MAGNI-TECH INDUSTRIES BHD

KLSE (MYR): MAGNI (7087)

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Last Price

2.53

Today's Change

0.00 (0.00%)

Day's Change

2.49 - 2.54

Trading Volume

292,300

Financial

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Last 10 FY Result
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
Revenue 1,750,384 1,454,316 1,341,096 1,212,384 988,971 1,226,453 1,205,589 1,073,109 1,079,927 1,139,952 854,066 716,380 7.20%
PBT 233,880 184,130 168,623 125,504 117,010 165,313 157,321 133,104 118,899 154,266 107,273 69,406 10.35%
Tax -55,312 -43,804 -40,213 -30,133 -25,318 -38,128 -35,514 -30,479 -27,533 -34,171 -25,159 -17,202 9.88%
NP 178,568 140,326 128,410 95,371 91,692 127,185 121,807 102,625 91,366 120,095 82,114 52,204 10.50%
-
NP to SH 178,564 140,325 128,410 95,371 91,692 127,165 121,807 102,626 91,367 120,101 82,113 52,204 10.50%
-
Tax Rate 23.65% 23.79% 23.85% 24.01% 21.64% 23.06% 22.57% 22.90% 23.16% 22.15% 23.45% 24.78% -
Total Cost 1,571,816 1,313,990 1,212,686 1,117,013 897,279 1,099,268 1,083,782 970,484 988,561 1,019,857 771,952 664,176 6.91%
-
Net Worth 923,250 923,250 892,909 810,553 762,873 693,521 606,831 528,879 465,413 408,457 322,207 182,243 19.29%
Dividend
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
Div 86,690 60,683 51,147 39,010 28,174 48,113 40,874 37,428 32,546 37,428 29,291 10,847 18.78%
Div Payout % 48.55% 43.24% 39.83% 40.90% 30.73% 37.84% 33.56% 36.47% 35.62% 31.16% 35.67% 20.78% -
Equity
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
Net Worth 923,250 923,250 892,909 810,553 762,873 693,521 606,831 528,879 465,413 408,457 322,207 182,243 19.29%
NOSH 433,950 433,950 433,950 433,950 433,950 433,950 433,950 162,732 162,732 162,732 162,730 108,478 16.63%
Ratio Analysis
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
NP Margin 10.20% 9.65% 9.58% 7.87% 9.27% 10.37% 10.10% 9.56% 8.46% 10.54% 9.61% 7.29% -
ROE 19.34% 15.20% 14.38% 11.77% 12.02% 18.34% 20.07% 19.40% 19.63% 29.40% 25.48% 28.65% -
Per Share
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
RPS 403.83 335.52 309.40 279.71 228.16 282.95 278.14 659.43 663.62 700.51 524.83 660.39 -8.07%
EPS 41.20 32.37 29.63 22.00 21.15 29.34 28.10 63.06 56.15 73.80 50.46 32.08 -0.87%
DPS 20.00 14.00 11.80 9.00 6.50 11.10 9.43 23.00 20.00 23.00 18.00 10.00 1.85%
NAPS 2.13 2.13 2.06 1.87 1.76 1.60 1.40 3.25 2.86 2.51 1.98 1.68 2.28%
Adjusted Per Share Value based on latest NOSH - 433,950
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
RPS 403.36 335.13 309.04 279.38 227.90 282.63 277.82 247.29 248.86 262.69 196.81 165.08 7.20%
EPS 41.15 32.34 29.59 21.98 21.13 29.30 28.07 23.65 21.05 27.68 18.92 12.03 10.50%
DPS 19.98 13.98 11.79 8.99 6.49 11.09 9.42 8.63 7.50 8.63 6.75 2.50 18.78%
NAPS 2.1276 2.1276 2.0576 1.8678 1.758 1.5982 1.3984 1.2188 1.0725 0.9413 0.7425 0.42 19.29%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
Date 31/07/24 31/07/24 30/04/24 28/04/23 29/04/22 30/04/21 30/04/20 30/04/19 30/04/18 28/04/17 29/04/16 30/04/15 -
Price 2.39 2.39 2.21 1.78 1.96 2.31 1.88 4.65 4.51 4.93 4.23 3.17 -
P/RPS 0.59 0.71 0.71 0.64 0.86 0.82 0.68 0.71 0.68 0.70 0.81 0.48 4.44%
P/EPS 5.80 7.38 7.46 8.09 9.27 7.87 6.69 7.37 8.03 6.68 8.38 6.59 1.38%
EY 17.24 13.55 13.40 12.36 10.79 12.70 14.95 13.56 12.45 14.97 11.93 15.18 -1.37%
DY 8.37 5.86 5.34 5.06 3.32 4.81 5.02 4.95 4.43 4.67 4.26 3.15 6.03%
P/NAPS 1.12 1.12 1.07 0.95 1.11 1.44 1.34 1.43 1.58 1.96 2.14 1.89 -6.12%
Price Multiplier on Announcement Date
AQR T4Q 30/04/24 30/04/23 30/04/22 30/04/21 30/04/20 30/04/19 30/04/18 30/04/17 30/04/16 30/04/15 CAGR
Date 03/09/24 03/09/24 25/06/24 26/06/23 23/06/22 23/06/21 22/06/20 21/06/19 22/06/18 28/06/17 23/06/16 23/06/15 -
Price 2.30 2.30 2.39 1.85 1.90 2.37 2.11 5.10 5.10 6.85 4.12 3.60 -
P/RPS 0.57 0.69 0.77 0.66 0.83 0.84 0.76 0.77 0.77 0.98 0.79 0.55 3.80%
P/EPS 5.58 7.10 8.07 8.41 8.98 8.08 7.51 8.09 9.08 9.28 8.16 7.48 0.84%
EY 17.91 14.08 12.40 11.89 11.13 12.38 13.32 12.37 11.01 10.77 12.25 13.37 -0.83%
DY 8.70 6.09 4.94 4.86 3.42 4.68 4.47 4.51 3.92 3.36 4.37 2.78 6.59%
P/NAPS 1.08 1.08 1.16 0.99 1.08 1.48 1.51 1.57 1.78 2.73 2.08 2.14 -6.57%

