In FY2014, the profit margin from "investment related income" is 15% (RM3.7m from RM24.4m). Also, FYQ1 ending July typically sees a huge contribution from investment, presumably due to receipt of dividends. Over the past year, Magni has pumped in RM53m into investments, causing value of investment to more than doubled from end FY2014 at RM24.4m to end FY2015 at RM63.2m. All these points to a sharp increase in "investment related income" for the next quarter. With the anticipated income boost from investment, Magni should be able to do at least 15 cents eps next quarter, making it 3 consecutive quarters of 15 cents eps.
According to annual report 2014, other investments consists of mutual fund (21%), malaysia's share (5%). 74% in unquoted shares (not listed company). For 2015, I am not sure how is the combination
tonylim: I cannot find any information about the latest purchase of other investment. It have not disclosure in the quarter report. Perhaps we need to wait for the annual report to come out before we know the portion of the other investment. The main shareholder is berjaya group. Who is VC that u mention about?
ya increase by 38m. Annual report expected to come out at Sep and Oct 15. You can wait until that time if u wan to know wht is the portion of other investment
Audited report will come out around at end of Aug 2014 based on historical record but annual report only come out end of Sep or early 2015. You need time for auditor to perform audit work, manager review, partner review and management review before it come out. Just patiently wait.
ok fair enough, even though a PE of 11 is what you consider as 'fair'. what the market considered a fair PE is a different matter, and thats the key
And i dont get the point of comparing revenue and profit of each other? Obvious magni is a bigger company thats why both numbers are bigger, but does that mean it is better? Magni has a lower ROE compare to PRlexus though.
Ya prlexus might be win in roe 20 compare magni roe 19 but magni is a better company in many thing compare to prlexus. Refer my point no 5. For your information magni have a lesser number of sharss compare to prlexus. Their revenue is almost 2.5 times of prlexus yet their share price only 1.5 times of prlexus. For profit, magni also is 2.5 times of prlexus profit yet the share price only 1.5 times of prlexus. Why not undervalue?
I really dun understand what JT Yeo wan to ask. Because of undervalue that why u need to buy this kind of share. If not then u buy prlexus la. We cannot control what is the price of prlexus but u can do is find a undervalue share and invest into it.
A person that has invest in prlexus, 99% of the time they would look at Magni too, so now the question is, why people think Prlexus is worth current PE but not Magni? Why do they discount Magni compare to Prlexus?
JT Yeo, what you're trying to say here is related to Efficient Market Theory (EMT), but the fact is that no two companies are born equal. It is the inefficient pricing of such stocks by the herd that grants investors opportunities to accumulate and amass great fortunes.
We wouldn't know the outcomes until the end of the day, but right now MAGNI may stand a better chance of outperformance due to it being priced relatively cheaper.
May I know what is the currency used for transactions between Magni and Nike? since the geographic area is spread around few countries, are they using USD as well? (I mean for Nike in China for example)?
The currency traed in USD, RMB and SGD. I have no idea how much is the percentage but from the currency risk disclosure you can know most of that is trading in USD as most of the trade debtor denominated in USD
Maybe you dont know this. Usually the company need to disclose the major which is more than 10percent. That sentences clearly stated that only one major customer which contributed RM507mil to the company. The purpose to disclose that are more than 10percent is to inform to investor about the risk might incurrred if they lose this major customer
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Posted by soojinhou > 2015-07-03 10:26 | Report Abuse
In FY2014, the profit margin from "investment related income" is 15% (RM3.7m from RM24.4m). Also, FYQ1 ending July typically sees a huge contribution from investment, presumably due to receipt of dividends. Over the past year, Magni has pumped in RM53m into investments, causing value of investment to more than doubled from end FY2014 at RM24.4m to end FY2015 at RM63.2m. All these points to a sharp increase in "investment related income" for the next quarter. With the anticipated income boost from investment, Magni should be able to do at least 15 cents eps next quarter, making it 3 consecutive quarters of 15 cents eps.