Posted by 3iii > 2019-02-28 15:01 | Report Abuse

Quality of business: good
Management: Excellent
Price: Fair

Posted by 3iii > 2019-02-28 15:14 | Report Abuse

>>>

Posted by stockraider > Feb 28, 2019 11:31 AM | Report Abuse

Can go back meh ???

Posted by TopAnalysis > Feb 28, 2019 11:30 AM | Report Abuse

Before 2019 Quarter 1, it was at 5.50 which was pe 22, if it can go back to pe 22 then it would be at 5.6x +

>>>>




When HY was in play, raider said it should be trading at a PE equivalent to 28.

Many asked him, "can meh ???"

raider gave a tp of 45. :-)



Some people are not so rational as others.

Posted by stockraider > 2019-02-28 15:36 | Report Abuse

U ask yourself to construct a brand new refinery like hengyuan cost how much leh ??

Easily rm 15 billion loh.....!!


That means Rm 15.00 hengyuan not expensive loh...!!

Posted by 3iii > Feb 28, 2019 03:14 PM | Report Abuse

>>>

Posted by stockraider > Feb 28, 2019 11:31 AM | Report Abuse

Can go back meh ???

Posted by TopAnalysis > Feb 28, 2019 11:30 AM | Report Abuse

Before 2019 Quarter 1, it was at 5.50 which was pe 22, if it can go back to pe 22 then it would be at 5.6x +

>>>>




When HY was in play, raider said it should be trading at a PE equivalent to 28.

Many asked him, "can meh ???"

raider gave a tp of 45. :-)



Some people are not so rational as others.

Posted by 3iiii > 2019-02-28 15:46 | Report Abuse

Take profit first, before too late. The shark be side

Posted by 3iii > 2019-02-28 16:02 |

Post removed.Why?

Posted by RainT > 2019-02-28 16:27 | Report Abuse

what i like about PADINI is the biz is easy to understand

compare with PETRONM, HENGYUAN

and some construction or property company

PADINI is very simple and easy to understand and monitor biz

Posted by kelvin_ik4u > 2019-02-28 16:41 | Report Abuse

Padini balance cash for RM426mil with little unsecured and secure long term debts of just RM40mil. Some more debts level improve from RM56mil to RM40mil. Every Qtr dividend payout 2.5sen, total 10sen dividend. Positive cash flow earning, truly a cash cow company generation money. Most important, earning is predictable, stable and sustainable, except for last Q1FY19 h drop due to tax holiday in Jun - Aug time frame last year 2018 whereby people use up all money to buy big gadget, like car and handphone sales. I believe moving forward Quarters ahead its earning is on track and growth beyond 7sen+ above, back to normal sustainable sales volume upside projection.

Posted by Heavenly PUNTER > 2019-02-28 16:42 | Report Abuse

sell clothes, no money buy clothes these days

Posted by stockraider > 2019-02-28 16:45 | Report Abuse

Don forget padini got 2.5 billion share loh...!!

Ur cash Rm 400m not much mah....work up to Rm 0.16 per share or about 5% of the share price loh....!!

Posted by kelvin_ik4u > Feb 28, 2019 04:41 PM | Report Abuse

Padini balance cash for RM426mil with little unsecured and secure long term debts of just RM40mil. Some more debts level improve from RM56mil to RM40mil. Every Qtr dividend payout 2.5sen, total 10sen dividend. Positive cash flow earning, truly a cash cow company generation money. Most important, earning is predictable, stable and sustainable, except for last Q1FY19 h drop due to tax holiday in Jun - Aug time frame last year 2018 whereby people use up all money to buy big gadget, like car and handphone sales. I believe moving forward Quarters ahead its earning is on track and growth beyond 7sen+ above, back to normal sustainable sales volume upside projection.

Posted by Varcity > 2019-02-28 16:53 | Report Abuse

Padini Holdings Berhad (7052)

https://www.youtube.com/watch?v=GbHx3PLwJho&feature=youtu.be

Posted by 3iiii > 2019-02-28 17:15 | Report Abuse

Oh no, return back

Posted by 3iiii > 2019-02-28 17:16 | Report Abuse

Aiyo yo yo. Betul kah?

Heavenly PUNTER sell clothes, no money buy clothes these days

Posted by kelvin_ik4u > 2019-02-28 17:19 | Report Abuse

Also dont forget that, before 1QFY19 result out Padini share price was stay strong within 6.00+ range, highest hit 6.20. The potential for Padini to go up further even at current price 3.85 still have plenty room to rise up since it is an consumer sector, much stable than airlines or commodity industry since it is more predictable, stable and sustainable business sector.

