@3iii, Despite Padini's strong brand here, but surely this year's TP of RM5.50 is a bit on the high side, isn't it so?
Competition is dragging down Padini's sales, and more & more ppl purchase clothes online via Taobao, Lazada, or if brick-and-mortar shops, Uniqlo & CottonOn?
Unless Padini increases its div, it would be a bit difficult to convince the bulls to push share price until RM5.00 this year, with the markets in such bearish state.
U go to Bonia shop, the sales representative can play handphone games, u go to Padini, their representatives can’t even have time to go toilet or drink water.
Guess you may have long time never go shopping complex. I saw the one in one utama & starling are playing the same device like what you said in Bonia shop.
By the way, I quite agree what you say in principle, the staff at swatch shop are normally much busier than the one worked in Rolex outlet.
........................ omgimnoob U go to Bonia shop, the sales representative can play handphone games, u go to Padini, their representatives can’t even have time to go toilet or drink water. 02/04/2019 11:38 PM
Agree on weekdays, it’s the same. Weekends it’s different. Especially festive seasons, it’s crazy. But margin compress is the real deal. Let’s see how the management transform their capabilities into results then. So far they out perform their peers.
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Padini will continue to grow. It targets the masses, especially the Malay community, with very affordable apparels, yet delivered a gross margin of about 40%.
During economy downturn, many will flock to Padini Stores or the Brands Outlets to save.
It is a complete different ball games as compared to other more pricy premium brands or stores..
Padini is facing strong competition from online beside intense competition in the retail space like H&M, Cotton ON, LOL, Uniglo, Forever 21 etc loh........!!
Their profit cannot sustained loh....!!
Posted by regnig > Apr 16, 2019 10:39 AM | Report Abuse
Why big drop today?
Posted by regnig > Apr 16, 2019 10:39 AM | Report Abuse
you see Uniqlo fashion is different from Padini Uni is more fashion and they have 4 seasons clothes
PADINI not really fashion lo also don't have fashion clothes if expand to overseas , PADINI level is low class clothes only if go Cambodia, Arab area maybe high class if go China, HK, Korea, SG ...habis , PADINI is low class brand
the design of PADINI clothes and fashion is not up to the taste & quality yet for overseas so they dare not expand to more countries (only stick on Cambodia & Arab only)
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....
stanleysew
246 posts
Posted by stanleysew > 2019-03-14 00:20 | Report Abuse
Second wave of dropping tomorrow ? Hold tight !!