Posted by KPH5328 > 2019-12-18 08:16 | Report Abuse

https://finance.yahoo.com/news/nike-looks-unstoppable-in-2020-as-air-jordan-11-bred-is-re-released-193420626.html

Posted by Abba84 > 2019-12-18 12:40 | Report Abuse

kph532 ...this article will silenced all critics on magni tech as nike supplier ..Most anaylsts were upbeat on its performnce qtr tommrow.

Posted by William Ng > 2019-12-18 18:24 | Report Abuse

Air asia x?

Posted by lcng123 > 2019-12-18 23:45 | Report Abuse

Market forecast Nike Q2 result will up 12% from a year ago. If so then Magni share price will up on Friday.

Posted by lcng123 > 2019-12-18 23:53 | Report Abuse

Nike share price hits USD100 today, 1 day before announce Q2 result

Posted by lcng123 > 2019-12-19 00:01 | Report Abuse

USD100 is historical high record.

Posted by gemfinder > 2019-12-19 07:21 | Report Abuse

Nike oredi past usd100

Posted by Abba84 > 2019-12-19 12:16 | Report Abuse

good signs good QTR tnight

Posted by gemfinder > 2019-12-20 07:20 | Report Abuse

Nike result top analyst estimate but investor disapoint.. mayb they expect blow,out result

Posted by lcng123 > 2019-12-20 07:46 | Report Abuse

Such a good result still disappointed? YoY revenue and net profit up 10% and 32% (QoQ down 3% and 18%)

Once again Apple168 made a wrong estimation. US-China War trade doesn't affected Nike business in China

China market posted revenue YoY up 20% and QoQ up 10%. Profit before tax YoY up 24% and QoQ up 4%.

The overall Nike Q2 result should be positive to Magni. Magni coming Q3 result should be good too due to high inventory

Posted by KPH5328 > 2019-12-20 09:03 | Report Abuse

Thanks for the summary lcong123
https://finance.yahoo.com/news/nike-reports-2q-2020-earnings-results-211958398.html

Posted by lcng123 > 2019-12-20 09:13 | Report Abuse

Nike share price broke historical record again but Magni share price didn't move today

Posted by William Ng > 2019-12-27 22:49 | Report Abuse

This is for long terms, and much more better then reits

Posted by xiaozhiyong > 2019-12-28 20:36 | Report Abuse

Hopefully, magni wont up too much in next month because im waiting for my salary and sailang in this share gege.

Posted by William Ng > 2020-01-02 12:42 | Report Abuse

@xiaozhiyong, this counter noneed sailang, every month buy a bit can liao

Posted by Abba84 > 2020-01-03 12:57 | Report Abuse

Magni goes back n forth wthin ..2.5.2.6.2.7 2.8.
2.5 is firmed wth meagre volume.needs good volune to break abve 2.8

Posted by slts > 2020-01-03 18:32 | Report Abuse

myr < 2.10, bad for export stocks
always one day show only

Posted by apple168 > 2020-01-04 08:12 | Report Abuse

Those who tell you to buy share and keep for long term are bullsh*ting. Only one or two out of near thousand listed companies in Malaysia could sustain increasing profitability for > 20 years...

Posted by shareinvestor88 > 2020-01-04 16:10 | Report Abuse

Dear Apple168 which stock you recommend ?

Posted by lcng123 > 2020-01-04 18:57 | Report Abuse

I invested in Magni since 2013 at price RM1.32 and in the period of these 7 years (although not > 20 years) I enjoyed RM1.39 dividend (from 2013:13sen to 2019:27sen) and bonus 1:2 in year 2015 and bonus 1:3 and share split in year 2019. For me, Magni is a good investment.

Posted by Rotiboy > 2020-01-06 17:18 | Report Abuse

Hello, newbie here!!! Wanna ask when is the reasonable price to buy?

Posted by ibex2929 > 2020-01-06 18:14 | Report Abuse

Applexx8, don’t use your own opinion to judge other investment decisions. If a stock is performing extremely well, no harm to hold it for many year.

Posted by matrix6050 > 2020-01-07 10:30 | Report Abuse

well done lcng123

Posted by lcng123 > 2020-01-07 10:45 | Report Abuse

I did worried Magni's business very depend on NIke at the beginning, but now I believe Magni has built a very strong relationship and partnership with Nike. Nike-Magni win win relationship.

Posted by gongkia > 2020-01-08 15:34 | Report Abuse

the worry on Nike has been going on for like 100 years.

Posted by William Ng > 2020-01-11 00:07 | Report Abuse

only apple168 keep on say magni no good no matter what...

Posted by wongmunwai > 2020-01-13 08:18 | Report Abuse

no matter what you said.this is a very good share.

Posted by wongmunwai > 2020-01-13 08:21 | Report Abuse

will open show soon,keep your eye
...be patience

Posted by VSLSB > 2020-01-14 00:58 | Report Abuse

@Rotiboy - The proper question to ask would be why you want to invest in Magni in the first place? If you are happy with its business model, company financial position and dividend yield, I dont see any point of holding back

Posted by Abba84 > 2020-01-16 13:46 | Report Abuse

Yes its busness welloiled in nike grmnts
Imgine 1 day nike sourced another wud be supplier.!
Looks risky n cud happen! Be wary ..

Posted by lcng123 > 2020-01-16 22:33 | Report Abuse

I do worried too on Magni business model when I invested on Magni on 2013, but after 7 years passed, Magni still doing better every year. May be peoples need to ask Nike why didn't look for other sources or suppliers to replace Magni.

