MAGNI-TECH INDUSTRIES BHD
KLSE (MYR): MAGNI (7087)
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Last Price
1.91
Today's Change
+0.01 (0.53%)
Day's Change
1.90 - 1.92
Trading Volume
110,900
Profile
MAGNI-TECH INDUSTRIES BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Subsector: PERSONAL GOODS PERSONAL GOODS
Index Group: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Address
Midlands Park Centre, 488-A Level 18, Penas Tower, Jalan Burmah, Penang 10350, Malaysia
+6042288826
Discussions
7 people like this. Showing 50 of 5,131 comments
Yesterday huge volume transaction to wash out and believe something will happen...
2021-10-22 12:40
Today managed to get some tickets at RM 2.09 from my queue.good luck guys.
2021-11-09 22:36
@valuewood11 broke support, no catalyst to push it higher.
Personally, I will try to collect at 1.6 and/or 1.5. Else, just buy stocks that will benefit from the upcoming interest rate hike (catalyst).
2021-11-24 11:01
i think this quarter's result will not be good. Will have to wait for next year. They also sold a piece of land where the gain will come in next year
2021-11-25 17:08
Magni partnered with Nike for years (apple term for sports apparel). I dont think ESG would be an issue. Lockdown n poor quarter is probably why. Company is net cash. So just sit tight and topup bit by bit. That said near term sentiments are poor generally. Expect to reach 1.8ish.
2021-11-26 15:30
Yes, this quarter's result will be bad as well...hope for a better one in the future. They have gain on land disposal next year as well
2021-11-29 20:47
Very funny, their packaging company incurred flooding last week but totally no announcement to Bursa
2021-12-27 09:49
@ccy123 how you know? Got proof? How badly was it affected? Are you vested in the company?
2021-12-27 17:53
Quarter Result out.. Not as bad as expected.. Hope for better qtr ahead
2021-12-27 19:15
PBT 20.2m included one off gain of 17m from disposal of property.
this QR only 1 month operation, didn't incur losses considered good d.
2021-12-27 19:39
After adjusting for one-off disposal and foreign exchange
gain amounting to RM17.3m, Magni slipped into a core net loss of RM0.2m.
2021-12-28 09:24
Eps improved compare to previous quarter. Business slowly improving. Raw cost might erode earnings though. FY22 will be tough.
2022-03-18 22:20
Obviously, the stock will be higher in the short term. If you have observed the stock for the past few days, you will feel the underlying strength.
2 months ago
If you buy a little bit more, banker will push it down... Test to see if your heart is strong
2 months ago
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That's good news.
2021-10-01 17:05