Posted by m00077 > 2015-06-11 13:17 | Report Abuse

coolio, what is DCFA, FCFF, FCFE?

Posted by coolio > 2015-06-11 14:21 | Report Abuse

m0007, DCFA- Discount Cash Flow Analysis
FCFF- Free Cash Flow to Firm
FCFE- Free Cash Flow to Equity

I would suggest you attend KC online course for a small fee, you will be greatly benefited from his training if you put in some effort, believe me.

Posted by yfchong > 2015-06-11 15:38 | Report Abuse

another comment, trust and believe me you won't forget live long learning..,

Posted by gnail > 2015-06-12 09:15 | Report Abuse

aiya, ringgit depreciate mah, magni mainly export business, deal in USD (1USD = RM3.8 now), profit should be quite good now...

Posted by m00077 > 2015-06-13 13:50 | Report Abuse

coolio, your comment "fair Value is RM5.79, potential gain of 64% from current price". Is KC also agreed with what your study above? If he agreed, I will sure to jump in and buy more Magni share. I know KC is very but I don't have time now. I am working long hours daily. I am going to retire, I will join his study team then.

Posted by m00077 > 2015-06-13 14:10 | Report Abuse

Magni is not generous in giving out dividend. This is a shortcoming and weakness of Magni. As I depend a lot on dividend for my expenses.

Posted by Probability > 2015-06-13 16:52 | Report Abuse

m00077.....there's no doubt about it. its a very conservative estimate.....

Posted by coolio > 2015-06-14 22:21 | Report Abuse

m00077, KC have said many times in his article, DCFA assumption is very subjective. The assumption that i used for Magni analysis is very conservative estimate as what probability said. I believe investing in this kind of stock is very safe, downside is low.

Posted by wooddragon > 2015-06-14 23:39 | Report Abuse

This company should start make use of the 120 mil+ cash that it has generated all this while. The director has been saying to expand the business since last year September but until now no movement at all! A low profit margin business which could be one of the reason why it is selling at such a low PE ratio.

Posted by m00077 > 2015-06-15 11:02 | Report Abuse

Noted your comment coolio. I will keep the Magni shares that I have in hand now instead of selling and at the same time waiting for the opportunity to accumulate more as Magni has very health and strong balance sheet.

Posted by m00077 > 2015-06-17 08:20 | Report Abuse

start to enter at 3.36 yesterday and keep as long term investment.

Posted by chshzhd > 2015-06-17 22:38 | Report Abuse

start enter at 3.2x last two month and keep as long term ...

Posted by yfchong > 2015-06-19 12:02 | Report Abuse

about time to release it's earnings........,

Posted by Probability > 2015-06-22 14:39 | Report Abuse

what a gap...

Posted by chshzhd > 2015-06-22 20:18 | Report Abuse

good counter..

Posted by oxxxyxxx > 2015-06-23 18:23 | Report Abuse

Good result !

Posted by yfchong > 2015-06-23 18:37 | Report Abuse

Eps good

Posted by gnail > 2015-06-23 20:53 | Report Abuse

result not bad...
４块2 我就翻倍.....
should worth RM3.8 at least, RM48.04 x 8(PE ratio) = RM3.84
RM4 should be no problem.

Posted by Probability > 2015-06-23 21:46 | Report Abuse

SPECTACULAR results!!!!!

Simply... superb.

Posted by Probability > 2015-06-23 22:15 | Report Abuse

Say forward looking EPS: 15 sen x 4 qtrs = 60 sen
Payout say 30% = 20 sen
assume a dividend yield you want = 4 %
Price should be = 5.00

Current payout appears to be increassing...last 2 qtr dividend itself already 15 sen.
Thats like 50% payout...

So calculate and see...to me it appears like another Latitude in the making.
Buy before KYY eyes this.....

Posted by yfchong > 2015-06-23 22:54 | Report Abuse

Just keep it.,

Posted by Wowalk > 2015-06-24 06:39 | Report Abuse

Kyy?

Posted by coolio > 2015-06-24 10:02 | Report Abuse

congrates all...yehaaaaa

Posted by bfmtechnology > 2015-06-24 10:15 | Report Abuse

Good 4th results is good compare with peer of PRLEXUS. There is RM2.9 millon other income. I wonder what it is?

Posted by wooddragon > 2015-06-24 10:16 | Report Abuse

This stock volume so low, doubt KYY will be interested hahaha, nevertheless good result posted (y), if they can maintain the same profit margin and growth, the share is expected to see similar growth in the next few quarters as well. It appears Magni spent another 20 mil in unit trust (other investment)?

Posted by chshzhd > 2015-06-24 14:06 | Report Abuse

kyy=khoo yew yin:)

Posted by ccs999 > 2015-06-24 14:09 | Report Abuse

k = koon

Posted by gnail > 2015-06-24 14:47 | Report Abuse

this stock PE still low... still got potential to grow

Posted by Probability > 2015-06-24 14:56 | Report Abuse

low margin business - difficult for competitors to penetrate.
ROIC is more sustainable this way.