Posted by birkincollector > 2019-02-28 18:25 | Report Abuse

guessing coming quarter will be good too with CNY

Posted by stanleysew > 2019-03-01 10:22 | Report Abuse

Seem like alot retailer here

Posted by 430204813832245 > 2019-03-01 10:45 | Report Abuse

Up up up up

Posted by kentwoon > 2019-03-01 10:48 | Report Abuse

betul ke ? sell clothes,No money buy clothes these days, ini macam minyak station,takada wang beli minyak lol,macam mana pusing...... jgn main main. Heavenly PUNTER sell clothes, no money buy clothes these days

Posted by RainT > 2019-03-01 10:53 | Report Abuse

@kelvin_ik4u

yes highest is RM6.20, but provided, sales & profit need continue grow ya

if next few quarters sales drop, profit drop then cash cow or easy understand biz also no meaning
as share price also will not reach RM6.20 level

Posted by RainT > 2019-03-01 10:54 | Report Abuse

easy to predict is the sales ...we can around predict follow Msia festive season & holiday

but the profit a bit hard also as it depend on the management to manage cost

but if sales can easy predict, it almost settle half of the issue already

Posted by RainT > 2019-03-01 10:57 | Report Abuse

next quarter Jan 2019 to Mar 2019 is CNY sales season

hope sales will be higher again

Posted by 430204813832245 > 2019-03-01 11:02 | Report Abuse

Yes this month naik sampai 4.50

Posted by RainT > 2019-03-01 14:27 | Report Abuse

Q3FY2019 - JAN TO MAR 2019 CNY SALES

Q4FY2019 - APR TO JUNE 2019 RAYA SALES

Posted by birkincollector > 2019-03-01 15:01 | Report Abuse

Huhu..someone collecting at 3.79

Posted by magus > 2019-03-01 15:26 | Report Abuse

no more growth story here; online business flat, cambodia business flat, vincci business in thailand just starting and will involve more capex, and what is worse, stingy with dividends. it has large cash reserves but no big expansion plans to use the money and at the same time, refuse to pay more dividends. At a projected 11.5 sen, the yield at the current share price is less than 4 %. Worse return than FD. Sell and put your money elsewhere. For a stock with no tangible and credible business expansion, the PE is way too high.

Posted by amet2017 > 2019-03-01 15:31 | Report Abuse

Cannot buy low aa?

Posted by pjflower > 2019-03-01 15:46 | Report Abuse

https://www.theedgemarkets.com/article/stable-earnings-expected-padinis-upcoming-quarters

Padini Holdings Bhd
Upgrade to buy with a target price of RM5: Padini Holdings Bhd’s revenue for the first half of financial year 2019 (1HFY19) increased 4.6% to RM792 million attributed to positive growth from existing stores and with four new ones opened during the quarter. However, 1HFY19 net profit decreased by 13% year-on-year due to a poor performance in the first quarter of FY19 (1QFY19). Padini’s earnings before interest, taxes, depreciation and amortisation (Ebitda) margin eroded by 1.4 percentage points, which was attributable to higher staff costs, rentals and store operational costs. Overall, the 1H performance exceeded our expectations, particularly coming off the heels of a surprisingly low 1QFY19.

On a quarter-on-quarter basis, 2QFY19 revenue and core earnings increased by a substantial 40% and more than 100% respectively partly due to the Christmas holiday period and a five-day year-end sale as there were lesser festivities in 1QFY19. The higher profit growth can also be explained by efficiency in cost management. Recall that Padini recorded a surprisingly low net profit of RM18 million for 1QFY19. A third interim dividend per share (DPS) of 2.5 sen (2QFY18: 2.5 sen) was declared. We expect a full-year DPS of 11.5 sen, translating into a dividend yield of 3.3%.

We remain positive about Padini’s outlook as the company managed to shrug off its issues with rising costs, which resulted in a slump in its 1QFY19 profit. The 2QFY19 results demonstrated resilience and Padini’s ability to improve its profit margin despite cost pressure. On the risk side, its new store openings and cost to retain market share could exert pressure on margins. However, Padini has diversified brand names that appeal to customers, in our view. We expect more stable earnings for the upcoming quarters due to festive periods, that is Chinese New Year in 3QFY19 and Hari Raya in 4QFY19.

We make no changes to our earnings forecasts. Padini’s share price has fallen heavily since it reported weak results for 1QFY19 in November 2018. We believe that its current share price has more than fully reflected the lower earnings expected for FY19. — BIMB Securities Research, Feb 28

Posted by birkincollector > 2019-03-01 16:15 | Report Abuse

Magus only buy LV kah?

Posted by Bobby6789 > 2019-03-03 09:03 | Report Abuse

Operating costs will go up from 3QFY19 as SST impact will kick in. For 1HFY19, they are able to enjoy lower costs due to inventory stock up during tax free period. Very unlikely that they are able to pass on fully the costs. Therefore we shall see some margin compression moving forward.

They are big locally. But room for growth is limited because their strategy is to open stores inside mall. Those new malls that will come online are mainly in klang valley. It means that it could cannabalise the sales for its existing stores. Furthermore other fast fashion retailer brands like H&M and Uniqlo are giving out discounts and entrance of other new brands like 7Dayz and HLA will worsen the competition in local fashion retailing industry. So it is very unlikely that they could price up to offset thr cost increase as it differs from its motto to provide affordable fashion items.

The contribution of overseas venture is pretty minimal at the moment. And they dont plan to expand in a big way.

Assuming they are making RM150-160mil net profit for FY19 which is about the same level that they made in FY17, that means they should trade around the level during the level which is below RM3.00.

So if u hold Padini share today, u should sell before everyone else does.

