See Nike Inc up so much since january 2018 .....and 90percent of magni is derived from Nike....current price still has great upside...last call before next week quarter announcement (please note that good result will released earlier) , I have upgraded this stock from "outperform" into "rocketing"....
I think u will have a better understanding after reading the quarter report...I predict next quarter report is green....u can refer to Nike Inc share price performance as it is correlated to magni because 90 percent of magni revenue generated from Nike and not least this year is world cup year therefore Nike as one of the biggest sportwear manufacturer will definitely benefited.....
We are heading to economic recession with falling of commodity price such as oil, gold, silver, corn, palm oil etc! Dump dump hold till kena trapped for years! Free up the Capital is the key now to buy cheaper shares later. Magni is overvalued compared to others..
Magni Management has yet to find a solution for minimal wages hike in Vietnam which will drag down profit and lower EPS. Many non original Nike products selling as cheap as 3 Singapore dollar only (RM10) at pasar malam. Ppl will buy this rather than original one in economic downturn. Donating 2million cash is not a wise move for a company. Cash is blood for a company. Company with poor cash flow will face lots of problems. Buy Magni at current high price at your own risk!
US China trade war will affect Nike sales in China with huge tax in Nike! With upgrowing company like Li Ning, nike will lose customers as Li Ning sports wears are less pricy compared with Nike!
If you can’t answer my questions here, u better stop shouting here and conning others to get trapped. Kyy hv made many losers in share market, that’s the fact. One follow the another..
dun let me see u disappear in this forum after this quarter report released...with such low pe still scare? i dun noe what u scare? trade war no need wear shirt izzit? u r born to be a loser in stock market....
Economic downturn will 100% not affect Magni. Trade war will likely not affect Magni but no one can be sure on this one. As for wage hike, this is one hell of a headache.
By the way, world cup will have no positive impact on Magni as well. Those who think so has not follow MAGNI or NIKE long enough.
Common sense tell me that KLSE is bearish! Once broke 1700, next Support will be at 1600! Holding cash is the best option unless u going to hold for very long term > 3 years. By then, things might change. Uncle, Aunty here, please cut win and sell to those who are very optimistic and buy again on weakness. I m very sure for this.
In term of up coming result, I hv no idea whether it is good or very good or extremely good, maybe it is bad. Ppl may want to goreng Magni to run, who know. For those who know insider news, please report them for insider trading. When market is bad, good result can’t move share price much as current shares price is already fully reflected magni value.
Trade war not only between US vs China. Now, US vs Euro. OH yes, Nike is US product. What will happen to Nike then. High tax on Nike products, good to ponder.. Trade at your own risk!
Now, Euro/ China/ India started trade war with US. Li Ning is the best seller of sports wear in China. This is followed by Nike. We know China man is very patriotic. If all China man stop buying Nike, what will happen next? Buy at your own risk.
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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....
trulyinvest
2,370 posts
Posted by trulyinvest > 2018-06-10 11:29 | Report Abuse
C d result first tis month