|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Padini Holdings Bhd is a Malaysian investment holding company. The company and its subsidiaries are principally engaged in the retailing of garments industry. The group has five segments, these companies are the strategic business units of the Group. Vincci Ladies' Specialties Centre Sdn. Bhd, Padini Corporation Sdn. Bhd, Seed Corporation Sdn. Bhd, Yee Fong Hung (Malaysia) Sendirian Berhad, and Mikihouse Children's Wear Sdn. Bhd. Other operating segments comprise management services and investment holding. The business of the group is predominantly operated in Malaysia.
  HafizAjiad98 Bagus, kwsp kutip secara berturut-turut. Yakin Padini akan pecah Rm4 semula 10/08/2023 5:29 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Padini FY ending 30.6.2023 EPS is at historical high level of 33.85 sen per share. DPS for this year 11.50 sen per share. YoY Revenue 1822m Gross Profit 718m GPM 39% PBT 296m PBTM 16.2% EPS 33.85 sen OPBCWC 419m Capex 26.4m Cash 605m ST Borrowings 3.9m NA per share RM1.58 ROE 21.4% Despite retailing being a very challenging sector, Padini seems to be the "king among local retailers", This company has given fantastic returns to those who invested in it from its earlier years, when its price per share was less than 50 sen (adjusted for capital changes to date.) Wealth is created by finding these companies and staying in them for the long term. 25/08/2023 9:13 PM Nepo MIDF RESEARCH (AUG 29): We attended Padini Holdings Bhd’s virtual briefing and remained optimistic about its FY24’s outlook. The salient highlights include Padini’s high inventory level in 4QFY23. The inventory for 4QFY23 was at RM433.2 million compared to RM137.3 million in 4QFY22. Management highlighted that the impact of slightly higher inventory is manageable, with an inventory turnover of around four months (143 days as at 4QFY23). In 4QFY23, same-store sales growth decreased by 2%, a notable contrast to the 41% same-store sales growth seen in 3QFY23. However, SSSG for the full year, 12MFY23, increased by 29%. Average basket size (ABS) remained relatively stable in 4QFY23, with the blended ABS at approximately RM100 per basket, similar to 4QFY22. Meanwhile, ABS for free-standing stores ranged from RM80 to RM90 in 4QFY23. Padini’s gross profit margin increased from 38.5% in 12MFY22 to 39.4% in 12MFY23. This was primarily due to price hikes on certain products over the years. Looking ahead, management aims to maintain the gross profit margin in the range of 38%-39% so as to stay competitive in pricing while retaining customers. 11/09/2023 10:15 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ PADINI Financial Information Learn how to use the financial indicators Market Capital (RM) : 2.599b EPS (cent) : 33.85 Business+ : Number of Share : 657.91m P/E Ratio : 11.67 YoY Score : TTM Revenue : 1.822B ROE : 21.42% QoQ Score : TTM Profit : 222.69M Dividend (cent) : 11.500 ^ Debt/Asset Ratio : TTM Profit Margin : 12.2% Dividend Yield : 2.91% Net Cash (RM) : CAGR - Revenue : 1.7% Dividend Policy : Net Cash/Share (RM) : CAGR - PAT : 4.6% Dividend Payout : Equity Growth : NTA (RM) : 1.580 P/B Ratio : 2.50 Free Cash Flow (cent) : 11/09/2023 10:32 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ My intrinsic value for Padini is RM 6.00 per share! 