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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Phillip Zhong
  • Phillip Zhong

Ceasing Coverage of Parkson Retail Group

Due to a change in coverage requirements, we are ceasing coverage on Parkson Retail Group. We had a no-moat rating on the company and our last fair value estimate was HKD 0.72 per share....

Phillip Zhong
  • Phillip Zhong

Given the challenging situation, it will be difficult for Parkson to t...

Owing to a sluggish economy, weak consumer sentiment, and intensifying competition from e-commerce, no-moat Parkson saw a 9.7% year-over-year decline in same-store sales and a 12.0% year-over-year drop in gross sales proceeds (including value-added taxes) in first-half 2016. The firm reported a net loss of CNY 124.2 million during the period, a large decline relative to a loss of CNY 23.3 million a year ago, which includes a one-off litigation loss of CNY 140.9 million. Of its 58 stores, 26 were...

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