Ng NG's comment on PARKSON. All Comments
Ng NG
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KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.

According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.

No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.

Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.  

NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.

Parkson’s largest shareholder is its chairman and managing KUALA LUMPUR (June 24): Parkson Holdings Bhd (KL:PARKSON), whose shares have climbed 24.4% since June 19, has a new substantial shareholder in Irelia Management Sdn Bhd.

According to Parkson’s bourse filings on Tuesday, Irelia Management acquired 78.3 million shares or a 6.815% stake in the department store operator via open market transactions between June 20 and 24.

No price tag was disclosed on the shares traded, however, based on respective closing prices on which the shares were traded, the block was valued at RM18.6 million.

Based on a filing with the Companies Commission Malaysia, Irelia Management is wholly owned by NTG Holding Ltd.  

NTG Holding is the asset holding company of the NTG Strategy Fund SP offered by private equity and alternative asset management firm AEI Capital Group, according to NTG Holding’s website.

Parkson’s largest shareholder is its chairman and managing director Tan Sri Cheng Heng Jem, with a 54.57% stake.

Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.

Sri Cheng Heng Jem, with a 54.57% stake.

Shares in Parkson ended half a sen or 2% higher at 25.5 sen, valuing the company at RM286.87 million. Year-to-date the stock is up 18.6%.
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1 month · translate ·
cheng
takes time, slowly but surely. hope that the board will continue to unlock the value of Parkson given the emergence of new substantial shareholder now. The street likes to see accounting profit instead of generating cash from ops, positive cash flow, double digit operating margins :)
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Like · 1 month · translate
Ricardo Siau
NTG going on a shopping spree for high sectors in southeast Asia is aspiring to be a fortune 500 company... Interesting
Like · 1 month · translate
Ng NG
Ntg acquisition of phb shares is very cheap compared to the major shareholders. average cost could be around 0.20. good bargain.... good times ahead !!!
Like · 1 month · translate
cheng
Hope you are still holding it, Ricardo :) many of the previous retail shareholders have sold out after Q4'24 results.
3 Like · 1 month · translate
Ricardo Siau
Cheng, pared down a small portion from 20 every step on the way up, doesn't make sense to sell < 20 considering the lucrative Malaysian retail operations and the up and coming credit business
Like · 1 month · translate
cheng
Congrats, Ricardo. Spot on summary you have there and seems like you have been looking at the numbers/margins :) Indeed PHB consistent double digit margins are driven by PRA margins; the anchor if you will. PRG margins dipped to 5% and below for 2 out of 4 qtrs in FY2024. Q1FY25 is back to double digit. Retail sales data in China is looking good, Parkson Credit is parked under PRG and growing. A consistent double digit margins from PRG coupled with the planned investments will be nice for PHB.
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4 Like · 1 month · translate
cheng
another notable movement in the top 30 shareholdings is Cheng Yong Kim; added ~10mil shares of Parkson based on latest AR. His shareholding has not changed since 2020 and latest AR showing he has increased it to 19+mil. Not sure what is brewing but hopefully the board will work hard to unlock the value of PHB.
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2 Like · 1 month · translate
Ng NG
Tan Sri Albert Cheng Yong Kim, BOD with several Lion group listed companies, related to the biggest shareholder of PHB Tan Sri William Cheng, could be something brewing ....some parties loading up some shares. with their networth acquiring substantial shares is cheap at the current market value.
there are a lot of value in PHB to be unlocked if taken private. One of the properties in Beijing commercial district and another 1 in China is the jewel crown
