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Overview
Financial Highlight
Headlines
Business 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.
  Starship2 Price drop could be due to reports that Nike commented on situation in Xingiang and fear that some people boycott its products. I feel this may affect Nike business in China where it has more than 100 factories. But since Magni does not esport its stuff to China, I feel its sales may not be affected very much.Hope a clearer picture on this emerges soon. 25/03/2021 4:18 PM rojakmee its a good thing on the boycott , more sales coming to Magni while less for China nike factories 26/03/2021 10:21 AM  Felixck This boycott happened quite frequently... Long term investor take opportunity to accumulate. Cheer 26/03/2021 10:27 AM dchin472 https://www.chinapress.com.my/20210326/%E5%A6%82%E6%9E%9C%E8%80%90%E5%85%8B%E7%8E%B0%E5%9C%A8%E5%87%8F%E4%BB%B7-45%E4%B8%AD%E5%9B%BD%E7%BD%91%E5%8F%8B%E8%AF%B4%EF%BC%9A%E4%BC%9A%E4%B9%B0/ 26/03/2021 12:52 PM apple168 US-China conflict ever escalating... without China market, Nike will suffer huge loss! Many Nike retail outlets closed down in many countries... be careful guys... 26/03/2021 2:00 PM Steven Tan Magni is very vulnerable to Nike's recent move in China. Although Magni does not export to China, but its main revenue contributor is Nike. If you read its annual report carefully, most of the garment-related revenue is from Nike. If Nike is affected, so does Magni. Better run now before the conflicts become worse. 26/03/2021 4:12 PM Starship2 Based fortune.com, "A quarter of China's sportswear production is idle, the result of global brands moving production because of the U.S.-China trade war". This is old news before the current controversy of cotton from Xingiang. I wonder whether this new development is a positive for Magni... 28/03/2021 5:33 PM satt1984 https://www.chinapress.com.my/?p=2451574 hello is this the way to show boycott aka buy more..nike is major sponsor of winter olympic for next year so impossible for them to banned. 28/03/2021 10:04 PM apple168 https://markets.businessinsider.com/news/stocks/nike-stock-price-china-boycott-cotton-xinjiang-uyghurs-weibo-beijing-2021-3-1030246063 29/03/2021 6:40 AM rojakmee its a good thing for magni, with boycott of xinjinag cotton which most garment factories in china used, there will be increase in Magni sales 29/03/2021 8:02 AM Starship2 Nike may take a hit because of their many factories in China. But global demand for Magni's products would still be there. But wonder where they souce their cotton from. Some stats show that the US is the largest producer followed by countries like India. 30/03/2021 3:59 PM rojakmee the PE will even get better in the coming qtr, waiting for RM3+ New994 the Normal PE around 10 and now only around 8 02/04/2021 11:04 AM 02/04/2021 2:10 PM rojakmee https://klse.i3investor.com/blogs/kianweiaritcles/2021-04-08-story-h1563219968-Myanmar_crisis_sounds_death_knell_for_garment_industry_jobs_and_hope.jsp 08/04/2021 3:50 PM rojakmee the news above has positive effect on Magni, sure order will be full in the coming qtr 08/04/2021 3:51 PM Booyeah https://jawplace.com/quarterly-result-review-10-magni-tech-industries-berhad-7087-value-vs-growth-why-not-both/ 17/04/2021 1:17 PM legend0105 With rising commodity prices (Cotton up by 6%, paper/lumber up 64%), how do you guys reckon these will affect magnitech results in the coming quarters? Any info on if they do hedging? 25/05/2021 12:02 PM Booyeah https://jawplace.com/quarterly-result-review-10-magni-tech-industries-berhad-7087-value-vs-growth-why-not-both/ 31/05/2021 11:56 PM 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  |
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