February 28, 2012

PARKSON - Earnings supported by PRA

Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 6.20



Parkson Holdings; Buy; RM5.58
Price Target: RM6.20 (Prev RM6.55); PKS MK

Seasonally stronger Dec11 quarter produces RM106m earnings, within our expectation. Malaysian ops offset China's disappointing earnings. Maintain Buy with RNAV-based TP of RM6.20.

Source: HwangDBS Research 28 Feb 2012

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