Don’t stop the party Padini Holdings is a leading fashion apparel retailer through its 9 own label brands. It is expanding aggressively this year through the addition of 130,000 sq ft (+23%) to its existing space on the back of the strong performance of its Brands Outlet stores. It also recently announced a tieup with FJ Benjamin to help grow its footprint in Indonesia. Despite its strong share price performance YTD, Padini still trades a discount to the sector. We initiate with a BUY and a TP of RM2.83 which is pegged to a blended PE and PE/G based multiple.
Padini has always traded at a discount to the sector, its 5 year average PE multiple is at 8.4x compared to the 5 year sector average of 18x. In our view this was due to the company’s poor liquidity and now that this has improved, the share price deserves a re-rating which it is currently enjoying.
what lah you hooi, those are for reminders & alert. if you use TA, we just wanna alert you on MacD; pending BUY signal. but if you combine wth FA, the notes from hw)&)^ as refered. Thanks hw0706 'This is how (hw0706) we do it'.
Very confusing. Criteria for buying and selling seems to change within days. Some use FA, some TA, and some hybrid. There were even suggestions that for different counters we have to use different analysis.
hehe TA for traders, FA for mid long term investor -that's why I think and as long as company got good management share prices will take care of itself whether in bull or bear market :)
"50-day SMA = technical analysis(25%), buy / hold (50%), when to sell(25%)" Wah, very deep lah, Hooi should write a book about this... maybe can get Nobel Prize... :)
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....
hw0706
834 posts
Posted by hw0706 > 2012-08-16 10:18 | Report Abuse
STILL CAN GO UP