KLSE: PARLO (0022)       PARLO BERHAD ACE : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.08   -0.005 (5.88%)  0.08 - 0.085  224,700
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Market Cap: 38 Million
NOSH: 469 Million
Avg Volume (4 weeks):472,520
4 Weeks Range:0.08 - 0.11
4 Weeks Price Volatility (%):
52 Weeks Range:0.05 - 0.16
52 Weeks Price Volatility (%):
Average Price Target: 0.94
Price Target Upside/Downside: +0.86

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#2]  |  22-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  26-May-2023
T4Q P/E | EY: -6.04  |  -16.55%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.05  |  1.60
T4Q NP Margin | ROE: -3.22%  |  -26.48%


Date Subject
12-Sep-2022 Mplus Market Pulse - 12 Sept 2022

Business Background

Parlo Berhad is a Malaysia-based company. It is seeking new opportunities.
Trade this stock for as low as 0.05% brokerage. Find out more.

  2 people like this.
Srsm Trader standby.
13/10/2021 10:54 AM
Srsm Trader thanks parlo.
18/10/2021 3:31 PM
canbuyla director buying
29/10/2021 11:10 AM
Wiseman169 PARLO Berhad – The Dark Horse In The Making? Share Price Has Outperformed GENETEC?

GENETEC is undoubtedly the hottest stock and the shiniest star in BURSA this year with a whopping Year-To-Date gain of more than 2500%. However, did you know that the share price of PARLO has outperformed GENETEC recently?

At the same time, I found that the volume of PARLO has increased a lot since the founding of the subsidiary, V Care Industry Sdn Bhd (V Care). The volume spiked from below 500k in July 2021 to the highest volume of 55.78 mil on 7 Sep 2021.

The Beginning of A New Era?

On 29th Oct, the Independent and Non-Executive Chairman of PARLO, Mr. Chan Wing Kwong resigned and Yan Foong Sdn Bhd (The vehicle controlled by the major shareholder – Yap Fu Fah) sold their shares to the new shareholder, ARIV Capital Sdn Bhd (ARIV). Based on the chronology events, it is an educated guess to link up the new owner and the new business venture of PARLO.

If not, what would be the rationale for ARIV to pay a 30.9% premium (36 sen per share) to the market price for 27.75mil shares then?

There is an old saying: "There’s no smoke without fire." So, are there any structural changes in PARLO’s fundamentals? Is share price backed by fundamentals or just another story?

The founding of V Care Industries (Malaysia) Sdn Bhd (V Care), a 51% subsidiary of PARLO, could be the game changer for the Group. Based on my channel check, V Care is a distributor of various medical related products that have strong connections with the local retail convenient stores and hypermarkets such as 99 Speed Mart, KK Super mart, Mydin, and others.

So, what is so special about V Care?
Prior to the establishment of V Care, the two directors (Chan Kok Seong and Chan Yee Kuan) have been in the business of distributing the Covid-19 Antigen Rapid Test Kit (RTK) via a partnership with the related party to the market. Out of the total 9 million RTK sold for the past 3 months in Malaysia, they contributed 5 million (55.5% of the market share).

According to my source, V Care will get their own establishment license to distribute the RTK very soon with the help from PARLO. And they are set to become of on the main players in the local market.

The demand for RTK is expected to pick up further due to the reopening of the economy and school, interstate travelling, opening of the international borders, etc. People will tend to test themselves after gathering, going to crowded spaces, or before going back to their hometown to make sure that they are free from the virus.

Based on their internal projection, V Care is expected to sell 3-5mil RTK per month. Let’s assume that V Care makes RM1 net profit from each RTK, the expected contribution from V Care to Parlo’s net profit will range from RM4.59mil to RM7.65mil per quarter (based on 51% shareholding).

At 27sen, PARLO is only trading at a forward PE of 3.85-6.42 times only! (RM0.27 / (RM0.042 | RM0.07)

PARLO’s tourism and the migrant worker businesses are expected to contribute positively to the top and bottom line of the Group once the international borders are open in the near future. In addition, being one of the top travel management companies in Malaysia prior to the outbreak of Covid-19, the Group is expected to benefit from the RM1.3bil allocation in Budget 2022 that will be used to support the post-pandemic recovery of the sector.

