Highlights
KLSE: PADINI (7052)       PADINI HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.46   -0.09 (2.54%)  3.45 - 3.55  746,200
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Overview

Market Cap: 2,277 Million
NOSH: 658 Million
Avg Volume (4 weeks):1,299,105
4 Weeks Range:3.32 - 3.90
4 Weeks Price Volatility (%):
24.14%
52 Weeks Range:3.15 - 6.20
52 Weeks Price Volatility (%):
10.16%
Average Price Target: 5.11
Price Target Upside/Downside: +1.65

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#1]  |  29-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  26-Feb-2019
T4Q P/E | EY: 13.80  |  7.25%
T4Q DY | Payout %: 3.32%  |  45.85%
T4Q NAPS | P/NAPS: 1.0  |  3.46
T4Q NP Margin | ROE: 9.74%  |  25.08%

Headlines

Date Subject
14-Feb-2019 下跌股:巴迪尼控股RM3.33支撑
07-Jan-2019 AmWatch - Sector Focus of The Day
07-Jan-2019 Stocks on Radar - Padini Holdings (7052)
07-Jan-2019 Trading Stocks - Padini
05-Jan-2019 热门股:巴迪尼控股上挑RM3.69
20-Dec-2018 Technical Analysis - Padini
19-Dec-2018 巴迪尼控股挑战RM3.52/敏源
17-Dec-2018 PADINI (7052) CHRISTMAS SALES is ON !
15-Dec-2018 PADINI - BLOODBATH
13-Dec-2018 Daily technical highlights – (SENDAI, PADINI)
12-Dec-2018 巴迪尼控股 成本涨抑赚幅
11-Dec-2018 Technical Analysis - Padini
10-Dec-2018 [转贴] PADINI 可以捞低吗?会不会越捞越低?- SNOWMAN
09-Dec-2018 Padini FY2019Q1 业绩剖析与展望
08-Dec-2018 下跌股:巴迪尼控股RM3.64支撑
02-Dec-2018 下跌股:巴迪尼控股RM4.20支撑
30-Nov-2018 Padini Holdings - 1Q19 Hit by Lower Sales and Margin
30-Nov-2018 Padini - Pounded by high costs
30-Nov-2018 Padini - Struggling to Remain Competitive
30-Nov-2018 Padini Holdings- Earnings disappoint

Business 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.
Analyze this stock with MQ Trader system

  23 people like this.
 
commonsense Hi Nexusglory,

I think you need to reassess back your thesis when you made the investment at RM5-6. I assume this was made prior to the announcement of the recent quarterly report. Does it still stands or has it change?

You need to analyse and come to a conclusion whether the low revenue (which resulted in lower profit) recorded in 1Q19 is permanent or is just a one off event. Some investors believe that Padini revenue and profit will bounce back in the 2Q and 3Q19. If let say the profit rebound back at RM40mil/ quarter (RM160mil if annualise) , then at the current price Padini is currently being valued at only 13.8x fwd PE which is not that expensive relative to its historical PE. However if you think that the 1Q19 result will be the new trend for Padini, then the company is currently trading at a multiple of around 28x PE.

Different investors have different thesis. You have to come up with your own. If you have doubts on your thesis, ask a friend ( that knows how to analyse the numbers off course) to look at them and provide some feedback. Sometimes when we are too entrench in investing in a company, we tend to have blind spots. It helps to get a fresh pair of eyes to relook at the investment thesis to see whether we had miss out some important data or not. That's why when you do investment, it is better to have another partner to confirm or recheck your thesis. It has to be someone you trust off course. In this forum everyone has their own agendas (myself included). Never take an investment advice from anyone without verifying the data/ thesis yourself. In the end what money you gain or loss is still yours.

If you think your thesis still stands. Then you should just buckle up and get ready to face the volatility. If you are right, 2Q19 results are good, investors should come back and relook at Padini. But let say you still have jitters and it effect your sleep or work for example, i would suggest you reduce some of your exposure to a more comfortable level. You might be too expose in the stock (in terms of % of portfolio). Investment is a long term journey. Try to survive and you can always continue with the journey later.

