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PADINI: Padini Holdings Berhad - thestockmonger

Tan KW
Publish date: Fri, 24 Jan 2020, 07:41 AM
Tan KW
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About Padini Holdings Berhad

Padini Holdings Berhad (PADINI) is retail clothing company in Malaysia. It’s brands include Vincci, Vincci Acessories, Vincci Mini, Padini Authentics, PDI, Padini, Seed, Miki and P&Co. According to their 2019 annual report, 95.5% of the group’s revenue comes from Malaysia market (141 retail stores). Besides that, they have 40 stores outside Malaysia.

 

The management believes in selling apparel through bricks and mortar platform for the best customer experience. With that being said, Padini also has a step in digital retailing to complement their business model to provide consumers the best retail experience.

Moving forward, there is no formal plan to open or close stores in Malaysia and Thailand. However, they will open a Brands Outlet store in Cambodia in FY2020.

 
 

Income Statement

Padini_Income_Statement_table
Padini Income statement (2015 - 2019)

For FY2019, the group has recorded RM1.78 billion in revenue, 6.2% more than FY2018 (RM 1.68 billion). However, net profit fell from RM178.2 million to RM160.2 million. The drop in net profit was attributed to decrease in gross profit margin and reduction of fit out contrubution from mall operator. However, the management commented that the drop in gross profit margin is still within acceptable range.

 
 

Balance Sheet

 
Padini_Balance_Sheet_table
Padini's balance sheet (2015 - 2019)
 
 

Per Share Items

Padini_per_share_items
Padini Per Share Item (2015 - 2019)
 
 
 

Valuation

 
padini_valuation

At the time of writing, Padini stock price is currently at RM3.42, somewhere in between its 52 weeks high and 52 weeks low. It currently has 3.36% dividend yield, 13.90 P/E and 3.12 P/B. 

 

https://thestockmonger.com/padini/

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