Just a sharing, wife want to bought some clothes for the kids online, but cannot deliver due to sold out and refund to us.... very efficient and meant a lot ppl buying the quality clothes from them even online
KUALA LUMPUR: Shares of fashion retailer Padini Holdings Bhd rose to a record high of RM4.45 on Thursday as analysts were upbeat about its outlook and ahead of its dividend of 2.5 sen per share going ex on Sept 16.
At 11.05am, it was up 19 sen to RM4.44 with 1.09 million shares done.
The FBM KLCI was up 3.09 points or 0.17% to 1,775.57. Turnover was 1.01 billion shares valued at RM608.50mil. There were 379 gainers, 263 losers and 329 counters unchanged.
In the financial year ended June 30, 2017, Padini's earnings rose 14.5% to RM157.38mil from RM137.38mil a year ago. In the fourth quarter, earnings edged up to RM39.48mil from RM37.35mil.
At the current price of RM4.44, it is trading at a price-to-earnings of 18.48 times and for the FY ending June 30, 2018, it is trading at a forward P/E of 15.56 times.
PETALING JAYA: Fashion retailer Padini Holdings Bhd’s shares rose to an all-time high to close at RM4.51 yesterday, as analysts remained optimistic on the homegrown company’s outlook and ahead of its 2.5 sen dividend payout on Sept 29.
The stock rose 26 sen or 15.35% to close at RM4.51 yesterday, with 3.19 million shares being traded.
On a year-to-date basis, the stock is up 77.63% and trading at a historical price earnings ratio of 18.85 times. It also offers a dividend yield of some 2.22% at its market capitalisation of RM2.96bil.
Padini sells clothing, shoes and accessories, and its most prominent brands are Padini and Vincci.
Amid weak the consumer sentiment, Padini continued to perform well.
The retailer posted a 14.6% hike in net profit to RM157mil for the financial year ended June 30, 2017 (FY17), against a net profit of RM137mil a year ago.
Revenue was up 21% to RM1.57bil from RM1.3bil previously, supported by positive growth from existing stores with an 8% same store sales growth.
.Another reason for the improved performance was because Padini opened 14 new stores in FY17. They included six Padini Concept Stores boutiques, seven Brands Outlets and one free-standing store.
A Bloomberg poll showed that Padini had six “buy” ratings, six “hold” and no “sell” calls.
According to Kenanga Research analyst Wan Mustaqim Wan Ab Aziz, Padini’s share price rally could be due to its much-anticipated dividend payout and the company’s strong fundamentals.
He said the steady fundamentals were mainly backed by its good financial performance and the retailer’s focus on the value-for-money market, especially for its Brands Outlet.
“Padini has also announced the closure of some of its Vincci outlets and Seed brand locally and abroad, as part of the company’s plans to restructure its business.
“This resulted in lower operating expenses for Padini during the last financial results (FY17),” he said.
While the sentiment is still soft, Wan Mustaqim, who has kept an “outperform” call on the stock, opined that the outlook for Padini was resilient, as the retailer has plans to open 12 value-for-money stores in FY18.
Another analyst also concurred with Wan Mustaqim and felt that Padini’s prospects remained healthy because of the company’s strategy to market fashionable yet value-for-money items.
Padini had said in a May report that about 90% of its products were sourced from China and just like other retailers, the unstable ringgit may pose a downside risk to the group’s growth.
RM5 is first TP before Next QR.... then would be more growth news in SEA.....Asia....Africa....Middle East.....Europe....NA/SA....RM10,15,20 coming....Asian Zara in the making!!! Think big like Alibaba, Mr Jack Ma.....
I had unloaded all my Padini shares , thank you very very much to PADINI. I wish all those who choose continue to hold the shares good luck and Bon voyage to your TP of 5, 10, 15. Bye....
before election market uncertain,funds manager and foreign funds money would not flow in fundamental big cap and mid cap stock now no prospects,because everybody scare buy high losses money ,expect fund manager money would flow out in big and mid cap stock cannot hold and buy. TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..
I think If it is judged from EPS, this company is quite generous. FY 2017 EPS 23.92 DPS 11.5 Payout 48% from earning FY 2016 EPS 20.89 DPS 11.5 Payout 55% from earning FY 2015 EPS 12.18 DPS 10 Payout 82% from earning FY 2014 EPS 13.80 DPS 11.5 Payout 83% from earning FY 2013 EPS 12.87 DPS 8 Payout 62% from earning The share price is getting higher and affects the PE ratio but this has nothing to do directly with dividend, IMHO. Thanks in advance for any input.
agreed . luckily last time I enter when around 3 ringgit now profit almost 80%. padini sure will break 5 ringgit this is a super good dividend counters from lowest 2 to now more than 100% profit . I believe will limit up until 6 ringgit soon . my take profit tg is 5ringgit faster limit up padini
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....
kokojerry
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Posted by kokojerry > 2017-09-07 18:59 | Report Abuse
Just a sharing, wife want to bought some clothes for the kids online, but cannot deliver due to sold out and refund to us.... very efficient and meant a lot ppl buying the quality clothes from them even online