Business Overview
PDS Multinational Fashions is head quartered in Hong Kong. It is one of the largest consumer goods design, product development, sourcing, virtual manufacturing and distribution businesses in Asia.
It manages supply chain of major retailers and brands. The Company has presence in both India and abroad. As of this writing it has presence in 18 countries. It is mainly present in Asia, Europe and North America. In Asia it has significant presence in Middle East region.
On the manufacturing front it manufactures Apparels, Foot wears for leading retailers. The products are manufactured in Srilanka and Bangladesh facilities as mentioned below
- Green Smart Shirts Bangladesh
- Progress Apparels in Adamjee Bangladesh
- Progress Apparels in Ishwardi Bangladesh
- Norlanka Trinco Srilanka
As per Company website it has grown at 30% rate since inception and has crossed 1billion dollar revenue in year 2018. So Company has given exceptional returns in past on revenue growth part.
Clients base of the Company include Walmart, Zara River Island and Top shop. It serves around 190+ retailers all over the world.
Stock Performance
Above is long term price performance chart of the Stock. It got listed during start of the bull run in year 2014. The Company traded flat for next couple of years giving negative return to investors in the meantime.
However recent few years were good for the stock and it went past the listing price. It has given positive return in last five years post listing. So if someone has hold it for this long then they have made money in this counter.
My Opinion
PDS Multinational Fashions is interesting Company. It claims to be one of the leading Company but does not provide good insight into Customers of the Company.
I was not too impressed by the Company. It mainly deals with contractual manufacturing of the Textile products for leading retailers around the World. This is competitive space and lot many companies are trying to eat each other share.
There are better Companies in the textile Apparel division. So I will compare other companies in the sector with this one before making a decision. As of now this Company is not in my stock watch list.