MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.51

Today's Change

+0.03 (1.21%)

Day's Change

2.47 - 2.51

Trading Volume

189,800

Financial

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Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
7 people like this. Showing 50 of 5,237 comments

Learner68

Solid company, from many financial indicators perspective and with relatively high dividend payout too.

2024-03-25 20:45

Najib Zamry

Solid cash super company to be privatised soon?

2024-05-29 19:58

Tanleechoo

Good qtr n coming decent dividends..cash rich co n hope co distribute higher to us

2024-06-13 14:59

MR. BEAN

PCCS alot better

2024-06-13 22:33

lcng123

QR to be announced soon and expected better result

2024-06-15 20:48

learnbyheart

many reason to top up this counter

1) Olympic 2024
2) Peer industry QR (techbase)
3) Next week QR announcement
4) Substantial Shareholder collecting non stop

Any other positive/negative thought guys?


2024-06-23 14:04

Qwertyuiop

not a high profile stock in bursa, continue to hold, so many positive factors to drive this stock up from the fundamental perspective.

2024-06-24 14:46

Thirai Thiraviam

Dear All,

One of the items that stands out in Magni's balance sheet is its receivables. In last year's Annual Report, this amounted to RM151 million (Year 2022: RM112 million). The company recognizes this as one of the two major risks it faces, but says the risks are mitigated, presumably due to their long-standing relationship with the customer. On this, I have two questions.

1. Over 75% of the trade receivables are from just one customer (who buys the garments to sell worldwide), and yet in 2023, some RM16.4 million are classified as past due. Did all of these past dues arise from Magni's packaging business? Of particular concern is the RM1.8 million that is past due by more than 60 days.

2. Receivables also include sundry receivables, which have increased drastically from the previous year, rising from RM4.7 million to RM41.3 million. Does anyone know what this is? How did this arise?

Thanks in advance for your response.

P.S.: The receivables have since increased to RM179 million as of January 31, 2024.

2024-06-25 10:00

observatory

For Q2, check the AGM minutes and key matters discussed at its website. Under corporate governance.

The company explains “These are prepayments to suppliers which have been settled
after the end of FYR 2023.”

However, when I refer to Note 9, there is a separate item for prepayments. I don’t understand the difference.

2024-06-25 17:49

Thirai Thiraviam

@observatory - thanks for your input. I checked the document you mentioned, and googled for the difference between the two items, and this is what got:

Sundry Receivables
Definition: Small, miscellaneous amounts owed to the company by various parties for different reasons.
Examples: Refunds, small debts, reimbursements, etc.

Prepayments
Definition: Amounts paid in advance for goods or services that the company will receive in the future.
Examples: Advance payments for goods, services, rent, insurance, etc.

Anyway, in the latest Q, the receivables have reduced to RM123.5 mil from RM151.4 mil a year ago. So, this is no longer a concern.

2024-06-26 10:37

shawn88

Good qr but price dropping

2024-06-26 16:41

ProfitBaM

collect more

2024-06-28 09:44

MR. BEAN

Nike share price drop 20% following disappointing sales forecast. Hold tight.

2024-06-30 00:18

snake_eye

morubozu..bullish trend coming

2024-07-03 22:20

shawn88

Boss keep buying

2024-07-05 18:40

bullvestor

Do they sell garment materials or garments

2024-07-31 01:12

Supernoob

Gd result coming....big big dividend pls !!!

2 months ago

Najib Zamry

Solid result …..best of the best

2 months ago

UnicornP

But a bit on the high side.

2 months ago

Supernoob

Oh man...pls pay la more !!! very stingy mgmt..hoarding so much cash!

2 months ago

UnicornP

Speculating @ 2.57

2 months ago

pang72

5c dividend X 4 =20c at 2.59 yield 7.7%
Highest in bursa leh!!

2 months ago

pang72

Public bank gives target $3.26!
The excellent QR+5c dividend shall push it to $3.26 by this Friday.

2 months ago

pang72

Huge cash reserve back for the stock price.
Zero worrying

2 months ago

UnicornP

Good pang is here! 🤗

2 months ago

pang72

It is too attractive of not coming here

2 months ago

pang72

I do not want to miss the good stock in Red Sea...

2 months ago

pang72

Some more supports by public bank 3.26..

2 months ago

gladiator

This is growth stock, double digit growth. Not to miss growth stock.

2 months ago

gladiator

Buy first before Kyy buy.

2 months ago

speakup

Kyy maybe already bought.
once high high then he will write Buy Call in i3
then u follow u die

2 months ago

pang72

Hihi hi.... $2.51...... 8% dividend
$2.00 10% dividend

2 months ago

pang72

One stock can beat everyone in i3..

2 months ago

pang72

$2.54....... Rebound... Wait la...

2 months ago

pang72

Uncle YY so pro this round bought MAGNI..
This stock is AA stock..
Nothing to critic from cash to earning

2 months ago

pang72

If can get 10% a year will be wonderful

2 months ago

pang72

Let's more people selling to me in cheap

2 months ago

UnicornP

<100k desired volume daily

2 months ago

UnicornP

If I assume anything below 500k volume..

2 months ago

faruqie

steady growth

2 months ago

Supernoob

$1bil market cap but cash RM600mil!!! crazy company. Just interest income one year already RM20mil++!!!

2 months ago

faruqie

that’s why we need more dividend

2 months ago

larrylyb

The can easily afford more dividends, but guess management is conservative. Very little info out there about this company and their business.

2 months ago

UnicornP

Magni worth RM3.

2 months ago

larrylyb

Hard to say as business is dependent on one major customer, not sure what is their moat. Also depends on what they do with the cash. If more of it comes out as dividends or share buy back and assuming business goes on as usual, will be worth more.

2 months ago

Supernoob

Don't need to say target price like broker..it's a waste of time. The biz is very simple and it's benefit from trade diversion. Do remember Magni is just one of the many supplier to Nike and it doesn't matter.. they have been doing this for so long.

2 months ago

Supernoob

Best gauge for this kind of business is DDM. Assume it continue to pay 4 cents every quarter (annualise) and discount it by 5% yield. That will be will roughly the price that i will pay to take over the whole co. This co is a turtle co and not suitable for goreng kaki. So dont need to look at here.

2 months ago

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