Posted by zKingDB > 2013-08-15 17:03 | Report Abuse

1.7 is my worse case senario, damn..... Raya Festival / New Branch no Positive Effect on Padini Share?? Zzzz

Posted by Thong Wing Hoong > 2013-08-16 12:02 | Report Abuse

starts to rebound now!

Posted by Lance > 2013-08-16 17:08 | Report Abuse

H&M進軍大馬‧巴迪尼盈利受挫
熱股評析 2013-07-15 17:41


（吉隆坡15日訊）巴迪尼控股（PADINI，7052，主板消費品組）受瑞典服飾商H&M自去年9月起搶灘大馬所衝擊，第三季盈利已因此走疲，分析員認為2013財政年盈利持續疲軟。
MIDF研究說，巴迪尼控股首9個月淨利按年挫12.7%至6千970萬令吉，累積營運盈利賺益跌3.8%，至15.8%，顯然H＆M是可怕的競爭對手；巴迪尼不僅銷售疲軟，需花更多時間銷出貨品和賺益收窄，因此預期2013財政年淨利走跌。
馬銀行研究指出，由於缺乏佳節刺激買氣，加上第四季正值大選來臨前夕的4至6月間，消費人忙於聽政治講座無暇購物，且人們都保持謹慎情緒缺乏買氣，預測全年盈利走疲6%至8千零80萬令吉（之前預測8千580萬令吉），而第四季盈利則按年跌26%至1千110萬令吉。巴迪尼大約於8月杪公佈第四季和全年業績。

巴迪尼檳隆開分店加劇競爭
該行說，巴迪尼將在檳城與吉隆坡策略地點多開兩家商店，這將使服飾市場競爭更為劇烈，公司過去9個月已調低價格迎合群眾市場需求，預測總賺益因此受壓，2014與2015財政年毛賺益46%，相比2012財政年48%。
不過，MIDF研究認為這結構改變面臨挫折是一次過的，巴迪尼在國內商品的優勢有望使其維持市場地位，而新的因應策略為使2014財政年提供支援。反之，馬銀行研究則調低其2014財政財測3%，2015財政年財測則調高2%。
MIDF說，2014財政年上半年在檳城、美里與芙蓉開3間新的概念專店，另在上述三地和浮羅交怡開4家品牌商店，內部資金支撐達1千700萬令吉的資本開銷，並使專賣店與品牌商店分別增至29間與23間。
“專注於經營專賣店與品牌商店，促使上財政年同一店銷售分別增長15.8%與15.2%。”
該行預期2013財政年股息派發不少過30%，2012財政年過去5年平均派發25%至30%。馬銀行研究預測下財政年每股派10仙股息或派息率達69%；2013與2014財政年週息率預測分別為4.3%與5.4%，4%至5%週息率有助支撐股價飆高。

Posted by Lance > 2013-08-16 17:08 | Report Abuse

H&M~! H&M~! H&M~! H&M~! H&M~! H&M~!

Posted by shirley1 > 2013-08-16 17:18 | Report Abuse

if i understand the chinese correctly, midf still positive on padini :)

Posted by zKingDB > 2013-08-19 10:46 | Report Abuse

I Smell Rebounceee~~~~~~ ^.^

Posted by iwan1991 > 2013-08-19 12:10 | Report Abuse

correction before rebound back???

Posted by Rod Roman Riquelme > 2013-08-19 12:12 | Report Abuse

hope it will outbreak next few weeks..waiting for good news

Posted by mcwong > 2013-08-19 12:30 | Report Abuse

chng to lbs

Posted by choonhock > 2013-08-20 15:55 | Report Abuse

wow ....1.76

Posted by Midas_max > 2013-08-21 15:57 | Report Abuse

haiya...I miss the chance to collect it at 1.75 & 1.76. =(

Posted by chingsiung > 2013-08-22 11:02 | Report Abuse

now it's back to 1.75 :p

Posted by powerwk > 2013-08-23 07:39 | Report Abuse

did anyone collect more?

Posted by mcwong > 2013-08-26 11:24 | Report Abuse

what happen this counter ? no sign go up to 1.90

Posted by mcwong > 2013-08-26 11:28 | Report Abuse

12 strong in malaysia company no sign go up , only going down sign???

Posted by mcwong > 2013-08-26 11:29 | Report Abuse

few ago news report RM1220m USD 385m

Posted by Midas_max > 2013-08-27 09:46 | Report Abuse

i though i hug the bear leg, aiyah,,,is bear waist!!!

Posted by Kutty123 > 2013-08-27 09:56 | Report Abuse

is this stock undervalue?

Posted by lengjoe > 2013-08-27 10:20 | Report Abuse

Ya,undervalue.

Posted by Lance > 2013-08-27 10:30 | Report Abuse

@Momobear, Blackout: yeah... it has reached my estimated price below 1.70. In KLSE @ Boleh land, ppl can read the market....

Posted by choonhock > 2013-08-27 12:04 | Report Abuse

mega sales again!

Posted by Mcwong > 2013-08-27 12:17 | Report Abuse

Padini stock price merdeka sale .

Posted by choonhock > 2013-08-28 09:27 | Report Abuse

wah...padini lao sai!!!

Posted by midas_max > 2013-08-28 09:40 | Report Abuse

panic investor keep sale...juz now really pick cheap at 1.61. who get it realy lucky.

Posted by choonhock > 2013-08-28 09:46 | Report Abuse

See who have strong heart .... Hehe..

