kuihmoi... your words do somehow explain the current drop ... haha... good watch....

then you are in good hands since you are in 1.1... but those whom bought in since 1.73 will be a different case :)

Just sharing of thoughts...

Just share of my thoughts,

I've sold my Padini at 1.82 as mention, before the ex-dividend date. this is to avoid dividend taker where they will sell after ex dividend and also to avoid being tax by 25% by the government. and also due to the recent window shopping investors. and also FED meeting upcoming on 17-18 December.

Buy -> Keep -> sleep will not be that efficient unless if you have bought it at 1.63 when it was the lowest.

and also recently the foreign funds are leaving Malaysia and local institution is buying back local shares to prevent the KLCI index to drop...

just beware also on the upcoming market correction...

hmmm closing end of the year would be RM 1.80

powerwk, true that Padini is a good (better then FD) fixed asset, but beware of your surroundings on how our Malaysia government reacting recently and year 2014 doesn't seems to be a good year for shares as our debt is high, expense is higher, and expats/investors on investment are retreating even faster every week, only our local institution (EPF) is buying and selling a lot of counter to create a "great transaction" record in KLCI.

I've swift from buying shares in recent years to buy currency. and I am so called lucky where I bought Korea Won at 2.4 and it's 3.0. in less then 6 months. holding paper money is bad, risky, that's why I've also converting my Korea won to Russia RUB to get up to 8% interest rate for a year ...
Complicated (there are converting rates that banks charged), but I've been getting some money out from all this transaction and it's more then what I can get in Malaysia share market this days....

Sorry that I might have sounded wrongly, but just beware of every situation around Malaysia monetary flowing...

Padini is still a great invest company. I foresee it will go up to RM 2.0 - RM 4.00 very soon, it's just matter of time.

powerwk
Moody, S&P, and other research economy team worldwide...
I sold mine at 1.82 today

Hi guys... I don't know how you guys feel, but I will be selling off my Padini shares and other portfolio...

Malaysia has been downgraded again, with the hike of estimated GDP 5% in year 2014 (which is a compulsory spending on compulsory consumer goods, Sugar, Petrol, Electric and etc)

Not by outsider reports, but the Malaysia government is really rotten ...

Just my personal point of view.

All the best for your investment people...

last year was 1 30% discount and seed cafe voucher.

@kaikai yuan, it's vouchers ...

Guys, why make a big fuss ?

when you travel, always buy travel insurance and make sure what you are insured of. I travel for business often and luggage lost occurs at times.

So how ? I got insured and when my luggage was lost for 48 hours, if my luggage is not found, the insurance I bought covers up to USD 500 for my item. so i have to buy everything with proof of receipt(free shopping money) Plus, due to inconvenient of me looking for my luggage, I launch a complain and demanded for compensation, although some airlines compensate me after 3 months, but accidents happens. out from the USD 500, I got additional top up for the taxi fare claims, prepaid card cost for the airport to contact me on local phone call ( roaming was super EX )

So it depends on how you look at it... It's not the airlines fault usually as it's the local airport that needs to take responsibility.

But that's not the main point, MAS is restructuring it's management, and I think a buying price of RM 0.29-0.30 is a good buy... and you wait for the egg to hatch.

Chill...

Padini is still under Syariah compliant, rarely anyone purchase at higher price...
I assume that after the AGM, company will do a share buy backs...

Great diversified share, I didn't notice that Brand outlets is also under Padini ...

As I think, sit back, relax and wait for my 1.4 k dividend :D

Shariah Compliance listing as of Nov 2013...
http://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_291113.pdf.pdf

Wonder wy Padini dropping so much !!!! because our neighbor country in chaos?

no news about that...

latest announcement says its 4 sens

hold it now, and next year thy shall be rewarded...

Today IGBREIT more on selling :( no more 1.26 already haih~~

ok ok ... if the train has not shoot high yet I shall...
thanks lloydlim

I thought the news says that Patimas is on suspension for 5 market day since 27th November 2013. so it will be resuming back on 3rd or 4th December 2013

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1472185

Happy Investing~

lol... miss that train... Dutchlady also going high up within a year...

@lloydlim, any more recommendation ?

I'm just thinking on this... Just the dividend, do correct me if I'm wrong...

