Peoples shopping at the Padini store in Paradigm Mall, Petaling Jaya - Filepic
PETALING JAYA: AmInvestment Bank Research has cut its earnings forecast for Padini Holdings Bhd
on expectations of a weak quarter ahead due to the movement control order (MCO) shutdown.
“We have cut our earnings forecast by 11% for financial year 2020 (FY20), 13% for FY21 and 16% for FY22 to account for the adverse impact of the Covid-19 pandemic, ” it said.
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