MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.54

Today's Change

+0.03 (1.20%)

Day's Change

2.50 - 2.54

Trading Volume

201,400


7 people like this.

5,237 comment(s). Last comment by Supernoob 2 months ago

Posted by BearbearDDD > 2015-09-10 11:27 | Report Abuse

TP for magni is only 5.15
margin of safety is far from 20%
SELL now

02/09/2015 4.15 4.34 +0.19 (4.58%) BUY RHB-OSK Price Target News
20/08/2015 4.00 4.34 +0.34 (8.50%) BUY RHB-OSK Price Target News
06/08/2015 4.33 5.15 +0.82 (18.94%) TRADING BUY KENANGA

Posted by miss_secret > 2015-09-10 11:54 | Report Abuse

@chshzhd , thanks .then want hold until what price sell ?

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 11:55 | Report Abuse

from me...eps53X11=TP5.80 :)

Posted by miss_secret > 2015-09-10 11:59 | Report Abuse

@chshzhd , ok i follow you. i sell rm5.75 XD

yfchong

5,877 posts

Posted by yfchong > 2015-09-10 12:01 | Report Abuse

Knock knock is samgchee, here......, any opinion on magni.. thks

Posted by BearbearDDD > 2015-09-10 12:01 | Report Abuse

2---is a weak quarter
1---14.35


4---15.24
3---16.12
2---7.38 <--- drop from 8.74 is a weak quarter
1---9.3


4---7.83
3---13.68
2---8.74
1---8.42

angku

489 posts

Posted by angku > 2015-09-10 12:10 | Report Abuse

scare up scare down. Put in fix deposit better

HuatRex

2,617 posts

Posted by HuatRex > 2015-09-10 12:16 | Report Abuse

Hold until next quarter. Those scare can sell

Posted by BearbearDDD > 2015-09-10 12:37 | Report Abuse

Next 4.25
And finally 4.00
Kudos to those buy 4.55 today

samcghee

670 posts

Posted by samcghee > 2015-09-10 13:05 | Report Abuse

I just hold it and waiting magni to give dividen first, follow up closely quarterly results.I have hold it since 2011 until now.

林俊松

6,930 posts

Posted by 林俊松 > 2015-09-10 13:12 | Report Abuse

BearbearDDD, please dun kacau here lah, this is a sure earn counter.
samcghee, when they will declare dividend 10 cents? Previously they declare about this time.
By the way, I buy back Magni at RM4.58 & confidently to hold for long term.

shawnie

245 posts

Posted by shawnie > 2015-09-10 13:13 | Report Abuse

Warrant king
yes we shall see atleast same eps or more for next Q. As long as oil price stay below 60 usd, i see no reason how MYR can make a return. it probably takes 1-2yrs to recover to 3.3-3.5 level provided oil price stay above 60ish usd.
Magni bonus issue indicate they wana push up the price.
1. MD bought 2.55 million shares off market. Why he did that if magni going down.
2. Vincent Tan sold partial since few months ago,the partial as in not more than 10%, possible of increase market liquidity.
3. Cotton price has dropped since mid 14, which the raw material cost reduce. If they bought using USD, that could be hedge automatically.
4. If you worry of the drop from 4.66 to 4.5X, please check magni chart, it will jump one gap above, drop a few days and move up with turtle speed. Don't trust me? check the chart now.

shawnie

245 posts

Posted by shawnie > 2015-09-10 13:21 | Report Abuse

Lim, dividend will be discuss during AGM next month i believe. Together with bonus issue probably.

bearbear11

241 posts

Posted by bearbear11 > 2015-09-10 13:27 | Report Abuse

Weak quarter for Magni.....dont get trapped. FV: RM4

yfchong

5,877 posts

Posted by yfchong > 2015-09-10 13:28 | Report Abuse

Thks bro samgchee...,how do u think about m flour long time u no go there .., thks for comment ..,see u at m flour i3forum..,

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 13:31 | Report Abuse

the trend is very good for magni, no more weak quarter for magni:)
only xtra strong 3rd quarter:)

Posted by BearbearDDD > 2015-09-10 13:37 | Report Abuse

Look at prlexus
Now everyone forget about it

Posted by BearbearDDD > 2015-09-10 13:38 | Report Abuse

Prlexus failed to improve eps
What make magni superior compare to it

Posted by BearbearDDD > 2015-09-10 13:39 | Report Abuse

The first qoq drop is a bad sign
The next qoq drop everyone will definitely sell their pant

Posted by BearbearDDD > 2015-09-10 13:40 | Report Abuse

Last call today
Sell before it go back to 4.25 then 4.00

Posted by BearbearDDD > 2015-09-10 13:41 | Report Abuse

Next QE will drop 50% caused by weak quarter and 39% cost of production hike

Posted by BearbearDDD > 2015-09-10 13:45 | Report Abuse

Prlexus eps drop 50% for 3 consecutive quarters

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 13:49 | Report Abuse

prlexus because of expansion...going to be good too:)

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 13:52 | Report Abuse

another thing is it seems that magni profit record was better n more stable than pelexus,that is why i choose magni instead of prlexus.

