Maybank has maintained its 'hold' recommendation for Padini Holdings Bhd with a fair value of RM2 as its near-term earnings outlook are largely reflected in its share price.
In a note today, the research house said that the company's favourable earnings prospects are premised on the strong sales growth of its Padini Concept Store (PCS) and Brands Outlet (BO) during the second quarter of its financial year ending June 30,2016 (Q2FY16).
“We remain upbeat on Padini's Q2FY16 and Q3FY16 sales which are seasonally stronger due to festive shopping. However, this is reflected in its current share price already, hence our 'hold' rating,” it said.
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In a note today, the research house said that the company's favourable earnings prospects are premised on the strong sales growth of its Padini Concept Store (PCS) and Brands Outlet (BO) during the second quarter of its financial year ending June 30,2016 (Q2FY16).
“We remain upbeat on Padini's Q2FY16 and Q3FY16 sales which are seasonally stronger due to festive shopping. However, this is reflected in its current share price already, hence our 'hold' rating,” it said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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