Padini in for improved earnings

Strategic tie-up: Since November 2019, Padini has embarked on a two-year collaboration with Disney to sell Disney-theme apparels.

KUALA LUMPUR: Padini Holdings Bhd is expected to post better earnings for the second quarter of its financial year 2020 as it benefited from year-end sales as well as its new Disney-theme apparel line, says Kenanga Research.

The research house reiterated its “outperform” call on Padini with a target price of RM4.