[%uYcY%] 
Research by MIDF
Buy – TP of MYR 4.30

“On the Right Track” 

We recently attended Padini’s virtual briefing and maintain an optimistic outlook on the company's future. Key highlights are as follows:- Sales breakdown across regions and product categories. Malaysia outlets contributed the highest revenue in 9MFY24 (95.3%), followed by own-managed overseas outlets (2.4%), overseas franchise sales (1%), Malaysia consignment (0.5%), and e-commerce (0.5%). Within Malaysia outlets, ladies' categories were the largest contributors (44%). Kids' categories contribution increased by +1ppt yoy to 16%, while men's categories decreased by -1ppt yoy to 40%

Analyst(s):
Genevieve Ng Pei Fen
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$KLSE-PADINI 
Research by MIDF
Buy – TP of MYR 4.30

“On the Right Track” 

We recently attended Padini’s virtual briefing and maintain an optimistic outlook on the company's future. Key highlights are as follows:- Sales breakdown across regions and product categories. Malaysia outlets contributed the highest revenue in 9MFY24 (95.3%), followed by own-managed overseas outlets (2.4%), overseas franchise sales (1%), Malaysia consignment (0.5%), and e-commerce (0.5%). Within Malaysia outlets, ladies' categories were the largest contributors (44%). Kids' categories contribution increased by +1ppt yoy to 16%, while men's categories decreased by -1ppt yoy to 40%

Analyst(s):
Genevieve Ng Pei Fen
genevieve.ng@midf.com.my