Just like effects of leverage... a small changes in margin has tremendous implication in its growth.

Smart management - captures market shares first and then hike up margin.

Posted by gnail > 2015-06-24 15:16 | Report Abuse

hope can reach RM4 today

Posted by coolio > 2015-06-24 15:36 | Report Abuse

Resend resend..hehehe

Discount Cash Flow Analysis
Valuation on MAGNI


Table 1.1:
Current stock price $3.52
Share outstanding (Mil) 108488
This year FCF (3 years Avg) $31,199
Next year's FCF (mil) $32,759
Growth for the next 5 and 10 years 5.0%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 1.2: DCFA
PV of FCFF of core operations $532,000
Non-operating cash $71,268
Investment in Properties $0
Investment Securities $24,464
Debts $0
PV of FCFE $627,732
Less minority interest ($35) 0.01%
FCFE $627,697
Number of shares 108488
FCF per share $5.79 64%
MOS 39%


Fair Value is RM5.79, potential gain of 64% from current price

Posted by ccs999 > 2015-06-24 15:43 | Report Abuse

Based on current price RM3.9x and its IV RM5.79, Magni still have a lot of upside potential to invest, invest a right company is definitely important.
If you want excitement, please take RM50k and go Genting, here is not the right place to invest, we are investing, not gambling.
Now is Magni, hopefully Scientex is next. Thank you.
Regards,
Chua

Posted by glukolin > 2015-06-24 15:50 | Report Abuse

You guys followers of kcchongnz?

Posted by Probability > 2015-06-24 16:01 | Report Abuse

Chua..coolio...Hope to know more about you guys...perhaps we can start to work as a group in identifying great stocks...and share our 'counter' opinions frankly.

If you dont mind - please send a test mail to nathanarjunan@gmail.com

Hope to establish some good stock analyzing friends.
My FB is with the same name. Thanks

Posted by coolio > 2015-06-24 16:26 | Report Abuse

Probability, I think this is a good idea, will send you a mail after this.

Posted by shinado > 2015-06-24 17:04 | Report Abuse

You guys should join Towards Total Financial Freedom group in FB. We mainly discuss fundamentals there.

Posted by seanchin > 2015-06-24 17:22 | Report Abuse

4-Oct-2012: I bought this share at RM1.66, today CAGR 45% p.a.

Posted by Probability > 2015-06-24 17:30 | Report Abuse

really spectacular growth story...
luck you discovered this seanchin

any more such potential discovery?

Posted by seanchin > 2015-06-24 17:36 | Report Abuse

discovery in progress

Posted by shinado > 2015-06-24 18:04 | Report Abuse

wow really good buy seanchin! I bought 9 months ago @ RM3.18 per share.

Posted by gnail > 2015-06-25 08:56 | Report Abuse

I bought RM2.08 around two years ago

Posted by yfchong > 2015-06-25 09:52 | Report Abuse

congratulations all members

Posted by m00077 > 2015-06-25 12:17 | Report Abuse

I bought at 3.32 and 3.36 total 8 lots (8000 unit share) but sold all at 3.62. Not must profit but is still ok since magni is new to me.

Posted by jeloft > 2015-06-25 12:18 | Report Abuse

yummy yummy d... can go for a fine dining liao

Posted by aunloke > 2015-06-25 12:32 | Report Abuse

2 years to achieve double ; very satisfied. Cheers to all !

Posted by yfchong > 2015-06-25 13:05 | Report Abuse

thks members for sharing...,

Posted by Probability > 2015-06-25 13:56 | Report Abuse

just compare V.S and Latitude..forward looking P/E

even if to be argued using 'growth'...
Magni tech growth story..second to none.

Posted by chshzhd > 2015-06-25 20:33 | Report Abuse

another 1-2 quarters...price will be 450~550.

Posted by UncleYC > 2015-06-26 08:24 | Report Abuse

Bought around rm 1 n hv sold all.

Posted by chshzhd > 2015-06-27 14:49 | Report Abuse

At current price 3.87, compare to other export orientated companies, which their share price already shot up…magni got more upside potential. With strong fundamental+many years of stable earning，the risk of magni is much lower than above-mentioned companies. If compare to some of the popular furniture companies , now their PE almost at the same level as magni. But in the past few years, which furniture companies were given lower PE, now their PE already gone up to between 8-14 times, and their share price outdistance magni. So, isn’t it more worth to invest in magni?
• Rev increase continuosly for 5 years, 2015 +10%
• Net profit increase continuosly for 8 years, 2015 +24%
• Profit margin increase continuosly for 4 years, 2015 +7%
• ROE many years maintained between 17-19.
• Currently PE=8.1, DY=3.88%.