Parkson back on investors' radar, shares jump nearly 19pct ahead of Q2 results

KUALA LUMPUR: Shares of Parkson Holdings Bhd surged nearly 19 percent in heavy trading as investors eagerly awaited the retailer's second-quarter earnings results. The stock, which opened at 18.5 sen, skyrocketed to a peak of 22 sen, nearing its year-high of 22.5 sen. Parkson's shares were trading at a six-month high of 21.5 sen by 11:17 am, marking a 16.22 percent increase from their previous value.

With 22.64 million shares changing hands, the retail group and department-store operator had a market capitalization of RM247.01 million. There were no recent corporate developments, as the company's latest filing with Bursa Malaysia on July 24 pertained to the dissolution of two inactive subsidiaries. Parkson is scheduled to release its second-quarter results this month.

For the first quarter ending March 31, 2026, the company's net profit increased by 37.4 percent to RM41.42 million, driven by better profitability in China and its other ventures despite weaker retail sales. However, revenue dropped by 10 percent to RM692.81 million, primarily due to reduced sales in China resulting from cautious consumer behavior amid macroeconomic challenges and lower income growth expectations. Currently, Parkson has no fundamental analyst coverage, according to MyBursa.