Posted by birkincollector > 2019-03-03 09:41 | Report Abuse

Bobby talked rubbish...in 2017 padini reached 5.20....

Posted by amet2017 > 2019-03-03 10:45 | Report Abuse

Haha.. What an analysis.. Just spend your time visiting their stores in malls and make your judgement.

P/s : going to buy some more short sleeve shirts as the quality is decent for the price offered. Kih kih kih.

Posted by nckcm > 2019-03-03 11:26 | Report Abuse

Que for almost 30 mins paying my PDI shirts before CnY

Posted by Bobby6789 > 2019-03-03 11:42 | Report Abuse

RM150 mil/657 mil shares x 15x PER = RM3.42. Sell

Posted by RainT > 2019-03-03 18:54 | Report Abuse

good points about PADINI is

1. low PE now so high potential share price go up (consumer companies usually command PE above 20

2. predictable and quite simple and easy biz to analyse and understand compare with others

bad point about PADINI is
1. saturated fashion market in Msia

2. weak consumer sentiment

3. FY2019 will open not more than 10 new stores , growth is peak now, so sales need depend on same stores sales only

4. lack of overseas market expansion , actually some countries have very high potential for PADINI to penetrate such as Vietnam

so seem the bad points outweighs the good point ....

welcome open discussion and opinion of above points

Posted by 3iii > 2019-03-04 08:22 | Report Abuse

Bought more on Friday early morning.

My tp 5.50+.

Competitive business but still able to grow its revenues and earnings.

The few Padini and Brand outlets I passed by are well patronised.

Posted by sleang > 2019-03-04 14:43 | Report Abuse

i think the brand name itself shud command a little premium, as it has been in malaysia for so many years, people goto padini to buy CNY clothes, people wears padini clothes to work~

Posted by kelvin_ik4u > 2019-03-04 19:56 | Report Abuse

Padini back to normal business earning projection after Q2FY19 result out. I believe it shd revise to PE >20 since its fashion brand is a well known among Malaysian and others Asean consumer appetite. Some more it has a predictable earning, stable & sustainable business history proven throughout many years, proven trustworthy management, debts to earning ratio almost zero, consistent dividend quarterly payout + huge cash flow of Rm420mil resource. Compare to others stable Nestle PE 50+, QL 50+, Dlady 30+, Dialog 30+..., I believe Padini revalue to PE>20 is reasonable, has more room for share price to go up higher after fall from highest 6.20 since last 3mth ago.

Assume average EPS 7sen x 4 = 28sen
PE 20 = 5.60... That's 47% room to grow if next Qtr EPS result within 7sen.

For those who less risk taker investors, I believe its a golden opportunity to buy now for this counter before next Quarter result. Expected more stable earning in next coming CNY & Hari Raya holiday for Q3FY19 & Q4FY19.

Posted by sleang > 2019-03-05 19:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6086961

About 1.3m shares bought by Epf on the next day results was out...

Posted by WanUtama2015 > 2019-03-06 09:16 | Report Abuse

next quarter results will be good for sure.

Posted by 430204813832245 > 2019-03-06 16:41 | Report Abuse

This month hit to 4.50

Posted by birkincollector > 2019-03-06 19:14 | Report Abuse

next round starts tomorrow

Posted by WeiZian Chin > 2019-03-06 21:10 | Report Abuse

get ready 2nd round

Posted by kelvin_ik4u > 2019-03-06 23:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087981

Another 1.25m shares bought by EPF recently.

Posted by kentwoon > 2019-03-07 10:26 | Report Abuse

betul ke ? sell clothes,No money buy clothes these days, ini macam minyak station,takada wang beli minyak lol,macam mana pusing...... jgn main main. Heavenly PUNTER sell clothes, no money buy clothes these days

Posted by 430204813832245 > 2019-03-07 11:50 | Report Abuse

Epf beli ...saya ikut tambah lagi 3.89

Posted by sleang > 2019-03-07 17:03 | Report Abuse

About 2.5million shares bought up by epf in the first 2 days after results..

Posted by sg999 > 2019-03-08 19:57 | Report Abuse

wait 3.6

Posted by enigmatic > 2019-03-09 17:14 | Report Abuse

Previously when founder Yong buys, Padini price will gradually rise over a few mths. It could be a buy signal.

But then again, Padini faces competition against establishments eg. H&M & online clothes sellers, eg. Taobao.

Will Padini bcome Parkson 2.0? Or will it continue to reach new heights, eg revenue & profits?

Interesting times ahead.

Posted by RainT > 2019-03-13 12:23 | Report Abuse

yes , undenieable that online shopping have gain much attention in current world

but for fashion , i will still prefer go to shop have touch on the fabric and try it before purchase

i believe many consumer also have the same feeling

Posted by RainT > 2019-03-13 12:26 | Report Abuse

@kelvin_ik4u

how can u take DIALOG PE 30 and compare it with PADINI ???

DIALOG is in oil service biz ...not consumer segment , the sales and profit behavior will be totally different frm PADINI

Posted by RainT > 2019-03-13 12:45 | Report Abuse

drop above 3% ...wah big sales PADINI today