Posted by xiaoxiami > 2017-12-13 08:22 | Report Abuse

The Group's operating environment for the remaining quarters of the current financial year is expected to be challenging amid persisting global economic uncertainties.
Nevertheless, both the garment and packaging businesses are expected to remain profitable during the said period.

Posted by xiaoxiami > 2017-12-13 08:22 | Report Abuse

revenue profit no growth also no use
you wont have any appreciation of the share price
plus the price is high now

magni is definitely overvalue at this price

Posted by ks5S > 2017-12-13 09:03 | Report Abuse

don''t wait. Just run

Posted by apple168 > 2017-12-13 09:04 | Report Abuse

I love this shares.. pls drop more to collect lower price.. haha

Posted by fkser > 2017-12-13 09:11 | Report Abuse

Give u cheaper

Posted by Bizfuneng > 2017-12-13 09:13 | Report Abuse

Has been for 10 yrs Magni was stable, strong and growing. Nothing can grow forever. Environment, fundamentals and technology constantly changing and if management cudnt adapt the company will gradually sliding towards sunset. This is beginning happening to Magni.

2 Qs Magni were on down trend. Time has come for saying goodbye to Magni.

Posted by Up_down > 2017-12-13 09:20 | Report Abuse

Magni growth story dented after reporting 2nd time lower earnings...RM is strengthening.... Expecting 2 more lacklustre profits quarters to go. Can buy cheap cheap easily later.

Posted by ks5S > 2017-12-13 09:30 | Report Abuse

http://fortune.com/2017/06/12/adidas-nike-activewear-sneakers/

nike market shrink . Magni will shrink also.

Posted by chesslim > 2017-12-13 09:35 | Report Abuse

Magni will ome to Rm 8.00 on next quarter , hold .

Posted by Bizfuneng > 2017-12-13 09:44 | Report Abuse

chesslim, base on what facts or fundamentals for u to say Magni wud go Rm8.00 nx q? Can you elaborate? Tq.

Posted by apple168 > 2017-12-13 09:45 | Report Abuse

Magni is good fundamental share and directors were buying above 6. They are insiders and are looking at the value of magni worth more than 6. Product quality from Magni is superb. Rumors saying that insiders are working up alternative production line other than Nike such as Li Ning etc. We believe share price will more north by the year end window dressing and dividend payouts.

Posted by dentistgigi > 2017-12-13 09:52 | Report Abuse

how much are u buying today

Posted by Jeff Lee > 2017-12-13 09:56 | Report Abuse

rebounding. buyer at the bottom collecting. phew..

Posted by Mohd Fahmi Bin Jaes > 2017-12-13 09:57 |

Post removed.Why?

Posted by dentistgigi > 2017-12-13 10:00 | Report Abuse

RUN

Posted by Meng > 2017-12-13 10:00 | Report Abuse

better dun catch a falling knife..

Posted by Bizfuneng > 2017-12-13 10:42 | Report Abuse

Why big chinese company Li Ning nid Magni?

Posted by ks5S > 2017-12-13 10:42 | Report Abuse

every quarter share price drop 50 cents.
who dare to buy ?

Posted by godhand > 2017-12-13 10:57 | Report Abuse

not downtrend la. no growth, stagnant. everything will peak

Posted by Up_down > 2017-12-13 11:10 | Report Abuse

Magni's major selling point was its growth story....but now it has vanished so must turn back to face the reality... There are many good examples recently...

Posted by Victor Tan > 2017-12-13 11:19 | Report Abuse

Magni is a fantastic counter and now it is a good time to collect.... agree with chess that fair value for this counter is at rm 8. Historical CAGR is at 17% with strong free cash flow, consistent earnings and zero debts. This is just a temporary setback. Nike will continue to grow and Magni will too.

Posted by apple168 > 2017-12-13 11:23 | Report Abuse

Not collecting enough.. please throw lower..

Posted by apolloang > 2017-12-13 11:31 | Report Abuse

hahaha....5.00 is coming and not 8.00

Posted by PlsGiveBonus > 2017-12-13 11:55 | Report Abuse

You know how Bitcoin billionaires are made? During the last crypto boom.
You know how warren Buffett become billions? During the last stock market boom.
You want to be rich like them? Don't buy their dump.
:)

Posted by PlsGiveBonus > 2017-12-13 12:00 | Report Abuse

Success cannot copy
All the useless formula used to calculate valuation is as outdated as current banking system that never updated their windows XP to windows 10
And they hardly work, when they don't work, investors will be blamed for using the wrong formula.
:D

Posted by tealeaf > 2017-12-13 12:01 | Report Abuse

im waiting below 5 to collect more.... hiak hiak hiak

Posted by PlsGiveBonus > 2017-12-13 12:06 | Report Abuse

The true meaning of intelligence is the ability to adapt to the change as quickly as possible.
It is not about how much you know, not who you know, not where you are.

