Wisevictor: ok.. isv1977final: if not mistaken, I still remembered someone has bad comment on company last quarter, but I am still holding it regardless that comment
I think this time different. Look at the increase in the BV/share, and also at the ROE. Both are super high. I reckon if this type of performance is sustained going forward, Magni is undervalued. But of course, I haven't looked at the financial statement so I don't know if there's any caveats.
vincent tan owns a big chunk of shares last time and he is selling non-stop, that is why you saw profit taking every quarter. if you really see another profit taking again, what are you waiting for? buy and keep la...
I look at financial statement. The huge increase in NAPS is due to UNIT TRUST investments. We know that this year the stock markets are very good, almost 20% returns for a global portfolio from Dec - April 2017. So...I will take that with a pinch of salt. As quickly as the UNIT TRUST value increase, it can decrease.
Magni is overrated or overvalue by now , better sell now .If i am not mistaken , the price will fall soon. whoever just bought ,better dont too greedy , the fall is coming But still it is ok to hold for long term .
current PE is about 10, before the report announced was around 10.5. To go back to P/E 10.5 price has to go up to RM7.75
However the following facts would push the price or P/E even further:
1) Revenue new historical high 2) Profit new historical high 3) EPS new historical high 4) Higher special dividend 5) There are four more dividends coming this year
I suspect bonus issue may soon be declared as well due to low volatility of this counter.
The management is putting the cash in good use by buying some unit trust, Not like KSeng, so mucj cash but let it idle for more tham 10 yrs. That why cannot go up
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WiseVictor
148 posts
Posted by WiseVictor > 2017-06-20 10:51 | Report Abuse
Good result out soon, stay tuned =)