Posted by Whey Whey > 2017-09-25 19:00 | Report Abuse

Good closing! Look like tmr will be another uptrend :)

Posted by Calvin882 > 2017-09-25 23:40 | Report Abuse

Tan Sri buying again

Posted by JN88 > 2017-09-26 11:05 | Report Abuse

Tan Sri slow slow eat......so T1 T2 T3 T4 T5 T6 T7 T8 T9 T10 players only can go Holland ma.

Posted by JN88 > 2017-09-26 11:05 | Report Abuse

Free warrant and share split coming soon.

Posted by cyeec2000 > 2017-09-26 12:52 | Report Abuse

Free warrant?

Posted by JN88 > 2017-09-27 22:01 | Report Abuse

This counter everyone run ady. Now remaining me and Tan Sri.

Posted by Soulavatar > 2017-09-28 10:49 | Report Abuse

Anybody can share takeaways from agm meeting?

Posted by Slash_13 > 2017-09-28 11:08 | Report Abuse

no door gift, refreshments is nice

Posted by JN88 > 2017-09-28 12:52 | Report Abuse

Tan Sri did mention anything ?

Posted by tokohM > 2017-09-28 16:35 | Report Abuse

like last time, never have door gift.

Posted by Whey Whey > 2017-09-28 16:42 | Report Abuse

Wow good news at AGM? Price suddenly shoot up ^^

Posted by Fabia99 > 2017-09-28 16:44 | Report Abuse

Does anybody know what happened? The price went up to 6.50 out of sudden

Posted by Whey Whey > 2017-09-28 16:46 | Report Abuse

Patiently wait for the bursa announcement ^^

Posted by Whey Whey > 2017-09-28 17:15 | Report Abuse

09 oct? Still a long way to go....whr u hear the rumors from? Haha

Posted by JN88 > 2017-09-28 17:27 | Report Abuse

Tan Sri never dissapoint me.

Posted by clvhch > 2017-09-28 18:40 | Report Abuse

Hi,any good news from today agm?thanks

Posted by JN88 > 2017-09-28 22:05 | Report Abuse

Tan Sri very sad. Today I went to AGM only me and few Tan Sri..... Tan Sri ask where the other share holder. I say once drop from 7.3 to 6++ everyone also Run till mother can't recognized ady.only me and you Tan Sri.

Lol

Posted by cyeec2000 > 2017-09-29 08:35 | Report Abuse

Their bussiness still to remain resilient..

Posted by Whey Whey > 2017-09-29 09:28 | Report Abuse

Woo shoot up again

Posted by richboy > 2017-09-29 09:44 | Report Abuse

Bought after correction will not regret...keep it for long term like FD! Cheers =)

Posted by resilient911 > 2017-09-29 10:40 | Report Abuse

too bad.. didnt top up at 6.10
:(

Posted by Whey Whey > 2017-09-29 10:43 | Report Abuse

Good if magni can hold above 6.7 when closing can retest all the gap between 6.8-7.1 to fill up that gap^^

Posted by optimus9199 > 2017-09-29 12:11 | Report Abuse

Pls buy as much as possible

Posted by tjunkie > 2017-09-29 12:32 | Report Abuse

true most "investor" only see price but not value. they waste too much time speculating what is the price at any given time than seeing the value of the future tomorrow

Posted by herry168 > 2017-09-29 12:45 | Report Abuse

carilembu, sy sudah jumpa lembu sy, belum jual belum tentu kalah, lembu tetap kembali..:)

Posted by herry168 > 2017-09-29 14:31 | Report Abuse

haha..since u know nobody is winner in the market...u think u r looser better quit this market immediately for lesser pain...:) 1+1=2, but sometime have different answer...no worry

Posted by clvhch > 2017-09-29 14:46 | Report Abuse

<美女20th AGM>

网友刚好到槟城游玩, 也就藉机参加了昨天美女第20届的股东大会并和水星熊分享了一些照片和内容,非常感谢她的用心.

以下是她参与会议过程的一些摘录, 自己大多是直接copy & paste她发给水星熊的讯息, 顶多是做一点文法上的修饰, 所以可能会出现简体和繁体字两用的状况, 内容也包括了一些她的个人意见, 主观与否还请自行过滤筛选.

摘录:

這邊的AGM 文化不同, 先餵飽股東才開會. 說好10點開始, 我10.08am到 registration有兩個redundancy, 直到10.30am大家還在吃buffet.

出席人数不多, 大概 40人上下, 并没有door gift.

正式会议中完全沒有人問問題, 于是我就和一些小股东在Break 的時候找了Managing Director Tan Poay Seng(下面简称他为MD)開刀.