Posted by Abba84 > 2020-01-17 17:31 | Report Abuse

I felt magni prices been spiraling dwnwrds since bnus split lst decmber.highs 2.63 n after that did nt recover.tll tday.

Posted by yorkyork > 2020-01-18 00:09 | Report Abuse

The point to buy magni. Mr tan say 2.10

Posted by yorkyork > 2020-01-18 00:11 | Report Abuse

I assume Nike revenue 2018 36b 2019 39b 2020 50b with Olympic in japan. There always have the latest Adidas n Nike limited edition.

Posted by yorkyork > 2020-01-18 00:11 | Report Abuse

Tp 4.00 after olympic

Posted by gemfinder > 2020-01-18 09:16 | Report Abuse

Wow nike all time high

Posted by yorkyork > 2020-01-19 12:30 | Report Abuse

Nike vapor x 4%. Now want buy also hard to get. Who’s care Olympic ban this or not. Consumers still looking to buy strong demand.

Posted by YAPSS > 2020-01-20 20:29 | Report Abuse

YAPSS Quick Summary and Free 10 Years Financial Data of Magni-Tech Industries Berhad:
https://www.yapss.com/forum/klse-forum/magni-tech-industries-berhad-magni-7087

Posted by Davidtan4896 > 2020-02-05 16:30 | Report Abuse

Just read from news Nike store & factory in China need to be close down due to corona virus, order of China might shift to Magni

Posted by remus > 2020-02-14 12:11 | Report Abuse

order shift to Magni, or Nike will cut orders since half the outlets in China is closed now?!

Posted by shareinvestor88 > 2020-02-14 17:59 | Report Abuse

production shift to magni prolexus

Posted by VSLSB > 2020-02-17 13:43 | Report Abuse

@remus - You have to check Nike online sales in China. But I feel online sales would not be able to cover the closures of physical stores in China. Even if production shifted, you have to contend with no demand. It would be interesting how things will pan out.

Posted by macOS > 2020-02-17 15:04 | Report Abuse

Magni-Tech (Magni) posted a 17.8% YoY revenue growth to RM301.3m for 2QFY20, while its net profit jumped by 28.7% YoY to RM29.9m, mainly attributable to promising sales contributions from the garment segment and lower operating costs incurred. After stripping-out foreign exchange gains of RM2.7m, Magni’s cumulative 1HFY20 core net profit is at RM57.6m, broadly in-line with our expectations at 46.4% of our full year estimates.

We leave our earnings unchanged as 3Q is a seasonally stronger one. Moving forward, we believe the higher capacity from its 2-phase expansion plan will enable Magni to fulfill more orders from its single major customer.

We reiterate our Outperform call on Magni with an unchanged SOP-based TP of RM2.91. Separately, Magni declared a higher DPS of 2.5 sen (2QFY19: 1.875 sen).

2QFY20 Revenue (+17.8% YoY). Garment segment revenue, Magni’s largest contributor, jumped by 21.9% YoY to RM277.2m due to higher sales orders received, a direct consequence of trade diversions from US customers. On the flip side, packaging segment revenue fell by 14.7% to RM24.1m as sales orders fell.

2QFY20 Profit Before Tax (+25.3% YoY). Garment-based PBT grew by 27.9% YoY, mainly boosted by better operational efficiencies at its manufacturing plants in Vietnam, higher foreign exchange gains (2QFY20: RM2.6m vs 2QFY19: RM2m) and higher investment-related income. Packaging division’s PBT was lower in tandem with the lower sales orders received meanwhile.

Going forward. Magni will be one of the major beneficiaries from the US China trade dispute as its major US customer diverts its orders away from China to Vietnam and other garment manufacturers in the ASEAN region. Furthermore, 2020 will be a major sporting year with the UEFA European Championships and Tokyo Olympics expected to fuel the growing demand for sportswear. We are optimistic that Magni will be able to ride this oncoming wave.

Source: PublicInvest Research

Posted by macOS > 2020-02-17 15:05 | Report Abuse

Magni-Tech Industries (7087)* Technical Buy
Targets: RM2.71, 2.87

Posted by VSLSB > 2020-02-22 14:55 | Report Abuse

@macOS - Very unlikely to achieve such valuations. Market adopting wait and see approach to gauge the intensity of Covid-19 impact. Some investors are opting risk off approach to consumers related to chinese demand.

Posted by chonghai > 2020-02-22 17:30 | Report Abuse

I am reducing my position in Magni. Market is assuming that the COVID-19 outbreak has no negative effect on MAGNI, which is a bit too optimistic. However, I still expect Magni to post good result in the upcoming quarterly report in March

Posted by VSLSB > 2020-02-23 00:40 | Report Abuse

@Chonghai - trade war doesn't scare you but this does? Usually dividend players would hold out unless there are big changes in business strategies or the company's dividend policy. Plus talking about valuation, i think its safe to say that market is starting to price it Covid-19 impact albeit slowly.

Posted by lcng123 > 2020-02-24 10:26 | Report Abuse

Politic uncertainty... USD/RM hits 4.21

Posted by VSLSB > 2020-02-24 12:50 | Report Abuse

@lcng123 - Its because people are dumping RM assets due to the uncertainty. It should hover around RM4.15 per USD.

Posted by apple168 > 2020-02-28 16:23 | Report Abuse

Less than 2 soon...