Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 3 Apr 2014

kltrader
Publish date: Thu, 03 Apr 2014, 09:22 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Padini Holdings; Buy; RM1.93
Price target: RM2.40 (Prev RM1.85); PAD MK
Accelerating expansion

Near-term earnings backed by five new store openings by end-June. Brands Outlet raking up impressive sales and margins by focusing on affordable segment. Lift FY15F-16F EPS by 3-8% after including new Brands Outlet and Padini Concept Store. Upgrade to BUY with RM2.40 TP. 

Source: HwangDBS Research - 3 Apr 2014

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1 person likes this. Showing 1 of 1 comments

benson911

Padini go go go !!!

2014-04-03 15:26

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