real or not? everytime sold at highest price, buy at lowest price, 2.08 only have 50 lots transaction, maybe you very lucky or ecm always queue their cilent at first? :l
When we gamble in the stock market, we have to be skeptical. I have never heard of anybody who can consistently buy the lowest and sell at the highest. This is even beyond luck. Anybody would have doubt on this type of feat. If one doesn't question this type of achievement, he doesn't use his brain to think. No, I am not saying this guy bluff. It is just f'king incredible.
That 'big investors disposing Padini shares' is not my concern. My concern is whether Padini can fend off assault from H&M and Uniqlo. If it reports good earning, eventually big investors will come back.
The Board of Directors of Padini Holdings Berhad (“the Company”) wishes to announce that the Company intends to seek the approval of its shareholders to undertake the following proposals at the forthcoming Annual General Meeting to be convened:
1. Proposed Share Buy-Back; and
2. Proposed Amendments of Articles of Association .
A Circular to Shareholders containing the information on the above proposals will be despatched to the shareholders in due course.
is there anyone would like to share what is the impact?
I don't believe the company will buyback its own shares for 2 reasons. 1. Historically, this company has never bought back its own shares. 2. If this company didn't buyback its own shares earlier this year when the price was around 1.5X, why would the company buyback its shares now at 2.0X?
Padini’s share price has corrected by 10% since our downgrade from strong buy to NEUTRAL on 30 Aug 2012. The stock seems more attractive now, especially it appears to be one of the major beneficiaries of Budget 2013. However, we believe this serves more like a short-term catalyst, instead of long term re-rating catalyst as we remain concern on discretionary spending post 13GE. Hence, we upgrade Padini from neutral to TRADING BUY with unchanged TP of RM2.34, based on 13x 12-month forward P/E. Our TP implies 11.4% capital upside, underpinned by a net yield of 3.8% for FY13.
Due to the changed retail landscape, earnings risk may be significant for Padini, particularly in the Klang Valley. As such, we have taken down our forward estimates on earnings. Share price is expected to oscillate around the current level until the market has fully digested the potential impact of H&M. On the flipside, Padini being geographically well-diversified nationwide could be able to offset the slowdown in spending within the Klang Valley and limit the downside risk.We re-affirm our HOLD recommendation on Padini Holdings, with a lower fair value of RM2.00/share vs. RM2.57/share previously
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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....
stock5678
531 posts
Posted by stock5678 > 2012-10-19 15:53 | Report Abuse
Huayang can buy