Padini earnings analysis
$PADINI(7052.MY$ Padini's latest earnings report is out! The latest financial report shows that his revenue and net profit have declined sharply. Revenue and net profit reached RM388.2 mil and RM26.7 mil, and profit margin reached 6.9%. Net profit decreased by 45.4% compared to the same period last year. Compared to the previous quarter, this is a decrease of 53.5%. The main reason is due to rising selling & distribution costs and employee costs.
Padini Q1 usually has one of the weakest seasons, mainly because there aren't many festivals from June to September. Management said the retail business continues to face challenges as rising costs, trade tensions, and rising inflation and interest rates may lead to a decline in purchasing power. However, supply chain issues, material costs, and freight costs seem to have stabilized.
After December 1, Malaysia began opening visa-free access to Chinese tourists, which may help the retail industry. Currently, Padini's PE is 12.31 times, and a dividend of 2.5 sen will also be distributed on December 29 this year. There aren't many highlights in the earnings report. We'll keep watching.
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生财有道致力于全方位成长投资。邱天雄老师曾是上市公司主要媒体的CEO领导，拥有超过20年的投资经验。主要投资美国，中国和大马。
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