Bank valuation always lower , they will increase tp subsequently when the share price rise

DCF METHOD , bro cmtfly

TP RM 4.9

Technical analysis showed rising pattern

https://www.klsescreener.com/v2/tvc/77725

Q1 2020's revenue is 15 million and profit 3.3 million had already over performed all quarters in financial year 2019 ; if you use 15 million x 4 quarters , it is 60 million which is 50 % above last year financial result . Let's assume company can earn 3 million every quarter in 2020 , which is possible due to venture into sanitiser sector then profit in 2020 will be 12 million which is 100 % over last financial year net profit ; the beauty of this forecast is , we didn't see any capex mentioned in the quarter report; if a company can use the existing capacity to produce more products and it doesn't incur additional cost which the save of cost will turn into profit ; In my humble opinion , this is a good company and the share price will reflect the growth eventually.

hope it will rise soon.

why magni share price doesn't rise follow nike ?

The world’s largest sportswear maker returned to profit in its fiscal first quarter, and posted much better results than what analysts had predicted, powered by surging e-commerce sales. Revenue rose to $10.6 billion, compared with the $9.11 billion consensus estimate. Digital sales soared 82% in the quarter ended Aug. 31.

The company posted $ 0.95 a share in earnings, exceeding the $0.46 consensus forecast. The latest results showed a robust turnaround from the spring quarter, when the sneaker giant’s revenue plunged 38% amid store closures.

The biggest surprise in this remarkable comeback was that Nike is emerging stronger from the pandemic due to its superior e-commerce operations and successful execution. That means the disruptions caused by the store closures and lockdowns didn’t hurt its brand appeal and customers are quickly returning.

“We’re getting stronger in the places that matter most,” Chief Executive Officer John Donahoe told analysts during a conference call.

“In this dynamic environment, no one can match our pace of launching innovative products and our brand’s deep connection to consumers.”

During the pandemic, he said, the company gained market share across the Nike and Jordan brands and returned to growth in international markets, including China and Europe.

NIKE Performance

Period Ending: Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019
Total Revenue 10594 6313 10104 10326
Gross Profit 4741 2353 4473 4544
Operating Income 1766 -843 790 1220
Net Income 1518 -790 847 1115

https://invst.ly/s8-uf

Nike share price chart

Nike share price spiked