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Like · 1 month · translate
cheng
will be looking for opportunity to add :)
2 Like · 1 month · translate
cheng
slowly but surely :) Keep going. Hope to see 4th floor soon and continue to converge towards its intrinsic value thereafter.
3 Like · 4 weeks · translate
Ricardo Siau
Philip capital added 4.5m shares in q1 along with ubs 4m and dbs 1.4m
4 Like · 4 weeks · translate
Vincent Wong
Ntg pe fund more secure or parkson?Hahaha. Goreng goreng goreng
Like · 4 weeks · translate
cheng
Both are secured at current price :)
2 Like · 4 weeks · translate
Ng NG
consolidation done
0.25 resistant done
next 0.30
1 Like · 3 weeks · translate
cheng
keep going :)
4 Like · 3 weeks · translate
cheng
Thanks to Mr. Market for the quote. Managed to add some at 0.215.
5 Like · 1 week · translate
Ricardo Siau
Cheng, any stop-loss for this buy order?
Like · 1 week · translate
cheng
No stop loss for this as the risk is low for me, Ricardo. I kept 700 lots free tickets which were mostly bought back in 2023 at 0.135. Rebalanced my position last year after the results of q2fy24 due to its ops margin dropped below 10% driven by PRG and being wary of year end impairment exercise. Didnt add any positions since then until q1fy25 results showing ops margin is above 15% which is higher than q4fy24 ops margin. Added 745 lots yesterday. I will consider increasing my position if ops margins remain strong and rebalance if ops margins starting to show weak numbers.
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4 Like · 1 week · translate
Ricardo Siau
Good jobs... Neither do I
Like · 1 week · translate
cheng
Technically, the current major long term trends is still intact since the breakout at 0.19; above the 2 years downtrend line. Takes time and hopefully will be a worthwhile ride. 3rd higher low since 2020 and hopefully 3rd higher high in the making; internal focus of efficiencies and positive external headwinds of higher consumer spending at the back of lower interest rates and China gomen focus on boosting consumer consumptions. The insiders movement is also a positive factor with the emergence of new substantial shareholder.
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4 Like · 1 week · translate
Vincent Wong
No worry. Ntg pe fund is huge fund. Matter of time. Goreng goreng goreng
1 Like · 1 week · translate
cheng
PRA spiked last week after ex-div adjustment in early Jun. Previous spike in May due to dividend announcement. What's brewing?
4 Like · 1 week · translate
Ng NG
Opportunity to Top Up!
Like · 6 days · translate
cheng
Will do so, Ng :)
3 Like · 6 days · translate
cheng
ooh boy. PRA spiked 19% again today :)
1 Like · 5 days · translate
Ng NG
PRA spiked 25% now , PHB will follow soon, fingers crossed ?
Like · 5 days · translate
cheng
PRG spiked too :)
Like · 5 days · translate
Ng NG
yes PRG spiked 25% at the same time
Like · 5 days · translate
Ng NG
PHB closed at intraday High. expect a better showing tomorrow since PRA & PRG have spiked past few sessions. PHB will play catching up
Like · 5 days · translate
cheng
could be driven by corporate development or better than expected Q2 earnings?
4 Like · 5 days · translate
Vincent Wong
Kekekeke. Man man lai
Like · 4 days · translate
Ng NG
closed at intraday High today. fingers crossed next week
Like · 4 days · translate
Vincent Wong
Slowly pecah pecah
Like · Yesterday · translate
Ng NG
on the way to 0.30. PHB is lagging behind PRA and PRG recent rally
2 Like · Yesterday · translate
Ng NG
congratulations to Cheng on your recent 745 lots acquisition.
3 Like · Yesterday · translate
cheng
Thanks, Ng. PRG gapped up today :)
2 Like · Yesterday · translate
Ricardo Siau
beautiful chart pattern
Like · Yesterday · translate
Ng NG
indeed nice chart, looks like head n shoulder but not really, more like a bullish pattern
Like · Yesterday · translate
Ng NG
28 Jul 2025
3,750,000
Acquired Direct Interest by irelia management

24 Jul 2025

1,399,100

AcquiredDirect InterestName of registered holderIrelia Management Sdn Bhd

25 Jul 2025

396,900

AcquiredDirect InterestName of registered holderIrelia Management Sdn Bhd
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Like · Yesterday · translate
cheng
Looking really good. Irelia continued to increase its shareholdings :)
Like · 22 hours · translate