March 12, 2012

PADINI - Domestic retail champ

Stock Name: PADINI
Company Name: PADINI HOLDINGS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 1.75



Padini; Buy; RM1.52
Price Target: RM1.75; PAD MK

Brands Outlets to drive growth. Indonesian franchise agreement with experienced retail player a potential wild card. FY12-14F earnings raised 6-9%; higher RM1.75 TP.

Source: HwangDBS Research 12 March 2012

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