Posted by kk123 > 2014-06-01 19:45 | Report Abuse

Padini is pricey
This stock not that cheap
No surprise if it drop

Posted by lching > 2014-06-01 20:12 | Report Abuse

Kk123, if u said this before the syariah issue, u r the king.

Posted by kk123 > 2014-06-01 20:34 | Report Abuse

Syariah compliant is important in Padini case as tabung haji is its main shareholder
Lembaga Tabung Haji, 21,231,500, 3.23%

Due to that many shares waiting to be dispose , Padini is a strong SELL call ..

Posted by lching > 2014-06-01 20:40 | Report Abuse

Agreed with u.

Posted by ogre > 2014-06-01 21:16 | Report Abuse

Wai Hong Chan; Syariah is not a company or person. Non-syariah compliance means the company business/counter is not recognised as halal or according to islamic rule. Now, padini nature of business (garment/apparel) is halal, but maybe the loan taken from bank for doing business or expansion is through coventional loan and not through islamic loan, then it falls under non-syariah compliance. This loan maybe the reason that i can think of, any other reason you can contact SC for answer. The effect of price drop is understandably due to individual and islamic funds dumping their shares.
For further understanding on why from syariah to non-syariah and the list is updated every 6 month, look at the famous current eg cadbury. Eventhough chocolate is halal, somehow during preparation/transportation it was contaminated and traces of porcine (pig) found in this certain batch of cadbury which rendered it to become haram for muslim consumption. If cadbury start cleaning up and ensure from production to marketing is free from contamination, then cadbury will get back the halal status.

Posted by Clayton > 2014-06-01 21:43 |

Post removed.Why?

Posted by kimchi > 2014-06-01 21:55 | Report Abuse

Hope next week drop further... Im waiting to jump in desparately... lol

Posted by kc_kc > 2014-06-01 23:19 | Report Abuse

pretty much depends on how tabung haji disposes its shares. If disposal is done via direct business transaction with identified purchaser then don't think the sell volume in market may be too heavy. For institutional investors, acquisition/ disposal of shares may not always be done through the market.

Anyway there will be 6 months for disposal to take place and do expect disposal to be gradual. Look at Parkson which was removed from the syariah compliant list in november 2013, tabung haji still continued holding shares in parkson till April 2014 as there was still announcement on change in substantial shareholding by Tabung Haji made around that time.

Posted by benson911 > 2014-06-01 23:21 | Report Abuse

Any1 know Tabung Haji entry price for Padini?

Posted by kc_kc > 2014-06-01 23:30 | Report Abuse

you will have to rely on private sources don't think such info is made public. LTH's holding is less than 5% hence not a substantial shareholders and there is no requirement to announce when it acquires/disposes (announcement may give an indication of the price using the prevaling price at that point as a benchmark)

Posted by lching > 2014-06-01 23:36 | Report Abuse

i thought only 1 month to sell.

Posted by yeapcf > 2014-06-02 00:54 | Report Abuse

waiting chance to buy this nice shares =)
goodluck guys

Posted by Ferisc > 2014-06-02 10:10 | Report Abuse

New regulation required to sell in 1 month.

Posted by Ferisc > 2014-06-02 10:12 | Report Abuse

Included public islamic fund, total disoposal share together with LTH is 30 million ++.

Posted by benson911 > 2014-06-02 10:49 | Report Abuse

That a lot man...how they going to sell that within 1 month.....

Posted by Ferisc > 2014-06-02 11:06 | Report Abuse

If disposal is arranged with defined buyer, then don't expect drastic drop in price. If it is dump via open market, we might expect high buoyancy of price.

Posted by benson911 > 2014-06-02 12:02 | Report Abuse

Din drop much yet.......

Posted by backspace > 2014-06-02 12:46 | Report Abuse

the support are crazily strong!

Posted by i3i2i1 > 2014-06-02 13:43 | Report Abuse

you mean supposed to drop but too many buyer and keep the pricing? but sell vol not really much

Posted by xn7891 > 2014-06-02 15:21 | Report Abuse

ya,strong support !!

Posted by opportunist > 2014-06-02 17:12 | Report Abuse

haiya no more 1.6+ to collect.. better sell now and collect later

Posted by kc_kc > 2014-06-02 21:11 | Report Abuse

not sure if syariah compliant institutional investors have already disposed of the shares. Trading volume since March has been far higher compare to earlier months.

Posted by calmcool > 2014-06-02 22:02 | Report Abuse

They may not dispose in open market. There are willing seller willing buyer

Posted by benson911 > 2014-06-02 23:35 | Report Abuse

Hope EPF interested in Padini, haha......

Posted by i3i2i1 > 2014-06-03 08:52 | Report Abuse

let me buy first! :)

Posted by Shark > 2014-06-03 13:11 | Report Abuse

Padini has the financial problem??
http://biz.sinchew.com.my/node/96222

Posted by benson911 > 2014-06-03 13:16 | Report Abuse

Good, pls keep dropping....

