Last Price Today's Change   Day's Range   Trading Volume
2.41   -0.05 (2.03%)  2.39 - 2.45  394,900
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  7 people like this.
techlee229 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).
17/12/2019 1:50 PM
KPH5328 https://finance.yahoo.com/news/nike-looks-unstoppable-in-2020-as-air-jordan-11-bred-is-re-released-193420626.html
18/12/2019 8:16 AM
Abba84 kph532 ...this article will silenced all critics on magni tech as nike supplier ..Most anaylsts were upbeat on its performnce qtr tommrow.
18/12/2019 12:40 PM
William Ng Air asia x?
18/12/2019 6:24 PM
lcng123 Market forecast Nike Q2 result will up 12% from a year ago. If so then Magni share price will up on Friday.
18/12/2019 11:45 PM
lcng123 Nike share price hits USD100 today, 1 day before announce Q2 result
18/12/2019 11:53 PM
lcng123 USD100 is historical high record.
19/12/2019 12:01 AM
gemfinder Nike oredi past usd100
19/12/2019 7:21 AM
Abba84 good signs good QTR tnight
19/12/2019 12:16 PM
gemfinder Nike result top analyst estimate but investor disapoint.. mayb they expect blow,out result
20/12/2019 7:20 AM
lcng123 Such a good result still disappointed? YoY revenue and net profit up 10% and 32% (QoQ down 3% and 18%)

Once again Apple168 made a wrong estimation. US-China War trade doesn't affected Nike business in China

China market posted revenue YoY up 20% and QoQ up 10%. Profit before tax YoY up 24% and QoQ up 4%.

The overall Nike Q2 result should be positive to Magni. Magni coming Q3 result should be good too due to high inventory
20/12/2019 7:46 AM
KPH5328 Thanks for the summary lcong123
20/12/2019 9:03 AM
lcng123 Nike share price broke historical record again but Magni share price didn't move today
20/12/2019 9:13 AM
William Ng This is for long terms, and much more better then reits
27/12/2019 10:49 PM
xiaozhiyong Hopefully, magni wont up too much in next month because im waiting for my salary and sailang in this share gege.
28/12/2019 8:36 PM
William Ng @xiaozhiyong, this counter noneed sailang, every month buy a bit can liao
02/01/2020 12:42 PM
Abba84 Magni goes back n forth wthin .. 2.8.
2.5 is firmed wth meagre volume.needs good volune to break abve 2.8
03/01/2020 12:57 PM
slts myr < 2.10, bad for export stocks
always one day show only
03/01/2020 6:32 PM
apple168 Those who tell you to buy share and keep for long term are bullsh*ting. Only one or two out of near thousand listed companies in Malaysia could sustain increasing profitability for > 20 years...
04/01/2020 8:12 AM
shareinvestor88 Dear Apple168 which stock you recommend ?
04/01/2020 4:10 PM
lcng123 I invested in Magni since 2013 at price RM1.32 and in the period of these 7 years (although not > 20 years) I enjoyed RM1.39 dividend (from 2013:13sen to 2019:27sen) and bonus 1:2 in year 2015 and bonus 1:3 and share split in year 2019. For me, Magni is a good investment.
04/01/2020 6:57 PM
Rotiboy Hello, newbie here!!! Wanna ask when is the reasonable price to buy?
06/01/2020 5:18 PM
ibex2929 Applexx8, don’t use your own opinion to judge other investment decisions. If a stock is performing extremely well, no harm to hold it for many year.
06/01/2020 6:14 PM
matrix6050 well done lcng123
07/01/2020 10:30 AM
lcng123 I did worried Magni's business very depend on NIke at the beginning, but now I believe Magni has built a very strong relationship and partnership with Nike. Nike-Magni win win relationship.
07/01/2020 10:45 AM
gongkia the worry on Nike has been going on for like 100 years.
08/01/2020 3:34 PM
William Ng only apple168 keep on say magni no good no matter what...
11/01/2020 12:07 AM
w m wai no matter what you said.this is a very good share.
13/01/2020 8:18 AM
w m wai will open show soon,keep your eye
...be patience
13/01/2020 8:21 AM
VSLSB @Rotiboy - The proper question to ask would be why you want to invest in Magni in the first place? If you are happy with its business model, company financial position and dividend yield, I dont see any point of holding back
14/01/2020 12:58 AM
Abba84 Yes its busness welloiled in nike grmnts
Imgine 1 day nike sourced another wud be supplier.!
Looks risky n cud happen! Be wary ..
16/01/2020 1:46 PM
lcng123 I do worried too on Magni business model when I invested on Magni on 2013, but after 7 years passed, Magni still doing better every year. May be peoples need to ask Nike why didn't look for other sources or suppliers to replace Magni.
16/01/2020 10:33 PM
Abba84 I felt magni prices been spiraling dwnwrds since bnus split lst decmber.highs 2.63 n after that did nt recover.tll tday.
17/01/2020 5:31 PM
yorkyork The point to buy magni. Mr tan say 2.10
18/01/2020 12:09 AM
yorkyork I assume Nike revenue 2018 36b 2019 39b 2020 50b with Olympic in japan. There always have the latest Adidas n Nike limited edition.
18/01/2020 12:11 AM
yorkyork Tp 4.00 after olympic
18/01/2020 12:11 AM
gemfinder Wow nike all time high
18/01/2020 9:16 AM
yorkyork Nike vapor x 4%. Now want buy also hard to get. Who’s care Olympic ban this or not. Consumers still looking to buy strong demand.
19/01/2020 12:30 PM
YAPSS YAPSS Quick Summary and Free 10 Years Financial Data of Magni-Tech Industries Berhad:
20/01/2020 8:29 PM
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
shareinvestor88 production shift to magni prolexus
14/02/2020 5:59 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
macOS Magni-Tech Industries (7087)* Technical Buy
Targets: RM2.71, 2.87
17/02/2020 3:05 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
lcng123 Politic uncertainty... USD/RM hits 4.21
24/02/2020 10:26 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


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