Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Parkson Holdings Berhad operates as an investment holding company, primarily overseeing and managing department stores under its well-known Parkson and Centro brands. Its business activities are structured into two main divisions: Retailing and Others. Across its stores, the company offers a broad array of fashion and lifestyle merchandise, encompassing apparel, cosmetics, accessories, household items, electrical appliances, and groceries, all aimed at a modern, youthful consumer base. Beyond its core department store operations, Parkson also engages in the retail of trendy goods, manages supermarkets and food and beverage outlets, and runs a consumer financing business. The company maintains a retail footprint across Malaysia, the People's Republic of China, and Vietnam. Additionally, Parkson provides a range of other services, including property development and project management, wholesale and retail trading, general consultancy, and real estate consulting and management. Through its Parkson Credit brand, it extends hire purchase, credit sales financing, money lending, and various credit services. The company also deals in diverse gift products. Established in 1982, Parkson Holdings Berhad is headquartered in Kuala Lumpur, Malaysia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is neutral on EV/EBITDA, underpriced on P/