gladiatorMagni should pay more dividend to shareholders and let shareholder invest them self with the dividend. Why Magni use excess cash to buy unit trusts and get tiny profit then distribute to share holders as dividend?
tecpowerValuation Magni (trading at RM5.16 yesterday) has a trailing PE of 8.4 times (based on last 4 quarters' EPS of 61.73 sen). Its last 2 years' earning CAGR was at 50%; giving the stock a PEG ratio of less than 0.2x. At this PEG ratio, Magni's valuation is still very attractive.
Technical Outlook Magni is in a long-term uptrend. The stock broke above the January 2016 high of RM4.60; signaling the continuation of the long-term uptrend.
Conclusion Based on good financial performance, attractive valuation and bullish technical outlook, Magni remains a very good stock for long-term investment.
optimus9199@tecpower: it is good if Tan Poay Seng did not sell those shares. I would be happy if he sell all the shares purchased and cause the share price to drop....buy on rumour n sell on news concept.
By the way, he may be delayed in submitting his buy/sales contracts to Bursa...who knows? too early to tell now.
tecpowerYou cannot read his intention. Of course, he may sell the stock in the future, but directors' selling can happen to every stock.
tecpowerMAGNI-TECH INDUSTRIES Fair Value 6.61 http://www.isaham.my/stock/magni
chshzhdVariation of Results against Preceding Quarter (Qtr 2-FYR 2016) Revenue for the current quarter increased by 3.3% as compared to Qtr 2-FYR 2016.
chshzhdGarment revenue improved by 3.7% mainly due to favourable foreign exchange rate
chshzhd..but was partially weighed down by lower sale orders received:(
tecpowerBut the stock is still too undervalued. The company is still on a growth path.
chshzhdusually Q3 is the strongest quarter for magni, this time lower sale orders is not a good sign :(
tecpowerNet profit increased YoY by 13.38%. Good result.
tecpowerThe stock price will be boosted by e-commerce growth in Malaysia.
ThelastoneOne smart Alex put up 100,000 shares to sell at 5.30 just now after share price touched 5.32 in low volume!!???
Saitamaboy you guys really watch share price every second...
ThelastoneHaha...when the price is up then watch lah! But when it is dropping...tutup mata and no eye see loh!
ooihk899Nike revenue drop, yesterday became worst performing stock, drop 7%.
ooihk899Hopefully Magni manage to diversity. Hopefully their capex is not base on Nike order.
tecpowerDue to its low P/E and expected e-commerce growth in Malaysia the stock is still attractive.
tjunkieummm what does e-commerce have to do with Magni?
tecpowerMagni-Tech Industries is involved in the manufacturing and sales of garments, manufacturing and distribution of inner packaging boxes, flexible plastic packaging materials and corrugated fibre-board cartons
goomanThe Oregon-based company posted earnings of $0.68 per share, representing growth of 24% year-over-year and beating the Zacks Consensus Estimate of $0.52 per share. Though revenues grew 5% year-over-year to $8.42 billion, it fell short of the Zacks Consensus Estimate of $8.44 billion.
One of the biggest factors that caused Nike's stock to drop is that the company's future orders declined by 1%, excluding the effects of currency fluctuation. Bloomberg reported that analysts had predicted a 3.4% gain. The sportswear maker forecasted single digit revenue growth for the current quarter as well. http://www.nasdaq.com/article/the-zacks-analyst-blog-highlights-nike-under-armour-and-adidas-cm764731#ixzz4cAKCBMcc
goomanBy category, apparel saw the strongest growth for Nike Brand, growing 9 percent on a currency-neutral basis to $2.3 billion. Footwear grew 7 percent on a currency-neutral basis to $5.3 billion. Equipment sales were down 7 percent on a currency-neutral basis to $321 million. https://sgbonline.com/nike-q3-boosted-by-international-gains/
huhuhu1Huge potential: Nike's strongly growing apparel + huge growth potential in the packaging segment + very low P/E