PRKCORP's FY2016 fell on Dec 31. It should have released its AR by 30 April 2017. The exchange has issued to PRKCORP a Suspension Deadline to submit the 2016 AR on or before 8 May 2017. Failure to do so would lead to the suspension of the trading in its shares with effect from 9.00 a.m., Tuesday, 9 May 2017 until further notice.
For the following reasons, you should not rush to sell your shares in PRKCORP.
1. PRKCORP is a profitable company, albeit reporting a loss in FY2016.
Diagram 1: PRKCORP's last 10 years' P&L (Source: Shareinvestor.com)
2. PRKCORP is financially healthy, with low borrowing & high liquidity position.
Diagram 2: PRKCORP's last 4 years' current & gearing ratios (Source: Shareinvestor.com)
3. For the above reasons, PRKCORP was subject to a privatization offer by its major shareholder, PKNP in 2014. The offer price was RM3.90! For more, read www.thesundaily.my/news/923309
4. This is not the first time the company exceeded its 4-month deadline for AR submission. It had happened 5 years in a row, in FY2010, FY2011, FY2012, FY2013 & FY2014.
via BursaMalaysia
In fact, you may consider buying the stock at the current price as the share price is not far from its long-term uptrend line. I think it is fairly a good buy at RM1.70-1.80.
Chart: PRKCORP monthly chart as at May 4, 2017 (Source: Shareinvestor.com)
Good luck!
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