MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.17

Today's Change

0.00 (0.00%)

Day's Change

2.16 - 2.18

Trading Volume

90,800

Overview

Market Cap

942 Million

NOSH

434 Million

Avg Volume (4 weeks)

427,447

4 Weeks Range

2.05 - 2.32

4 Weeks Price Volatility (%)

44.44%

52 Weeks Range

1.76 - 2.32

52 Weeks Price Volatility (%)

73.21%

Previous Close

2.17

Open

2.17

Bid

2.17 x 41,400

Ask

2.18 x 19,100

Day's Range

2.16 - 2.18

Trading Volume

90,800

Financial Highlight

Latest Quarter | Ann. Date

31-Jan-2024 [#3] | 18-Mar-2024

Next QR | Est. Ann. Date

30-Apr-2024 | 26-Jun-2024

T4Q P/E | EY

7.87 | 12.71%

T4Q DY | Payout %

5.06% | 39.82%

T4Q NAPS | P/NAPS

2.02 | 1.08

T4Q NP Margin | ROE

9.57% | 13.67%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: PERSONAL GOODS

Subsector: PERSONAL GOODS

Description:

Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in manufacture and sales of garments. In addition, the company also manufactures and distribute flexible plastic and corrugated packaging products. The company is organised into two business segments namely Manufacturing and sales of packaging materials and Manufacturing and sales of garments. The group operates in Malaysia for manufacturing and sales of packaging materials and garments and in Vietnam for manufacturing and sales of garments. Manufacturing and sales of garments segment contribute majorly in the company's revenue.

Discussions
7 people like this. Showing 50 of 5,188 comments

cbkia4896

gg bad qr?

2023-03-01 16:16

cbkia4896

Oh qr not bad

2023-03-08 17:52

speakup

Not bad? It's not good lah

2023-03-08 20:02

cbkia4896

not bad not good, at least not bloody can already

2023-03-08 21:57

pinnaclegrade

let's see tomorrow

2023-03-08 22:35

cbkia4896

Go agm ask boss... The 400-500 million any plans

2023-03-08 23:23

cbkia4896

Wehhh no one buang keee

2023-03-09 13:08

pinnaclegrade

want to buy.. but low liquidity .. = =

2023-03-10 16:13

dlhoh

SMA-10 had crossed SMA-50 and is heading towards SMA-200. IV at RM2.50.

2023-04-25 09:12

dlhoh

Sma 50 crossed SMA 200

2023-06-09 09:22

katara

buy ..

2023-09-12 16:07

teknikal

The stock rose and broke the psychological barrier of RM2.00 with a white bullish candle. Prices are firmly above all 20-day, 50-day and 200-day Moving Average (MA) with higher trading volume. The positive move is supported by Quarter 1 FY 2024 earnings announcement on 11-Sep with Q1 earnings +27% QoQ and 36% YoY. We anticipate further gains due to positive technical breakouts and improved fundamentals.

Both the MACD and RSI have continued to rise, suggesting an increase in buying momentum.

The strategy is to long Magni with a stop-loss set at RM1.92 (a tick above 20-day MA). This breakout could drive prices upward, targeting historical resistance levels at RM2.37 and RM2.50.

2023-09-14 10:51

speakup

good QR results

2023-09-21 07:51

UnicornP

Bought a little @ 1.92

2023-10-19 11:50

haziqaz

Ketua Menteri Pulau Pinang Kon Yeow saman Tan Sri Tan Kok Ping, SPRM digesa buka semula kes taikun judi ini

https://thecorporate-secret.com/blog/2023/10/20/ketua-menteri-pulau-pinang-kon-yeow-saman-tan-sri-tan-kok-ping-sprm-digesa-buka-semula-kes-taikun-judi-ini/

Tiada siapa boleh lari dari taikun judi Tan Sri Tan Kok Ping yang menguasai PCCC. Kok Ping sentiasa menganggap dia lebih berkuasa dari Ketua Menteri. Dulu mana-mana tanah pun Kok Ping beli bawah harga pasaran bersama anaknya Tan Poay Seng. Pernah disiasat SPRM terlibat sindiket judi haram, elak cukai, operasi kelab malam, rasuah penguatkuasa dan banyak lagi…Tapi kini Chow Kon Yeow lawan Tan Kok Ping…

2023-10-20 05:12

teknikal

The stock rose above all 20-day, 50-day and 200-day Moving Average (MA) with higher trading volume. The positive move is supported by Quarter 1 FY 2024 earnings announcement on 11-Sep with Q1 earnings +27% QoQ and 36% YoY. This is a sign of further gains due to positive technical breakouts and improved fundamentals.

Both the MACD and RSI are rising, suggesting an increase in buying momentum.

The strategy is to long Magni. This breakout could drive prices upward, targeting historical resistance levels at RM2.10 and RM2.18.

