PADINI (7052)


Technical Analysis

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- Resistance level (1) : RM 5.310

- Resistance level (2) : RM 4.735

- RSI : Neutral

- MACD : Moderate

- PADINI breakthrough downward parallel trend with low trade volume on 09.11.2018. Thus, PADINI shares movement is very crucial in coming week (12.11.2018 - 16.11.2018)

- If it cannot sustain shares price above downward parallel trend, PADINI will have high selling pressure and continue the downward trend.

Fundamental Analysis

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- Target Price in past 3 months : RM 5.54.

- PADINI outperform other shares in consumer products & services in term of EPS & ROE

- However, PADINI PE is 1.46 time than other shares in consumer products & services indicate the shares price is in higher end and expensive.

- PADINI able to sustain 5 years revenue and profit in uptrend.

- However, moderate result of Malaysia CPI and PMI imposes a great pressure on consumer products and service sectors. PADINI will face a great difficulty to sustain good revenue and profit in futures.

Sources:

- https://klse.i3investor.com/servlets/stk/pt/7052.jsp

- https://tradingeconomics.com/malaysia/indicators

- http://www.klsescreener.com/v2/stocks/view/7052/padini-holdings-berhad

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