Good luck.
17/12/2018 23:58
newbie81 Padini no doubt is a fantastic company. But it is selling at a fantastic price right now. Fair price should be around RM 2.00 to RM 2.50.
18/12/2018 17:53
VenFx Aiyo ! Manyak susah baru tekan bawab 3.30
Now craw up again to 3.40

2.80 plsss
18/12/2018 19:29
sense maker Average selling prices at Padini stores have come down substantially to suit shrinking Malaysian consumer pockets. The tough time will stay for some time as many mainstream brand stores are selling clothes between rm19-rm39 a piece.
19/12/2018 10:16
alphaqueen today padini regains its buying strength....good job padini… A lot of sour-grape commentators pretending to be stock gods again saying this is piece of junk...worthy of 2.++….questioning the business model of padini and forecasting that padini is a sunset business. Share price performance speaks for everything. There is a value people buying padini up to RM6 a piece.i hope those people can be more modest. I am not saying padini will recover to its peak,neither do I say the price wont drop back to new low,3.15....but, judging from now, is difficult to go back coz a lot of waiting to buy-in at 2.++ must be desperate to buy when it drops back to the new low....so basically it wont happen. I am still holding share at 4.4something but I do make fast trading and earn up a bit. Temporarily I wont top up first. at least for another quarter to see how the company perform.
I always hope that padini will bring glory of Malaysia and be able to stand at the Southeast Asia platform. The investors who buy up to RM 6 a piece must have the same thoughts with me …
After all, investing is a long journey.
19/12/2018 17:05
Kawkaw for those bought.. congratulations..
Missed...see tomorrow
19/12/2018 20:25
trulyinvest Any rebound is sell
19/12/2018 20:33
klangkopitiam https://mymetastockjournal.blogspot.com/2018/12/padini-holdings-bhd-klse-7052-someone.html
20/12/2018 14:42
scotthong PADINI (7052) - Technical Analysis

More: https://hongweigiet222.wixsite.com/website/single-post/2018/12/25/PADINI-7052---Technical-Analysis

Please Support
25/12/2018 19:07
calvintaneng Merry Christmas

He who fights and run away will live to fight again
25/12/2018 21:36
Depeche After CNY...dun think following quarters will impress... next year could see its price dip to 3 or below.
26/12/2018 11:23
Bursa999 mini hammer form today hopefully can see some rebound tomorrow and friday..
26/12/2018 17:36
ChefSaham EPF has been acquiring since the price went down until today still buying hope can go up slowly as q2 and q3 qr might be good due to festive seasons
26/12/2018 22:04
novice88 Post removed. Why?
26/12/2018 22:06
Bursa999 ep = any above 3.46
tp = 3.6
cl= 3.32
28/12/2018 23:37
Moc Nokin Free warrant! Don’t miss out to buy revenue group stocks. Now is cheaper 1.37.
Earn money together!! Last two days free warrant.
02/01/2019 09:29
Flintstones I would adopt a wait and see approach on Padini. Business wise, there are more and more competitors copying Padini concept store and Brands Outlet business model. In Klang Valley, smaller competitors could not get into Tier 1 or Tier 2 shopping malls due to its smaller scale. Few years ago, Padini had no real competitor except FOS and Cotton On in those malls. But now both competitors had grown in size in terms of store size offering pretty much the same concept. In tier 3 cities, that is where the real blood bath is. Many independent retailers are copying Padini business model here and there. If next quarter results shows poor results, I would be worried about Padini's prospects.
03/01/2019 16:11
sanakimpro >Flintstones I would adopt a wait and see approach on Padini.
+1 I think so too. cheap can get cheaper is my worry for Padini. I love the stock and have held it for a while, but sold before the crash, waiting to get back in. I'm hoping the next qr on 26 Feb will open a new window.
rebound trade is possible but narrow stop loss is required. today's rebound is a sign of confidence, but without good volume and confirmation, it's better to wait and see.
04/01/2019 16:23
(S = Qr) Philip In my opinion, I believe the scuttlebutt approach is the perfect test case for a stock like padini.

Firstly let's forget the early game and the previous gains of padini 5-10 years ago.

Like Flintstones said, there were less competitors, less choices, and more disposable income.

I asked my wife and daughter over breakfast today on what clothes they shop and where do they shop now (scuttlebutt). I remember my daughter used to have cupboards full of vincci shoes and my wife would buy some padini pants for me on discount for work.

My wife now does her shopping tomorrow exclusively at uniqlo. I do too. The prices are reasonable and the colors are nice for the regular family, and the technology and quality that uniqlo has for the heattech? And the stretchy jeans leave me no other favorite comparison locally. Its a wonderful shopping experience. And they also have interesting collaborations with Disney, marvel and that crazy lady that likes to paint polka dots everywhere.

My daughter has found my credit card, and also taobao, Zalora, all online shops. I asked why she is confident in buying online, she say price is half on retail shop, free shipping on certain order amounts, flash sales, and most importantly got escrow ( meaning taobao will hold the money until both sides are acceptable).

The long game for padini is not good. With open market, we can see their buying sources ( some designs exactly the same in China, at 50% price), I don't think this is a trends that will change in the future, as taxes on online trade are very hard to control and supervise.

In the future, you will see guaranteed declining sales and profit margins. Their target market in the future will either be to sell to impulse buyers in malls, or to do online trade war with China.

It is far easier to sell expensive items and bring down prices, than to sell cheap items and increase prices.

This is not a growth stock with good prospects. Paying pe15 for this is painful.