11/09/2023 10:35 PM Albukhary For me, PADINI performance is the best describe of Malaysia Retail Market. Although you see there are still many ppl in mall, but actually the spending power of all consumer has drop, many people just go mall to walk and enjoy aircond, when they eat, they order less food, when they shop, they shop lesser. For a normal office executive who earn RM5k salary, last time he used to buy G2000 or ZARA shirt (RM150 per shirt), eat Sushi at Rakuzen (2 pax around RM100). Now, he will shop at Online (unknown brand, cheaper RM79 but same quality with G2000), he eat at GO Noodle (2 pax around RM50). Below are the commentary of prospect from PADINI report :- Retail business in general remains challenging due to the deterioration in purchasing power arising potentially from the rising cost, trade tensions and rising inflation and interest rates. However, supply chain issues, material costs and freight charges seem to have stabilised although there may still be some further increases in the short term. Despite the potential challenges, we are optimistic in performing satisfactorily for the current financial year. Management will continue to provide value for money products and implementing measures to control costs, optimise working capital, preserve cash and streamline the operations to minimise any adverse impacts. 30/11/2023 1:28 PM  SincereStock @Albukhary well insights imo, that's why when buying a stock we cannot simply focus on its EPS and sometime overvalue it due to it's branding, it is also important to looks at it's existing assets value. in case EPS cannot sustain or business go sunset still can liquidates the business and it's assets to be distributed to shareholders 30/11/2023 3:29 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ KUALA LUMPUR (Nov 30): Padini Holdings Bhd's net profit for the first quarter ended Sept 30, 2023 (1QFY2024) fell 45.4% to RM26.67 million, from RM48.86 million a year earlier, due to a drop in the gross profit margin from 39% to 36%. In a bourse filing on Thursday, the company said that in addition, the drop in profit before tax was also partly attributed to rising staff cost. It said revenue for the quarter rose to RM388.19 million, from RM379.09 million previously, due to an increase in sales volume. Earnings per share slipped to 4.05 sen from 7.43 sen. Padini declared an interim dividend of 2.5 sen per share to be paid on Dec 29. Reviewing its performance, Padini said the drop in net profit was partly due to a drop in the gross profit margin from 39% to 36%. “In addition, the drop in profit before tax was also partly attributed to the rising staff cost,” it said. On its prospects, Padini said the retail business in general remains challenging, due to the deterioration in purchasing power, arising potentially from rising cost, trade tensions, and rising inflation and interest rates. “However, supply chain issues, material costs and freight charges seem to have stabilised, although there may still be some further increases in the short term,” it said. At the midday break on Thursday, Padini had gained 0.26% or one sen to RM3.79, with 19,300 shares traded. 30/11/2023 6:34 PM  Balian de Ibelin Gameover Downhill all the way profits drop 45% plus negative growth after inflation adjustment. Company is shrinking. Not Growing = Dying 01/12/2023 9:50 AM HafizAjiad98 pakai duit dividen dan masuk lagi jika ia turun ke Rm3.45- 3.50 sana 04/01/2024 11:28 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ PADINI 20.4.2024 Fiscal year is July-June. All values MYR Millions. 2023 2022 2021 2020 2019 TOTAL EQUITY (Book Value) 1,040.00 891.00 802.00 766.00 740.00 TOTAL ASSET 1,666.00 1,494.00 1,274.00 1,398.00 956.00 Fiscal year is July-June. All values MYR Millions. 2023 2022 2021 2020 2019 NET INCOME 223 154 54 75 160 NOSH (DILUTED) 658 658 658 658 658 Fiscal year is July-June. All values MYR Thousands. 2023 2022 2021 2020 2019 FREE CASH FLOW -28,870 469,249 188,795 152,158 109,611 DIVIDENDS -75,660 -65,791 -16,448 -49,343 -75,660 DPO RATIO 0.34 0.43 0.30 0.66 0.47 21/04/2024 2:02 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is July-June. All values MYR Thousands. 