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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.
  Davidtan4896 Just read from news Nike store & factory in China need to be close down due to corona virus, order of China might shift to Magni 05/02/2020 4:30 PM remus order shift to Magni, or Nike will cut orders since half the outlets in China is closed now?! 14/02/2020 12:11 PM VSLSB @remus - You have to check Nike online sales in China. But I feel online sales would not be able to cover the closures of physical stores in China. Even if production shifted, you have to contend with no demand. It would be interesting how things will pan out. 17/02/2020 1:43 PM macOS Magni-Tech (Magni) posted a 17.8% YoY revenue growth to RM301.3m for 2QFY20, while its net profit jumped by 28.7% YoY to RM29.9m, mainly attributable to promising sales contributions from the garment segment and lower operating costs incurred. After stripping-out foreign exchange gains of RM2.7m, Magni’s cumulative 1HFY20 core net profit is at RM57.6m, broadly in-line with our expectations at 46.4% of our full year estimates. We leave our earnings unchanged as 3Q is a seasonally stronger one. Moving forward, we believe the higher capacity from its 2-phase expansion plan will enable Magni to fulfill more orders from its single major customer. We reiterate our Outperform call on Magni with an unchanged SOP-based TP of RM2.91. Separately, Magni declared a higher DPS of 2.5 sen (2QFY19: 1.875 sen). 2QFY20 Revenue (+17.8% YoY). Garment segment revenue, Magni’s largest contributor, jumped by 21.9% YoY to RM277.2m due to higher sales orders received, a direct consequence of trade diversions from US customers. On the flip side, packaging segment revenue fell by 14.7% to RM24.1m as sales orders fell. 2QFY20 Profit Before Tax (+25.3% YoY). Garment-based PBT grew by 27.9% YoY, mainly boosted by better operational efficiencies at its manufacturing plants in Vietnam, higher foreign exchange gains (2QFY20: RM2.6m vs 2QFY19: RM2m) and higher investment-related income. Packaging division’s PBT was lower in tandem with the lower sales orders received meanwhile. Going forward. Magni will be one of the major beneficiaries from the US China trade dispute as its major US customer diverts its orders away from China to Vietnam and other garment manufacturers in the ASEAN region. Furthermore, 2020 will be a major sporting year with the UEFA European Championships and Tokyo Olympics expected to fuel the growing demand for sportswear. We are optimistic that Magni will be able to ride this oncoming wave. Source: PublicInvest Research 17/02/2020 3:04 PM VSLSB @macOS - Very unlikely to achieve such valuations. Market adopting wait and see approach to gauge the intensity of Covid-19 impact. Some investors are opting risk off approach to consumers related to chinese demand. 22/02/2020 2:55 PM chonghai I am reducing my position in Magni. Market is assuming that the COVID-19 outbreak has no negative effect on MAGNI, which is a bit too optimistic. However, I still expect Magni to post good result in the upcoming quarterly report in March 22/02/2020 5:30 PM VSLSB @Chonghai - trade war doesn't scare you but this does? Usually dividend players would hold out unless there are big changes in business strategies or the company's dividend policy. Plus talking about valuation, i think its safe to say that market is starting to price it Covid-19 impact albeit slowly. 23/02/2020 12:40 AM VSLSB @lcng123 - Its because people are dumping RM assets due to the uncertainty. It should hover around RM4.15 per USD. 24/02/2020 12:50 PM chonghai @VSLSB Actually trade war is positive to Magni. China is a big market for NIKE but sales growth of NIKE in China is Robust. On the other hand, some garment orders are moving out of China, so positive to Magni. COVID-19 however, caused a large quantity of China city on lockdown and income of people affected. Sales in China will be slow for at least first half of this year. I will come back to Magni later. 29/02/2020 10:25 PM KPH5328 https://www.businessinsider.sg/wall-street-commentary-on-new-nike-ceo-john-donahoe-ecommerce-2019-10/?r=US&IR=T Could online sales offset or cushion potential sales drop due to Nike's outlets closure by China & Europe? 04/03/2020 9:33 AM prince4 Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom.. 06/03/2020 3:58 PM  enigmatic ¯\_(ツ)_/¯ https://www.isaham.my/screener/value-investing https://www.isaham.my/screener/magic-formula-investing 10/03/2020 11:41 PM  James Ng https://klse.i3investor.com/blogs/general/2020-03-11-story-h1484804290.jsp [转贴] [MAGNI-TECH INDUSTRIES BHD：收到更高的销售订单] - James的股票投资James Share Investing 11/03/2020 9:46 AM Jengacam https://www.nst.com.my/world/world/2020/03/574881/nike-close-stores-over-covid-19-fears GG 15/03/2020 10:00 PM apple168 Covid 19, all NBA basketball matches suspended... no one buy Nike clothes... inventory piles up and facing wear and tear issue... workers quarantine at home, no one working in factory, production on hold, no profit... 18/03/2020 5:13 PM tah16600 Those got bullets shd take this golden opportunity to buy cheap quality stock. Two wks ago selling ard Rm 2.50 now below Rm 1.30 .Fire sales. Closed eyes buy, u won't be wrong 19/03/2020 3:41 PM apple168 Most nike shops closed down due to covid 19. All basketball matches cancelled. No one buying Nike cloth! 22/03/2020 11:19 AM apple168 You buy at 1.3, magni drop to 0.5, then up to 1.0, you paper loss 30%. We buy at 0.5, magni jump to 1.0, earning 100%. Smart investors will know this is not right time and right price to buy! 22/03/2020 11:22 AM Tan Kim Tiam https://www.bbc.com/sport/athletics/52002474 "Tokyo 2020: Olympics to be postponed until 2021, says IOC member" 24/03/2020 9:34 AM  geary Limit Up...DJ...Bought...!!! https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html 24/03/2020 7:21 PM KPH5328 https://finance.yahoo.com/news/nike-leaps-11-results-suggest-140018572.html Magni should be doing good in next quarter if there is no concern on raw material 26/03/2020 8:29 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
