PADINI, the well known homegrown fashion retailer in Malaysia has just become more popular. Its share price has surge above RM1.52 this morning, thus put the stock market capital above 1 billion ringgit.
From my point of view, this is a huge milestone for the company as it may starting to get more attention from local and international funds. As a fundamentally good company, PADINI therefore may be value at P/E between 10-14 times.
Technical chart suggest that the share price took off at a faster pace than i thought. Low tide will come after the high. I think the share price may cold down a little bit in the short term.
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