Some insiders knew that EPF's Milo tin is going to be emptied soon, so they sell all out before the wave hitting the shore. Please don't panic! the market will eventually recovered after 2025. You can, of course, choose to be the frog in heating water. Enjoy watch the price dropping day by day.
Coming quarter result for sure very terrible, so the price keep going down for past few months until it hit rm2 and start to rebound. Perhaps invester expect future quarter will be good and start to collect.
Expect the retail environment in Malaysia and the world to be difficult in 2020 and likely 2021 following the COVID-19 outbreak. 4Q20 (ending June 31st 2020) should be particularly challenging as Malaysia was placed under full MCO for most of the quarter, with non-essential retail shops shut down, foot traffic wiped out and supply chains severely affected. Forecasting a conservative adjusted EPS of 12 sen for FY20 as expect Padini to slide into the red for 4Q20.
Just look at the price target, the latest price target is around 2.15 to 2.36 , last quarter they put target price 2.8 still people didn't buy, now this new price target might not also last long, the downtrend will continue.
PE ratio now 20, coming quarters will drag the pe ratio even higher if price remains around the current price.
I believe there's no need to rush and buy yet, just wait and accumulate slowly on the way down.
H&M beat expectation: positive read for apparel sector in general
RBC analyst Richard Chamberlain, with a 'sector perform' rating on H&M, said H&M's profit improvement augured well.
"We think most of this can be sustained going forward and expect consensus profit before tax upgrades for 2021-22 in the range of 5-10% following today. We also think this is a positive read for the apparel sector in general, eg, (Primark owner) ABF (L:ABF), Inditex and Next ," he said
Padini Holdings Berhad regrets to confirm that on October 05, 2020, one of our staff has tested positive for COVID-19 at Brands Outlet (Lot CF05 & CF07, Concourse, Paradigm Mall, Jalan SS7/26a, SS7, 47301, Petaling Jaya, Selangor) and the patient is now receiving medical attention. In line with the Health Ministry’s guidelines our actions are to: • perform contact tracing • temporarily close the said outlet to mitigate the risk of infection. • the outlet will undergo a thorough sanitisation and deep cleaning process. • arrange our staff in the outlet to be screened and undergo mandatory fourteen (14) days of self-isolation as a precautionary measure. The safety and health of the team members and shoppers remains our priority. As such, all the information regarding Covid-19 shall be shared quickly and accurately. We apologise for the inconveniences caused. For further enquiries, please contact Card & Customers Relations Department (CCR) at ccr@padini.com or 03-5021-0600.
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....
tstan100
73 posts
Posted by tstan100 > 2020-08-04 21:55 | Report Abuse
Some insiders knew that EPF's Milo tin is going to be emptied soon, so they sell all out before the wave hitting the shore. Please don't panic! the market will eventually recovered after 2025.
You can, of course, choose to be the frog in heating water. Enjoy watch the price dropping day by day.