MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.81

Today's Change

+0.11 (4.07%)

Day's Change

2.79 - 2.92

Trading Volume

3,705,800


7 people like this.

5,244 comment(s). Last comment by Papayashot 18 hours ago

Begineer

482 posts

Posted by Begineer > 2021-11-24 21:52 | Report Abuse

The complete vaccination rate is ~50%. It's going to get better

Posted by All_in_2021 > 2021-11-25 17:08 | Report Abuse

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

leekh5555

545 posts

Posted by leekh5555 > 2021-11-25 18:16 | Report Abuse

labour intensive industries need extra careful for ESG.

Zackmeiser

309 posts

Posted by Zackmeiser > 2021-11-26 15:30 | Report Abuse

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.

Begineer

482 posts

Posted by Begineer > 2021-11-26 17:09 | Report Abuse

Yea... if it go down, top up slowly

Posted by All_in_2021 > 2021-11-29 20:47 | Report Abuse

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

chesslim

892 posts

Posted by chesslim > 2021-12-20 23:01 | Report Abuse

Cash flow history new high, maybe this Q hv special dividen.

Begineer

482 posts

Posted by Begineer > 2021-12-21 18:45 | Report Abuse

when Qr report out?

ccy123

279 posts

Posted by ccy123 > 2021-12-27 09:49 | Report Abuse

Very funny, their packaging company incurred flooding last week but totally no announcement to Bursa

Maxpowar

313 posts

Posted by Maxpowar > 2021-12-27 17:53 | Report Abuse

@ccy123 how you know? Got proof? How badly was it affected? Are you vested in the company?

Posted by All_in_2021 > 2021-12-27 19:15 | Report Abuse

Quarter Result out.. Not as bad as expected.. Hope for better qtr ahead

remus

113 posts

Posted by remus > 2021-12-27 19:39 | Report Abuse

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.

Posted by ITreeinvestor > 2021-12-28 09:24 | Report Abuse

After adjusting for one-off disposal and foreign exchange
gain amounting to RM17.3m, Magni slipped into a core net loss of RM0.2m.

yfchong

5,888 posts

Posted by yfchong > 2022-01-01 18:54 | Report Abuse

Revisiting. Magni

Zackmeiser

309 posts

Posted by Zackmeiser > 2022-01-04 21:05 | Report Abuse

Acceptable quarter given circumstances

Begineer

482 posts

Posted by Begineer > 2022-01-05 16:08 | Report Abuse

go go go

chesslim

892 posts

Posted by chesslim > 2022-02-16 00:48 | Report Abuse

记住,当别人恐惧时你要贪婪。

KokWeng

10 posts

Posted by KokWeng > 2022-02-16 00:49 | Report Abuse

Back to RM 2, cantik sekali

Begineer

482 posts

Posted by Begineer > 2022-02-17 12:03 | Report Abuse

Yea... go go

Posted by All_in_2021 > 2022-03-08 19:27 | Report Abuse

Qtr result soon...any idea gonna be good?

Zackmeiser

309 posts

Posted by Zackmeiser > 2022-03-18 22:20 | Report Abuse

Eps improved compare to previous quarter. Business slowly improving. Raw cost might erode earnings though. FY22 will be tough.

Begineer

482 posts

Posted by Begineer > 2022-06-02 17:33 | Report Abuse

Go go go ... cross RM2

chesslim

892 posts

Posted by chesslim > 2022-06-05 21:19 | Report Abuse

Good Q result coming !! high dividend coming !

Begineer

482 posts

Posted by Begineer > 2022-06-07 17:35 | Report Abuse

hopefully

cumcumshot

438 posts

Posted by cumcumshot > 2022-06-09 21:39 | Report Abuse

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.

cumcumshot

438 posts

Posted by cumcumshot > 2022-06-13 21:32 | Report Abuse

If you buy a little bit more, banker will push it down... Test to see if your heart is strong

William Ng

893 posts

Posted by William Ng > 2022-06-22 12:10 | Report Abuse

any good news for this old man stock?

chesslim

892 posts

Posted by chesslim > 2022-06-22 17:20 | Report Abuse

Maybe give dividen 0.05 cents.

VFTRADER

788 posts

Posted by VFTRADER > 2022-06-23 11:19 | Report Abuse

Booming demand for Vietnam products in CQ1 onwards......

Good for Magni-Tech??

chesslim

892 posts

Posted by chesslim > 2022-08-08 22:43 | Report Abuse

记住,当别人恐惧时你要贪婪。

VFTRADER

788 posts

Posted by VFTRADER > 2022-09-12 21:22 | Report Abuse

Ha ha, Net Cash/Share = RM0.95!!!!

Begineer

482 posts

Posted by Begineer > 2022-10-03 13:44 | Report Abuse

gg

James_Bond

3,443 posts

Posted by James_Bond > 2022-11-14 14:40 | Report Abuse

Casino royale money is back to Magni! Magni is deeply undervalued, a diamond not to miss at the moment! World Cup 2022 is coming up, expected high football jersey demand, earning in the form of USD, of course the highlight of cash per share 0.91… hence, personally believe management will give out high dividends payout in December 2022… Cheers!

James_Bond

3,443 posts

Posted by James_Bond > 2022-11-17 13:49 | Report Abuse

Football/ Vietnam/ Recovery theme play! Cheers!

James_Bond

3,443 posts

Posted by James_Bond > 2023-01-10 06:42 | Report Abuse

Go go go Magni! Believing you will break at least 1.95!

cbkia4896

936 posts

Posted by cbkia4896 > 2023-03-01 16:16 | Report Abuse

gg bad qr?

cbkia4896

936 posts

Posted by cbkia4896 > 2023-03-08 17:52 | Report Abuse

Oh qr not bad

speakup

27,096 posts

Posted by speakup > 2023-03-08 20:02 | Report Abuse

Not bad? It's not good lah

cbkia4896

936 posts

Posted by cbkia4896 > 2023-03-08 21:57 | Report Abuse

not bad not good, at least not bloody can already

Posted by pinnaclegrade > 2023-03-08 22:35 | Report Abuse

let's see tomorrow

cbkia4896

936 posts

Posted by cbkia4896 > 2023-03-08 23:23 | Report Abuse

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

cbkia4896

936 posts

Posted by cbkia4896 > 2023-03-09 13:08 | Report Abuse

Wehhh no one buang keee

Posted by pinnaclegrade > 2023-03-10 16:13 | Report Abuse

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

dlhoh

26 posts

Posted by dlhoh > 2023-04-25 09:12 | Report Abuse

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

dlhoh

26 posts

Posted by dlhoh > 2023-06-09 09:22 | Report Abuse

Sma 50 crossed SMA 200

katara

264 posts

Posted by katara > 2023-09-12 16:07 | Report Abuse

buy ..

teknikal

184 posts

Posted by teknikal > 2023-09-14 10:51 | Report Abuse

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.

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