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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.
  omgimnoob https://www.facebook.com/groups/576895232689179/permalink/611277619250940/ 25/06/2018 18:12 Yu_and_Mee This is very cute statement Posted by chesslim > Jun 25, 2018 05:47 PM | Report Abuse who sell magni today, they next enter price is rm6.00 above. 25/06/2018 18:20  VOS26 Regardless the recent selldown, the base is strong and will pull off current unstable market soon. Publicinvest maintains outperform. https://www.thestar.com.my/business/business-news/2018/06/25/publicinvest-maintains-outperform-on-magni-tech-on-undemanding-valuation/ 25/06/2018 18:40 Calvinharris Ofcause gave outperform TP RM6.40 because they and their investors all are bought higher price RM5.00 ++. If they give sell TP RM3.50 , they will facing huge loss. MAGNI only worth RM3.00 if coming qr. result also poor. 25/06/2018 19:32 Calvinharris Then , we sit for coming 2 qr. lol.....lol.....lol......(总统套房很“舒服”，很好“住”的） 25/06/2018 19:53 Fabien Extraordinaire In my opinion, Magni is fairly priced. PE of 8x is just about right. 25/06/2018 20:57  probability Harley-Davidson will move some production out of US after retaliatory tariffs by Nathaniel Meyersohn @CNNMoney June 25, 2018: http://money.cnn.com/2018/06/25/news/companies/harley-davidson-motorcycles-tariffs-trump/index.html Posted by probability > Jun 23, 2018 05:37 PM | Report Abuse X There are many ways to channel sales to China without originating from U.S. Trade war is Tariff on country of origin ..not the Brand Nike itself. Its two different thing. Magni can channel to Nike Europe to send to China...also why not establish its Sales centre in Malaysia itself for China Market? That would be explosive to Magnitech. Posted by newbie911 > Jun 23, 2018 05:22 PM | Report Abuse Not risky bcz nike sale will be affected with trade war? 25/06/2018 23:38 jibbie public bank analyst cant be trusted. In march they call buy TP6.40. Now trapped. So they calling others to buy 26/06/2018 08:46 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  yiniugongxiong MAGNI 7087 QUARTERLY REPORT 30 APRIL 2018 http://yiniugongxiong.blogspot.com/2018/06/magni-7087-quarterly-report-30-april.html 26/06/2018 18:56 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  |
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