Highlights
KLSE: MAGNI (7087)       MAGNI-TECH INDUSTRIES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
5.76   +0.05 (0.88%)  5.74 - 5.85  406,100
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  6 people like this.
 
godhand not downtrend la. no growth, stagnant. everything will peak
13/12/2017 10:57
Up_down Magni's major selling point was its growth story....but now it has vanished so must turn back to face the reality... There are many good examples recently...
13/12/2017 11:10
Victor Tan Magni is a fantastic counter and now it is a good time to collect.... agree with chess that fair value for this counter is at rm 8. Historical CAGR is at 17% with strong free cash flow, consistent earnings and zero debts. This is just a temporary setback. Nike will continue to grow and Magni will too.
13/12/2017 11:19
apple168 Not collecting enough.. please throw lower..
13/12/2017 11:23
apolloang hahaha....5.00 is coming and not 8.00
13/12/2017 11:31
PlsGiveBonus You know how Bitcoin billionaires are made? During the last crypto boom.
You know how warren Buffett become billions? During the last stock market boom.
You want to be rich like them? Don't buy their dump.
:)
13/12/2017 11:55
PlsGiveBonus Success cannot copy
All the useless formula used to calculate valuation is as outdated as current banking system that never updated their windows XP to windows 10
And they hardly work, when they don't work, investors will be blamed for using the wrong formula.
:D
13/12/2017 12:00
tealeaf im waiting below 5 to collect more.... hiak hiak hiak
13/12/2017 12:01
PlsGiveBonus The true meaning of intelligence is the ability to adapt to the change as quickly as possible.
It is not about how much you know, not who you know, not where you are.
13/12/2017 12:06
ks5S This counter worth 2.50 only
13/12/2017 12:09
Jon Choivo This is so wrong and so inaccurate on so many levels.

Just tell me then, what's the intrinsic value of bitcoin and how you calculate it.

I'll make a bet with you. 10 years from now, bitcoin value will be less than 5k.


Posted by PlsGiveBonus > Dec 13, 2017 11:55 AM | Report Abuse

You know how Bitcoin billionaires are made? During the last crypto boom.
You know how warren Buffett become billions? During the last stock market boom.
You want to be rich like them? Don't buy their dump.
:)
13/12/2017 12:12
PlsGiveBonus Why Bitcoin is cheap compare to stock market?

Reason number one : cryptocurrency, the next big thing after the Internet boom in y2k, is only valued at 400B to date, compare to paper gold, which valued at over 10 trillions dollar. Compare to many tech stock in NASDAQ, APPL inc $881B, FB $512B, AMZN $561B.
13/12/2017 12:15
PlsGiveBonus Don't be surprise value investors will start to invent creative, colorful and catchy valuation or intrinsic value on Bitcoin, this is their job to tell people to buy their useless dump.
:)
13/12/2017 12:25
PlsGiveBonus 'Dean of Valuation' Believes Cryptocurrencies Are Replacing Gold

Aswath Damodaran, a professor of finance at New York University's Stern School of Business, is widely respected as an expert in valuing companies, so much so that he has been dubbed the "dean of valuation" by the finance industry. Thus, when he makes a prediction about a major financial matter, he tends to draw a great deal of attention from those interested in the investment potential his statements might suggest.

Now, Damodaran revealed in an interview with CNBC that he believes digital currencies will reach an equal level of importance to traditional paper currencies. He also feels cryptocurrencies have already replaced gold among a younger sect of investors.

Cryptocurrencies Supplant Lack of Trust in Gold

When asked why digital currencies like Bitcoin and Ethereum have taken the place of gold for some investors, Damodaran said "all currency is...based on trust. If you don't trust paper currency, historically what you've done is, you dumped paper currencies [and] you bought gold. Cryptocurrencies have taken the role of gold at least for younger investors because they don't trust paper currencies."

The numbers suggest Damodaran is correct: digital currency prices have surged throughout the year, with Ethereum up more than 24 times by the middle of this week, and Bitcoin up nearly 150%. And those levels aren't even the peaks, as the two leading digital currencies actually reached higher records earlier in the year before dipping somewhat.

Damodaran Defends Virtual Currencies

Damodaran defended digital currencies against skeptics who may be inclined to portray the mining process that generates the coins as a misallocation of resources like electricity or computing power.

