Parkson
| ACC 6201 – Individual Assignment | | Ting, Tai Siong (Student ID: I 12000998) |
Course Intake : May 2012 / MBA
Lecturer Name : Mr. Madhavan Kpoduval
Table of Contents
1) Executive Summary 2
2) Financial Analysis 4 A) Financial Ratio Limitation 5 B) PARKSON Financial Ratio Analysis 6 C) COMPETITOR Financial Ratio Analysis 12
3) Why invest in Parkson? 16
4) Conclusion 23
5) References 25
6) Appendix 28 A) Financial Ratio Analysis Summary 28 B) Financial Ration Computation 28
1) Executive Summary
Parkson Holdings Berhad (Parkson), a board line retailer is based in Kuala Lumpur, Malaysia, a subsidiary of the Lions Group based in Malaysia. The company was formerly known as Amalgamated Containers Berhad and changed its name to Parkson Holdings Berhad in September 2007.
Parkson Holdings Berhad 's after-tax profit for the Financial years ended June 30, 2011 increase 12 per cent to RM606,622,000 from RM533,598,000 in year 2010. However, its revenue increased 7 per cent to RM2,925,082,000 from RM2,722,256,000. Financial years ended 2011 ranked 3rd as compare to Financial year ended 2009 which ranked 1st in its 5 years financial performance from 2007 – 2011.
Parkson’s Retail operation in Malaysia posted a favorable set of results with gross sales proceeds rising 9 per cent to RM 766 million over the same period in 2010.
The Chairman highly alerted on global economy was abruptly affected by the US credit rating downgrade and the debt burden in Europe. As such, Chairman see strong domestic demand in Malaysia is the key to continue to deliver strong revenue and earnings to improve financial performance year ended 30 June 2012.
Besides, it also continued to source for good locations in anticipation of new stores opening, having opened to further strengthen the group 's network and operations in the respective retail markets. News sources indicate there is a plan to open another 18 stores in Malaysia by 2020. Existing 37
Course Intake : May 2012 / MBA
Lecturer Name : Mr. Madhavan Kpoduval
Table of Contents
1) Executive Summary 2
2) Financial Analysis 4 A) Financial Ratio Limitation 5 B) PARKSON Financial Ratio Analysis 6 C) COMPETITOR Financial Ratio Analysis 12
3) Why invest in Parkson? 16
4) Conclusion 23
5) References 25
6) Appendix 28 A) Financial Ratio Analysis Summary 28 B) Financial Ration Computation 28
1) Executive Summary
Parkson Holdings Berhad (Parkson), a board line retailer is based in Kuala Lumpur, Malaysia, a subsidiary of the Lions Group based in Malaysia. The company was formerly known as Amalgamated Containers Berhad and changed its name to Parkson Holdings Berhad in September 2007.
Parkson Holdings Berhad 's after-tax profit for the Financial years ended June 30, 2011 increase 12 per cent to RM606,622,000 from RM533,598,000 in year 2010. However, its revenue increased 7 per cent to RM2,925,082,000 from RM2,722,256,000. Financial years ended 2011 ranked 3rd as compare to Financial year ended 2009 which ranked 1st in its 5 years financial performance from 2007 – 2011.
Parkson’s Retail operation in Malaysia posted a favorable set of results with gross sales proceeds rising 9 per cent to RM 766 million over the same period in 2010.
The Chairman highly alerted on global economy was abruptly affected by the US credit rating downgrade and the debt burden in Europe. As such, Chairman see strong domestic demand in Malaysia is the key to continue to deliver strong revenue and earnings to improve financial performance year ended 30 June 2012.
Besides, it also continued to source for good locations in anticipation of new stores opening, having opened to further strengthen the group 's network and operations in the respective retail markets. News sources indicate there is a plan to open another 18 stores in Malaysia by 2020. Existing 37
References: 3. Lermack, 2003, Steps to a Basic Company Financial Analysis [Online]. Available at: <http://faculty.philau.edu/lermackh/financial_analysis.htm> [Accessed 15 June 2012] 4 5. Star Publications (M) Bhd., 2012, Parkson to open 5 stores in Indonesia in 2013, [online]. Available at:<http://biz.thestar.com.my/news/story.asp?file=/2012/6/28/business/20120628153640&sec=business> [Accessed 18 June 2012] 6 10. Securities Commission Malaysia, 2011, The Reporter April 2011, Vol2, No 1 [pdf]. Available at:<http://www.sc.com.my/eng/html/resources/reporter/reporter_2011_04.pdf> [Accessed 18 June 2012] 11 14. Bank Negara Malaysia, 2012, MONETARY AND FINANCIAL DEVELOPMENT-Quarterly Bulletin First Quarter [pdf]. Available at<http://www.bnm.gov.my/files/publication/qb/2012/Q1/p4.pdf>[Accessed 18 June 2012] 6) Appendix