Posted by BearbearDDD > 2015-09-10 13:53 | Report Abuse

Prlexus
Pbt also drop
It is sign the sales drop

Posted by BearbearDDD > 2015-09-10 13:54 | Report Abuse

Magni share the same pbt drop with prlexus

Posted by BearbearDDD > 2015-09-10 13:55 | Report Abuse

It will follow the continued sales drop
Sales has been dropping from April to June

Posted by BearbearDDD > 2015-09-10 13:56 | Report Abuse

Why the sales drop?
Why from April to June?
Why not gonna happen in July to September?

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 13:57 | Report Abuse

magni sales up last quarter +this quarter:) is a peace of mind to invest in this counter:)

shawnie

245 posts

Posted by shawnie > 2015-09-10 14:04 | Report Abuse

BearBear u dont even know what u talking......newbie?

Posted by BearbearDDD > 2015-09-10 14:07 | Report Abuse

Tp 5.15
Margin of safety is less than 15%
Sell!

Posted by BearbearDDD > 2015-09-10 14:09 | Report Abuse

Next quarter is weak quarter
Not worth to buy at this price
Sell now

Posted by BearbearDDD > 2015-09-10 14:09 | Report Abuse

Only buy at 4.00

Posted by CrossSymbol > 2015-09-10 14:15 | Report Abuse

This bear confirm sold it already and keep talking nonsense in hope the share price will come down so that he could jump on to the boat again. Shame and pathetic bear.

Posted by BearbearDDD > 2015-09-10 14:18 | Report Abuse

Just bought at 4.7
now 4.55
Won't buy again

Posted by BearbearDDD > 2015-09-10 14:23 | Report Abuse

Tomorrow will be just bought at 4.55
Now 4.25
Won't buy again

Posted by BearbearDDD > 2015-09-10 14:24 | Report Abuse

Next week will be just bought at 4.25
Now 4.00
Won't buy again

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 14:52 | Report Abuse

no more 4.5x after this afternoon...:)))))))

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 14:54 | Report Abuse

this is the price after bonus issue 2--->3

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2015-09-10 15:59 | Report Abuse

Yes the average price after ex bonus 1:2 will be range of rm 1.60 - 3.30

angku

489 posts

Posted by angku > 2015-09-10 16:07 | Report Abuse

Selfish bear, you are so cute

chshzhd

1,908 posts

Posted by chshzhd > 2015-09-10 16:09 | Report Abuse

if 5.50 x 2/3 = 3.67 :)

林俊松

6,930 posts

Posted by 林俊松 > 2015-09-10 16:52 | Report Abuse

Good closing at RM4.64, index up 10 points even though Europe & USA drop!!!
Malaysia boleh!!!

chl1989

2,552 posts

Posted by chl1989 > 2015-09-10 17:08 | Report Abuse

Tomorrow touch rm4.9? :)

yfchong

5,877 posts

Posted by yfchong > 2015-09-10 17:13 | Report Abuse

yes yes, then comes AGM/EGM push up to RM6 , bonus issues..,yeh

chl1989

2,552 posts

Posted by chl1989 > 2015-09-10 17:19 | Report Abuse

Once mr otb recommends to his followers, price will surge up :)

林俊松

6,930 posts

Posted by 林俊松 > 2015-09-10 17:41 | Report Abuse

chl1989, did u subscribe to mr otb services?
What is the tp for Magni? I remembered last time about RM6.97.
I sold today at RM4.66, I holding cash & plan to buy in again after USA fed meeting.

walau2u

271 posts

Posted by walau2u > 2015-09-10 20:45 | Report Abuse

Be careful because Misai VT keeps selling...........

CCCL

621 posts

Posted by CCCL > 2015-09-10 21:15 | Report Abuse

VT just take from his right pocket to his left pocket to scare the hell out.....

Wowalk

110 posts

Posted by Wowalk > 2015-09-10 21:21 | Report Abuse

cccl,any conclusive proof on your assumptions?

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