Padini earnings expected to rise 12pc
Publish date: Wed, 07 Mar 2012, 09:05 PM
Padini Holdings's earnings for this year is expected to grow by 12 per cent to an estimated RM83 million, says Amresearch Sdn Bhd.
"Earnings is expected to accelerate by 19 per cent next year," it said, adding that the bottomline would be boosted by the full-year impact of 10 new stores.
Padini has assumed five new stores each for next year and 2014, it said in a research note today.
Amresearch also said next 2013 sales would receive a further boost from the Malaysia Mega Sale from June 15 to September 2.
"We like Padini due to its strong net cash balance sheet; brands outlet and concept store are mini-anchor tenants given their potential to increase footfalls for retail malls; and potential growth in the domestic market especially in the outskirts," added the research house. -- BERNAMA
"Earnings is expected to accelerate by 19 per cent next year," it said, adding that the bottomline would be boosted by the full-year impact of 10 new stores.
Padini has assumed five new stores each for next year and 2014, it said in a research note today.
Amresearch also said next 2013 sales would receive a further boost from the Malaysia Mega Sale from June 15 to September 2.
"We like Padini due to its strong net cash balance sheet; brands outlet and concept store are mini-anchor tenants given their potential to increase footfalls for retail malls; and potential growth in the domestic market especially in the outskirts," added the research house. -- BERNAMA
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CS Tan
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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....
MalaysiaInvestor
IS Padini RM1.65 over value?
I bought Padini in 2004, and the ROI now is 491% and I didn't sell. I bought Padini again in 2009, the ROI now is 220% and I still didn't sell. I bought again in 2011, the ROI now is 58% and I still didn't sell. Never sell a good stock.
If you have invested RM128k in Padini stock in year 1998, your stock now would worth RM1.65 million now, and you would have collected RM238k of dividend. Your ROI including dividend would have been 1475%. and a CAGR around 23.63%. That is really impressive.
How should we value Padini now? Please refer to my blog. http://malaysiaequityinvestment.com/
2012-04-28 00:48