MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.45

Today's Change

-0.05 (2.00%)

Day's Change

2.45 - 2.50

Trading Volume

188,000


7 people like this.

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

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.

Slash_13

53 posts

Posted by Slash_13 > 2017-09-15 09:52 | Report Abuse

im long term player, average price RM4.43, need some advice

3iii

13,340 posts

Posted by 3iii > 2017-09-15 10:02 |

Post removed.Why?

Bizfuneng

883 posts

Posted by Bizfuneng > 2017-09-15 10:10 | Report Abuse

Ok lah.....dun argue. Is a free world. All hv done their parts. Let's relax and watch show loh. Come back nx q to debate.

3iii

13,340 posts

Posted by 3iii > 2017-09-15 10:11 |

Post removed.Why?

michaelwong

3,072 posts

Posted by michaelwong > 2017-09-15 10:11 | Report Abuse

The main source of income and revenues derived from garments and textiles products replacing Nike . Go and read more and stop misleading others

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 10:13 | Report Abuse

3iii, u got buy those blue chip ah? what price? can share? how you spot it earlier?

3iii

13,340 posts

Posted by 3iii > 2017-09-15 10:22 | Report Abuse

>>>>Posted by ooihk899 > Sep 15, 2017 09:37 AM | Report Abuse

Ya 3iii just reuse his trick in HRC. Like to create panic.
Only his Petronas best in the world.<<<


ooihk899 You will be more credible and taken more seriously if you can put forward your own statements to support your valuation on Magni.

Otherwise, you are talking nonsense. Don't you agree?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 10:26 | Report Abuse

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.

3iii

13,340 posts

Posted by 3iii > 2017-09-15 10:31 | Report Abuse

These are old news but relevant in the light of managements guidance that business is lack-luster.

11 Sep 2017 Disposed
625,000 PERBADANAN NASIONAL BERHAD
11 Sep 2017 Disposed
625,000 DATO' DR. TENGKU RETHWAN BIN TENGKU MANSOR
07 Sep 2017 Disposed
750,000 PERBADANAN NASIONAL BERHAD
07 Sep 2017 Disposed
750,000 DATO' DR. TENGKU RETHWAN BIN TENGKU MANSOR
06 Sep 2017 Disposed
1,000,000 PERBADANAN NASIONAL BERHAD
06 Sep 2017 Disposed
1,000,000 DATO' DR. TENGKU RETHWAN BIN TENGKU MANSOR
05 Sep 2017 Disposed
1,000,000 DATO' DR. TENGKU RETHWAN BIN TENGKU MANSOR
30 Aug 2017 Disposed
1,000,000 PERBADANAN NASIONAL BERHAD
18 Aug 2017 Disposed
50,000 TAN SRI DATO’ SERI TAN KOK PING

lsv1977final

1,447 posts

Posted by lsv1977final > 2017-09-15 10:38 | Report Abuse

Don't worry. Company have share buy back

ooihk899

2,058 posts

Posted by ooihk899 > 2017-09-15 10:40 | Report Abuse

Known fact, no need to remind. HRC price stabilize now, cannot cari makan there now come here. He is the one doing short sell.

chesslim

892 posts

Posted by chesslim > 2017-09-15 10:40 | Report Abuse

Good change to buy Magni now !!

ooihk899

2,058 posts

Posted by ooihk899 > 2017-09-15 10:45 | Report Abuse

Talk nonsense this 3iii, I bought Dlady 26 yrs ago until now.
What difficult to spot. Know a little bit act like expert.
also you miss Panamy.

3iii

13,340 posts

Posted by 3iii > 2017-09-15 11:00 | Report Abuse

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.

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:13 | Report Abuse

Wow drop 12%??????? Deposit with license bank up from 90 to 100 million. Dividend keep giving....good chance to sapu.

3iii

13,340 posts

Posted by 3iii > 2017-09-15 11:25 |

Post removed.Why?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 11:27 | Report Abuse

haha ooi bro, i also learn 3iii la, buy magni, keep 26 years, then come back and talk =D

3iii

13,340 posts

Posted by 3iii > 2017-09-15 11:27 | Report Abuse

>>>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.

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:35 | Report Abuse

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.

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:36 | Report Abuse

My thinking if able to express by word then I need to type will a novel book.

cynachen

134 posts

Posted by cynachen > 2017-09-15 11:36 | Report Abuse

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.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 11:44 | Report Abuse

ya, good counter. all waiting to collect low, haha

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:45 | Report Abuse

No growth then why so kepo?