Good luck to all investing in 2019.
08/01/2019 09:54
RainT good sharing !!
09/01/2019 23:47
hyypia Agree, good and sensible sharing, from daily life perspective!
10/01/2019 11:00
mindstorm Funny how someone can write at great length why not to buy a stock. What do you get from it?
Secondly online stores will never be able to totally replace a brick and mortar apparel store. The internet has been around for ages and plenty of online stores tries to sell apparrels. Not logical to think that people will swing to buying online in masses when you can never feel and try an apparel on a website.
11/01/2019 15:10
Kawkaw 1015....your write-up no boring to read. Also very informative
Tq
11/01/2019 23:52
888newbie 1015... you made some very valid points. Many of my friends are also switching to buying online. Growth unlikely to be as good as the past.
14/01/2019 19:20
WanUtama2015 the point above is valid and this is why many traditional sellers in China close shops due to online sales. However in Malaysia, Padini is still able to enjoy the niche market they are in. The aunties & uncles still prefer to test wearing before buying. It is true in view of many buyers still have no confidence of buying the right fit online. Even myself also made mistake before for my previous online purchase. The impact of online sales to Padini is not so great at this moment as there are not many established companies like Padini. I have confidence that Padini will have good revenue in the next few quarters.
18/01/2019 09:34
Joel Chan yea 1015 has valid points, i believe he is an experienced investor
18/01/2019 09:35
mindstorm Think about it logically, you can never never ever be sure of the texture, feel and fit when buying clothes online.
19/01/2019 01:40
Baobab I would prefer to feel the texture and try the clothes before buying it.
21/01/2019 11:00
430204813832245 Looking good ...buy more
25/01/2019 15:37
sanakimpro Peter lynch taught us to see the store with your own eyes, and ask your friends and family if they buy PADINI stuff. People always associate it will discount so that's good in today's tight economy. For bonia, even at pavilion and farrenheit88's carlorino, nobody is seen in there. From that alone, I am still wary of Bonia. Padini seems to still have a lot of customers waiting for the next discount.. so I was also puzzled by last QR report. I hope this QR report improves and I can rebuild my long position on PADINI.

Long padini long term. Short term can accumulate with narrow SL.
25/01/2019 16:49
Oliver Ooi i can sense this coming QR report was include alot of holiday sale such christmas,CNY,end year sale, tax free etc. it could boost sale madly. so this coming QR report will handsomely & flying colour qr report after the mad price drop during end of 2018
26/01/2019 00:10
07/02/2019 12:03
stanleysew Target price 4.5 for this year
09/02/2019 20:47
sanakimpro I think the situationis getting oversold. Need the guts to hold on till the next QR comes out to justify putting more money into PADINI.

https://www.theedgemarkets.com/article/padini-downgraded-neutral-macquarie-price-target-rm343
12/02/2019 14:28
Wing Teoh Buy
12/02/2019 22:45
Alem Aryim please sell more lower...hehehhe
13/02/2019 12:45
stanleysew Time to buy in and keep for future !!!
13/02/2019 12:48
sanakimpro bullish news for PADINI?

https://www.theedgemarkets.com/article/malaysia-wholesale-and-retail-trade-index-81-yoy-4q18
13/02/2019 20:57
lizi oversold or in process of pricing in future earning slump? fine line between the 2. only wisdom can help....

sanakimpro I think the situationis getting oversold. Need the guts to hold on till the next QR comes out to justify putting more money into PADINI.

https://www.theedgemarkets.com/article/padini-downgraded-neutral-macqu...
12/02/2019 14:28
13/02/2019 21:08
enigmatic I think insiders are selling ahead of release of quarter results
13/02/2019 21:51
yang88 Ya, I have the same feeling.
14/02/2019 10:18
Wing Teoh Just stick to your feeling and open your eyes when the price is going up :)
Most of the people do the same~
14/02/2019 16:30
Alem Aryim rsi not touch 10 point....already touch..then i mkn...follow shark think
15/02/2019 10:40
LouiseS Last 5 years EPS on increasing trend, increased by 50.2% over last 5 years, PE ratio at 15, ROE 25%, and dividend yield 3.04%.

https://louisesinvesting.blogspot.com/2019/02/preliminary-screening-of-counters-with.html
16/02/2019 16:38
TopAnalysis Today buy some padini at 3.35, Based on the revenue Q1, 2018 is 315m and 2019 is 329m.
With this information it show the company is still growing. However, only 2019 Q2 can prove right or wrong.
18/02/2019 23:15
kenlee123 bought padini n wearing 1 today :)
20/02/2019 10:51
430204813832245 Flyyyyuu
20/02/2019 16:18
SnowGray nice padini in the green
20/02/2019 16:34
430204813832245 Padini go go go
21/02/2019 15:22
stanleysew When the result out
22/02/2019 10:33


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