Padini Holdings Berhad is a Malaysia-based investment marketing essay
Introduction: In Malaysia, Padini becomes the standout brand in the most famous giant shopping mall. This brand is also the most successful brand I come across, Padini Holdings Berhad is a Malaysian based investment holding company. The company offers clothing, shoes and fashion accessories in a wide range. Padini Holdings Berhad is a Malaysia-based investment holding company. The company offers clothing, shoes and fashion accessories in a wide range. Padini Holdings Berhad is a Malaysia-based investment holding company that sells men's and women's footwear and accessories, clothing, complementary products, children's clothing, maternity wear and accessories where goods are sold. mainly exported to Asian countries. Padini and Vincci are the most prominent brands. For example, Padini Holdings Berhad KLSE: PADINI's share price has clearly achieved the best returns in the market over the past three years. 005, excluding dividends · - Padini Holdings says profits attributable to owners have fallen. ringgit in the fiscal first quarter ended September 30. ringgit a year ago. Earnings per share fell. Padini plans to close non-performing stores in FY24. Currently, a smaller part of the store is loss-making. In FY23, Padini had a local net expansion store, but gross floor area decreased, 362k sf 387k sf. We believe that closing underperforming stores last year was cost-effective. This will increase promotional efforts and expand the range of value-for-money products in a weaker retail market. We refine our FY24F net profit and reduce our TP, from RM5.80 to RM5.65, but maintain our OUTPERFORM call. In line. PADINI's FY earnings met both our forecast and consensus estimate.