Charts Of Parkson

Here is the chart of Parkson Group.

Here is the chart of Parkson Holdings.


And here is the comparison chart drawn.



I wonder if it's just be but this is clearly not looking good for either stocks, yes?

And the following was posted recently.

• Parkson Retail credit outlook cut to 'stable'
  
  Published: 2009/01/09
  
  SHANGHAI: Parkson Retail Group Ltd, a Beijing-based department store chain, had its credit outlook reduced to "stable" from "positive" by Standard & Poor's Ratings Services after China sales slowed. The retailer's stock fell for a second day yesterday.
  
  The revision follows Parkson's announcement on January 6 that fourth-quarter sales growth in Chinese stores open at least 12 months cooled to between 7 and 8 per cent, S&P said. This compared with a 12 per cent gain for the year as a whole.
  
  "This would be much weaker growth than historical levels, and we expect the weak sales trend to persist in 2009," the ratings company said in a statement yesterday. "We expect Parkson's full-year 2008 results to be below our threshold for a rating upgrade."
  
  The retailer blamed a "deterioration of the trading environment" in China's export-driven coastal region as recessions around the globe cut demand for Chinese products, prompting job cuts and factory closures. Parkson, which is controlled by Malaysia's Lion Group, said in November that it planned "aggressive" promotions to encourage consumer spending along the coast.
  
  S&P also affirmed its BB long-term corporate credit rating on Parkson, according to its statement.
  
  The ratings company expects the retailer to show "satisfactory profit" for 2008 because of the growth potential of the retail sector in the country and Parkson's "favorable concessionaire model, its good operating margins and improving market position and geographic diversification."
  
  "These strengths are offset by ongoing execution risk associated with Parkson's rapid expansion plan and the fact that it is operating in a fragmented and increasingly competitive market," S&P added.
  
  Retail sales in China should have stayed at a "healthy" 21 per cent for 2008 while growth is likely to slow down in 2009, it said. The government's drive to boost domestic consumption will make the retail sector one of the more defensive in the country, it added.
  
  Parkson shares extended Wednesday's 16 per cent decline, closing 5 per cent lower at HK$7.18 (HK$100 = RM45.5) in Hong Kong yesterday. - Bloomberg