MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.82

Today's Change

+0.12 (4.44%)

Day's Change

2.79 - 2.92

Trading Volume

3,729,700


7 people like this.

5,245 comment(s). Last comment by Supernoob 4 hours ago

dalpinia

2,299 posts

Posted by dalpinia > 2020-12-03 20:59 | Report Abuse

Yorkyork, Magni QR not so good, is it good QR for PRLexus next QR?

dawchok

563 posts

Posted by dawchok > 2020-12-03 20:59 | Report Abuse

Poor QR due to covid 19 induced slow sales. Share price will very likely adjust downward. Have to hold till next QR. Just take the dividend as consolation.

Posted by Systemworks > 2020-12-03 21:22 | Report Abuse

Poor revenue affecting the results. Also, significant impact of foreign currency exposure to the bottom line. USD is expected to further weaken in 202 so this isn't going to change anytime soon.

KPH5328

114 posts

Posted by KPH5328 > 2020-12-03 22:51 | Report Abuse

disposal of South Island Garment, expect one off gain of 15.4mil next Q

kens88

698 posts

Posted by kens88 > 2020-12-04 04:12 | Report Abuse

Bursa top written 1.8cents. bottom currency entitlement write 18cents

Posted by EatCoconutCanWin > 2020-12-04 09:21 | Report Abuse

Hoot 99

dawchok

563 posts

Posted by dawchok > 2020-12-04 09:46 | Report Abuse

「等著你回來」~ 蔡琴
https://www.youtube.com/watch?v=c4FlnlN4Moo

Posted by Shadow Fiend > 2020-12-04 10:15 | Report Abuse

Short term it's not look good mainly due to closure and restriction of sports activities limited gathering of people, why people bother to spend on sport garments as they will staying at home anyway. But long term it will recover as long as the pandemic can be cured via vaccine and not just to contain it.

Posted by EatCoconutCanWin > 2020-12-04 19:20 | Report Abuse

Hoot 9 si ka liao

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-05 16:02 | Report Abuse

monday limit down again.. ?tp 2.82...

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-07 15:07 | Report Abuse

go go go magni.....support you

iHunter

711 posts

Posted by iHunter > 2020-12-09 07:55 | Report Abuse

This appears on my radar. This is very undervalued counter. They have shakeout all the weak holders and should be up soon.

Good time and price to acquire this stock.

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-09 09:46 | Report Abuse

agreed.....

Posted by Systemworks > 2020-12-09 10:00 | Report Abuse

Completed the analysis for my Invest & Hold Value portolio and came to a conclusion it is a strong Buy. Have bought in.

Financial Health. Check. Strong cash position and zero debt.
Management team. Check. Proven track record of growing the business and focusing on fundamentals.
Future. Check. Good for recovery as sporting events restart and retail segment recovers.
Value/Price. Semi check. With the ongoing Bull market going on, entry price is acceptable. Analysts TP of 2.82 noted.

iHunter

711 posts

Posted by iHunter > 2020-12-09 11:32 | Report Abuse

Nice shakeout process to remove all the weak holders. Hopefully can complete by today afternoon.

iHunter

711 posts

Posted by iHunter > 2020-12-10 07:33 | Report Abuse

Most weak holders have been removed. Now need to plan for Trade up

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-10 08:01 | Report Abuse

time to wake Magni.. tp 2.82....gogogo

helang82

109 posts

Posted by helang82 > 2020-12-10 15:57 | Report Abuse

This is MAGNI financial summary in 5 years

https://magni-tech.com.my/?page_id=4089

Judge by yourself, hopefully this make your hand getting stronger!

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-14 13:08 | Report Abuse

here very silence

Begineer

482 posts

Posted by Begineer > 2020-12-14 17:21 | Report Abuse

just buy and keep

Posted by Systemworks > 2020-12-14 18:10 | Report Abuse

This is a stock to hold and invest in. Be patient, time will take care of the rest. Fundamentals strong and cash rich. If it drops anymore I'll need to liquidate some other counters to buy in due to the value.

Posted by christangtang > 2020-12-15 18:05 | Report Abuse

Hi can I know the rumours that Lacoste going to sign a contract v this counter soon..
what is the possibilities this will happen?any opinion?
Thank you:)

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-15 18:52 | Report Abuse

Chris, where u get this info?

