Posted by Bao2lai > 2020-09-08 20:58 | Report Abuse

Really unexpected.. drop 13% revenue consider less.
wanted to collect more share at much lower selling price seems challenging.

Posted by chesslim > 2020-09-08 21:28 | Report Abuse

MCO time also hv this Q result, Magni is very good company and management.

Posted by gemfinder > 2020-09-08 21:38 | Report Abuse

Aceptable result. Continue hold

Posted by lcng123 > 2020-09-08 22:57 | Report Abuse

Nike posted loss result in latest QR. Magni's latest QR consider excellent.

Posted by ABSBOSS > 2020-09-08 23:58 | Report Abuse

Aduiii.. Rugi tak masuk CB.... Esok belasah 2.5 sen lah

Posted by kasim > 2020-09-09 09:58 | Report Abuse

Magni-Tech Industries Bhd's net profit for the first quarter ended July 31, 2020 (1QFY21) fell 12.3% to RM26.76 million from RM30.51 million a year earlier, as revenue dropped 10.8% to RM291.99 million from RM327.33 million

Posted by kasim > 2020-09-09 09:58 | Report Abuse

The garment maker, which is also involved in the manufacturing and sale of flexible plastic packaging goods and corrugated cartons, said its financial performance for the quarter was considered "fairly satisfactory" given the pandemic-driven sharp economic contraction that had significantly impacted practically all business sectors across the globe

Posted by kasim > 2020-09-09 09:58 | Report Abuse

Its garment segment, which contributed to over 90% of the group's revenue in 1QFY21, recorded an 11.4% drop in revenue to RM268.14 million. The segment is its main income-generating segment and accounted for 95.2% of the group's profit from operations

Posted by kasim > 2020-09-09 09:58 | Report Abuse

The lower revenue, on top of lower investment income, resulted in lower profit before tax (PBT) for its garment segment, which fell 14.1% to RM33.33 million

Posted by kasim > 2020-09-09 09:59 | Report Abuse

Its packaging segment, however, recorded a 32% rise in PBT — despite a 2.9% slip in revenue to RM23.85 million on lower sale orders — thanks to lower raw material costs.

Posted by kasim > 2020-09-09 09:59 | Report Abuse

Magni-Tech expects its operating environment for the rest of FY21 to be challenging given the yet-to-abate Covid-19 pandemic, and uncertainties about the pace of economic and business recovery.

Posted by cbkia4896 > 2020-09-09 17:06 | Report Abuse

K not bad today. I still hold la. If drop somemore back to less than 2.1 can top up and wait it fly next quarter

Posted by speakup > 2020-09-09 22:19 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/09/09/magni-tech-sells-land-for-rm22mil

if magni give out 3sen special dividend, speakup will buy back

Posted by cbkia4896 > 2020-09-10 10:20 | Report Abuse

ppl sell property earn more money

Posted by Michael Kwok > 2020-09-10 15:32 | Report Abuse

We are asking investor to accumulate this stocks below rm 1.80.This stocks seem to have profit which do not match by prices.Let see about it.

Posted by cbkia4896 > 2020-09-11 15:47 | Report Abuse

Magni AGM give Nike shoes ah

Posted by humongainz > 2020-09-12 16:01 | Report Abuse

slightly overvalued. hold for long term sure.

Posted by James Ng > 2020-09-13 10:47 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-09-13-story-h1513467081.jsp
[转贴] [MAGNI-TECH INDUSTRIES BHD：Covid-19大流行中的急剧经济萎缩，实际上已严重影响了全球所有商业领域] - James的股票投资James Share Investing

Posted by cbkia4896 > 2020-09-14 18:19 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3087954
They buying back themselves so chill la brotha can hold and wait grow

Posted by EatCoconutCanWin > 2020-09-15 07:41 | Report Abuse

Muhiddin buy Nike shoes for donations

Posted by Pang > 2020-09-22 12:38 | Report Abuse

Anyone going for Magni Agm soon

Posted by KPH5328 > 2020-09-23 08:59 | Report Abuse

https://news.nike.com/news/nike-inc-reports-fiscal-2021-first-quarter-results
1. digital sales increased 82 percent, or 83 percent on a currency-neutral basis, with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA
2. Diluted earnings per share for the quarter was $0.95, up 10 percent

Posted by Tan Kim Tiam > 2020-09-23 12:39 | Report Abuse

NIKE’s "Inventory rose 15 percent versus prior year but decreased 9 percent versus prior quarter".

