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Overview
Financial Highlight
HeadlinesBusiness Background Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in manufacture and sales of garments. In addition, the company also manufactures and distribute flexible plastic and corrugated packaging products. The company is organised into two business segments namely Manufacturing and sales of packaging materials and Manufacturing and sales of garments. The group operates in Malaysia for manufacturing and sales of packaging materials and garments and in Vietnam for manufacturing and sales of garments. Manufacturing and sales of garments segment contribute majorly in the company's revenue.
  LongTermInvestment Okay then my team will sell hibiscus tmr and avoid hibiscus at all cost for now. Thanks. 24/03/2019 10:34 PM LongTermInvestment Chill.. He jz want to hit and run.. Magni net cash with good fundamental. M 26/03/2019 7:52 PM  YAPSS Day 26 of Fundamental Daily, YAPSS will be covering Magni-Tech Industries Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #FundamentalDaily #MagniTechIndustriesBerhad Click the on the link below to find out more: https://youtu.be/-QDcvm6J2Bg 29/03/2019 5:45 PM apple168 Long term investment, Hibiscus up up up. You miss the opportunity to earn extra if you hv sold it. 06/04/2019 3:49 PM LongTermInvestment Hi apple168, indeed I have sold it with decent profit. The extra leave it for you and your team to earn. Cheers! :) 06/04/2019 4:11 PM warrantKing USD strengthen again MYR again. Hope this and coming factory can contribute a better profit 11/04/2019 9:41 PM MrPotato88 It’s fundamental is strong with no debt, reported increasing earning in 3 consecutive quarters, PE less than 10, new plant to commence this year, potential catalyst from 2020 Olympic...is now the time to enter ?? 13/04/2019 1:35 PM dnlt Average PE for the past 5 years should be 8.x times. In 2015, it hit the max 10.x before came crashing down. Posted by wakarimas > Mar 31, 2019 5:58 PM | Report Abuse anyone know magni previous PE value around how much? 20/04/2019 3:14 PM klchai123 Magni: Financial yr ended 31/4/2019 should record much better profit after tax of about 110 million compared with about 90 million in 2018. ROE about 20% with uptrend. PE below 8 times. Dividend yield above 5% and is expected to improve based on existing price level. US dollar strengthen lately and should favor Magni. Holding a lot of cash with no bank borrowings. Total cash plus money mkt funds amounted to 250 million. Vietnamese operation is much favoured in view of US-China trade war. Price should break 5.50 in near future 19/05/2019 12:12 PM apple168 China government is stirring up the anti USA products such as McD, KFC, apple, Nike etc...good luck! 21/05/2019 6:18 PM klchai123 China manufacture garments and shoes for exports to USA, including branded ones under franchise. with high tariffs, cost up and less competitive compare with those manufactured in Vietnam. 22/05/2019 4:53 AM klchai123 USA does not export shoes and garments to China. it's China that need to export. Therefore, Magni is a beneficiary. 22/05/2019 4:56 AM klchai123 https://www.scmp.com/week-asia/geopolitics/article/3010733/spoils-trade-war-asias-winners-and-losers-us-china-clash 22/05/2019 7:01 AM LongTermInvestment I think that's why the owner and directors keep collecting recently. 22/05/2019 12:34 PM warrantKing Yes, because all CHINA product is taxed heavily . Vietnam factory Magni will be beneficiary. 25/05/2019 10:07 PM KPH5328 current good points: 1. Nike market share in China is growing (double digits) 2. Potential beneficiary due to Trade war 3. Expansion in Vietnam on track, phase 2 will begin in mid 2019 11/06/2019 9:22 AM Duncan Invest Excel file for overview of Magni> http://evassmat.com/QiUi (For own use only) 12/06/2019 2:32 AM apple168 10 reasons not to buy Magni:- 1. Ringgit continues to strengthen against US dollar 2. Raising labor cost 3. Raising material cost 4. China sports brand Companies are Nike Strong competitors (Li Ning, Xtep, Kbird, 361 and many others) which sell good quality branded garments at cheaper price. The trend now prefers China products compared to US products for instance HuaWei outbeat Apple. 5. US vs China Trade war (what will happen if China increases Nike garment tax and boycotting Nike-US products; it hits apple, Tesla...) 6. Only produce Nike garment (Depends on Nike sales) 7. Current magni share price of 5.00 is 56% premium from magni NTA price (more premium than Maybank! What a joke!) 8. Many of retailers prefer to buy pirated Nike products and sell to consumers at affordable price. 9. Magni shares has low liquidity risk 10. Trading Markets flavors construction related shares compared to garments. Current theme is construction! Good Luck! 12/06/2019 11:38 AM LongTermInvestment How do you know many buy at 4.5? How about 4.8? Able to provide stats please? 12/06/2019 12:16 PM apple168 If you are Chinese, more so you should boycott Nike and hence magni! Do not support US product! 12/06/2019 5:44 PM dnlt apple168, I am not going to rebut your 10 points and will leave to readers to think about them logically. There is only 1 reason why I didn't increase my holdings in MAGNI and I am surprised that you left it out in your "10 reasons not to buy Magni" list. The key risk in MAGNI is customer concentration risk. The management is of course well aware of it as well. Hopefully that is something that can be addressed soon. 13/06/2019 8:05 AM chonghai apple168, 8,9,10 from your reasons are real joke. If your investment is based on NTA, good luck. Let's see 3 years from now, what will be Magni's dividend. The reason why Magni liquidity is so low is because ppl like us are buying Magni, we don't care about share price and we don't even bother about selling as long as the dividend is decent. You want liquidity, go play EKOVEST and BUMI Armada. 13/06/2019 8:13 AM cyeec2000 The garments cheaper productions costs would be lower in Vietnam, nike still need to outsource the products from cheaper source. 13/06/2019 9:13 AM KSLI Oil jumps more than 3% on reports of tanker incident in the Gulf of Oman off Iran coast 13/06/2019 4:05 PM  |
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