All in all, from the changing of major shareholder to the new venture in the medical related businesses, it seems that the new management is determined to turnaround the ailing company. PARLO is trading at an extremely cheap valuation now if the new business venture turns out to be a successful one.
01/11/2021 8:42 AM
cg14134 Latest name appears to be GPacket related. Good luck!
01/11/2021 8:07 PM
TanChinku If Vcare is so profitable why sell to Parlo?
02/11/2021 5:41 PM
TanChinku There are about 50 RTK suppliers, sure to be very competitive, how Vcare able to sell 3 to 5 millions?????? millions????????????????
02/11/2021 6:04 PM
Bobby101 Buang masa punya counter
03/11/2021 10:43 AM
cg14134 Direct off-market deals at "premium" prices designed to con "green" traders. Be warned!
03/11/2021 11:46 AM
HwaKian33 Agree with cg14134.....Looking at the stock movement you can tell it is an amateur work.
03/11/2021 12:33 PM
cg14134 Wow this operator is a real brutal SOB!
03/11/2021 3:40 PM
Bgt 9963 Pump and dump !
03/11/2021 3:41 PM
MadCow75 WHY???
03/11/2021 3:49 PM
MadCow75 siao liao.... terjun air...
03/11/2021 3:49 PM
TanChinku Haha, this Con Con Puan in action again!
03/11/2021 4:04 PM
TomyamGong roller coaster or game over? lol
03/11/2021 4:15 PM
Yezzy99108 PnD counter. The longer u stay u bleed more
03/11/2021 9:36 PM
fidaus2005 This parlo potential GN3 counter.. No revenue no business.. Careful guys. Superpenny price waiting.
03/11/2021 11:04 PM
Legend The Dark Horse In The Making?
The Beginning of A New Era?
There is an old saying: "There’s no smoke without fire."
03/11/2021 11:16 PM
invest2getRich Parlo is NOW One Direction ..... towards South
05/11/2021 11:07 AM
MadCow75 back to penny...
09/11/2021 12:08 PM
moolah super penny....... substantial shareholder bought last week, and throw ...
09/11/2021 2:54 PM
canbuyla time to go up...shoot up....wack up...!!
06/12/2021 8:45 PM
Mr.Sm Invest123 Post removed. Why?
09/12/2021 10:15 PM
Hunkyman Something is brewing.
18/12/2021 1:01 AM
Yu_and_Mee brew coffee?
18/12/2021 3:52 PM
Winer21 Never up its will be going down till 0.10cents
01/01/2022 8:47 PM
trading2019 No wonder. https://www.thestar.com.my/news/nation/2022/01/10/online-recruitment-application-for-foreign-workers-soon-says-saravanan
10/01/2022 8:45 PM
hensemboi95 Slow and steady..
19/01/2022 1:23 PM
canbuyla 30 Sen ?? can...???
22/01/2022 12:19 AM
moolah cross 20c baru cakap...today so high volume, but yet trending at 16c
24/01/2022 4:42 PM
awesome20 rumor has it
25/01/2022 7:02 PM
mansaham1972 LKL beli PARLO kahkahkah,selamat datang parlo bersama geng penipu focus fintec.Bursa skg betul2 dah rosak teruk.
28/01/2022 7:40 AM
mansaham1972 Lepas ni umumlah pp,esos banyak2 sampai saham jumlah bilion dan umum consolidation kahkahkah.Bagi yg masih hold ini kaunter lebih baik jual awal sebelum harga bawah 10 sen.
28/01/2022 7:43 AM
05/02/2022 12:47 AM
Orson Chin Parlo limit up soon ?
08/03/2022 11:34 PM
nasgee LU fasterrr,
10/03/2022 4:26 PM
moolah LU or LD??? 0.115c, everyday someone throwing
11/03/2022 12:16 PM
nicholas99 wah goreng parlo now?
13/04/2022 11:24 AM
shavemyfurm how to goreng. Kanger Mou can goreng up, parlo is travel 1,also no power....
15/04/2022 4:37 PM
shavemyfurm Cannot play la
15/04/2022 4:37 PM
shavemyfurm Really parlo k dei ha.... cannot wake up
18/04/2022 5:23 PM
shavemyfurm No people comment also.
18/04/2022 5:23 PM
shavemyfurm Maybe ready to limit down aldi.
22/04/2022 1:22 PM
moolah time to limit down this counter.
06/05/2022 6:30 PM
aiman777 rest in peace
27/05/2022 12:41 AM
AnwarKawKaw Parlo limit up soon
21/12/2022 12:32 PM
Blue Tulip Hope so. With the prospect of China tourists returning soon.
28/12/2022 9:30 PM
rr1688 Parlo ma blanca...
29/12/2022 12:28 PM
Rocket2moon I smell something, do you?
09/01/2023 7:56 AM

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