in Q1 2017, revenues for Magni increased by 40%. Since USD MYR rate is stabilized at about 4+, this is definitely from increased sales order by customers. In Nike's 1st quarter report page 3, global apparel sales increased from US$ 2.34 bil to US$ 2.55bil or US$ 208 million increase. this is in US$ millions and billions. Quite scary to see how ppl spend on clothing. But that is probably why Magni received such huge orders.
I don't know. Maybe the person who is desperate enough to sell cheap probably needs money quick to buy his girlfriend an anniversary present. I envy that person who gets to buy it cheaper haha
Magni produces apparels (Clothings) for Nike and other Brands also. But Nike has almost 400 other manufacturers according to their annual reports. All I know is that the demand for Nike's products will go up. Whether it is confirmed that they will order for Magni I don't know. But there is a good chance.
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....
mysmo1
201 posts
Posted by mysmo1 > 2016-09-30 11:42 | Report Abuse
just join this counter at 4.2 hope this is the good time to enter and time to rebound....waiting for the dividend too