Posted by ks5S > 2017-12-13 12:09 | Report Abuse

This counter worth 2.50 only

Posted by Jon Choivo > 2017-12-13 12:12 | Report Abuse

This is so wrong and so inaccurate on so many levels.

Just tell me then, what's the intrinsic value of bitcoin and how you calculate it.

I'll make a bet with you. 10 years from now, bitcoin value will be less than 5k.


Posted by PlsGiveBonus > Dec 13, 2017 11:55 AM | Report Abuse

You know how Bitcoin billionaires are made? During the last crypto boom.
You know how warren Buffett become billions? During the last stock market boom.
You want to be rich like them? Don't buy their dump.
:)

Posted by PlsGiveBonus > 2017-12-13 12:15 | Report Abuse

Why Bitcoin is cheap compare to stock market?

Reason number one : cryptocurrency, the next big thing after the Internet boom in y2k, is only valued at 400B to date, compare to paper gold, which valued at over 10 trillions dollar. Compare to many tech stock in NASDAQ, APPL inc $881B, FB $512B, AMZN $561B.

Posted by PlsGiveBonus > 2017-12-13 12:25 | Report Abuse

Don't be surprise value investors will start to invent creative, colorful and catchy valuation or intrinsic value on Bitcoin, this is their job to tell people to buy their useless dump.
:)

Posted by PlsGiveBonus > 2017-12-13 12:27 | Report Abuse

'Dean of Valuation' Believes Cryptocurrencies Are Replacing Gold

Aswath Damodaran, a professor of finance at New York University's Stern School of Business, is widely respected as an expert in valuing companies, so much so that he has been dubbed the "dean of valuation" by the finance industry. Thus, when he makes a prediction about a major financial matter, he tends to draw a great deal of attention from those interested in the investment potential his statements might suggest.

Now, Damodaran revealed in an interview with CNBC that he believes digital currencies will reach an equal level of importance to traditional paper currencies. He also feels cryptocurrencies have already replaced gold among a younger sect of investors.

Cryptocurrencies Supplant Lack of Trust in Gold

When asked why digital currencies like Bitcoin and Ethereum have taken the place of gold for some investors, Damodaran said "all currency is...based on trust. If you don't trust paper currency, historically what you've done is, you dumped paper currencies [and] you bought gold. Cryptocurrencies have taken the role of gold at least for younger investors because they don't trust paper currencies."

The numbers suggest Damodaran is correct: digital currency prices have surged throughout the year, with Ethereum up more than 24 times by the middle of this week, and Bitcoin up nearly 150%. And those levels aren't even the peaks, as the two leading digital currencies actually reached higher records earlier in the year before dipping somewhat.

Damodaran Defends Virtual Currencies

Damodaran defended digital currencies against skeptics who may be inclined to portray the mining process that generates the coins as a misallocation of resources like electricity or computing power.

"If you think about it, the print presses that run paper currencies. It's kind of a useless transaction," he said. "You're just printing paper. In a sense, all currency creation, it's not creating real economic growth by itself. The only reason currencies exist is for us to transact...if a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies. Whether it is one of the existing cryptocurrencies, I don't know."

Damodaran holds a great deal of sway when it comes to valuation and general opinions about the state of the financial world. He now joins a growing list of major financial players and institutions that are increasingly trusting that digital currencies will be an era-defining technological innovation. As this is new territory for the finance world, the exact way in which the growth of the cryptocurrency industry will play out remains to be seen.

Posted by Mohd Fahmi Bin Jaes > 2017-12-13 12:28 |

Post removed.Why?

Posted by jibbie > 2017-12-13 13:24 | Report Abuse

sell. dont look like the next 2 quarter results would be good either.

Posted by fkser > 2017-12-13 13:45 | Report Abuse

Run

Posted by Jona0724 > 2017-12-13 14:24 | Report Abuse

assume 2018 EPS = 48, current price p/e only 11.58. better after panic sell just buy back

Posted by apolloang > 2017-12-13 14:31 | Report Abuse

I heard that when magni is trading at above 7.00.....haha. I think below 5.00 is a more realistic price

Posted by shuyin > 2017-12-13 17:26 | Report Abuse

rm 4 is good price, wait there

Posted by chonghai > 2017-12-13 17:30 | Report Abuse

5 maybe
4 I doubt

Posted by Fabien Extraordinaire > 2017-12-13 18:06 | Report Abuse

what is Magni's forward P/E?

what is their fair P/E?

Posted by ESPESP > 2017-12-13 18:21 | Report Abuse

I bought back Magni today at RM5.6 on 2 reason.

1) Q4 is a good month as it is full of holiday worldwide. For me, i believe sales will go back up during this period. Please see back last few year trend

2) A share that give you EPS of 12 - 15 cent consistently is hard to find. FYI, Padini is giving EPS of only 5 cent and share price is similar to Magni.

