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