how does richboy know coming qr very good? you or your relative work in padini? their Jun qr traditionally tends to be weak. anyway the stock is now overbought and PE has become too high. Not trying to pour cold water but do be careful not to be too excited
the fact is their retail network in Malaysia is already very matured and the only way forward is overseas expansion by investing in physical stores or by driving their online business. Their exports have been falling in recent years as a result of their winding down their franchises overseas. And their venturing into Cambodia? I think that is a joke. their prices in Malaysia may be very affordable but to be price competitive over there, they need to be even cheaper than in Malaysia, and how will that eat into their margins? Time will tell. And their online business is around 2 years old now and still has no results to show for it. I await their q4 results to see if they provide info about their online biz.
I start to worry abt Padini, had been going northwards for the past 2-3 weeks. This is a bad sign actually. I just worry, people will start to sell once the results are out, no matter good or bad.
Like always, it will again give 2.5 sen dividend but if results are not encouraging, analysts will come with their negative comments and then the price will correct. Like I mentioned earlier, it is already overbought and there are really no immediate catalysts to support the price run-up. Do tread cautiously, it is not a cheap share.
Seems like the edge already disclose Q4 result by growing of 23% qoq or RM46m....wow...new TP RM4.68, still undervalue as mentioned by Cheah... still growing company!!! Malaysian Zara in the making.... let see up not tomorrow
For FY 2018, not much news Padini continue with open new stores in Msia
Is it the growth will slow down?
Is it Padini is already at peak ?
I have unrealized profit of over 100% , just thinking to let go
For me, I feel that sell clothes in Msia will have its limit , once limit achieve , then very difficult to expand anymore. Example in state , let say KL or Penang have 10 shopping malls ...then already open Padini shop at 8- 9 shopping mall so it the limit. Also not all shopping malls is many visitors ..
If we said expansion to overseas such as Combodia and others it is not easy as each countries already have its own brand ...Quite hard to penetrate inside
So is it now Padini is at the peak now ? At limit now ?
For me..if a good stock with nett cash and everyday can observe their business growing during shopping..i definitely won't sell. Because my lesson learnt from Magni, I bought at RM2.8++..hold until the price of RM5++..many people also said is fully max valued for this stock..but I don't care because my enter price is very low..so I still hold..hold..hold...holding until now also not sell..what is the price now..? Is RM7++ already...haha. So, as long as the company still net cash and able to pay the dividend constantly..I will still fall in love to them~~ :)
ya , it has so much cash now rm 417mil and borrowings at rm 82mil; still net cash of approx 51sen per share...this is marvellous...the cash flow is also very good.
what!!!! profit increase less than 10% this quarter,whole year increase less than 20%,but since dec the price up more than 80%....price up not in tandem with the results.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bizfuneng
883 posts
Posted by Bizfuneng > 2017-08-15 10:45 | Report Abuse
RM5 is it a little far fetched?