Posted by cbkia4896 > 2020-09-23 22:05 | Report Abuse

LIMIT UP LIMIT UP

Posted by cbkia4896 > 2020-09-24 17:40 | Report Abuse

Heiyaaaaa no limit up

Posted by bibabiba > 2020-09-24 19:19 | Report Abuse

sell la ,aiyo , wait what

Posted by beaute > 2020-09-25 08:40 | Report Abuse

Nike share price spiked

Posted by beaute > 2020-09-25 09:47 | Report Abuse

https://invst.ly/s8-uf

Nike share price chart

Posted by beaute > 2020-09-25 09:50 | Report Abuse

NIKE Performance

Period Ending: Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019
Total Revenue 10594 6313 10104 10326
Gross Profit 4741 2353 4473 4544
Operating Income 1766 -843 790 1220
Net Income 1518 -790 847 1115

Posted by beaute > 2020-09-25 09:52 | Report Abuse

The world’s largest sportswear maker returned to profit in its fiscal first quarter, and posted much better results than what analysts had predicted, powered by surging e-commerce sales. Revenue rose to $10.6 billion, compared with the $9.11 billion consensus estimate. Digital sales soared 82% in the quarter ended Aug. 31.

The company posted $ 0.95 a share in earnings, exceeding the $0.46 consensus forecast. The latest results showed a robust turnaround from the spring quarter, when the sneaker giant’s revenue plunged 38% amid store closures.

The biggest surprise in this remarkable comeback was that Nike is emerging stronger from the pandemic due to its superior e-commerce operations and successful execution. That means the disruptions caused by the store closures and lockdowns didn’t hurt its brand appeal and customers are quickly returning.

“We’re getting stronger in the places that matter most,” Chief Executive Officer John Donahoe told analysts during a conference call.

“In this dynamic environment, no one can match our pace of launching innovative products and our brand’s deep connection to consumers.”

During the pandemic, he said, the company gained market share across the Nike and Jordan brands and returned to growth in international markets, including China and Europe.

Posted by beaute > 2020-09-25 12:48 | Report Abuse

why magni share price doesn't rise follow nike ?

Posted by speakup > 2020-09-26 15:26 | Report Abuse

good thing speakup sold off @ 2.19
magni another dead counter like redtone

Posted by beaute > 2020-09-26 18:47 | Report Abuse

hope it will rise soon.

Posted by cbkia4896 > 2020-09-29 15:47 | Report Abuse

If today break will fly high high

Posted by cbkia4896 > 2020-09-29 16:02 | Report Abuse

Break liao break liao fly lo

Posted by Huat 888 > 2020-09-29 16:59 | Report Abuse

2.65 coming

Posted by speakup > 2020-10-01 09:17 | Report Abuse

bought back magni @ 2.35
revenge trade to win back my cutloss @ 2.19

Posted by speakup > 2020-10-01 09:23 | Report Abuse

revenge is sweet

Posted by gnail > 2020-10-01 11:05 | Report Abuse

nice revenge, magni on fire now.

Posted by 111xyx111 > 2020-10-01 12:33 | Report Abuse

@speakup what’s ur tp

Posted by Samuelgold > 2020-10-01 12:35 | Report Abuse

2.70 tp

Posted by speakup > 2020-10-01 15:15 | Report Abuse

paper gain now enough to cover my earlier cut-loss @ 2.19
REBUUUUUUUUUTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!
PUSH FOR SPEAKUP!!!! INI KALILAHHHHHHHHHHH!!!!!!!!!!!!!

Posted by speakup > 2020-10-01 15:16 | Report Abuse

syndicate goreng magni now
wonder how high they goreng till

Posted by speakup > 2020-10-01 15:40 | Report Abuse

doubled up magni. my remisier say guarantee sure up
ALL IN!!!!
INI KALILAH!!!

Posted by speakup > 2020-10-01 15:41 | Report Abuse

2.35 1st batch
2.46 2nd batch
average 2.40
INI KALILAHHHHH!!!!!!!!!! LET THE SYNDICATE PUSHHHHHHHHHHH!!!!!!!!!!!!

Posted by speakup > 2020-10-01 15:42 | Report Abuse

syndicate dah cornered magni
the only way is up

Posted by speakup > 2020-10-01 16:03 | Report Abuse

buta money come!
REBUUUUUUUUUUUUTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!
HAHAHA!

Posted by AngelVi > 2020-10-01 16:42 | Report Abuse

@Speakup..ur TP? :)

Posted by cbkia4896 > 2020-10-01 17:30 | Report Abuse

What if speakup is syndicate....

Posted by AngelVi > 2020-10-01 17:47 | Report Abuse

Speakup style i observe ..after buy will shout to buy, after sell if loss position he will also tell. He is just a trader. :)