COUNTER : PARLO (Code 0022, ACE Market, Consumer Products & Services, Travel Leisure & Hospitality)

#1 - The Coronavirus outbreak has caused a decline in tourism activities throughout the world

#2 - Today, government has confirmed in news that a stimulus package will be announced by end of Feb earliest, especially for aviation, tourism and retail section

#3 - PARLO share price has been on consolidation from a high of 17.5c (7 Jan 2020) to a recent low of 8c

#4 - PARLO Tours has an established travel management and services group, with over 30 years of experience, licensed with Ministry of Tourism and Culture M'sia..will surely benefit from the stimulus package

#5 - Also, with upcoming FEB 2020 QR, which will cover for Q4 2019 period, the numbers should be showing better as the coronavirus outbreak only started in early January 2020

#6 - latest update saying that Tourism Ministry is stepping up to expand other tourist market and not only depend on China

https://www.theedgemarkets.com/article/booster-shot-economy-ready-early-march

https://www.theedgemarkets.com/article/tourism-ministry-stepping-hunt-new-markets?type=malaysia

*the above is not a buy/sell call, the information provided are all facts taken from the company website and are shared for education purpose only