MAGNI-TECH INDUSTRIES BHD
KLSE (MYR): MAGNI (7087)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
2.71
Today's Change
+0.01 (0.37%)
Day's Change
2.70 - 2.72
Trading Volume
458,800
Overview
Market Cap
1,176 Million
NOSH
434 Million
Avg Volume (4 weeks)
341,542
4 Weeks Range
2.41 - 2.72
4 Weeks Price Volatility (%)
99.63%
52 Weeks Range
1.84 - 2.72
52 Weeks Price Volatility (%)
99.63%
Previous Close
2.70
Open
2.72
Bid
2.70 x 987,300
Ask
2.72 x 21,000
Day's Range
2.70 - 2.72
Trading Volume
458,800
Financial Highlight
Latest Quarter | Ann. Date
31-Jul-2024 [#1] | 03-Sep-2024
Next QR | Est. Ann. Date
31-Oct-2024 | 05-Dec-2024
T4Q P/E | EY
8.38 | 11.93%
T4Q DY | Payout %
5.16% | 43.24%
T4Q NAPS | P/NAPS
2.13 | 1.27
T4Q NP Margin | ROE
9.65% | 15.20%
Market Buzz
2024-11-26
2024-11-26
2024-11-25
2024-11-25
2024-11-22
2024-11-22
2024-11-22
2024-11-22
2024-11-19
2024-11-19
2024-11-18
News and Blogs
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 5,240 comments
many reason to top up this counter
1) Olympic 2024
2) Peer industry QR (techbase)
3) Next week QR announcement
4) Substantial Shareholder collecting non stop
Any other positive/negative thought guys?
2024-06-23 14:04
not a high profile stock in bursa, continue to hold, so many positive factors to drive this stock up from the fundamental perspective.
2024-06-24 14:46
Dear All,
One of the items that stands out in Magni's balance sheet is its receivables. In last year's Annual Report, this amounted to RM151 million (Year 2022: RM112 million). The company recognizes this as one of the two major risks it faces, but says the risks are mitigated, presumably due to their long-standing relationship with the customer. On this, I have two questions.
1. Over 75% of the trade receivables are from just one customer (who buys the garments to sell worldwide), and yet in 2023, some RM16.4 million are classified as past due. Did all of these past dues arise from Magni's packaging business? Of particular concern is the RM1.8 million that is past due by more than 60 days.
2. Receivables also include sundry receivables, which have increased drastically from the previous year, rising from RM4.7 million to RM41.3 million. Does anyone know what this is? How did this arise?
Thanks in advance for your response.
P.S.: The receivables have since increased to RM179 million as of January 31, 2024.
2024-06-25 10:00
For Q2, check the AGM minutes and key matters discussed at its website. Under corporate governance.
The company explains “These are prepayments to suppliers which have been settled
after the end of FYR 2023.”
However, when I refer to Note 9, there is a separate item for prepayments. I don’t understand the difference.
2024-06-25 17:49
@observatory - thanks for your input. I checked the document you mentioned, and googled for the difference between the two items, and this is what got:
Sundry Receivables
Definition: Small, miscellaneous amounts owed to the company by various parties for different reasons.
Examples: Refunds, small debts, reimbursements, etc.
Prepayments
Definition: Amounts paid in advance for goods or services that the company will receive in the future.
Examples: Advance payments for goods, services, rent, insurance, etc.
Anyway, in the latest Q, the receivables have reduced to RM123.5 mil from RM151.4 mil a year ago. So, this is no longer a concern.
2024-06-26 10:37
Nike share price drop 20% following disappointing sales forecast. Hold tight.
2024-06-30 00:18
MAGNI-Tech on the rise, is a Major Breakout Brewing?
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-04-story-h468200693-MAGNI_Tech_on_the_rise_is_a_Major_Breakout_Brewing
2 months ago
Public bank gives target $3.26!
The excellent QR+5c dividend shall push it to $3.26 by this Friday.
2 months ago
Kyy maybe already bought.
once high high then he will write Buy Call in i3
then u follow u die
2 months ago
Uncle YY so pro this round bought MAGNI..
This stock is AA stock..
Nothing to critic from cash to earning
2 months ago
$1bil market cap but cash RM600mil!!! crazy company. Just interest income one year already RM20mil++!!!
2 months ago
The can easily afford more dividends, but guess management is conservative. Very little info out there about this company and their business.
2 months ago
Hard to say as business is dependent on one major customer, not sure what is their moat. Also depends on what they do with the cash. If more of it comes out as dividends or share buy back and assuming business goes on as usual, will be worth more.
2 months ago
Don't need to say target price like broker..it's a waste of time. The biz is very simple and it's benefit from trade diversion. Do remember Magni is just one of the many supplier to Nike and it doesn't matter.. they have been doing this for so long.
2 months ago
Best gauge for this kind of business is DDM. Assume it continue to pay 4 cents every quarter (annualise) and discount it by 5% yield. That will be will roughly the price that i will pay to take over the whole co. This co is a turtle co and not suitable for goreng kaki. So dont need to look at here.
2 months ago
I will not be surprised if they are going to announce dividend of 20 sen per share anytime soon
2 days ago
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-27 16:35:00
EMA 5
5 Mins
BUY
2024-11-27 16:30:00
EMA 5
5 Mins
SELL
2024-11-27 16:20:00
EMA 5
10 Mins
BUY
2024-11-27 16:10:00
EMA 5
5 Mins
BUY
2024-11-27 15:45:00
ADX
5 Mins
SELL
Apps
Top Articles
1
Dragon Leong blog
2
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
5
THE INVESTMENT APPROACH OF CALVIN TAN
JAYA TIASA (4383) WAS 71.5 SEN REPOSTING THIS PALM OIL JEWEL & LATEST UPDATES, Calvin Tan
6
CEO Morning Brief
7
Follow Kim's Stockwatch!
8
RHB Investment Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
MR. BEAN
PCCS alot better
2024-06-13 22:33