MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.46

Today's Change

-0.04 (1.60%)

Day's Change

2.44 - 2.48

Trading Volume

218,200


7 people like this.

5,246 comment(s). Last comment by Supernoob 1 week ago

Posted by sharkdododo > 2021-03-10 12:48 | Report Abuse

gogogogo

Booyeah

365 posts

Posted by Booyeah > 2021-03-10 15:45 | Report Abuse

...

nakata

308 posts

Posted by nakata > 2021-03-10 23:05 | Report Abuse

Could someone please enlighten me, would the sales of property gain charted in revenue portion?

rojakmee

1,210 posts

Posted by rojakmee > 2021-03-11 19:33 | Report Abuse

Sales of property should not be in revenue, only the gain are reported separately

huat8787

389 posts

Posted by huat8787 > 2021-03-17 10:53 | Report Abuse

SAME BUSINESS as G3

chshzhd

1,908 posts

Posted by chshzhd > 2021-03-17 11:55 | Report Abuse

better than G3lah:)

Bolo88

163 posts

Posted by Bolo88 > 2021-03-18 09:58 | Report Abuse

the best qr result sure will up soon target 3.0 soon

New994

367 posts

Posted by New994 > 2021-03-18 16:05 | Report Abuse

Nike result going to release after market today, we will see!

cbkia4896

937 posts

Posted by cbkia4896 > 2021-03-19 12:59 | Report Abuse

Nike qr so so, I exit Dulu, when Olympic confirmed I entered back. Bye bye

lcng123

1,127 posts

Posted by lcng123 > 2021-03-22 10:56 | Report Abuse

Revenues for NIKE, Inc. increased 3 percent to $10.4 billion compared to the prior year, down
1 percent on a currency-neutral basis.
◦ Revenues for the NIKE Brand were $9.8 billion, a decrease of 2 percent to prior year on a
currency-neutral basis, primarily due to declines in our wholesale business caused by
timing of shipments due to global container shortages and port congestion delays in the
U.S. and mandatory store closures in Europe, which were partially offset by double-digit
growth in NIKE Brand Digital and the Jordan Brand.
◦ Revenues for Converse were $570 million, up 8 percent on a currency-neutral basis, led by
strong digital performance in North America and Europe.

Nike business affected by shortage of containers and port congestion delay. The shipment will soon be recovered and so for Magni.

Posted by qeq111111 > 2021-03-22 13:18 | Report Abuse

Too slow!

New994

367 posts

Posted by New994 > 2021-03-22 13:44 | Report Abuse

sometimes slow is the fastest way :)

Felixck

374 posts

Posted by Felixck > 2021-03-22 18:42 | Report Abuse

What Nike facing Is a temporary problem.
Patent shareholder start accumulating.
I accumulated enough last year.

Cheer

Posted by qeq111111 > 2021-03-23 01:06 | Report Abuse

It is a good dividend play counter, but could be faster if more investors could look at it :P

Bolo88

163 posts

Posted by Bolo88 > 2021-03-24 10:24 | Report Abuse

yes need more buys to push the price

Posted by Praisethankyou > 2021-03-24 10:31 | Report Abuse

The stock seems no much energy but it's very good fundamental

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-24 11:57 | Report Abuse

suddenly move alot today.

Bolo88

163 posts

Posted by Bolo88 > 2021-03-24 14:32 | Report Abuse

up 2.8 soon take the flight before it fly lo need more push

sten_still

409 posts

Posted by sten_still > 2021-03-25 15:55 | Report Abuse

lol

Starship2

184 posts

Posted by Starship2 > 2021-03-25 16:18 | Report Abuse

Price drop could be due to reports that Nike commented on situation in Xingiang and fear that some people boycott its products. I feel this may affect Nike business in China where it has more than 100 factories. But since Magni does not esport its stuff to China, I feel its sales may not be affected very much.Hope a clearer picture on this emerges soon.