For year 2013
CURRENT 1.77 | 2.64
PADINI | HAIO
HIGH 2.23 | 2.85
LOW 1.61 | 2.00
AVR 1.92 | 2.43

Feb-13 0.02 | 0.06
May-13 0.02 | 0
Aug-13 0.02 | 0.08
Dec-13 0.04 | 0

SUM Dividend 0.1 | 0.14

Dividend% 5.65% | 5.30%

If base above tables, the percentage of dividend is about the same. but I'm putting my investment on Padini with the price of 1.77 as the investment price is lower compare to Haio. which means that more money investing will gives me some return.

For example :

If I only have RM26,400, i can buy 10,000 units from HaiO
I can get Padini for RM 26,373 for 14,900 units

Back to return of dividend, having the same cash i get to have more units in Padini then Haio with the RM 26,400.00 capital

Padini HaiO
Unit 14,900 10,000
Dividend RM 0.1 RM 0.14
Total RM 1,490 RM 1,400

not much different thou ... lol unless one pays a higher dividend...

There is an unstable management team in the company.
IF you have read all the patimas law suit case, you will understand how rotten the company has become.

Ex-employees are also doing inner trading to eat up the company moneys that worth millions...

Patimas sues the employee and the court case is still on going..

I'm not talking about 1 case，I've check at the malaysia bar counsel and court case Malaysia indicating it...

I hope the company to be delisted, set their management right then relist on bursa again...

By the look of their annual report and quarterly result, most management has been resigning and change every 1 - 2 years, a stable company wouldn't act like that ... too much man power shifting.

By the way, who is the founder of Patimas ? anyone ?

http://eresearch.bursamalaysia.com/download.aspx?id=14896&type=research

Research for Padini, just in case you guys want to know that the TP has been set to BUY call with TP 1.87

What's wrong with the whole market ? I don't see any shares moving at all ...

@hksoon, Haio pay you once a year, 8 sens
Padini pays you RM 0.10 / year (for year 2013) divided in quarters
so... what is your question again ?

guys ... may I ask, what is bringing the market to slow down this day ? macam very quiet ....

SUNREIT can keep long term, many foreign shareholders are exiting from the REIT business in Malaysia (just the investment on share market) but that does not link with the business operation where tenants are still with the malls.

Sunway has great diversification of business, retail, medical, hotel, office suite and shoplots ...

Sunway Putramall is down for renovation, but that doesn't mean that it affects the major business at all, not much...

hksoon, financial result good and the management is giving up to 4 sens dividend to assure investors that they are strong !!!

They are appealing ... so lets wait for Bursa too reply

I mean sorry for my language la~

people panic when H&M and Unico came to town which affects PAdini...

Now hear this people panic sellers ...

I accumulated since 1.63 - 1.68 ... SUCKERS !!! (I'm saying this because the financial reports are correct with extra dividend) YAY!!!

big bucks !!! huhu!!!!

Great news...
Padini to declare 4 sens of dividend :D

ex date : 11th December 2013
Pay date : 27th December 2013


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1471021

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1470985

Parkson have some bad news :)

http://biz.sinchew.com.my/node/85904?tid=6

Hi,
2013 dividend is as follow:
Feb-13 RM 0.0316
May-13 RM 0.0109
Aug-13 RM 0.0200
Dec-13 RM 0.0183

total : RM 0.0183 for year 2013

If you have 1000 unit, the calculation will be following without minus the tax.
0.0183 * 1000 = RM 18.30

hahaha ... darn...
now aiming lower :P

@mfed12, I think that the shariah compliance will have impact on the share price... just my opinion... Why ? look at benelac, due to the delisting from shariah compliance the company has been going down.

No shariah compliance means that it will be hard for them to get funds from islamic funds which contribute a lot.. Malaysia is all out for islamic funds, and you need that funds to support your share prices.

Just my opinion ... I believe Padini is worth while holding and I'm still holding it for sure due to the attractive dividend...

Currently Padini undergoing short term restructuring I guess...

Let's wait for next week announcement on the AGM and dividend. :D

will anyone be going the their AGM ?

well, it's up to the managements of Padini...
hopefully if will not dis-attracts foreigners to invest in Malaysia...

so far I've been told that many foreigners are not interested to invest much in Malaysia ... due to the improvements of shariah compliance and also the boost to only increase Muslim related business but non-Muslim business are ignored.