Posted by Mcwong > 2013-08-28 10:07 | Report Abuse

Death mati katak

Posted by kevin5059 > 2013-08-28 10:17 | Report Abuse

Provided every quarter give 2sen dividend. Then each year contributed 8sen. According to current price, 0.08/1.65=4.8%. A very good Fix Deposit rate. haha

Posted by choonhock > 2013-08-28 10:58 | Report Abuse

@kevin5059.. i suggest you buy Atrium then. Atrium give 2.2 sen per quarter. you still can get 6.4% yearly after deduct the tax.

Posted by choonhock > 2013-08-28 11:00 | Report Abuse

the calculation is based on today atrium price @rm1.22

Posted by tralala > 2013-08-28 11:12 | Report Abuse

llol.... midas.... who get it not so lucky... now also 1.61

Posted by tralala > 2013-08-28 11:15 | Report Abuse

within next few weeks will drop more... dont get me wrong, padini is still a good company, but the growth will be flattish due to intense competition and increasing cost.... unless they venture into a new country ( which they probably wont based on the current economic situation), their growth is somewhat saturated.....

Posted by Kutty123 > 2013-08-28 11:22 | Report Abuse

poverty comming soon, , business for luxury demand getting harder

Posted by tralala > 2013-08-28 11:33 | Report Abuse

lol... if poverty, where do ppl find the money to buy stocks?

Posted by midas_max > 2013-08-28 11:43 | Report Abuse

haha...bt mostly panic investor i tik they hv sale their syer. The rest holders mostly is invest (hold longer time). Recently tis price is the lowest & is undervalue based on chart that i see. For me, tis is the cheapest price that can be collect. Will it drop some more. haha... I doubt for it.
Recently investor panic throw mostly due to the red index make their heart beat unstop + panic.

Posted by choonhock > 2013-08-28 16:35 | Report Abuse

@midas_max..it is 1.66 now. untung 5cent worr

Posted by Midas_max > 2013-08-29 10:33 | Report Abuse

Good counter to invest. 2.5 sen dividend on 10 september.

Posted by Kutty123 > 2013-08-29 10:34 | Report Abuse

2.5 sen= 25 ringgit?

Posted by ipomember > 2013-08-29 10:36 | Report Abuse

@kutty
yes provided u hold 1k shares

Posted by ipomember > 2013-08-29 11:22 | Report Abuse

17. Commentary on Prospect
While the 2013 financial year had seen a year-on-year decline of about 10.4% in the size of the Group’s Profits after tax, we continue to remain optimistic of the opportunities available within the domestic market. Though there have been doubts about our ability to compete effectively with the increased competition brought about by the recent arrival of several iconic foreign brands, we have always maintained that unlike them, our advantage lies in the fact that we serve a considerably larger spectrum of market segments and over a far wider geographical distribution of the segments themselves. Indeed given our focus and understanding of the sectors that we operate in, we are confident that our prospects remain vibrant.

Posted by ipomember > 2013-08-29 11:54 | Report Abuse

WINGTAI RETAILING
(IN '000) 2008 2009 2010 2011 2012 2013 CAGR(5YRS)
REVENUE 88,320 103,091 123,682 148,080 167,734 179,140 15.19%
GROWTH RATE(%) 16.724% 19.974% 19.726% 13.273% 6.800%

The above figure shown that wingtai retailing is only grow 6.8% from FY12 to FY13. As people worry that the intensified of competition will drag down padini, it posted 8.7% of growth in revenue. As per what the mangement mentioned above(comment above), i think its still very promising.


please noted that wingtai retailing hold 45% JV in uniqlo

Posted by ipomember > 2013-08-29 12:06 | Report Abuse

despite the competition?
We understand from management that FY13’s same-storesales-growth (SSSG) for Concept Store was only 0.9% while Brands Outlet grew by 1%. Padini’s gross profit margin came in at 47% (vs. 48% in FY12).

Posted by ipomember > 2013-08-29 12:08 | Report Abuse

For this fiscal year, Padini is back on its “store expansion mode” to drive earnings further. There are five new stores in the pipeline (mixture of Concept Stores and Brands Outlets) to be opened in Langkawi, Miri and Seremban by 1HFY14F (vs. only 1 store in FY13). This is in addition to two new stores that were recently opened in Gurney Paragon.

Posted by ipomember > 2013-08-29 12:13 | Report Abuse

Operating profit before changes in working capital 149,088 159,364

Inventories 38,475 (30,178)
Receivables (2,334) (8,237)
Payables 10,499 (14,764)

Net cash generated from operations 195,728 106,185

As above
Well management on inventory as well as receivable. (less consignment sales?)

by that, with erosion of profit margin and new stores opening,

Cash and cash equivalents 206,226 137,612
Loans and borrowings 17,238 19,554
Loans and borrowings 18,726 31,219

more debts has been repaid and more cash in holding.

Posted by choonhock > 2013-08-29 15:11 | Report Abuse

next attempt...rm1.80

Posted by choonhock > 2013-08-29 16:13 | Report Abuse

No more 'ohm'? stop at 1.78?

Posted by powerwk > 2013-09-02 10:57 | Report Abuse

haha... Padini still consider one of the solid stock to hold for long term as per today. Of course we need to monitor their direction and vision. Thing change from time to time. With their strong management experience in retails and etc... Many still have strong believe they are good. It will change my view until that change :)

Posted by Midas_max > 2013-09-05 10:35 | Report Abuse

wow...reach 1.81

Posted by MCWONG > 2013-09-05 11:35 | Report Abuse

is getting up day by day.

Posted by Kutty123 > 2013-09-05 11:36 | Report Abuse

every stock have its turn to growing up..no worried..

Posted by powerwk > 2013-09-06 07:31 | Report Abuse

I feel like today it will move further to around 1.88 Just my gut feeling.... no analysis data :-) so don't use this as reference but more toward on feeling about this stock.