Athleisure is the summation of athletics and leisure where clothing designed for athletic activities are worn during everyday life. Active sportswear is gaining traction with athleisure leading the way as a fashion industry movement as seen in Nike’s latest quarterly results announcement, where the sportswear giant’s earnings beat expectations, showing strong double-digit growth in its sales.
The Tokyo Olympics next year is one of the largest sporting event in the world which will be held between July 24 and Aug 9. It is expected to serve as a strong impetus to boost sales for all major sport brands. Therefore, we are optimistic that Magni-Tech will be able to ride on the global sportswear apparel wave.
Yun 79, you are right. Lcng123 bro, is it only Qr 1 of FY2020 EPS will be going to adjust after this? Or all the FY2017-FY2019 Earning Per Share also will be adjust ? For me, EPS adjust or not, is not the main concern for me to focus on MAGNI this Huge Cash Rich Company, but the main reason for me is :
Capacity and product expansion. Magni has finally completed its 2- phase expansion plan after delaying it previously. MAGNI’s manufacturing capacity is now at 45m pieces annually, a 22% increase from 37m pieces previously. Magni is also looking to expand its product offering by venturing into the outer wear space i.e winter wear and parkas.
Sportswear demand remains robust. Athleisure, is the summation of athletics and leisure where clothing designed for athletic activities are worn during everyday life. Active sportswear is gaining traction with athleisure leading the way as a fashion industry movement as seen in Nike’s latest quarterly results announcement, where the sportswear giant earnings beats expectations, showing strong double-digit growth in its sales.
Tokyo Olympics to boost sportswear sales. The Tokyo Olympics next year is one of the largest sporting event in the world which will be held between 24th July and 9th August. It is expected to serve as a strong impetus to boost sales for all major sport brands. Therefore, Magni will be able to ride on the global sportswear apparel wave.
Magni to benefit from the trade diversion as its major US customer diverts its orders to Vietnam and other ASEAN garment manufacturers. Magni will be able to grow in tandem with its single major customer. Given the minimal capex expenditure for the year, analysts forecasting a higher dividend payout by Magni for the year from 30% to 35%.
FA good BUT TA show down trend but u guys keep share different story... up 2 days down 5 days, up 2 days again then down 6 days... for those who willing to keep can average down, its is a good stock to hold... but for those who not yet buy, pls wait for the price to get stable 1st~~
EPS is use to calculate PE at current price. It is important as a reference whether the share is cheap or expensive before you decide to buy in. Even Magni has many advantages as you mentioned but if Magni has high PE, you better avoid it.
Hahaqwe... I don't think Magni PE will rise to 15. I estimated Magni's net profit this year around RM110mil-RM130mil. So EPS will be around 25sen-30sen. At current price, PE around 8-9.
Brother Wenlijian... you took Topglove as example is INCORRECT la. Topglove fiscal year ended on 31/08/18, that is before ex bonus, of course NOT adjusted. and Q1 2019 is ended 30/11/18, is after ex bonus then need to be adjusted. For magni case, bonus ex after Q1 and to calculate EPS, we need to look at annualised net profit divided by total number of share.
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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....
Ahboy1
61 posts
Posted by Ahboy1 > 2019-10-25 20:46 | Report Abuse
Nike will be Liverpool's official kit supplier next season.
...YNMA