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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.
  amet2017 A good counter like this very hard to move. Only bad fundamental company will be goreng until hangus 06/08/2020 12:33 PM warrantKing Haha , because there is risk of tokyo olympic 2021 being cancelled mah... 06/08/2020 12:33 PM Jerry no big fish come in to buy, no matter how fundamental good also no use. Now the KLCI is on an abnormal trend. good or not good is traders said, not fundamental said. This trend will eventually end but dunno when. As of now is follow trend and earn fast money then cabut. 22/08/2020 11:08 AM amet2017 Yes only operator in control. Q sell block slowly going down. From 2.10, 2.08 now they block at 2.06 24/08/2020 12:00 PM kyy_superinvestor Internal new said that magni is venturing into glove manufacturing... 27/08/2020 10:21 PM scholez18 Read company announcement. I believe it's renewal of authority from shareholders to buyback up to 10% outstanding shares. 27/08/2020 11:26 PM tuapuikia Magni no need to venture into glove, the company is doing good all the while 28/08/2020 8:34 AM Bao2lai Really unexpected.. drop 13% revenue consider less. wanted to collect more share at much lower selling price seems challenging. 08/09/2020 8:58 PM chesslim MCO time also hv this Q result, Magni is very good company and management. 08/09/2020 9:28 PM lcng123 Nike posted loss result in latest QR. Magni's latest QR consider excellent. 08/09/2020 10:57 PM kasim Magni-Tech Industries Bhd's net profit for the first quarter ended July 31, 2020 (1QFY21) fell 12.3% to RM26.76 million from RM30.51 million a year earlier, as revenue dropped 10.8% to RM291.99 million from RM327.33 million 09/09/2020 9:58 AM kasim The garment maker, which is also involved in the manufacturing and sale of flexible plastic packaging goods and corrugated cartons, said its financial performance for the quarter was considered "fairly satisfactory" given the pandemic-driven sharp economic contraction that had significantly impacted practically all business sectors across the globe 09/09/2020 9:58 AM kasim Its garment segment, which contributed to over 90% of the group's revenue in 1QFY21, recorded an 11.4% drop in revenue to RM268.14 million. The segment is its main income-generating segment and accounted for 95.2% of the group's profit from operations 09/09/2020 9:58 AM kasim The lower revenue, on top of lower investment income, resulted in lower profit before tax (PBT) for its garment segment, which fell 14.1% to RM33.33 million 09/09/2020 9:58 AM kasim Its packaging segment, however, recorded a 32% rise in PBT — despite a 2.9% slip in revenue to RM23.85 million on lower sale orders — thanks to lower raw material costs. 09/09/2020 9:59 AM kasim Magni-Tech expects its operating environment for the rest of FY21 to be challenging given the yet-to-abate Covid-19 pandemic, and uncertainties about the pace of economic and business recovery. 09/09/2020 9:59 AM cbkia4896 K not bad today. I still hold la. If drop somemore back to less than 2.1 can top up and wait it fly next quarter 09/09/2020 5:06 PM speakup https://www.thestar.com.my/business/business-news/2020/09/09/magni-tech-sells-land-for-rm22mil if magni give out 3sen special dividend, speakup will buy back 09/09/2020 10:19 PM  Michael Kwok We are asking investor to accumulate this stocks below rm 1.80.This stocks seem to have profit which do not match by prices.Let see about it. 10/09/2020 3:32 PM  James Ng https://klse.i3investor.com/blogs/general/2020-09-13-story-h1513467081.jsp [转贴] [MAGNI-TECH INDUSTRIES BHD：Covid-19大流行中的急剧经济萎缩，实际上已严重影响了全球所有商业领域] - James的股票投资James Share Investing 13/09/2020 10:47 AM cbkia4896 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3087954 They buying back themselves so chill la brotha can hold and wait grow 14/09/2020 6:19 PM LongTermInvestor8 O&G Recovery, which stock to invest? Once vaccine is out, O&G will be one of the next industry to rally. Invest now. https://klse.i3investor.com/blogs/ndcg/2020-08-28-story-h1511677632-Serba_Dinamik_40_Upside_Hidden_Gem.jsp 17/09/2020 7:37 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