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

MR. BEAN

https://www.statista.com/outlook/emo/fashion/china#:~:text=Revenue%20in%20the%20Fashion%20Market,revenue%20is%20generated%20in%20China.

2024-06-21 07:41

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

ProfitBaM

https://theedgemalaysia.com/node/716783 QR

2024-06-25 22:29

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

2 months ago

shawn88

Boss keep buying

2 months ago

bullvestor

Do they sell garment materials or garments

2 months ago

Supernoob

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

1 month ago

Najib Zamry

Solid result …..best of the best

3 weeks ago

UnicornP

But a bit on the high side.

3 weeks ago

Supernoob

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

3 weeks ago

KingKKK

MAGNI-Tech on the rise, is a Major Breakout Brewing?

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-09-04-story-h468200693-MAGNI_Tech_on_the_rise_is_a_Major_Breakout_Brewing

3 weeks ago

UnicornP

Speculating @ 2.57

3 weeks ago

pang72

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

3 weeks ago

pang72

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

3 weeks ago

pang72

Huge cash reserve back for the stock price.
Zero worrying

3 weeks ago

UnicornP

Good pang is here! 🤗

3 weeks ago

pang72

It is too attractive of not coming here

3 weeks ago

pang72

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

3 weeks ago

pang72

Some more supports by public bank 3.26..

3 weeks ago

gladiator

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

3 weeks ago

gladiator

Buy first before Kyy buy.

3 weeks ago

speakup

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

3 weeks ago

pang72

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

3 weeks ago

pang72

One stock can beat everyone in i3..

3 weeks ago

pang72

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

3 weeks ago

pang72

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

3 weeks ago

pang72

If can get 10% a year will be wonderful

3 weeks ago

pang72

Let's more people selling to me in cheap

3 weeks ago

UnicornP

<100k desired volume daily

3 weeks ago

UnicornP

If I assume anything below 500k volume..

3 weeks ago

faruqie

steady growth

3 weeks ago

Supernoob

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

2 weeks ago

faruqie

that’s why we need more dividend

2 weeks 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 weeks ago

UnicornP

Magni worth RM3.

2 weeks 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 weeks 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 weeks 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 weeks ago

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