yes, magni is a growth stock. PE 10 is considered very conservative d.
Excerpt from its annual report
Business Outlook For FYR 2018, the global economic landscape is expected to remain challenging. There are still numerous uncertainties such as the controversial drastic change in US trade and foreign policies and the subduing global demand. Domestically, we are continuously obsessed with downside risks associated with political uncertainty surrounding the upcoming general election, fluctuation of exchange rate, rising costs and so on.
We maintain a cautious outlook for FYR 2018 amid these challenges. However, both the garment and packaging businesses are expected to remain profitable for FYR 2018.
We shall continue to propel the Group’s businesses to the next level growth in line with our strategy as stated above.
Looking at the 1 year price chart, Magni has risen from 4+ to 7+ over the 1 year. The price remained flat at 7+ from July to now. PNB and the Tengku sold their shares in August and Septemer and the price remained steady at 7+. With the results announced yesterday, the price dropped 90 sen this morning.
>>>Posted by JN88 > Sep 15, 2017 11:13 AM | Report Abuse
Wow drop 12%??????? Deposit with license bank up from 90 to 100 million. Dividend keep giving....good chance to sapu.<<<
Essentially, you should not be buying this stock at this price for its dividend yield. You should buy it for its earnings growth potential, based on your own assessment. Best wishes to you on your investing.
No worry I wait till you all sell until mother can't recognized then I only coming. Time is my money. I think you also same v me. Want to wait till undervalue.....wakakaka.
Thanks 3iii for the wonderful presentation, he tried to say that there is no more high growth in Magni la, but as defensive stock this is a wonderful chance to top up.
one thing i like about magni is how much info they are willing to disclose to the shareholders via its annual reports. I've seen very concise ARs with nothing to say except blaming macro economics, and felt very rush in writing their prospects.
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....
ooihk899
2,058 posts
Posted by ooihk899 > 2017-09-15 09:49 | Report Abuse
Depends whether you are short term or long term player, important is make your own decision.