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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.
  rojakmee Vietnam's garment export up 15 pct in 5 months - Xinhua | English.news.cn http://www.xinhuanet.com/english/asiapacific/2021-06/03/c_139986608.htm 14/06/2021 7:58 PM rojakmee selling land & building in penang, money for expansion in Vietnam I think .... TP 3.5 just hold 17/06/2021 11:22 AM rojakmee Why need to sell when they are already cash rich with 350m in the bank , this is surely for business expansion in Vietnam , TP RM3.5 20/06/2021 9:08 PM kens88 what are the odds nike drop magni as supplier? since malaysia always got forced labour issue? 23/06/2021 7:46 PM petnch2020 kens88, Magni main operation is actually in Vietnam. They have 10 factories located mostly in Ho Chi Minh area with a total combined of 13,600 line workers. Most of the workers in Vietnam are locals. The 2 factories in Penang are relatively small compared to those in Vietnam. So i don't think they have issues with forced labour. 23/06/2021 10:04 PM wallstreetrookie Pretty decent still in these trying times. However, still neutral on Magni 23/06/2021 10:11 PM Begineer Is anyone aware of the plan for JV in indonesia? https://klse.i3investor.com/servlets/ptres/60046.jsp 24/06/2021 7:03 PM New994 Look st Nike qr yesterday, there are more rooms to grow for this magni to grow 25/06/2021 2:39 PM milosh undervalued, read here: https://miloshtrading.blogspot.com/2021/06/magni-tech-nike-proxy.html 28/06/2021 10:27 AM Najib Zamry Magni is a must have in one portfolios due to strong fundamentals, solid management and huge cash in hand. 28/06/2021 8:42 PM Foker Lol, if Nike Dai Lou not happy kick Magni from gang, next minute become bankrupt 29/06/2021 2:04 AM Foker U guys better learn how to suck up to Nike Dai Lou before thinking about investing In Magni Sai Lou 29/06/2021 2:05 AM New994 This is the question shareholders have been asking magni for decade. "what if Nike choose not to give magni order" yet we see magni have been growing and growing. Think before u invest in any stock. :) 29/06/2021 4:40 PM KPH5328 https://www.voanews.com/covid-19-pandemic/vietnam-announces-lockdown-vaccination-goals two-week lockdown on movement in Ho Chi Minh City Any impact to Magni? 14/07/2021 7:55 AM petnch2020 From my understanding, factories can still operate but with strict SOP. Its not total lockdown like the one we are facing in Selangor. The recent movement control will last 15 days from 9 July to 24 July. Most of the factories in Ho Chi Minh are still in operation during the MCO but with lower capacity. Those that are forced to close are factories that have direct covid cases but government will allow them to reopen once they set up covid prevention and containment measures. 14/07/2021 10:41 AM apple168 Ppl all run away from factories! Guess the invisible operating the factories now… 14/07/2021 11:24 AM scholez18 Taking recent 2020 net profit at 118 mil, at PE 8x, we'd get price per share price of 2.17 - very close to current price now. Adding a huge net cash 334 mil, (per share of 0.77), MAGNI's price should be 2.17 + 0.77 = 2.94 at minimum. If you assume PE 10x, it would be even higher. Assuming MAGNI, continues to distribute 35% of profits for dividend, that's 4% dividend yield on current price of 2.20. Without even counting growth in the next 2-3 years (note that MAGNI has grown its earnings by 22% CAGR past 10 years and 8% pa past 5 years), assuming MAGNI takes 3 years to reach 2.94 price, holding MAGNI at 2.20 today would give you return of 14.5% return per annum, inclusive of the 4% dividend yield each year. This is real investing at works. 12/08/2021 12:14 PM vcpmaster123 dont be silly guys....the covid 19 situations in vietnam is already priced in to magni share price now....if vietnam situation is good, magni would already marched into 2.80 to 3.00....now is the time to buy not sell...accumulate slowly. 26/08/2021 7:08 AM investortrader88 https://www.thestar.com.my/business/business-news/2021/08/30/foreign-buying-on-bursa-surges-to-rm96433mil-last-week 30/08/2021 4:31 PM investortrader88 Top 25 shareholders own 78.92% of Magni-Tech Industries Berhad Poay Tan 23.99% Kp Holdings Sdn. Bhd. 13.1% Kok Tan 10.41% Siyasi Sdn. Bhd. 6.65% FMR LLC 4.52% Eastspring Investments (Singapore) Limited 3.24% Yuit Eow Lee 3.12% Public Mutual Berhad 3.05% Poay Tan 1.94% Employees Provident Fund of Malaysia 1.42% Ai Ling Tan 1.02% Cheok H'ng 0.8% Bank Negara Malaysia National Trust Fund 0.78% Bank Julius Bär & Co Ltd., Asset Management Arm 0.69% Norges Bank Investment Management 0.61% Ee Ling Tan 0.46% South Island Holdings Sdn. Bhd. 0.45% Man Hong Wong 0.43% BNY Mellon Asset Management 0.38% Dimensional Fund Advisors L.P. 0.38% Chuen Chang 0.37% Lim Chuan 0.33% South Island Development Company Sdn. Berhad 0.32% Kok Aun Tan 0.3% Hong Leong Asset Management Bhd 0.16% 30/08/2021 10:47 PM apple168 https://technews.tw/2021/08/30/vietnam-lockdown-impact-cloth-and-coffee-industry/ 05/09/2021 9:13 PM chesslim what happen ? why no dividend, want to give 1 time capital repayment RM 0.50 ? 15/09/2021 4:38 PM ykloh Magni is not alone. All counters with manufacturing plants in Vietnam will be negatively impacted by lock down due to covid 19, such as HL Ind, Latitute which have yet to report for June 30. 15/09/2021 7:25 PM Begineer ya, i agree. Not a bad result considering the lockdown was started in Jun. 1.5 months 15/09/2021 10:11 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