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:47 | Report Abuse

When ady drop RM1 we hope drop another RM1 ....hahahaha

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 11:49 | Report Abuse

don't worry, this is 美女 stock. Just keep. Time is the friend of a wonderful business =)

ooihk899

2,058 posts

Posted by ooihk899 > 2017-09-15 11:50 | Report Abuse

3iii, what valuation did you post??? All past history, copy and paste.

Posted by Alex Foo > Sep 15, 2017 10:13 AM | Report Abuse

3iii, u got buy those blue chip ah? what price? can share? how you spot it earlier?

3iii

13,340 posts

Posted by 3iii > 2017-09-15 11:54 | Report Abuse

As a value investor, my target is to buy below 3.24.

JN88

11,670 posts

Posted by JN88 > 2017-09-15 11:59 | Report Abuse

3iii: As a value investor and businessman. I will buy slightly higher than you that is 3.55...so I can get my stock. Lol

3iii

13,340 posts

Posted by 3iii > 2017-09-15 12:00 | Report Abuse

>>>>Posted by ooihk899 > Sep 15, 2017 11:50 AM | Report Abuse

3iii, what valuation did you post??? All past history, copy and paste.<<<<

Don't be perturbed or upset by my post.

The share doesn't even know if you own it.



<<<<

Posted by Alex Foo > Sep 15, 2017 10:13 AM | Report Abuse

3iii, u got buy those blue chip ah? what price? can share? how you spot it earlier?<<<<


Over the years, my shareholdings have propelled me into the top 10% of the shareholders of each of these companies.

ooihk899

2,058 posts

Posted by ooihk899 > 2017-09-15 12:01 | Report Abuse

Now all can see, talk only, better give 1 sen good enough lah.

3iii

13,340 posts

Posted by 3iii > 2017-09-15 12:05 | Report Abuse

>>>Posted by ooihk899 > Sep 15, 2017 12:01 PM | Report Abuse

Now all can see, talk only, better give 1 sen good enough lah.<<<


Be an independent thinker, guided by your investing philosophy.

Do not be guided by the share price.

Also, do not be guided by the opinions of others.




You should not let my posts influence you.

There are just my opinion, and maybe absolutely wrong as you suggested.

Please take care and just think for yourself.


:-)
:-)

goreng_kaki

1,909 posts

Posted by goreng_kaki > 2017-09-15 12:32 | Report Abuse

will it drop back to RM 4.2?

JN88

11,670 posts

Posted by JN88 > 2017-09-15 12:59 | Report Abuse

Goreng- kaki: no not only 4.2 but 3.2, and possible 2.2...lol

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2017-09-15 13:05 | Report Abuse

Next Monday

Depeche

4,451 posts

Posted by Depeche > 2017-09-15 14:00 | Report Abuse

Afternoon session will give indication if selling has hit bottom..waiting to enter.

Stefan Lam

302 posts

Posted by Stefan Lam > 2017-09-15 14:14 | Report Abuse

dividen 0.035+0.03+0.04

Luke91

520 posts

Posted by Luke91 > 2017-09-15 14:33 | Report Abuse

when to buy?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 14:35 | Report Abuse

good stock. just buy and hold 2 years. come back and laugh =)

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 14:37 | Report Abuse

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.

Posted by MoneyFace88 > 2017-09-15 14:38 | Report Abuse

I wanted to buy before QR , luckily didn't do it else masuk longkang

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-09-15 15:12 | Report Abuse

will reach RM5.oo???

Posted by SinTian Lim > 2017-09-15 15:23 | Report Abuse

RM6.28, hmmm

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-09-15 15:30 | Report Abuse

@SinTianLim price wouldnt stay above RM6.oo...

Posted by BULL10BEAR10 > 2017-09-15 15:31 | Report Abuse

Good show.. Good show... macam IWCITY

Posted by SinTian Lim > 2017-09-15 15:32 | Report Abuse

@CityHuntEr m waiting...

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-09-15 15:37 | Report Abuse

tak sama, IWCTY goreng angin dalam tin kosong... ini ada benda dalam, cuma macam ada orang bluff sebelum QR...

cyeec2000

994 posts

Posted by cyeec2000 > 2017-09-15 15:49 | Report Abuse

Yup,their fundamental is still remained intact

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-15 15:51 | Report Abuse

painful to see -RM1 in a single trading day. Not that magni produced loss, but just diminished earning.

Magni PE is at 10 only prior to QR release. It means that the market places a relatively loose optimism on magni.

If, and only if the directors will delete that 'lackluster' wording, I would have bought now.

Now, I'll only wait until Dec 15 to decide.

Jiayou ba magni, i'll be back =)

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