Posted by KingKKK > 2023-10-25 13:46 | Report Abuse

This company pays dividend every quarter:

11-Sep-2023 25-Sep-2023 DIVIDEND Interim Dividend RM 0.0280
26-Jun-2023 10-Jul-2023 DIVIDEND Fourth Interim Dividend RM 0.0250
08-Mar-2023 24-Mar-2023 DIVIDEND Third Interim Dividend RM 0.0200
12-Dec-2022 27-Dec-2022 DIVIDEND Second Interim Dividend RM 0.0230
12-Sep-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0220

Posted by teknikal > 2023-10-26 08:39 | Report Abuse

Uptrend intact with price above MA20, MA50 and MA200

Posted by KingKKK > 2023-10-26 12:21 | Report Abuse

Directors and owner keep on buying :


Name Details of Changes
Date Type No. of Shares Price
MR TAN POAY SENG 04-Oct-2023 Acquired 80,000 1.949
MR TAN POAY SENG 22-Sep-2023 Acquired 189,300 2.008
MR TAN POAY SENG 21-Sep-2023 Acquired 52,000 1.984
TAN SRI DATO' SERI TAN KOK PING 19-Sep-2023 Acquired 80,000 2.010
MR TAN POAY SENG 11-Sep-2023 Acquired 92,200 1.920
MR TAN POAY SENG 08-Sep-2023 Acquired 78,500 1.905
MR TAN POAY SENG 07-Sep-2023 Acquired 55,000 1.914
MR TAN POAY SENG 05-Sep-2023 Acquired 34,900 1.919
MR TAN POAY SENG 04-Sep-2023 Acquired 56,100 1.910
MR TAN POAY SENG 30-Aug-2023 Acquired 182,000 1.900
MR TAN POAY SENG 28-Aug-2023 Acquired 109,000 1.920

Posted by teknikal > 2023-11-01 09:21 | Report Abuse

Uptrend intact with price above MA20, MA50 and MA200

Posted by Tanleechoo > 2023-12-01 21:50 | Report Abuse

This coming Qtr result should be great ??

Posted by Tanleechoo > 2023-12-06 09:43 | Report Abuse

😅Qtr result down

Posted by 2Invest > 2023-12-27 09:47 | Report Abuse

It is a good company but luck is not on their side. Market is not good.

Although since 2017/7/21 Tan family has spent about 80M in buy back the company shares.

https://news.seehua.com/post/1087806

Just be careful

Posted by Tanleechoo > 2023-12-27 11:00 | Report Abuse

Tqsm for sharing ..don’t have own branding n depend on orders Fr overseas …

Posted by icst1975 > 2023-12-29 10:11 | Report Abuse

2 Inv and Tan L C
Magni tech has 2 main business segments, Garment and Packaging. In the garment segment, Magnitech is the long term mid and up market garment & apparel maker for world famous brand names including Nike. I think business volumes are related to world market demand for the mid to upper market brand name apparels. Magni tech is not making low end clothing wears.

Posted by icst1975 > 2023-12-29 10:29 | Report Abuse

NTA per share is about RM1.95. Company has a net cash of about RM450 million which is about RM1.1 per share.

Posted by Tanleechoo > 2023-12-29 16:06 | Report Abuse

Tqsm . Is it single customer Nike only? NTA can be a value trap .. Net cash is good provided they can use to expand the business..

Posted by remus > 2024-02-17 17:23 | Report Abuse

Tan family non-stop buying, going to privatise the company?

Posted by Tanleechoo > 2024-02-29 15:38 | Report Abuse

Look like moving North..?

Posted by Tanleechoo > 2024-03-06 17:27 | Report Abuse

Qtr result coming …hope good dividend paid out

Posted by million76 > 2024-03-08 11:37 | Report Abuse

maybe take over coming soon?

Posted by Najib Zamry > 2024-03-08 11:40 | Report Abuse

Diam Diam mari. Magni is sitting at RM477 million net cash. The catalyst will be coming Paris Olympic.

Posted by Tanleechoo > 2024-03-08 16:36 | Report Abuse

Coming qtr may b good as the MD Tan keep buy back …hope give good dividend to shareholders

Posted by EngineeringProfit > 2024-03-08 16:40 | Report Abuse

Magni is my favourite. Parking over 1 mil here.

Posted by Tanleechoo > 2024-03-08 16:57 | Report Abuse

👏wah !
Hoe say lio😎ini kali ..any good news this qtr

On

Posted by Tanleechoo > 2024-03-12 17:59 | Report Abuse

Qtr result delay .?

Posted by XinXin Chan > 2024-03-12 19:21 | Report Abuse

Qtr result delay...not a good sign

Posted by XinXin Chan > 2024-03-18 20:21 | Report Abuse

Wow! Good results~

Posted by Najib Zamry > 2024-03-18 21:27 | Report Abuse

Wow super duper result

Posted by katara > 2024-03-18 23:51 | Report Abuse

fly 2moro..