"If you think about it, the print presses that run paper currencies. It's kind of a useless transaction," he said. "You're just printing paper. In a sense, all currency creation, it's not creating real economic growth by itself. The only reason currencies exist is for us to transact...if a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies. Whether it is one of the existing cryptocurrencies, I don't know."

Damodaran holds a great deal of sway when it comes to valuation and general opinions about the state of the financial world. He now joins a growing list of major financial players and institutions that are increasingly trusting that digital currencies will be an era-defining technological innovation. As this is new territory for the finance world, the exact way in which the growth of the cryptocurrency industry will play out remains to be seen.
13/12/2017 12:27
13/12/2017 12:28
jibbie sell. dont look like the next 2 quarter results would be good either.
13/12/2017 13:24
fkser Run
13/12/2017 13:45
Jona0724 assume 2018 EPS = 48, current price p/e only 11.58. better after panic sell just buy back
13/12/2017 14:24
apolloang I heard that when magni is trading at above 7.00.....haha. I think below 5.00 is a more realistic price
13/12/2017 14:31
shuyin rm 4 is good price, wait there
13/12/2017 17:26
chonghai 5 maybe
4 I doubt
13/12/2017 17:30
Fabien Extraordinaire what is Magni's forward P/E?

what is their fair P/E?
13/12/2017 18:06
ESPESP I bought back Magni today at RM5.6 on 2 reason.

1) Q4 is a good month as it is full of holiday worldwide. For me, i believe sales will go back up during this period. Please see back last few year trend

2) A share that give you EPS of 12 - 15 cent consistently is hard to find. FYI, Padini is giving EPS of only 5 cent and share price is similar to Magni.

I did not ask you all to sai lang, if you all buy, u all are buying at your own risk.
Thanks.

Stockwatch ESP
13/12/2017 18:21
apple168 Padini PE 22, Magni PE 11 as for now. Magni share price should be at least 10 for PE 22 same bar as Padini.
13/12/2017 18:21
ESPESP I did not say Magni price should be RM10.
I believe Padini is overvalue.

For Magni, my estimation would be around RM6.5 to RM7.

Thanks.
ESP
13/12/2017 18:24
apple168 Buying now with estimated profit at least 1.0 to 1.5 (30% profits).
13/12/2017 18:28
Jon Choivo All your points essentially tell me bitcoin is actually close to worthless.

Blockchain technology will change everything, but bitcoin on its own is worthless.

Right now, the blockchain survives because people are willing to mine. By mining, this keeps the chain updated.

However, why would people keep mining, if the number of coins that can be mined keeps dropping? Only one reason will keep them there, that the value of the coins keep going up.

Except, past a certain value, you will want to move your money elsewhere.

If tmr, the RM gain so strongly versus the USD that its 1:1.Obviously, everyone is going to move their money to the USD, because they know fundamentally, the real value for the USD is much higher than the RM.

When will people decide to move money out of bitcoin? USD20k, USD30k, USD 40K? I have no idea, all i know is, in economics, things that you think will happen take longer than you think it will, and when it happens, it will happen faster than you think it would.

Oil price drop from USD140 per barrel to USD27 in less than a year, now its USD 60. Whats the real value?

The second bit. Currently they say 80% of the coins is held by 1000 people. Most of them are probably miners. Now if the value of the coins does not go up fast enough to cover the increasing electrical cost, these people are not going to mine anymore. However, they also know that if they stop mining, the block chain will stop working. Rendering their coins valueless.

So they will start to sell, which is a reinforcing feedback loop, as the prices drop and recovery comes slow, more and more people want to sell, resulting in what is ultimately a crash.

Except this time, so many people will properly kena. Since people now in venezuela, phillipines etc are stupid enough to do transactions in these coins and keep their life savings there.

Bitcoin if you look at the news, started the year as a gamble, now, people think its an asset class, soon, they will think of it as gold. When they think of it as gold, you know well and truly the bubble is at its peak.

Because when its a gamble, you wont put much money, but when you think it is gold, you will put all your money in.

The reason why people buy bitcoin now is due to the strong quantitative easing done by the ECB and Federal Reserve. Causing asset prices everywhere to go up and interest rates to go down.

When interest rates are negative or less than 1%, the pricing of assets and risk go haywire, things you normally expect 10% return from, now you only expect 5%.

And if you're reaching for yield is this low yield condition, you do 2 things, leverage up or reach towards exotic investments like PE or bitcoin in this case.

