http://www.theedgemarkets.com/article/malaysian-stock-market-may-be-buoyed-najib-budget. Najib know it, Malaysia’s consumer spending surged 7.1 percent in the second quarter from a year earlier, rising at the fastest pace in more than two years. Clothing retailer Padini Holdings Bhd. has surged 88 percent this year, as profit for the financial year ended June rose 15 percent to RM157.4 million
Eps at 23c per share , the present price denotes that its PE is 20 times ; DY around 10c , considered reasonable but not attractive anymore as they are many counters with lower price tax that can earn comparable div . Unless it’s PE falls below 15 *, not much can be gained from this stock. Price appreciation is limited but the downside is clearer each coming days .
Unless you have better choice of company to invest, then it is time to take profit, but no need to bash the company for it. If you think growth will slow down due to the market is saturated, then by all means take profit of it. Join their AGM, review their reports, go out and observe padini stores around shopping malls, review their products quality, what type of customers they target etc etc, do your homework, make your own call. Cheers and happy investing!
Good evening, my name is Jessica. Do you mind if i ask about the terms and condition to join as Padini's supplier? What are the benefits that i can get from joining as the supplier? What are the penalties and the contract? What is Padini's seller criteria? And what is the boutique's criteria?
Thank You for letting your time to read my questions, i hope you can provide the answers. Have a great day!
Jessica, are you from China? Best is to direct visit to thier website and see if any online application or you direct visit the padini procurement team
I only know they propose share buyback 10%. They also have a lot of cash, at some point they maybe propose Bonus Issue or pay more dividends. Or take over some business. It could be overvalued now.
PE > 21x based on today closing price at 5.14, the question shall be asked, could the sales proceed (if after disposed) better invest to other share(s) that have more value vs Padini now ?
If the question is none, then I would rather sit tight and stay investing than to cash out...as this is one of superior company, the value might / would catch up with its lopsided price eventually.
agreed take profitthis padini already made my capital jump.up 80%. I had enough made profit on padini will take profit change to malakof bye padini and technology jcy bye limit up.for other members
@tiow Well said ....if don't have other company that is more good prospect that Padini , why take profit and cash out , would rather keep holding Padini and see how its value will catch up with its price soon
For those who buy at low price can continue to holding
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....
ivan9511
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Posted by ivan9511 > 2017-10-14 20:18 | Report Abuse
yes limit up again next week