KWSP is selling on most of the REIT shares... as of 15th November 2013

Foreign funds are exiting from Malaysia market up to RM 3 billion since October 2013.

It's a best time to accumulate now as the price will not go this low in near future after this round...

Collected some... scared as this is the first time I collected so many Padini shares in my life...

but it's not compliance with Shariah law ... so muslim / islamic funds are selling it... maybe.

Dang, A news to share ...

http://www.theedgemalaysia.com/business-news/257935-silver-bird-will-cease-to-be-syariah-compliant.html

Padini is has face issue with syariah compliant as their cash over asset is over 33%...

Is that bad or good :(

I don't know how they count the 6-7 %

but for my calculation, it has paid 0.085 total of year 2013.

so by calculating using RM 1.65 current market price...

0.085/1.65 = 5.15%

as because the forecast dividend is paying higher from RM 0.020 to RM 0.025

So this is good...

My brokers firm says that panic seller has been throwing the PADINI shares at a lost... and due to they saying that H&M and other fashion outlets are killing their business...

I hope they really throw more so I can accumulate...

but bad management leh... many people "eat money", spare parts also can cost 4 times of market price... huhuhu

Foreign funds retreating until December FED announcement... all shares has been lowered...

@tonsilbasher
end of November, 2 weeks from now...

As you observe from track record, every crisis where massive sell down of shares,

REIT shares are steady ... the KLCI index has gone down to 1780 ++ and it will still go down to 1730 - 1750 until 17-18 December.

as you can see from track record, every crisis where massive sell down of shares, REIT shares are always steady ... the KLCI index has gone down to 1780 ++ and it will still go down to 1730 - 1750 until 17-18 December.

if you are looking at long term, it's good to in now...

writing back to Fortunebull...

I had work with Robert Kuok and families company in my young days, i've work for Shangri-la and had a great experience with their family of dealing methods, decision making and some sense of business decision, which is - dedication and responsibility.

I agree partially with you on the speaking that the company is paying peanut and make you work like a donkey BUT, this is the management work, not his job to see how much you get paid off.

always ask yourselves, will any salary you work for is worth to pay you in any situation ? humans are greedy and we are always looking for more money that's why we are in this forum. We invest to gain slightly more. working for people ain't gonna make you rich, if you are daring enough, bring in more innovation and efficient result which will reward not just money, but contacts, trust and a team to yourselves. (I know you don't mean this in your post, but this was what i heard from him last time)

However, Robert Kuok has done some great things where we are to mirror on it and learn... as an employee, taking peanut salary and work like a donkey is normal.

For my own opinion, I was a office administrator, and I was lucky that I get to see how they manage their business and the way of changing business plans and effectively the plan to be push to all departments to achieve the same common goal...

HARD WORK, but yet GREAT Experience I had.

RSAWIT
PADINI
SUNREIT

Foreign funds are shifting out where investors are throwing it too...
HWDBS also mention that due to pending China economy report and FED issues, foreign funds are retreating which also cause a chain effect where local investors are fleeing due to panic seller and selling at a lost.

My broker friends mention just alone with last week to this week, small time buyer eventually bought at RM 1.75 and sold it at 1.68 - 1.71 as they are worried (which resulting that the panic seller is making a lost)

so...

however, their sales and revenue has been increasing ... and within expectation.

Their forecast didn't missed since Uniclo and H&M was in operation so far... on my personal opinion, it's good

didn't get to accumulate at 0.96 :*(

Hi,
usually after dividend, the trading value will be adjusted.

for example, Sunreit was last traded at RM1.32 before dividend and to propose a 2 sen dividend,

As such, the share will automatically adjusted to RM 1.30 as it has paid off the dividend. on the Ex-Date :D

In case you are wondering, Ex date and payment date are different.

so if it's stated that ex date is on 12 November 2013, and payment date is on 28 November 2013.

the dividend money will come to you on the 28th November 2013.

Reference : http://www.bursamalaysia.com/market/listed-companies/company-announcements/1448161

I hope this solves your query ... Happy Investing...

because current foreign funds is retreating from Malaysia...

Even thou due to the weather condition that Indonesia palm oil will be under estimation where Malaysia palm oil will increase production and output, the result will only take few months to see the profit.

however, mainly is the foreign funds that retreat that makes the whole KLCI index falls below 1800...

This whole week will be the bad despite gains in US market.