I did not ask you all to sai lang, if you all buy, u all are buying at your own risk.
Thanks.

Stockwatch ESP

Posted by apple168 > 2017-12-13 18:21 | Report Abuse

Padini PE 22, Magni PE 11 as for now. Magni share price should be at least 10 for PE 22 same bar as Padini.

Posted by ESPESP > 2017-12-13 18:24 | Report Abuse

I did not say Magni price should be RM10.
I believe Padini is overvalue.

For Magni, my estimation would be around RM6.5 to RM7.

Thanks.
ESP

Posted by apple168 > 2017-12-13 18:28 | Report Abuse

Buying now with estimated profit at least 1.0 to 1.5 (30% profits).

Posted by Jon Choivo > 2017-12-13 18:46 | Report Abuse

All your points essentially tell me bitcoin is actually close to worthless.

Blockchain technology will change everything, but bitcoin on its own is worthless.

Right now, the blockchain survives because people are willing to mine. By mining, this keeps the chain updated.

However, why would people keep mining, if the number of coins that can be mined keeps dropping? Only one reason will keep them there, that the value of the coins keep going up.

Except, past a certain value, you will want to move your money elsewhere.

If tmr, the RM gain so strongly versus the USD that its 1:1.Obviously, everyone is going to move their money to the USD, because they know fundamentally, the real value for the USD is much higher than the RM.

When will people decide to move money out of bitcoin? USD20k, USD30k, USD 40K? I have no idea, all i know is, in economics, things that you think will happen take longer than you think it will, and when it happens, it will happen faster than you think it would.

Oil price drop from USD140 per barrel to USD27 in less than a year, now its USD 60. Whats the real value?

The second bit. Currently they say 80% of the coins is held by 1000 people. Most of them are probably miners. Now if the value of the coins does not go up fast enough to cover the increasing electrical cost, these people are not going to mine anymore. However, they also know that if they stop mining, the block chain will stop working. Rendering their coins valueless.

So they will start to sell, which is a reinforcing feedback loop, as the prices drop and recovery comes slow, more and more people want to sell, resulting in what is ultimately a crash.

Except this time, so many people will properly kena. Since people now in venezuela, phillipines etc are stupid enough to do transactions in these coins and keep their life savings there.

Bitcoin if you look at the news, started the year as a gamble, now, people think its an asset class, soon, they will think of it as gold. When they think of it as gold, you know well and truly the bubble is at its peak.

Because when its a gamble, you wont put much money, but when you think it is gold, you will put all your money in.

The reason why people buy bitcoin now is due to the strong quantitative easing done by the ECB and Federal Reserve. Causing asset prices everywhere to go up and interest rates to go down.

When interest rates are negative or less than 1%, the pricing of assets and risk go haywire, things you normally expect 10% return from, now you only expect 5%.

And if you're reaching for yield is this low yield condition, you do 2 things, leverage up or reach towards exotic investments like PE or bitcoin in this case.

Don't worry about it, bitcoin is not the crash. Bitcoin is the spark, the wood for the crash is the sheer amount of debt that is held by all the governments in the world.


Posted by PlsGiveBonus > Dec 13, 2017 12:27 PM | Report Abuse

'Dean of Valuation' Believes Cryptocurrencies Are Replacing Gold

Aswath Damodaran, a professor of finance at New York University's Stern School of Business, is widely respected as an expert in valuing companies, so much so that he has been dubbed the "dean of valuation" by the finance industry. Thus, when he makes a prediction about a major financial matter, he tends to draw a great deal of attention from those interested in the investment potential his statements might suggest.

Bla Bla Bla

Posted by apolloang > 2017-12-13 21:06 | Report Abuse

after down sure got some technical rebound,then later down again just like other stocks

Posted by Yu_and_Mee > 2017-12-13 21:46 | Report Abuse

bye bye

Posted by PlsGiveBonus > 2017-12-13 22:15 | Report Abuse

Please read the article twice, I believe you trying to be ignorance.

Bitcoin is replacing "GOLD" just as what the professor has to say, people willing to pay 7 trillions worth of dollar for GOLD, they are gonna pay 7 trillions of dollar to Bitcoin too, this is the value people are gonna pay for.

If you don't own Bitcoin(GOLD), you will be poor in the next decade.
:)

Posted by CKNGCKI3 > 2017-12-13 22:48 | Report Abuse

"If you don't own Bitcoin(GOLD), you will be poor in the next decade"

The most ridiculous statement of the year !!

Pls share your products at the right channel !! This is for Magni counter and not related to Bitcoin !!

Posted by PlsGiveBonus > 2017-12-13 23:41 | Report Abuse

Yes... You will be very poor, holding your useless paper money that is backed by nothing, and paper stock that is backed by worthless paper money, and worthless companies that are heavily insolvent finally they will need to default itself, we will soon need to have a transition from paper money to digital money... A complete economy restructuring... You don't want to change, you will be left behind and poor to nothing.