2023-10-25 10:17

KingKKK

This company pays dividend every quarter:

11-Sep-2023 25-Sep-2023 DIVIDEND Interim Dividend RM 0.0280
26-Jun-2023 10-Jul-2023 DIVIDEND Fourth Interim Dividend RM 0.0250
08-Mar-2023 24-Mar-2023 DIVIDEND Third Interim Dividend RM 0.0200
12-Dec-2022 27-Dec-2022 DIVIDEND Second Interim Dividend RM 0.0230
12-Sep-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0220

2023-10-25 13:46

teknikal

Uptrend intact with price above MA20, MA50 and MA200

2023-10-26 08:39

KingKKK

Directors and owner keep on buying :


Name Details of Changes
Date Type No. of Shares Price
MR TAN POAY SENG 04-Oct-2023 Acquired 80,000 1.949
MR TAN POAY SENG 22-Sep-2023 Acquired 189,300 2.008
MR TAN POAY SENG 21-Sep-2023 Acquired 52,000 1.984
TAN SRI DATO' SERI TAN KOK PING 19-Sep-2023 Acquired 80,000 2.010
MR TAN POAY SENG 11-Sep-2023 Acquired 92,200 1.920
MR TAN POAY SENG 08-Sep-2023 Acquired 78,500 1.905
MR TAN POAY SENG 07-Sep-2023 Acquired 55,000 1.914
MR TAN POAY SENG 05-Sep-2023 Acquired 34,900 1.919
MR TAN POAY SENG 04-Sep-2023 Acquired 56,100 1.910
MR TAN POAY SENG 30-Aug-2023 Acquired 182,000 1.900
MR TAN POAY SENG 28-Aug-2023 Acquired 109,000 1.920

2023-10-26 12:21

teknikal

Uptrend intact with price above MA20, MA50 and MA200

2023-11-01 09:21

Tanleechoo

This coming Qtr result should be great ??

2023-12-01 21:50

Tanleechoo

😅Qtr result down

2023-12-06 09:43

2Invest

It is a good company but luck is not on their side. Market is not good.

Although since 2017/7/21 Tan family has spent about 80M in buy back the company shares.

https://news.seehua.com/post/1087806

Just be careful

2023-12-27 09:47

Tanleechoo

Tqsm for sharing ..don’t have own branding n depend on orders Fr overseas …

2023-12-27 11:00

icst1975

2 Inv and Tan L C
Magni tech has 2 main business segments, Garment and Packaging. In the garment segment, Magnitech is the long term mid and up market garment & apparel maker for world famous brand names including Nike. I think business volumes are related to world market demand for the mid to upper market brand name apparels. Magni tech is not making low end clothing wears.

2023-12-29 10:11

icst1975

NTA per share is about RM1.95. Company has a net cash of about RM450 million which is about RM1.1 per share.

2023-12-29 10:29

Tanleechoo

Tqsm . Is it single customer Nike only? NTA can be a value trap .. Net cash is good provided they can use to expand the business..

2023-12-29 16:06

remus

Tan family non-stop buying, going to privatise the company?

1 month ago

Tanleechoo

Look like moving North..?

1 month ago

Tanleechoo

Qtr result coming …hope good dividend paid out

1 month ago

million76

maybe take over coming soon?

1 month ago

Najib Zamry

Diam Diam mari. Magni is sitting at RM477 million net cash. The catalyst will be coming Paris Olympic.

1 month ago

Tanleechoo

Coming qtr may b good as the MD Tan keep buy back …hope give good dividend to shareholders

1 month ago

EngineeringProfit

Magni is my favourite. Parking over 1 mil here.

1 month ago

Tanleechoo

👏wah !
Hoe say lio😎ini kali ..any good news this qtr

On

1 month ago

Tanleechoo

Qtr result delay .?

1 month ago

XinXin Chan

Qtr result delay...not a good sign

1 month ago

XinXin Chan

Wow! Good results~

4 weeks ago

Najib Zamry

Wow super duper result

4 weeks ago

katara

fly 2moro..

4 weeks ago

bargainhunters

collect more

4 weeks ago

EngineeringProfit

Magni is my favourite. Parking 1 mil here- no fears

4 weeks ago

Kensington

A bullish gap up in the candle formation touching a high of 2.22. A resounding YES from investors!

4 weeks ago

EngineeringProfit

Wow..... HUUUUAAAAT. AAAAARR

Din see it coming😀

4 weeks ago

Tanleechoo

At last .. see the light 💡

4 weeks ago

Najib Zamry

Buy share when no one has noticed and when it is undervalued. What stock next ?

4 weeks ago

speakup

Ekovest next
tak percaya?

4 weeks ago

katara

2moro t3

3 weeks ago

Tanleechoo

2morow any chance break 2.30??

3 weeks ago

Learner68

Solid company, from many financial indicators perspective and with relatively high dividend payout too.

3 weeks ago

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