SPOT ON..exactly what I am thinking
their management is considered good in cost control as I noticed too...

personally, I believe their biggest competitor is top shop and a quite new competitor from australia called cotton on .

and Yes, Vincci is their main earning weapon.. i know it cause I used to go there quite often (with my ex LoL)
From the cost side of the business,the cotton price will have impact on the business.
But personally ,I believe the business's intrinsic value still growing at sufficient rate in my conservative calculation.
but the I still working on it too..still doing some analysis for it's contingent liabilities, from cost side (cotton) and their growing strategy.

BTW, what do you meant by double digit return? in terms growing of company's profit?revenue? or ROE? or share price???

it is still at discount compared to my valuation, of course I hope can enter lower price, but I just use lower averaging method as I have zero knowledge to predict where the share price are going..

I am still looking at Padini. In fact, I indirectly have interest in it thru ICAP.

Yes cotton price is a concern. In fact they have admittedly said they aren't usually the first mover to increase their product prices. This shows they do not have enough pricing power over their products. However, i think cotton price will stabilize when it hit the sweet balance spot in the long term. But i dunno how much. I have listen to CNBC commentary one day. Looks like the commodities guys are doing the oil dirty trick. There isn't really short of supply. Mainly are speculative. But that's for cocoa, not sure bout cotton.

ONE thing to note though, Padini biggest revenue contributor are from Vincci. And I have seen its ability to attract even the LV-fan ladies. So it is a powerful brand. Their business...just take a weekend walk to MidValley you'll see. But, premium Vincci+ dun quite make the cut.

Another thing I like about it, is how the management is working on its cost control. The move to all of them in one Padini concept store will reduce rental cost. Although I m not sure how it'll affect Vincci sales. Their move to focus on higher margin Brands Outlet might cushion the cotton pressure a little bit in short term.

Nevertheless, fashion retail industry is a tough one. Big guys could take advantage of current cotton price hike to squeeze out their competitors. Old dirty trick. Padini biggest competitors from what I could see are from the likes of Espirit, Topshop and Gap. Prices of their products are far higher. So there is still a little room for price rise. If I were Padini, I'll do it after CNY. Sales will slow down during after that anyway. That'll allow consumer to slowly settle with the new price.

Paidini did say double digit return next FY onwards will be difficult. I am taking a more conservative entry price of RM0.83 after 20% margin of error to my valuation.



Just my sharing. What do you think?

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The Fool Investor

SPOT ON..exactly what I am thinking
their management is considered good in cost control as I noticed too...

personally, I believe their biggest competitor is top shop and a quite new competitor from australia called cotton on .

and Yes, Vincci is their main earning weapon.. i know it cause I used to go there quite often (with my ex LoL)
From the cost side of the business,the cotton price will have impact on the business.
But personally ,I believe the business's intrinsic value still growing at sufficient rate in my conservative calculation.
but the I still working on it too..still doing some analysis for it's contingent liabilities, from cost side (cotton) and their growing strategy.

BTW, what do you meant by double digit return? in terms growing of company's profit?revenue? or ROE? or share price???

it is still at discount compared to my valuation, of course I hope can enter lower price, but I just use lower averaging method as I have zero knowledge to predict where the share price are going..

Hing Yiap - privatization...
will Padini be the next??

Hing Yiap - privatization...
will Padini be the next??

Any sifu here! Padini from 5rm ++ now just 1.XX ++

Any idea ! can get some? long term or short term?

Please advice.

Thanks. 

Dude this company just underwent share spilt RM0.50 to RM0.10. It does not mean the share is cheaper just means you got more share 5x more

Dude this company just underwent share spilt RM0.50 to RM0.10. It does not mean the share is cheaper just means you got more share 5x more

Any sifu here! Padini from 5rm ++ now just 1.XX ++

Any idea ! can get some? long term or short term?

Please advice.

Thanks. 

Padini price converted to RM1.XX is due to Share split.

My opinion on it is more on long term investment , by the way, what is your definition of short or long term in duration sense ?

Padini good to hold !! I bought at RM1.10 then sold off at RM1.30 ~~
Then collec again at RM1.10 !! 

im thinking to going in too and hold for long term.... XD ... should go in @ 1.05 ... damn .. now 1.12 edi ..

Padini good to hold !! I bought at RM1.10 then sold off at RM1.30 ~~
Then collec again at RM1.10 !! 

Padini 1 to 5 share split news here: http://klse.i3investor.com/jsp/incl/anndet.jsp?aid=50408

Also check out its price target news here: http://klse.i3investor.com/servlets/ptg/7052.jsp

Volume not big, effect lesser..

COLLECT AT LOW PRICE !!

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Added on February 25, 2011, 4:13 pmALOT PPL THROW PADINI SHARES !!

but look at the TP from OSK... is 1.01!!! what the.....