Parkson Asia: Beginning of Growth

$PARKSON RETAIL ASIA LIMITED(O9E.SI)$was oversold in the last 2 days, but now starting to regain its share price. 

If you were watching this stock, you'll noticeits price went up 5x over the last 2 weeks, from about $0.010 to a peak of $0.053. 

The reason for this is its much improved financial results from the last quarter. Upon reviewing those results, one strong reason for its increase in earnings is the fact that it implemented a series of cost cutting measures over the pandemic period, which contributedstrongly to its profits. 

I expect that in the next quarter, Parkson Asia will be able to sustain this growth. The restructuring measures it took has benefited the company, and will continue to do so. 

Even as the markets are worried about the larger macroeconomic factors, Parkson Asia has increased in price by 15% today at its peak. Fundamentally, its department store business across Southeast Asia is improving with pandemic improvements. 

I believe Parkson Asia is a good stock for both short term and longer term gains. 

@Daily_Discussion@CaptainTiger@TigerStars