Friday, August 26, 2016

1336.【尼尼更有钱了,尼尼不说】- PADINI(7052)盈利YOY上升106%,全年股息11.5仙!

 PADINI(7052)的Q4一向都是淡季,但是今年却交出了历史单季新高的营业额以及盈利。从上图我们可以看到PADINI的EPS以及派息都非常出色,FY2016的派息率是55.08%。虽然明年还是具有挑战性的一年,不过PADINI应该会有能力克服障碍继续交出佳绩给股东们。
 公司的手握237.069 mil现金,总借贷69.82 mil,Net Cash有高达167.249 mil之多。手上现金多,PADINI就可以提高周息率以回馈支持它的股动们,这相信是很多投资者所盼望的。
公司全年营业额上涨33%,但是EPS却上涨了72%,Profit Margin有了显著的进步。管理层的功不可没,最难能可贵的是还派发了11.5仙的股息,比全年进步了15%。
这个季度营业额走高主要是因为马来新年 - Hari Raya Aidilfitri拉高销售,而且公司也在这个季度新开张了两家Brand outlet以及1家concept store,比去年同期多开了一家。
虽然明年将会很挑战,公司还是努力经营并尽所能做到最好以回馈股东。PADINI上市接近20年,经历几次风暴都屹立不倒。而且公司现在的现金雄厚,可以派股息也可以继续扩张生意。相信这是一家值得长期持有的高股息有种股。



以上纯属分析,买卖自负。



Harryt30
14.12p.m.
2016.08.25

5 comments:

  1. Every previous quarters had big festivals to boom its sales. Q4- hari raya, Q3- CNY, Q2- year end/Christmas. What is the booster for coming Q1?

    ReplyDelete
  2. Haha, people don't spend much during this festival, moreover government normally does not give special bonus to government servants at this time.

    ReplyDelete
    Replies
    1. But i would say PADINI still perform well during FY2016.
      FY2017 will be new challenge, see how they make the company make more money for shareholders.

      Delete
    2. One worrisome seen is that the inventories is climbing up, this has caused increase of trade payable which amounted RM170m. The cash on hand after deducted its debts and also trade payable, actually not much left. This may be why it drawdown more borrowings instead of repayment. But what can be foreseen is that it will generate another rounds of operating cash flow in coming quarters to fill up the cash pool.

      Delete

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