- 大家很關心 cost的问题,MD 安慰說 他們在做著東西

- 他們在嘗試diversify , 說了很多次diversification 但是 沒有說明確鑿計劃是什麼

- 有許多大牌子找Magni 合作, 但是 數量太少, margin 太少 所以Magni 不要做

- 新的廠會是一個flagship 廠, 會在 2018年建峻

- 即便被問及, MD也沒有分享現有的廠被用的capacity 是多少, 將來的 order book 的outlook 如何也沒有說明. 我問MD 那你是不是盲目地沒有order 就去建廠了才來找order? 他說不是, 他做了一定的功課

- 我問MD你如何做準備以避免上一季的成績歷史重演? 他說上一季主要是因為forex loss （ 其實還有 馬來西亞和越南的最低薪資制）, MD 說他們的對峙法是to diversify, 也說不管馬幣如何漲 退 公司還是賺錢, 加上買賣貨都是直接以外匯處理,有了一層自然的對衝,所以不會太擔心兌換率影響公司業績, 最重要是保持margin. 我想直到下一季和下下一季成績出爐, 這個diversify 是否成功, 是否能夠力挽狂瀾應該還不太看得出來, 還存在一定的不確定因素, 我会給他半年到一年时间吧, 不一定要回到前個季度那麼強, 不過會要求有起色的跡象

- 他說他們有86mil in reserve 和88mil in money market, money market 會是比較好的存放地方 對share holder 好 因為tax free (事后在季报中是可以找到他提到的88mil Investment In Money Market Related Unit Trust但不确定他提到的86mil in reserve是包含了那一个数字)

- 有人問 你們為何坐拥那麼多cash? 是不是under usage的表现? MD 說这就是他們要diversify的理由不過對於未來 他還都是保持prudent 態度

感覺上 這個從爸爸手中接過棒子的MD 是怕shareholder 的,他溫文有禮, 但少了企業家那種一出來就鎮住四方的霸氣. 我問他問題應該是問到太尖銳, 结果他問我是不是analyst .

他引用了以前公司一路以來成績有多好, 但是我一而再,再而三地問他未來的展望, 甚至尖酸刻薄地稍稍攻擊他并施壓, 他始終不透露,而是說 ”我可以告訴你很多beautiful pictures 但是最重要的是 我有沒有deliver 到“ . 我說:”你放心, 明年我會回來問你, 看你說過的做了沒有.”他只是微笑不再說話.

~水星熊~

Posted by Whey Whey > 2017-09-29 17:01 | Report Abuse

Good closing!! Hopefully next week can start fill up the gap between 6.8-7.1^^

Posted by michaelwong > 2017-09-29 20:11 | Report Abuse

Strong buying support while closing . Next week looks set for another possibility of uptrend . Should sell some on strength to lock in profits after several days of gains . I sold some today easily at 6.78 . A very promising stock and waiting to buy back if there's chances of retreat . Cheers to all happy magni investors .

Posted by resilient911 > 2017-09-30 08:32 | Report Abuse

https://www.yahoo.com/amphtml/finance/news/nikes-growth-strategy-bad-news-traditional-retailers-165752601.html

Posted by lsv1977final > 2017-10-01 08:05 | Report Abuse

This is a bad news to retailer. Not manufacturer

Posted by Alex Foo > 2017-10-01 16:38 | Report Abuse

prlexus =(

Posted by RainT > 2017-10-01 20:51 | Report Abuse

Prolexus better

Undervalue now

Posted by Whey Whey > 2017-10-02 08:13 | Report Abuse

Prolexus is downtrend now better dont catch the falling knife unless u know where is the bottom is haha

Posted by michaelwong > 2017-10-02 17:56 | Report Abuse

Vow ! Heading 7.00 for sure with limited profits taking from previous rise up .

Posted by Whey Whey > 2017-10-03 14:41 | Report Abuse

Yes! As i said b4 it going to fill up the gap between 6.8-7.1!! If can break 7.15 than the next resistance will be 7.2-7.5 ^^

Posted by optimus9199 > 2017-10-03 14:41 | Report Abuse

up up up! huat ahhh

Posted by shpg22 > 2017-10-03 16:10 | Report Abuse

Prolexus is definitely more expensive than Magni in term of valuation. Prlexus growth is stagnant while Magni is at double digit growth. Comparing price for value is for fools.

Posted by ESPESP > 2017-10-03 16:12 | Report Abuse

http://t.me/espesp
Support me and look at my call la.. when it is below RM6.2
Now RM7.08 , 15% Gain

Posted by goodguess > 2017-10-03 16:13 | Report Abuse

bonus issue or special dividend coming?

Posted by optimus9199 > 2017-10-03 16:14 | Report Abuse

I pity those people who had sold down Magni shares so cheaply at RM 6.10 last month

Posted by Whey Whey > 2017-10-03 16:15 | Report Abuse

good now if it can stay above 7.15 than it can start testing 7.4^^

Posted by goodguess > 2017-10-03 16:19 | Report Abuse

probably those who sold are people who bought at 4 or 5 and feel that the result was not so good. And since they still make good money, they sell. Now the balance holders are longer term holders, lets hope it can hit 7.50 soon.

Posted by optimus9199 > 2017-10-03 16:28 | Report Abuse

I had been holding Magni since 2014 at RM 2.00, till now, i m holding many shares of Magni still

Posted by ivan9511 > 2017-10-03 16:44 | Report Abuse

good job . limit up again

Posted by KYYMachai > 2017-10-03 16:45 | Report Abuse

Switching my holdings to Petronm
----------------------------------------------------------------------------------------------------------

Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

Posted by Whey Whey > 2017-10-03 16:47 | Report Abuse

Pls don't post thread unrelated to Magni here thx

Posted by CKNGCKI3 > 2017-10-03 19:38 | Report Abuse

Agree..!

Posted by michaelwong > 2017-10-03 20:15 | Report Abuse

This forum is solely for magni investors and if you are interested in petron share , post your comments in petron forum . Your informations have no related correlation with magni share investors........ right !

Posted by JN88 > 2017-10-03 20:33 | Report Abuse

Share split coming.