|
| |
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.
  apple168 Let’s recap this sick Magni company. 1. Global issue: US trade war with China/ Euro/ India/ Turkey. 95% of garment produced by Magni is Nike. Nike is US company and definitely taxed deeply by China/ Euro/ India/ Turkey. Many other competitive garments in the market offering cheaper price with good quality. Pasar malam selling non original Nike at RM 10 only. Nike will definitely lose customer, and hence drop in profit if trade war escalate and market goes into recession. 2. Malaysia and Vietnam issue: both countries are heading to increase basic salary for staff. This will reduce Magni profit margin. Till now, management yet to give a concrete plan to settle this issue. 3. Exchange rate: Tun Mahathir said he will peg ringgit to US at 3.8. Not 4. Even no pegging, USD outlook is bearish. We will see stronger ringgit soon. This will hurt Magni profit margin too. 4. Magni company: a drop in 30% revenue and crash of 50% profit are not good signs for Magni. This result should be far better to prepare garment for World Cup 2018. In fact, it is disappointing! 5. Donation: Magni donated few million cash to PH government in the middle economic downturn is not a wise move. Cash is very important for a healthy company. 6. Insider: Magni insiders stopped buying Magni shares for months. They are the best persons knowing the company status. They are far better than kyy, who is construction expert rather than garment expert. Things are not looking good for Magni. Magni is sick. TP 2. DO NOT CATCH THE FALLING KNIFE. Good Luck. 26/06/2018 09:45  James Ng https://klse.i3investor.com/blogs/general/162765.jsp [转贴] [MAGNI-TECH INDUSTRIES BHD，在市场动荡不定的情况下将面临挑战] - James的股票投资James Share Investing 26/06/2018 11:23 stevenwongg When you think is will drop below 3 but til 4 it's already up back to 6 hahaha 26/06/2018 14:29 newages00 buy buy buy! public bank TP about at least 50% gain from current price. kakaka.... 02/07/2018 09:22  VOS26 https://politicalreporter.net/2018/06/29/nike-shares-surge-to-record-high-after-sales-top-estimates-and-retailer-sees-return-to-growth-in-us/ Nike shares surge to record high after sales top estimates and retailer sees ‘return to growth’ in US 02/07/2018 10:50 kyy_superinvestor This chesslim just like sohai ..keep repeating post the same thing... boh sien meh 28/07/2018 21:45 VOS26 DIVIDEND coming end of month. At least something to be happy about. Hopefully not lesser. 27/08/2018 10:10 lcng123 vietnamese dong and ringgit depreciated vs usd since apr this year will benefit to pohuat export. looking forward good result in next quarter 31/08/2018 12:38 thenextwave https://www.businessinsider.my/nike-colin-kaepernick-ad-sparks-boycott-2018-9/?r=US&IR=T 10/09/2018 14:18 oxxxyxxx Good profit good dividend .. u never make me disappointed .. I love u Magni !!! 12/09/2018 18:27 oxxxyxxx still go down ? it only pe8 every quarter give dividend . almost 5% a year no debt company with cash 2oo+m still got better than this in bursa ? 12/09/2018 22:48  yiniugongxiong MAGNI 7087 QUARTERLY REPORT 31 JULY 2018 http://yiniugongxiong.blogspot.com/2018/09/magni-7087-quarterly-report-30-july-2018.html 13/09/2018 19:03  |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
