Guys, just pay a visit to the padini outlets last week at Penang Paragon. What I will say is Padini outlets sales does really impacted by the H&M. However, I still see queue in the Padini outlet for the fitting room and counters. On top of that, never forget the Brand Outlets. After I see the business in the brand outlets, I decided to buy more Padini Share before it is too late.
Excerpt from annual report 2013: "While an additional Brands Outlet store and two stores for our new Tizio label were opened, we also closed a Padini Concept Store in Kota Kinabalu together with four other single-brand stores in the Peninsula."
Competition is healthy and I won't be too concerned because this a fundamentally good company. If price drops below RM 1.70, I'll buy again!
Stay at current price for consolidation are good for long term. It's also give people a break to decide to cash out some money or continue to stay support Padini growth on long run.
do you all think that the price is stay at around 1.75 to 1.77. can't go further up. will share price drop again on end of feb when they announce dividen?
Well no one dare to stay at what price a counter will stay and for how long. Even if they do all are just estimate or base or some technical chart and data. Unless you are the one that control the price.
But in long term Padini share price will break RM2 and then RM2.2.... When will that happen by end of January or February? I don't know. If I know I will be millionaire and retire now :-)
Many ppl keep throwing huge today. Keep pushing down guys. I got my cash ready if you manage to push below 1.70.
Q2 Quarter Report coming out end of Feb, Q2 comprised of Christmas Sales and Year end sales.
Then Q3 report in end of May. Comprised of Chinese New Year Sales. Q2 and Q3 are normally the quarter Padini making the most profit. Buy now before it is too late. Go to the mall looking at the people queueing to pay at Padini and Brands Outlet. Plus 2.5sen each quarter dividend which representing 5.7% DY each year according to today price. Not to mentioned the special dividend which add up to 6.6% DY.
To speakup - even with that I still far from a major shareholder. If that happen one day then something is going on behind the scene. I'm not as rich as other I just a normal working group.
The FV for this counter is around 1.75 currently. I don think it will go further up until the next quarter result. Q2 and Q3 are normally Padini strongest quarters. So just hold and wait guys.
I also get some 1.71 and 1.72 today, n average down my cost to 1.752, if tomorrow it open low below 1.70, will buy some more...think this is better than airasia...
I still have good trust with Padini when it's 1.75 and below. good dividend coming up in one month time (approximately 5 weeks). Previously got 1.8k dividend. this time with 2 sen, will be around RM 900.
I'm accumulating on daily basis if it go lowest and weekly basis if it's RM 1.75 and below.
hope the true investors have patient to wait for the upcoming recovery of market which estimate to be in June 2014 (mostly people are active in Q2 of the year)
Yes Padini will be having a good year in VISIT MALAYSIA YEAR 2014 & YEAR OF FESTIVAL 2015
Recently I paid I visit to JPO for shopping with my son.
These are the positive for PADINI
1) Padini has an edge in fitting for Asian people. Most imported shirts are of larger size made for Americans. Padini Slim Sized Shirts Fit Asian Bodies Perfectly. Others are too big and baggy
2) Padini has Brand Name With Designer Trend
3) Padini Prices Are Very Competitive.
As Such The Crowd Gravitates To Padini like bees to honey.
More so for Extra 28 Million Tourists This Year.
Conclusion: Padini Should Be Doing Very Well.
Both myself and my son bought shirts from Padini. VALUE FOR MONEY!
Benson911, well. I won't speculate or tell you how great the earnings is. but for my record, when visiting the stores, I see by believing it especially you see the people lining up everywhere for clothing and fashion owned by Padini.
I'm not an accountant that work in Padini so I can't guarantee you any financial results and earnings. So my own purchase are purely trusting the company performance and continuous dividends.
P/s: the company has not been practicing its share buyback like other company to "create" an image to the public like Parkson.
@sjneoh1986 year end show only reflect on Q1 and Q2 report. :D sure will be good, currently I got news from brokers stating that the foreign funds are retreating and dumping share.
@powerek, thanks for the complement, but I was able to sell and earn from Padini and reinvest back to Padini. Recalling all my post that I sold at 1.80 bought at 1.61-1.7 and resold at 1.80 and rebought again... ? :D
I'm holding all this stocks as my FD (ofcourse Japanese Yen as well) so... ya.... high dividend stock is what I'm looking at.
can't wait for the upcoming dividend in Feb. going to buy more on Padini on Monday to queue from 1.65 to 1.70. :p
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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....
kevin5059
933 posts
Posted by kevin5059 > 2014-01-09 10:29 | Report Abuse
Guys, just pay a visit to the padini outlets last week at Penang Paragon. What I will say is Padini outlets sales does really impacted by the H&M. However, I still see queue in the Padini outlet for the fitting room and counters. On top of that, never forget the Brand Outlets. After I see the business in the brand outlets, I decided to buy more Padini Share before it is too late.