Padini Holdings Berhad (KLSE : 7052) - The Return to Glory Days ?

On 23 Feb, TheEdge reported Padini Holdings Bhd booked a record high quarterly net profit of RM60.89 million in the second quarter ended Dec 31, 2021 (2QFY22), boosted by the full reopening of the economy after the national Covid-19 vaccine roll-out last year.

For more details, click here.

Below is the weekly chart.

Source :

1) Metastock

2) TheEdgemarkets.com

Padini Holdings Bhd (KLSE : 7052) - Someone Ahead of Market ?

On 29 Nov, Padini announced their 1st Quarter (30 Sep) FY2019 with net profit of RM18mil. This resulted in q-o-q net profit dropped of 69% and 42% y-o-y.

The following day, 30 Nov, the share price plunged.

What is more interesting is the price action prior to the announcement.

On 12 Sep, the price action broke all S-Trader Trend Tracker support level.
Furthermore, smart money's interest on decline as price moves higher since mid-year.

Daily chart.

What do you think ?


Source :
1) Metastock

Note :
1) "Power Within Metastock"

2) S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us.