) of the shares.
In other words, given the current price 0.074, we are looking at an upside of 35% if it hits 0.100. Worth a try to do some bottom fishing here!
Good luck!
Summary: Entry: below 0.075 First Take Profits: 0.090 to 0.100 Second Take Profit: 0.115 to 0.121 Cut Loss: 0.065
