Bursa Malaysia Stock Watch
Padini: Maintain Buy - India lifts cotton export ban
kltrader
Publish date: Tue, 13 Mar 2012, 09:54 AM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Joining the billion-ringgit club. India's on-again, off-again cotton export ban is a small hiccup which has not affected Padini. We maintain our Buy call and TP of RM1.70 based on 12x CY12 PER. The group has evolved into a stock with a market cap of over RM1b compared to just RM690m when we initiated coverage in July 2011. The 12-month average daily trading volume has also improved to 1.2m shares vs. just 0.7m in July 2011. Trading at 11.2x calendarised 2012 earnings, we expect its valuation gap vis-''-vis peers to continue narrowing.
Maybank Research 13 March 2012
Click here for full report
Maybank Research 13 March 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 00:47