Posted by i3i2i1 > 2014-06-03 13:26 | Report Abuse

still strong

Posted by lching > 2014-06-03 13:31 | Report Abuse

Padini board of director should announces why the company is not syariah complaint.

Posted by ipomember > 2014-06-03 20:57 | Report Abuse

doesnt matter syariah or not. the most important is the business itself and the management

Posted by Stockman > 2014-06-03 21:28 | Report Abuse

With festive season coming, Padini will fly

Posted by stockoperator > 2014-06-03 21:39 | Report Abuse

It is Not difficult to predict EPS in ten years will Hit 30 cents at least. If it is trading at 13x, share price will be about Rm4 while enjoying ten years dividend.

Posted by powerwk > 2014-06-04 10:38 | Report Abuse

Financial problem and declare dividends? THINK....... hmmmm, my math really bad

Posted by powerwk > 2014-06-04 10:45 | Report Abuse

some of the article really misleading especially when they did not know much and assume most of the 9 company are the same situation. Well I don't know the answer as well.... like some of the brother if the company announce the reason.

if the 665 counter that are syariah compliance are strong in financial then so good to be listed there..... I wonder why our market still in red and at this Index point..... Again, my math are really bad.... haven't check if their performance not good compare to Padini.

Good luck!!!! Never touch Syariah listed stock or sell before they announce it, you may be trap in the next 6 months!!!! (especially for those folks that are scare this and that)

Posted by Overweight > 2014-06-04 16:42 | Report Abuse

we will back above 2 soon.

Posted by powerwk > 2014-06-04 16:55 | Report Abuse

haha..... while other pray for it to drop like no tomorrow there are some folks confidence it will back to 2 and above.

Overweight - how many lots have you accumulate during this sharp fall last week?

Posted by benson911 > 2014-06-04 17:24 | Report Abuse

Padini so strong, though to accumulate more below RM1.9 but fail......

Posted by powerwk > 2014-06-04 22:35 | Report Abuse

haha.... no one know so expect it to drop and some confidence it will up..... That stock market.... if so easy for ordinary people like us guess what the next level either up or down then no more fun in stock market and everyone will resign from what they are doing now and just buy & sell stock for living...... how wonderful would that be hehehe......

Posted by backspace > 2014-06-05 10:36 | Report Abuse

after div ex date will drop even more i suppose, those waiting to get out will get out after receive their dividend..possible?

Posted by Mcwong > 2014-06-05 10:42 | Report Abuse

Yes

Posted by powerwk > 2014-06-05 11:46 | Report Abuse

backspace - it's so easy to get that answer. Check back the past history you will find the answer :-)

Posted by benson911 > 2014-06-05 11:55 | Report Abuse

Dont worry, in long term, u still win....Check Padini FB page, u can c lot of latest update, more and more outlet opening with great promotion...........

Posted by bsngpg > 2014-06-05 13:18 | Report Abuse

I have the same concern as "backspace" bcos of the selling pressure from Islamic Fund. However I am willing to take risk in buying Padini now.

Posted by stockoperator > 2014-06-05 13:18 | Report Abuse

Let me do a simple Reverse cost of holding.

If Padini continues to give out 10 cents dividend for next ten years or RM1.00 after ten years. That means your cost of Holding will drop to just 90 cents after ten years. (RM1.90 - Rm1.00=RM0.90)

Well I cant predict the share price after ten years.

Posted by calmcool > 2014-06-05 14:55 | Report Abuse

Elliot wave - 3rd wave is in the making

Posted by bsngpg > 2014-06-05 15:19 | Report Abuse

不排队啦，吃妳1.93.

Posted by powerwk > 2014-06-05 21:10 | Report Abuse

stockoperator - your explanation only work out for folks that buy and hold for long term. I mean really long term. I only hold three years plus plus now and I can feel that :-) only hold on this counter you have that strong feel.

If buy and sell then repeat the same. They won't get you and they feel uncomfortable when share price move south.

Posted by stockoperator > 2014-06-05 22:26 | Report Abuse

Dear Powerwk: Thanks for being with me at this hour. We are here in the market to build wealth and purpose in life not for profit.

I comment earlier today that i have been buying One counter for last ten years that is called Dollar Cost Averaging which is the Only free lunch in stock investment. To be able to do that, surely Not every counter will qualify.

Just sharing. Surely i learn NOW to respect everybody investment style.

Posted by powerwk > 2014-06-06 01:27 | Report Abuse

No problem, we are here to share and give valuable comments. The less of those "buy-hit & run" the better for the counter. Pretty sure every counter will have this sort of people and we can't avoid that. Just try to educate them if they do that frequently most likely they won't make much :-) and they need more time to monitor and buy & sell it will minimum profit (ONLY if they are lucky)

Posted by TonsilBasher > 2014-06-06 07:27 | Report Abuse

you guys are not alone. I am here holding it. As long as the fundamental is sound. :). Cheers. I guess my broker wont be too happy if he hear this.:). He just wanted me to buy sell buy sell buy sell and his wallet grows fat.