Stock Name: PADINI
Company Name: PADINI HOLDINGS BHD
New stores and BOs drive growth. Brands Outlet (BO) sales is continuing its run at a pace of more than 25% pa, and already accounts for 16% of total sales (as at end-FY11). Double-digit growth in BO sales is expected to persist, while the addition of 10 new stores in FY12 provides further impetus for sales momentum growth over the next two years. We continue to like Padini for its decent valuations (2012 PER of 9.6x), strong balance sheet (net cash) and the reputable brands in its portfolio. Maintain Buy with a raised TP of RM1.60.
Maybank Research 20 Feb 2012
Click here for full report
Company Name: PADINI HOLDINGS BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 1.60 |
New stores and BOs drive growth. Brands Outlet (BO) sales is continuing its run at a pace of more than 25% pa, and already accounts for 16% of total sales (as at end-FY11). Double-digit growth in BO sales is expected to persist, while the addition of 10 new stores in FY12 provides further impetus for sales momentum growth over the next two years. We continue to like Padini for its decent valuations (2012 PER of 9.6x), strong balance sheet (net cash) and the reputable brands in its portfolio. Maintain Buy with a raised TP of RM1.60.
Maybank Research 20 Feb 2012
Click here for full report
I bought Padini stock in 2004. Until today I have never sold the stock. My return of investment(ROI) for 2004 stock is 424%.
ReplyDeleteI continue to buy Padini in 2009. The ROI for 2009 Padini stock is 189%. I never sold a single Padini stock. And then I continue to buy Padini in 2011. THE ROI for 2011 Padini stock is 40%.
Never sell a good stock. Please look at my blog and I will explain why Padini has strong economic fundamentals. http://malaysiaequityinvestment.com/