Exchange 20 sessions MYR 1 964 754 Avg. The company earned the rest of its revenue from the domestic market. Padini had similarly overestimated its sales for the Hari Raya promotions this year.
The company earned the rest of its revenue from the domestic market.
Recently, I visited one of its outlets in Klang Valley on a weekend. Padini Holdings Berhad began its business in 1971 and was listed in Malaysia in 1998. The company also received about RM16.
NextNonetheless, a strong recovery is expected in CY22F, as pent-up demand is expected to drive footfall and ticket size.
Padini is taking time in developing its website and mobile app, the latter of which is scheduled for release this year. However, in the long run, this company will still be fine since it has zero debt and cash amounting to RM517.
NextHowever, in the long run, this company will still be fine since it has zero debt and cash amounting to RM517.
Its overseas venture will likely remain relatively insignificant in the near future. Revenue remained sluggish amid the COVID-19 pandemic and declined 24. Exchange 20 sessions USD 451 004 Average Daily Capital Traded 0,09%.
NextLatest Post: Wed, 27 Apr 2022, 12:00 AM An official blog in I3investor to publish research reports provided by AmInvest research team.
We base our fair value on a PER of 16x CY22F EPS.
NextTA Securities Holdings Bhd analyst Jeff Lye Zhen Xiong in a recent report said the group has shut down several underperforming outlets and is looking to write down inventory in the short term, as gathered during an analyst briefing.
The company may be hit by introduced by the Malaysian government for financial year 2022 depending on the trajectory of its recovery. Due to the pandemic, Padini expanded its online presence aggressively across social media and e-commerce platforms such as Facebook, Shopee, and Lazada.
Executive director Andrew Yong Tze How shared that Padini focuses on the overall growth of the company and wants to provide an omnichannel shopping experience to customers whereby they can buy clothes online and do exchanges in stores.
Net profit excluding other income plummeted 69. Revenue per Square Foot 2020 2021 Malaysia RM866 RM714 Cambodia RM803 RM557 Thailand RM1,025 RM685 Source: 2021 Padini AGM presentation slides 6. That particular outlet was packed with shoppers.
NextThe number of self-managed stores dropped from 152 in 2020 to 141 in 2021..
The click-and-mortar strategy will remain in place in the future. Most of the self-managed stores are concentrated in Malaysia.
Concept Store Malaysia is having their Clearance Sale.