Background
Parkson need little introduction as Parkson is a big retail group in Malaysia, China and Vietnam.
Parkson current NTA is 2 40 with a current price of 0.75. This translate to P/BV of 0.3125. This is cheap by peer group comparison worldwide.
Why did I say so?
This is because Amazon the richest internet trading company had embark on vertical integration by buying over Walmart.
In the future, whoever control the distribution chain, control the world.
This is because internet is the software and supply chain is the hardware of future e-commerce respectively.
Therefore, I believe with the right leadership at the helm of Parkson. The glittering old days are back soon with suitors such as Lazada, Alibaba and Amazon.
If William Cheng decided to jump on the bandwagon of internet marketing, Parkson hopefully can reach 2x book value or even more due to accessibility in Malaysia, China and Vietnam. Leading to a giant leap forward in price like what happen to Walmart.
"If u control the toll gate, u monopolize"
Good luck! Amigo!
Yours sincerely,
Dr Lion.
Parkson need little introduction as Parkson is a big retail group in Malaysia, China and Vietnam.
Parkson current NTA is 2 40 with a current price of 0.75. This translate to P/BV of 0.3125. This is cheap by peer group comparison worldwide.
Why did I say so?
This is because Amazon the richest internet trading company had embark on vertical integration by buying over Walmart.
In the future, whoever control the distribution chain, control the world.
This is because internet is the software and supply chain is the hardware of future e-commerce respectively.
Therefore, I believe with the right leadership at the helm of Parkson. The glittering old days are back soon with suitors such as Lazada, Alibaba and Amazon.
If William Cheng decided to jump on the bandwagon of internet marketing, Parkson hopefully can reach 2x book value or even more due to accessibility in Malaysia, China and Vietnam. Leading to a giant leap forward in price like what happen to Walmart.
"If u control the toll gate, u monopolize"
Good luck! Amigo!
Yours sincerely,
Dr Lion.
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