Posted by optimus9199 > 2017-03-02 23:02 | Report Abuse

Bonus issue in the making.

Posted by Saitama > 2017-03-03 09:42 | Report Abuse

When it comes to risk, its whether it is high risk or low risk. Although there is a single customer risk, I believe the risk is relatively low. In the past, the Nike brand was hurt when their manufacturers use forced labour and child labour etc. Nike's strongest competitive advantage is thier brand and cannot afford to lose. Thats why anyone who wants to become a manufacturer for Nike first needs to go through strict production audit and checks and I believe Magni is not exempted (You can read more at here: http://help-us.nikeinc.com/app/answers/detail/a_id/20878/~/nike-supply-chain-disclosure). SIG have been with Nike for more than 10 years already. Logically, as a business owner, if you work with a partner who knows exactly what you want and how to deliver it for more than 10 years, will you just cut them off? Especially when Nike have to focus more on selling more instead of keep on changing manufacturers. During the AGM, the management shared that they did diversify but Nike ordered so much that they become the largest customer again. You can also see this in their financial statements. In the 2016 annual report, they bought a very large amount of inventories (Based on cash flow statement) and in the last 2 quarters, with the forex maintained at about 4.40 - 4.50, revenue grew by 30-40% in each quarter. To me, this is evidence of massive sales. Don't get me wrong, it is still a risk, but consider whether the risk is low or high. Also, just to share, in the contract manufacturing industry, it normally runs on contracts for about 5 years each. The biggest risk for Magni I feel is whether they can keep up with Nike's demand so need to pay attention to their manpower management (which explains why they are collaborated with a Vietnamese partner to manufacture: http://www.magni-tech.com.my/?mod=pages&function=show_page&page_id=67). If they cannot meet the demands as per contract, they have to actually compensate the contracting company. Hope this helps

Posted by anonboy > 2017-03-03 12:02 | Report Abuse

Due to speculation in a rate hike in the US, this stock can consolidate much more.

Posted by anonboy > 2017-03-03 12:03 | Report Abuse

The stock is beneficial from depreciation of ringgit.

Posted by deadchicken > 2017-03-03 15:10 | Report Abuse

Huge block 5.20. Once break, free fly

Posted by RainT > 2017-03-03 16:08 | Report Abuse

Saitama
Well said
You are always a big fan of Magni

Posted by johortiger > 2017-03-03 18:25 | Report Abuse

January exports surge 13.6% to over RM70b
http://www.thestar.com.my/business/business-news/2017/03/03/january-exports-surge-to-over-rm70b/

I started buying some export-oriented stocks to prepare for a rate hike in the US. Export-oriented stocks are expected to perform well under further depreciation of ringgit due to a rake hike in the US this month.

Posted by johortiger > 2017-03-03 18:38 | Report Abuse

Top 10 Stock Picks for 2017
TheEdgeMon, Jan 09, 2017

Magni-Tech Industries Bhd

Magni-Tech Industries Bhd, the largest original equipment manufacturer for Nike in Malaysia for apparel products, could ride on the sportswear giant’s impressive growth story as Nike’s latest second quarter for fiscal year 2017 beat estimates on both sales and earnings per share.

Last year, Magni-Tech’s share price performance was disappointing as it fell by 6.47% to close at RM4.19 on the last day of 2016 despite an increase of 31.9% in its net profit for the second financial quarter ended Oct 31, 2016 to RM28.5 million.

Inter-Pacific Research Sdn Bhd has maintained its “buy” call on the apparel manufacturer with a target price of RM5.72, indicating a 36.5% upside from its last closing price on Dec 30, 2016.

With a price-earnings ratio of about 8.5 times (below the industry’s average of 9.3 times) and a strong balance sheet, the year ahead looks bright for Magni-Tech although Inter-Pacific Research cautioned that upside might take some time to materialise. It has zero debt with a total cash holding of RM62.6 million and RM74.1 million invested in investment securities.

With its dividend yield of about 3% expected to continue, its proven track record in the industry, excellent balance sheet, a stronger US dollar and an expected earnings growth riding on Nike, Magni-Tech could just entice investors to give it a second thought for 2017 after being overlooked for most of 2016. — By Billy Toh
http://www.klsescreener.com/v2/news/view/177061

Posted by optimus9199 > 2017-03-03 21:27 | Report Abuse

up up up

Posted by deadchicken > 2017-03-04 08:42 | Report Abuse

3月美聯儲若加息 美元或大漲10%

Posted by guess1978 > 2017-03-06 10:05 | Report Abuse

加码

Posted by clvhch > 2017-03-06 12:41 | Report Abuse

Add more

Posted by pharker > 2017-03-06 15:40 | Report Abuse

Why MAGNI down...everything else is up....even the smaller scale Plexus is up

Posted by optimus9199 > 2017-03-06 15:40 | Report Abuse

upcoming results should be very good

Posted by pharker > 2017-03-06 15:42 | Report Abuse

But why down today when most counters up...insider throwing ??

