KUALA LUMPUR: Maybank Investment Bank Research has reiterated its Buy call on Padini as the valuations remain inexpensive at 14.5 times FY20 estimated price-to-earnings ratio (PER) while earnings could have potentially bottomed in the financial year ended June 30,2019 (FY19).
It said in its research note on Thursday this was notwithstanding its single-digit year-on-year earnings growth forecasts due to fewer new stores.
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