The CEO of Magni really walks the talk. He had told me during the AGM last year that the company will stay profitable and to continue giving the shareholders sweets.
I will hold on to his words and accumulate more shares in Magni for long term returns.
TTM ROIC for Magni stands at 55.2%. At trading price of 4.48, Magni is trading at EV/EBIT of 6.4 times the earnings. That means Magni is undervalued at this point!
I belief Magni will shoot up on Monday. And Amanah raya will continue to accumulate this stock to be their next dividend cow. I hope Magni will be listed as blue chips of KLCI one fine day. :)
Magni I sold earlier with some profit and it shoot up much much higher after that... then I only bought back after the last results were out last quarter.
Now..i think..this is a stock one should not easily let go...
RM, ya lah don't bother him. The way he talked like animal. Any stock can grow big under the right conditions. Last time Apple also almost bankrupt and who know it is a most profitable company in the world. May b muscle miss the boat that's way he behave like this.
TQ Jeremiah....but i dont need yr defence, let the public people analyse this type of ppl. I belief i3 admin had taken actions towards muscle. Hope he to be banned soon.
Data show that although major shareholder Tan Sri Vincent Tan continue to sell shares in the open market over the past few months, but the stock still rose by nearly 175 percent in the past year.
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....
CCCL
621 posts
Posted by CCCL > 2016-03-19 08:24 | Report Abuse
Yes for sure !!!! Even MYR at 3.3-3.4 the 9 months ending at Jan 2015 earning per share stands at 21.86 sen. Huat aaaaah !!!!