KLSE (MYR): PADINI (7052)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
3.35
Today's Change
+0.10 (3.08%)
Day's Change
3.23 - 3.43
Trading Volume
1,712,300
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-30
2024-08-29
2024-08-29
2024-08-29
2024-08-29
2024-08-29
2024-08-29
2024-08-29
2024-08-28
2024-08-28
2024-08-28
2024-08-28
2024-08-28
2024-08-28
2024-08-28
2024-08-27
2024-08-27
2024-08-26
2024-08-26
2024-08-23
commonsense
492 posts
Posted by commonsense > 2018-12-04 09:51 | Report Abuse
Hi RainT,
I think you should wait for the 2Q19 result to be out to confirm whether the low revenue in 1Q19 is permanent or just a one off thing.
You are right to point out the festive season as a potential catalyst for the increase sales in 2Q19. But using the same type of argument, 1Q19 was also expected to post higher revenue given the tax holiday period.
What is worrying is that the low revenue might be an indication of higher competition coming from ecommerce platform such as Lazada. The CEO of Lazada just had an interview session at BFM this morning. He had indicated that Alibaba (Lazada parent company) is committed to invest a further USD2bil or (RM8.4bil) in Lazada to spurs the company's growth.
But I still hope Padini financials would rebound back in 2Q19.
Good luck.