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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.
  Ichgo Korusaki 1QFY19 operating profit (+11.7% YoY). Despite lower revenue, garment’s operating profit grew by 15.4% YoY, mainly boosted by higher forex gain (RM2.9m), lower operating expenses to revenue ratio resulting from productivity improvements as well as higher income from investment in money market unit trusts. Meanwhile, the packaging division’s operating profit increased by 4.8% YoY due to higher revenue. Overall, reported net profit grew 12.4% YoY mainly due to forex gain in 1QFY19. Excluding the forex gain, core net profit slipped 3.4% YoY. On a brighter note however, core net profit margin improved by 0.3 ppts to 7.5% in 1QFY19. 05/12/2018 08:23  Alex™ Gg liao... Cash kena tipu pH gomen... Shareholder money into tabung...now shareholder eat what? Grass? 08/12/2018 09:47 Alex™ The Group will continue to focus on its core business of garment manufacturing and to achieve growth organically. Given the strong cash resources, we are well positioned to tap into strategic merger and acquisition opportunities in the same industry while not ruling out any diversification into other industries whenever opportunities arise. 08/12/2018 14:40 Alex™ The packaging segment continues to focus its marketing effort on fast moving consumables, food and beverage, pharmaceuticals and healthcare related products which enjoy higher value-added, recession proof and may also ride on higher demand due to population growth. 08/12/2018 14:40 Alex™ We maintain a cautious outlook for FYR 2019 amid these challenges. However, both the garment and packaging businesses are expected to remain profitable for FYR 2019. 08/12/2018 14:40 Alex™ The Directors will endeavor to maintain a dividend payout ratio of 35% subject to the Group’s financial performance, capex requirement and cash flow position. 08/12/2018 14:40 Alex™ Machine Upgrade - Packaging The new machineries are expected to contribute positively to packaging revenue and earnings effective FYR 2019 Our flexible plastic business unit has invested a sum of RM7.308 million (including RM1 million in FYR 2017) for acquisition of new machines 08/12/2018 14:41 Alex™ garment revenue and PBT have grown steadily recording a compound annual growth of 16.5% and 22.8% respectively over the past five years. 08/12/2018 14:42 Alex™ Investment securities ballooned from RM96.515 million to RM161.513 million largely due to additional investment in money market unit trusts. 08/12/2018 14:42 Alex™ Looking back, Group revenue and PBT have nevertheless recorded a commendable compound annual growth of 13.8% and 19.9% respectively over the past five years. 08/12/2018 14:43 Alex™ Export revenue from garment segment remained the major topline contributor which generated 90.2% and 96.1% of our group revenue and operating profit respectively for FYR 2018. 08/12/2018 14:43 Alex™ This counter tipu. Take shareholder money masuk tabung harapan and qr still can huat? 12/12/2018 18:23 makesomemoneyonly this company is damn good.. rich cash.. liability so freaking low.. just keep it for long term. 12/12/2018 22:30  yiniugongxiong MAGNI 7087 QUARTERLY REPORT 31 OCT 2018 http://yiniugongxiong.blogspot.com/2018/12/magni-7087-quarterly-report-31-oct-2018.html 13/12/2018 18:43 RainT long term theory for MAGNI will cause many ppl stuck their capital in this company high cash, low debts then how the share price just could not move up , your capital will be stuck in MAGNI , if you invest in it 13/12/2018 18:50 RainT crude oil price up and down if invest into MAGNI need consistently monitor the oil price 13/12/2018 18:51 RainT main still is garment biz packaging contribute small sales only so oil price no need monitor much 13/12/2018 18:57 apolloang BURSA GOT FUNDAMENTALS? BURSA GOT MANIPULATION,INSIDER TRADING GOT LAH....KEKEKE 17/12/2018 18:25 shahukhan Management manipulate the price to buy back at lower price. Do not be con to sell at lower price. Keep to collect dividend. Still a good fundamental company. 18/12/2018 09:55 Alex™ Yes apollo... All fundamental book can throw in dustbin d.... I enter thief ship d... Too late.. 20/12/2018 18:19 cyeec2000 Cyptocurrency has their own risk which has no forever in upward trends too.. 22/12/2018 21:03 enigmatic I believe Magni is a diamond in the rough. It will shine brightly when people realise the importance of constant dividends. 28/12/2018 13:02 LouiseS Last 5 years EPS on increasing trend, increased by 35% over last 5 years, PE ratio is 7.3, ROE 19%, and dividend yield 5.08% https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_56.html 27/01/2019 07:30 RainT MAGNI related with NIKE if you invest in MAGNI you need monitor & study NIKE sales as well major customer of MAGNI is NIKE, if NIKE sales bad, MAGNI also will be affected & vice versa 04/02/2019 22:00  |
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