2023 2022 2021 2020 2019 Funds from Operations 364,969.00 297,312.00 168,008.00 242,850.00 208,694.00 Changes in Working Capital -367,371.00 187,628.00 25,801.00 -79,349.00 -72,200.00 Inventories -304,480.00 80,481.00 53,701.00 -8,897.00 -28,669.00 21/04/2024 2:05 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year 2023 2022 2021 2020 2019 NET PROFIT MARGIN 12.24% 11.68% 5.25% 5.54% 8.97% ASSET TURNOVER 1.09 0.88 0.81 0.97 1.87 FINANCIAL LEVERAGE 1.60 1.68 1.59 1.83 1.29 ROA 13.39% 10.31% 4.24% 5.36% 16.74% ROE 21.44% 17.28% 6.73% 9.79% 21.62% 21/04/2024 2:23 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Fiscal year is July-June. All values MYR Millions. 2023 2022 2021 2020 2019 CASH AND EQUIVALENT 605 809 524 441 472 ST DEBT & CURRENT PORTION OF LT DEBT 94 74 76 91 21 LT DEBT 367 318 317 432 2 TOTAL DEBT 461 392 393 523 23 NET CASH (DEBT) 144 417 131 -82 449 ACCOUNT RECEIVABLE 40 40 48 42 52 ACCOUNT PAYABLE 92 127 38 58 102 21/04/2024 2:27 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ FISCAL YEAR ENDING 2023 PRICE 3.44 MARKET CAP (MILLION) 2,263.52 ROE 21.44% ROA 13.39% P/B 2.18 P/E 10.15 EARNINGS YIELD 9.85% DIVIDEND YIELD 3.34% 21/04/2024 2:28 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ 3 types of companies: Gruesome, Good and Great Padini falls into my category of a great company. Consistent and growing earnings. Good gross profit margins and net profit margins. Healthy earnings that translate into a lot of cash from operations. Generates a lot of FCF. Paying dividends (DP0 over the 5 years was 0.42) Capex is < 25% of its net earnings. 21/04/2024 2:34 PM Nepo Great share @Integrity With govt servants increase salary by 13%, padini is going to boost its sales from public 01/05/2024 12:47 PM sweetswag Padini staff accused customer stealing clothes? http://xhslink.com/gisp5M 21/06/2024 6:09 PM HafizAjiad98 Q4 belum keluar, TA sudah buy call 😅 https://klse.i3investor.com/web/pricetarget/research/72305 26/08/2024 3:52 PM  enigmatic [bamboo investing style] High inflation dampened consumer's purchasing power this year 27/08/2024 11:08 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Highly competitive challenging sector. Profit margin may expand a bit due to strengthening of our ringgit. 28/08/2024 8:29 AM  calvintaneng Padini was good Good until? Until Govt Removed Subsidy for Diesel Now Diesel up 52% Every thing goes up by 5% to 30% due to Very High Cost of Lorry Transport Cascading down to High Cost of All Things from food to clothing to transport Ony Guy said Before Price Rise High Toyota Hilux Full Tank was Rm180 Now is Rm250 So all consumers will eat cheaper buy cheaper clothes or buy less So? Sell & switch now SOP (5126) A FANTASTIC RESULT AND A ROCK SOLID BALANCE SHEET FROM THIS PALM OIL COMPANY, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-29-story-h-153176392-SOP_5126_A_FANTASTIC_RESULT_AND_A_ROCK_SOLID_BALANCE_SHEET_FROM_THIS_PA 29/08/2024 7:54 PM Whythefuss Padini sits in a sweet position where it covers both end of market with Padini & Brands Outlet catering different price point. What I like that they change with time and able to navigate tough times. 23/09/2024 3:20 AM HafizAjiad98 KWAP masuk lagi https://klse.i3investor.com/web/insider/detail/SBSH_598749_3466800083 24/10/2024 5:58 PM HafizAjiad98 Rasa Padini akan terbang tinggi semasa keptusan diumumkan akhir bulan ni 07/11/2024 10:09 PM enigmatic [bamboo investing style] Malaysia's GDP reported good growth. PADINI should follow suit. 17/11/2024 8:23 PM Nepo https://www.youtube.com/watch?v=vGs4iCA2IdY Padini stands out on physical store sales 19/11/2024 4:15 PM  | |
