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.
SystemworksFor the earlier question, this counter dropped at 2.60 because the quarterly profit was below expectation. Price had jumped from 2.40 to 2.60 the day before in expectation. This price subsequently reset back to the 2.35 range.
From there, it gradually traced lower because of the overall market sentiment. It is not just this counter but the market dropping amidst market uncertainty, Covid and political issues. Nothing wrong with the company, just macro forces at play.
Hold and ride it out, or cut and watch. Your choice.
yorkyorkBiden, speaking on a Westwood One Sports radio programme broadcast on Sunday during halftime of the Super Bowl, said he hoped the Games would take place, mainly for the sake of the athletes who have trained so hard for them. Now the 5 rings in Tokyo is lights up. light at the end of the pandemic tunnel"