Don't worry about it, bitcoin is not the crash. Bitcoin is the spark, the wood for the crash is the sheer amount of debt that is held by all the governments in the world.


Posted by PlsGiveBonus > Dec 13, 2017 12:27 PM | Report Abuse

'Dean of Valuation' Believes Cryptocurrencies Are Replacing Gold

Aswath Damodaran, a professor of finance at New York University's Stern School of Business, is widely respected as an expert in valuing companies, so much so that he has been dubbed the "dean of valuation" by the finance industry. Thus, when he makes a prediction about a major financial matter, he tends to draw a great deal of attention from those interested in the investment potential his statements might suggest.

Bla Bla Bla
13/12/2017 18:46
apolloang after down sure got some technical rebound,then later down again just like other stocks
13/12/2017 21:06
Yu_and_Mee bye bye
13/12/2017 21:46
PlsGiveBonus Please read the article twice, I believe you trying to be ignorance.

Bitcoin is replacing "GOLD" just as what the professor has to say, people willing to pay 7 trillions worth of dollar for GOLD, they are gonna pay 7 trillions of dollar to Bitcoin too, this is the value people are gonna pay for.

If you don't own Bitcoin(GOLD), you will be poor in the next decade.
:)
13/12/2017 22:15
CKNGCKI3 "If you don't own Bitcoin(GOLD), you will be poor in the next decade"

The most ridiculous statement of the year !!

Pls share your products at the right channel !! This is for Magni counter and not related to Bitcoin !!
13/12/2017 22:48
PlsGiveBonus Yes... You will be very poor, holding your useless paper money that is backed by nothing, and paper stock that is backed by worthless paper money, and worthless companies that are heavily insolvent finally they will need to default itself, we will soon need to have a transition from paper money to digital money... A complete economy restructuring... You don't want to change, you will be left behind and poor to nothing.
13/12/2017 23:41
apolloang u tell kyy,otb or warren buffet to invest in bitcoins lah.....haha
13/12/2017 23:53
ks5S selling non-stop everyday
like that drop, can touch 2.50
14/12/2017 09:10
CKNGCKI3 such an idiot ! u are saying that Bitcoin is the only way to get rich ?? how come I don't see anyone in the Top 50 richest became rich due to bitcoin ?? not even top 1,000 !!
14/12/2017 13:37
PlsGiveBonus Yes. All SME, all business in KLCI will bankrupt, just paying GST alone, until they no longer solvent, you invest in this sunset KLCI market, the whole market is sunset, not some business only, all will go bankrupt, doomsday is near for KLCI.
You cannot avoid two thing in life: death and tax.
:)
14/12/2017 14:10
omgimnoob Tq for your valuable information. Somehow Your GST theory is a bit different from ctim one. >.<
14/12/2017 14:20
xiaoxiami tell this to nestle then
ROFL
14/12/2017 16:57
chonghai Future of Bitcoin , I have no clue.
Promoter of Bitcoin in this page, I see no class.
14/12/2017 17:42
windyang Just bought magni at 5.6 as suggested by ESP sifu... hopefully can enjoying the ride till 8.0
14/12/2017 18:24
shareinvestor88 Buy or sell ?
14/12/2017 18:30
apple168 Pls sell it lower.. I hvnt collected enough.. just one day already shot up to 5.71..
14/12/2017 19:43
shareinvestor88 Really sell ??
14/12/2017 20:52
PlsGiveBonus Yes, you know what is the first thing I want to do after I recoup all my loss in this useless market?
I am going to tell whole village, write memoir, write book, give speech to disclose this dirty little secret.
:)
14/12/2017 23:47
WiseVictor After hold this counter for long time, finally I decided to sell out everything.Half sold at 7+, a bit at 6+ and remaining 5+.. Magni is still a good counter, wish you guys good luck =)
15/12/2017 09:55
apple168 Dam.. shot up like no other day..
15/12/2017 11:27
PlsGiveBonus Bitcoin going to 20k soon
Not going to wait for anyone.
15/12/2017 12:05
windyang Thank you very much ESP, Apple, victor sifu for your guidance. Seeing profits just one day of investment. Cheers...
15/12/2017 18:51
PlsGiveBonus KLCI is legalized Ponzi scheme where
1. Bank make the toilet paper to sell
2. Public buy all the toilet paper at whatever price.

Everyone like Ponzi.
:)
15/12/2017 19:21
zaizaiRM18 RUNNNN
17/12/2017 11:53


 

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