| Parkson | ||||||
| Year | DPS | EPS | Retained EPS | |||
| 2002 | ||||||
| 2003 | ||||||
| 2004 | ||||||
| 2005 | ||||||
| 2006 | ||||||
| 2007 | ||||||
| 2008 | 14.7 | 25 | 10.3 | |||
| 2009 | 5 | 25.1 | 20.1 | |||
| 2010 | 16 | 28.8 | 12.8 | |||
| 2011 | 15 | 31.9 | 16.9 | |||
| Total | 50.7 | 110.8 | 60.1 | |||
| 2008-2011 | ||||||
| EPS increase (sen) | 6.9 | |||||
| DPO | 46% | |||||
| Return on retained earnings | 11% | |||||
| (Figures are in sens) | ||||||
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I don't think it is fair to calculate based on 2008-2011 results.
ReplyDeleteIf the intention is to do an apple to apple comparison it should be from 2002-2011.
Supposedly from 2002 to 2007 the EPS is nearly 0.
Then the Return on retained earnings=
(31.9-0) /(60.1)= 53%!
This post is a bit misleading in my opinion.
Parkson was previously ACB (Amalgated Containers). It has disposed off its other investments in 2007 and since then is an investment holding company withy stakes in Parkson Retail Asia (PRA, listed in Singapore Stock Exchange) and Parkson Retail Group (PRG, listed on the Hong Kong Stock Exchange). It also owns and manges KL Festival City Mall located in Setapak, KL.
ReplyDeleteI have used the results of 2008-2011, as these truly reflects the business that Parkson is now in.
The return on retained earnings has certain limitations. However, putting the results in this format, allows the intelligent investor to have another insight to the nature of the business and the investment potential of the company.
Regards.