Posted by suregain > 2017-03-06 15:59 | Report Abuse

to kill all those who chase until 5.25

Posted by KCLiew > 2017-03-06 16:05 | Report Abuse

Press down price so that insider can collect more?

Posted by suregain > 2017-03-06 16:07 | Report Abuse

not sure about the result.. if very good, will up, else tumbling down

Posted by chshzhd > 2017-03-06 18:20 | Report Abuse

买 beli buy :)

Posted by Saitama > 2017-03-06 18:48 | Report Abuse

Why share price goes down probably you need to ask the seller. Maybe the person who sell desperately need money to buy anniversary gift. Who knows lol

Posted by Thomas Loo > 2017-03-07 13:17 | Report Abuse

sold 5.10

Posted by Jon Choivo > 2017-03-07 13:19 | Report Abuse

Its just profit taking.

Ill stay till quarter, i expect a record dividend.

Posted by optimus9199 > 2017-03-07 14:10 | Report Abuse

Bought more at 5.05 yesterday

Posted by Zenithopia > 2017-03-07 14:12 | Report Abuse

I also bought some yesterday. Long term hold. Better than FD i hope.

Posted by Bizfuneng > 2017-03-07 15:25 | Report Abuse

You done hv to keep looking at the share price every few mins. Go out hv a drink with frens and enjoy yourself. Magni boleh......dun get stressed out.

Posted by chesslim > 2017-03-08 12:03 | Report Abuse

Add special dividen coming soon ?

Posted by optimus9199 > 2017-03-08 17:44 | Report Abuse

up up

Posted by WinnerWay > 2017-03-09 14:45 | Report Abuse

When will be the Q report?

Posted by chshzhd > 2017-03-09 20:07 | Report Abuse

anytime from now

Posted by Thelastone > 2017-03-10 13:49 | Report Abuse

Look at Kesmi today after announcing their q results yesterday with eps 23.2sen.Spectacular is my impression!

Posted by pantor > 2017-03-10 21:33 | Report Abuse

Next week is Magni's turn to be spectacular!

Posted by suregain > 2017-03-10 21:49 | Report Abuse

Good result only talk la.. Hopefully

Posted by bracoli > 2017-03-11 13:05 | Report Abuse

magni qr next 2weeks!

Posted by samsambank > 2017-03-11 15:30 | Report Abuse

Magni-Tech may be beneficial from the below.

During the tabling of Budget 2017, Prime Minister Datuk Seri Najib Abdul Razak announced the setting up of a special fund of up to RM3 billion to invest in potential small and medium-cap companies, besides conducting research on 300 companies.
http://m.thesundaily.my/node/432428

Posted by optimus9199 > 2017-03-13 05:55 | Report Abuse

up up up

Posted by deadchicken > 2017-03-13 09:31 | Report Abuse

QR should be coming out this week. Buy before too late!

Posted by suregain > 2017-03-13 10:58 | Report Abuse

keep droping... poor result?

Posted by deadchicken > 2017-03-13 15:29 | Report Abuse

Sell car sell house all in Magni!

Posted by RainT > 2017-03-13 16:28 | Report Abuse

Why all in ?
Now the price is high
Still can up ???

Posted by Ahbeng11 > 2017-03-13 16:41 | Report Abuse

Get loan from ahlong then all in magni

Posted by chshzhd > 2017-03-13 16:46 | Report Abuse

haha..

Posted by ffforever > 2017-03-13 17:08 | Report Abuse

Support at 4.80. Just buy la.

Posted by optimus9199 > 2017-03-14 01:03 | Report Abuse

up up up

Posted by bracoli > 2017-03-14 07:53 | Report Abuse

Msia no longer interest in tpp says mustapha

Posted by deadchicken > 2017-03-14 10:35 | Report Abuse

Shoot up anytime. Big funds collecting now

Posted by chesslim > 2017-03-14 11:23 | Report Abuse

Which big funds ??

Posted by smoking > 2017-03-14 11:24 | Report Abuse

aku sudah ALL IN MAGNI!!!

Posted by Ahbeng11 > 2017-03-14 11:42 | Report Abuse

ade pinjam ahlong ?

Posted by henry0420 > 2017-03-14 14:19 | Report Abuse

here the fund, Fidelity Investments

Posted by deadchicken > 2017-03-14 14:34 | Report Abuse

Volume picking up. Good show coming!