Jack888

884 posts

Posted by Jack888 > 2021-03-25 16:23 | Report Abuse

Support MA 20... 2.35

ycbang

468 posts

Posted by ycbang > 2021-03-25 17:06 | Report Abuse

cabut

up2_sky

86 posts

Posted by up2_sky > 2021-03-25 21:09 | Report Abuse

Olympic Mari mari

apple168

6,236 posts

rojakmee

1,210 posts

Posted by rojakmee > 2021-03-26 10:21 | Report Abuse

its a good thing on the boycott , more sales coming to Magni while less for China nike factories

Felixck

374 posts

Posted by Felixck > 2021-03-26 10:27 | Report Abuse

This boycott happened quite frequently...

Long term investor take opportunity to accumulate.

Cheer

dchin472

326 posts

Posted by dchin472 > 2021-03-26 12:52 | Report Abuse

so at the end ,when nike offer they also queue and buy haha

apple168

6,236 posts

Posted by apple168 > 2021-03-26 14:00 | Report Abuse

US-China conflict ever escalating... without China market, Nike will suffer huge loss! Many Nike retail outlets closed down in many countries... be careful guys...

Posted by Steven Tan > 2021-03-26 16:12 | Report Abuse

Magni is very vulnerable to Nike's recent move in China. Although Magni does not export to China, but its main revenue contributor is Nike. If you read its annual report carefully, most of the garment-related revenue is from Nike.

If Nike is affected, so does Magni. Better run now before the conflicts become worse.

vzcb1t

86 posts

Posted by vzcb1t > 2021-03-27 02:52 | Report Abuse

Magni doesn't make sport shoes.

Huat 888

330 posts

Posted by Huat 888 > 2021-03-27 17:30 | Report Abuse

time to collect more

Starship2

184 posts

Posted by Starship2 > 2021-03-28 17:33 | Report Abuse

Based fortune.com, "A quarter of China's sportswear production is idle, the result of global brands moving production because of the U.S.-China trade war". This is old news before the current controversy of cotton from Xingiang. I wonder whether this new development is a positive for Magni...

satt1984

122 posts

Posted by satt1984 > 2021-03-28 22:04 | Report Abuse

https://www.chinapress.com.my/?p=2451574 hello is this the way to show boycott aka buy more..nike is major sponsor of winter olympic for next year so impossible for them to banned.

rojakmee

1,210 posts

Posted by rojakmee > 2021-03-29 08:02 | Report Abuse

its a good thing for magni, with boycott of xinjinag cotton which most garment factories in china used, there will be increase in Magni sales

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-29 08:31 |

Post removed.Why?

Bolo88

163 posts

Posted by Bolo88 > 2021-03-30 00:28 | Report Abuse

Gonna up soon lo

Bolo88

163 posts

Posted by Bolo88 > 2021-03-30 00:29 | Report Abuse

All comes to magni

Starship2

184 posts

Posted by Starship2 > 2021-03-30 15:59 | Report Abuse

Nike may take a hit because of their many factories in China. But global demand for Magni's products would still be there. But wonder where they souce their cotton from. Some stats show that the US is the largest producer followed by countries like India.

chesslim

892 posts

Posted by chesslim > 2021-03-30 18:07 | Report Abuse

记住,当别人恐惧时你要贪婪。

New994

367 posts

Posted by New994 > 2021-04-02 11:04 | Report Abuse

the Normal PE around 10 and now only around 8

rojakmee

1,210 posts

Posted by rojakmee > 2021-04-02 14:10 | Report Abuse

the PE will even get better in the coming qtr, waiting for RM3+


New994 the Normal PE around 10 and now only around 8
02/04/2021 11:04 AM

Bolo88

163 posts

Posted by Bolo88 > 2021-04-02 22:10 | Report Abuse

buy this stocks for dividents also worth

rojakmee

1,210 posts

Posted by rojakmee > 2021-04-08 15:51 | Report Abuse

the news above has positive effect on Magni, sure order will be full in the coming qtr

Booyeah

365 posts

Posted by Booyeah > 2021-04-17 13:17 |

Post removed.Why?

Bolo88

163 posts

Posted by Bolo88 > 2021-04-21 10:47 | Report Abuse

yup sure shoot up soon

sten_still

409 posts

Posted by sten_still > 2021-04-22 09:20 | Report Abuse

nike up, magni up

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