Garment revenue is derived from export sales. Garment segment also imports considerably its raw materials (comprising fabrics and accessories) and pays manufacturing costs abroad. The risk of foreign exchange fluctuations is mitigated through natural hedges by paying for its imports with the USD revenue received. (copied from annual report)
but you can't deny that ringgit depreciation does help magni alot especially for the past quarters....still waiting for their 'lackluster' QR to decide the future course of action.
what happened to this counter lately? It has been sold down consistently these few days. USD dropping, I know. But other export counters like WELLCAL and many others stand still.. How come MAGNI drop like hell??
04-Dec-2017 Insider TAN SRI DATO' SERI TAN KOK PING (a substantial shareholder) acquired 50,000 shares on 30-Nov-2017. 04-Dec-2017 Insider TAN SRI DATO SERI TAN KOK PING (a company director) acquired 50,000 shares at 6.382 on 30-Nov-2017. 29-Nov-2017 Insider TAN SRI DATO' SERI TAN KOK PING (a substantial shareholder) acquired 30,000 shares on 28-Nov-2017. 29-Nov-2017 Insider TAN SRI DATO SERI TAN KOK PING (a company director) acquired 30,000 shares at 6.525 on 28-Nov-2017.
Director keep acquiring, it means the stock is more valuable than the current stock price. Low PE and high ROE, just wait for the stock to rebound after bear market end =)
Next market crash, the best thing to buy is Bitcoin, gold price is manipulated by bankers, Bitcoin in the other hand has millions of processing power to stop it from manipulation, even the CBOE have difficult time to run XBT future exchange, bankers will have no chance to manipulate Bitcoin as easily as they want.
The only real money is Bitcoin, land, property, real GOLD. :) Contract gold, shitcoin, paper stock, are all credit that serve no purpose except for quick pump and followed by endless dump.
I love market crash, it will finally awaken people how helpless this stock market has been, and people will start to endorse the brand new market, the cryptocurrency, some people will not change, some people will change, the people who can adapt to the change will ultimately find the real wealth.
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....
Bizfuneng
883 posts
Posted by Bizfuneng > 2017-10-26 21:21 | Report Abuse
Tq for info. This is oni for footwears. Magni is not on footwear.