Posted by bargainhunters > 2024-03-19 12:44 | Report Abuse

collect more

Posted by EngineeringProfit > 2024-03-19 12:52 | Report Abuse

Magni is my favourite. Parking 1 mil here- no fears

Posted by Kensington > 2024-03-19 16:38 | Report Abuse

A bullish gap up in the candle formation touching a high of 2.22. A resounding YES from investors!

Posted by EngineeringProfit > 2024-03-19 17:16 | Report Abuse

Wow..... HUUUUAAAAT. AAAAARR

Din see it coming😀

Posted by Tanleechoo > 2024-03-19 19:02 | Report Abuse

At last .. see the light 💡

Posted by Najib Zamry > 2024-03-19 20:24 | Report Abuse

Buy share when no one has noticed and when it is undervalued. What stock next ?

Posted by speakup > 2024-03-19 21:13 | Report Abuse

Ekovest next
tak percaya?

Posted by katara > 2024-03-21 21:55 | Report Abuse

2moro t3

Posted by Tanleechoo > 2024-03-24 21:56 | Report Abuse

2morow any chance break 2.30??

Posted by Learner68 > 2024-03-25 20:45 | Report Abuse

Solid company, from many financial indicators perspective and with relatively high dividend payout too.

Posted by Najib Zamry > 1 month ago | Report Abuse

Solid cash super company to be privatised soon?

Posted by Tanleechoo > 1 month ago | Report Abuse

Good qtr n coming decent dividends..cash rich co n hope co distribute higher to us

Posted by MR. BEAN > 1 month ago | Report Abuse

PCCS alot better

Posted by lcng123 > 1 month ago | Report Abuse

QR to be announced soon and expected better result

Posted by MR. BEAN > 1 month ago | Report Abuse

https://www.statista.com/outlook/emo/fashion/china#:~:text=Revenue%20in%20the%20Fashion%20Market,revenue%20is%20generated%20in%20China.

Posted by learnbyheart > 4 weeks ago | Report Abuse

many reason to top up this counter

1) Olympic 2024
2) Peer industry QR (techbase)
3) Next week QR announcement
4) Substantial Shareholder collecting non stop

Any other positive/negative thought guys?

Posted by Qwertyuiop > 4 weeks ago | Report Abuse

not a high profile stock in bursa, continue to hold, so many positive factors to drive this stock up from the fundamental perspective.

Posted by Thirai Thiraviam > 3 weeks ago | Report Abuse

Dear All,

One of the items that stands out in Magni's balance sheet is its receivables. In last year's Annual Report, this amounted to RM151 million (Year 2022: RM112 million). The company recognizes this as one of the two major risks it faces, but says the risks are mitigated, presumably due to their long-standing relationship with the customer. On this, I have two questions.

1. Over 75% of the trade receivables are from just one customer (who buys the garments to sell worldwide), and yet in 2023, some RM16.4 million are classified as past due. Did all of these past dues arise from Magni's packaging business? Of particular concern is the RM1.8 million that is past due by more than 60 days.

2. Receivables also include sundry receivables, which have increased drastically from the previous year, rising from RM4.7 million to RM41.3 million. Does anyone know what this is? How did this arise?

Thanks in advance for your response.

P.S.: The receivables have since increased to RM179 million as of January 31, 2024.

Posted by observatory > 3 weeks ago | Report Abuse

For Q2, check the AGM minutes and key matters discussed at its website. Under corporate governance.

The company explains “These are prepayments to suppliers which have been settled
after the end of FYR 2023.”

However, when I refer to Note 9, there is a separate item for prepayments. I don’t understand the difference.

Posted by ProfitBaM > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/716783 QR

Posted by Thirai Thiraviam > 3 weeks ago | Report Abuse

@observatory - thanks for your input. I checked the document you mentioned, and googled for the difference between the two items, and this is what got:

Sundry Receivables
Definition: Small, miscellaneous amounts owed to the company by various parties for different reasons.
Examples: Refunds, small debts, reimbursements, etc.

Prepayments
Definition: Amounts paid in advance for goods or services that the company will receive in the future.
Examples: Advance payments for goods, services, rent, insurance, etc.

Anyway, in the latest Q, the receivables have reduced to RM123.5 mil from RM151.4 mil a year ago. So, this is no longer a concern.

Posted by shawn88 > 3 weeks ago | Report Abuse

Good qr but price dropping

Posted by ProfitBaM > 3 weeks ago | Report Abuse

collect more

Posted by MR. BEAN > 3 weeks ago | Report Abuse

Nike share price drop 20% following disappointing sales forecast. Hold tight.

Posted by snake_eye > 2 weeks ago | Report Abuse

morubozu..bullish trend coming

Posted by shawn88 > 2 weeks ago | Report Abuse

Boss keep buying