Bursa Malaysia Stock Watch

Padini Holdings Berhad (Buy): Strong earnings momentum

kltrader
Publish date: Wed, 30 Nov 2011, 10:49 AM
kltrader
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Following Message
Excellent growth. Padini's 1QFY12 earnings were strong, with net profit of RM27m up 47% YoY (+49% QoQ). Although above our expectations (1Q is typically a strong quarter), we maintain our forecasts on anticipation that sales could moderate into 2HFY12 on the back of slower domestic consumption. For its strong retail presence and increasingly resilient earnings model through its Brands Outlets, Padini remains a Buy with an unchanged TP of RM1.16 (CY12 PER of 9.2x).

Maybank research (30 November 2011)

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Discussions
Be the first to like this. Showing 2 of 2 comments

stockoperator2882

Hmmm, I bought @ 1.2 :S been holding it for a while.....

2011-11-30 11:34

MalaysiaInvestor

IS Padini RM1.65 over value?
I bought Padini in 2004, and the ROI now is 491% and I didn't sell. I bought Padini again in 2009, the ROI now is 220% and I still didn't sell. I bought again in 2011, the ROI now is 58% and I still didn't sell. Never sell a good stock.

If you have invested RM128k in Padini stock in year 1998, your stock now would worth RM1.65 million now, and you would have collected RM238k of dividend. Your ROI including dividend would have been 1475%. and a CAGR around 23.63%. That is really impressive.

How should we value Padini now? Please refer to my blog. http://malaysiaequityinvestment.com/

2012-04-28 00:52

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