Bursa Malaysia Stock Watch
Padini Holdings: Maintain Buy - A strong FY12 shaping up
kltrader
Publish date: Wed, 29 Feb 2012, 09:44 AM
kltrader
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Above expectations. Padini's net profit of RM28.6m for 2QFY12 (+97% YoY, +6% QoQ) was above our expectations, making up 35% of our full-year forecast. Cumulatively, 1HFY12 net profit of RM55.5m (+69% YoY) accounted for 67% of our estimates for FY12. We revise our earnings estimates for FY12 and FY13 upwards by 5-6% p.a. following the impressive results and consequently raise our TP to RM1.70 (+6%), based on CY12 PER target of 12x (unchanged).
Maybank Research 29 Feb 2012
Click here for full report
Maybank Research 29 Feb 2012
Click here for full report
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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 00:49