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Whenever I wan2 buy pillow/bolster/bedding accessories, there are mainly 2 strong players in d shopping malls, i.e. YOCB (Jean perry, novelle...) and Akemi. That's why they are able to sell 1 million pillows annually. In contrast, if i wan2buy clothes, i hv a lot of choices in d shopping malls. But, look at Padini. Can it breach rm3 like padini. They are in 3 major markets, namely msia, Singapore (6million ppl) and Vietnam (100million ppl). Hopefully they can gain more market in Vietnam with rising middle class
This is a well managed company. From 2017 till end of 2023, its net cash grew from rm30+million to rm155million. Every year it generates rm30 million cash flow with minimal capex till Jan it acquired singapore company which is doing very well if u follow their business. U can calculate its intrinsic value based on discounted free cash flow, then u realize how undervalued is this company
Success benefits from rising ESG awareness and increasing data center demand. It is time to reflect the true intrinsic value of the company, in term of its business, net cash and lands/properties which has not been valued for many years
Bulking division of the company is something to look foward to. profit per quarter grows from rm7million to over rm20million in 6 years. Organic growth in Port klang and new greenfield development in tanjung pelepas port are growth catalyst for the company
