Posted by newbie92 > 2016-10-01 15:42 | Report Abuse

Average cost RM1.3, Padini trading almost at buttom, how can u predict so correctly? Lowest price for Padini last year is RM1.28, mean u buy 1.28,1.29 and 1.3? Hope you not cheat reader.

Posted by eagle100 > 2016-10-01 16:00 | Report Abuse

Take note last year, 2015, Padini was trading at RM1.30 for some time. Easy to buy at RM1.30.After purchase, just keep.
Padini all the while recommended as good dividend stock, stable price though others fall. No need deep prediction
Yeah, my average also RM1.30, same as many who buy in last year

Posted by VenFx > 2016-10-01 16:43 | Report Abuse

Thanks to Alex Tan, for sharing your study in PADINI, of which they are really help in my future investment dilemma .

#1. The market is efficient in the short term
#2. Right management is the key to prove the market wrong

Posted by stncws > 2016-10-01 17:13 | Report Abuse

just lucky only!

Posted by k55s > 2016-10-01 17:25 | Report Abuse

1 stock portfolio-rich people?

Posted by ckkhen > 2016-10-01 22:01 | Report Abuse

I started buying from Sept to Nov '15 at average price of 1.60. Disposed 20k shares for 20k profit. Still keeping 10k shares for investment. Padini is a good example of rising dividends = rising share price.

Posted by Ricky Yeo > 2016-10-02 08:15 | Report Abuse

My comment is only pinpointed on point 2. I don't think you can use that example where mgt absorb GST to validate it as the right decision because it is just as easily to turn that into a bad decision if Padini cripple it's margin going forward and unable to increase their selling price in the future.

On the other hand, it can just as easy to say another retail company made the right decision by doing the opposite, instead of absorb GST they pass all the cost to consumers to maintain their margin, and fortunately the inelastic demand means end users happily take on the extra cost.

Another perspective I'll offer is, Padini do not have a choice, not because the mgt choose the right model. Padini is not in the position to increase price or pass on GST cost without killing themselves, as Buffett puts it, they have to pray if they are going to hike their price, because retail is a cut throat moatless industry.

Posted by VenFx > 2016-10-02 11:57 | Report Abuse

No choice but still has to choose , seemingly it success to make sure Padini back on the right railway.

Posted by pisanggoreng > 2016-10-02 18:44 | Report Abuse

What have I learnt from padini?

Padini has a lot of cash, pay good dividend
No doubt a good company
But I just dare not be greedy when others are fearful

Why?

One simple reason ,
I do not see I can make a quick gain here , so I didn't buy even though I know I should .

Conclusion:
Many times you can't gain because you can't wait

Posted by sosfinance > 2016-10-03 15:13 | Report Abuse

Normally I review the business 3-5 years ahead, and some of the negative I see in retail/Padini:

1. Padini has included 2 Hari Raya Festival Sales in its latest FY, may be hard to repeat the record sale and profit;

2. GDP slowdown from 5% to 4%p.a., more are tightening their belts

3. Household loans is 89%, substantially in properties, tie up cash, need to service loan and interest, and rental dropped significantly. Hence, reduce purchasing power of many.

4. Use to enjoy 6-7% when price is about RM1.50. At current price, not sure can enjoy such high dividend for long term. Many bought Padini for high DY.

5. Glut in retail properties.

Posted by mamatede > 2016-10-04 20:59 | Report Abuse

I actually bought when it fall to 2.55 but my entry price 2.67. Took profit at 2.96 with a cool 14-15% in less than 2 week...Looking forward, say retail properties price is depressed which is good for retail store as their rent is cheaper. Plus Padini is a good balance of fashion and cheap.. So those looking to tighten their belt might opt for Padini instead of more expensive brands.