AmInvestment maintains 'hold' on Padini

KUALA LUMPUR: Padini Holdings Bhd's earnings is expected to recover in 2QFY21 due to increased sales during the year-end festivities although not as robustly as initially anticipated, says AmInvestment Bank Research.

Padini's management had briefed that footfall in the shopping malls was quiet, especially in Kuala Lumpur and Selangor during the conditional movement control order, leading to a weaker recovery.