Posted by Systemworks > 2020-12-15 19:54 | Report Abuse

Just added more units today to take advantageof the price.

Chris, source of the rumour please?

Posted by christangtang > 2020-12-15 21:09 | Report Abuse

I also don’t know where my dealer get it...hahaha
But from the day told me 2.35 drop until current price..ermm..hahaha

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-15 21:54 | Report Abuse

let's see n monitor. good fundamental. no need to worry

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-16 14:04 | Report Abuse

last call for div..0.018....

Posted by noobinvestor98 > 2020-12-18 17:18 | Report Abuse

Hopefully nex quarter will have special dividend

Sailangking

1,912 posts

Posted by Sailangking > 2020-12-29 15:10 | Report Abuse

gogo

Swcm98

152 posts

Posted by Swcm98 > 2021-01-09 06:36 | Report Abuse

Why this counter dropping non stop from 2.60?

Sailangking

1,912 posts

Posted by Sailangking > 2021-01-09 12:10 | Report Abuse

thinking to hold or cut lost now:(

Sailangking

1,912 posts

Posted by Sailangking > 2021-01-09 12:10 | Report Abuse

I at 2.39.....

Huat 888

330 posts

Posted by Huat 888 > 2021-01-09 13:21 | Report Abuse

buy n hold rm2.8 should b no problem

Posted by Systemworks > 2021-01-09 16:54 | Report Abuse

For the earlier question, this counter dropped at 2.60 because the quarterly profit was below expectation. Price had jumped from 2.40 to 2.60 the day before in expectation. This price subsequently reset back to the 2.35 range.

From there, it gradually traced lower because of the overall market sentiment. It is not just this counter but the market dropping amidst market uncertainty, Covid and political issues. Nothing wrong with the company, just macro forces at play.

Hold and ride it out, or cut and watch. Your choice.

Swcm98

152 posts

Posted by Swcm98 > 2021-01-15 19:05 | Report Abuse

So quiet here. No action

magic01

68 posts

Posted by magic01 > 2021-01-15 20:17 | Report Abuse

I live at Bukit already don't know what should I do

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-01-15 20:39 | Report Abuse

Buy and hold...!

bagankia

126 posts

Posted by bagankia > 2021-01-18 17:45 | Report Abuse

Hold. Japan gov determines to push for the Tokyo Olympic .

Beast3

623 posts

Posted by Beast3 > 2021-01-18 22:31 | Report Abuse

Yeah... Movinggg..
Congratulations

magic01

68 posts

Posted by magic01 > 2021-01-19 18:17 | Report Abuse

Still at Bukit here waiting. Hopefully got some miracle

Posted by Learner King > 2021-01-20 13:33 | Report Abuse

Dont worry i sold all at 2.65 and buy back since 2.4 and now my averange prices is around 2.3 but im not worry at all :)

gongkia

212 posts

Posted by gongkia > 2021-01-20 23:59 | Report Abuse

i bought at 1 (split/bonus) and never look back

magic01

68 posts

Posted by magic01 > 2021-01-21 14:31 | Report Abuse

Gg d Magni everyday drop. Hopefully q3 got miracle but chances are low.

Sailangking

1,912 posts

Posted by Sailangking > 2021-01-21 23:11 | Report Abuse

time will come. no, worry

tiongkeat

405 posts

Posted by tiongkeat > 2021-01-22 08:29 | Report Abuse

DEBT FREEE company. noneed worry i believe and got cash flow

Sailangking

1,912 posts

Posted by Sailangking > 2021-01-23 16:50 | Report Abuse

manage to top up few

gongkia

212 posts

Posted by gongkia > 2021-01-23 18:39 | Report Abuse

tan kok ping bought rm8mil share.

chunky123

16 posts

Posted by chunky123 > 2021-01-26 19:23 | Report Abuse

When director buys back shares it can only mean one thing :)

Sailangking

1,912 posts

Posted by Sailangking > 2021-01-30 18:01 | Report Abuse

long term shares. so what

Huat 888

330 posts

Posted by Huat 888 > 2021-01-31 15:53 | Report Abuse

buy n hold, something is brewing

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