【MAGNI 7087 交流专区】美特工业

哭哭鸟

【美女佳绩】- MAGNI(7087)盈利屡破新高，派息5仙股息!
Thursday, December 15, 2016
http://harryteo.blogspot.my/2016/12/1276-magni70875.html

MAGNI(7087) 美女在昨天公布了非常出色营业额以及盈利，28.52 mil的盈利又是历史新高，同时还公布了5仙的股息。不过公司也公布会关闭持股99.4%的印刷包装产品制造子公司South Island Packaging(SIPP)以精简集团业务。主要原因是这家子公司在2014以及2016的Profit Before Tax分别为18万2000令吉以及33万5000令吉，而2015年蒙受亏损，预计关闭相关费用是272万3000令吉。

不过公司在出色的业绩带动下，14日的股价上涨了7仙，而且成交量更是突破10年新高的201万3,300股。以下是MAGNI在过去6个季度的资产债务表数据。

• MAGNI的营业额以及盈利双双都是新高，美金复苏对出口的MAGNI多少都会有正面的影响，这个季度的Net Profit Margin更是4个季度以来最高的一次 = 10.21%。
• 这个季度的外汇盈利是671k，比去年同期的8.176 mil少了7.5 mil之多。但是主要的Operating profit持续成长，证明公司不是单单依赖外汇盈利。
• Retained Earning已经来到了196.102 mil，完全有能力1送1红股。不过公司去年才2送1红姑，所以短期应该不会派发红股。
• 现金以及Other Investment一共是136.77 mil，比上个季度的152.944 mil少了16 mil多。主要是因为派息花费16.723 mil，而且Receivables也从上个季度的101.634 mil降低到77.077 mil。整体而言，公司的现金里还是非常强劲，未来的派息还是可以保持稳定的输出。
• 由于Total Liabilities从114.375 mil减少到93.99 mil，公司的NTA也从2.13上升到2.21，3个季度的时间从1.92进步到2.21，净资产上升幅度惊人。
  

以上是公司过往10年的EPS, DPS以及Dividend Payout Ratio。公司两个季度的EPS = 31.99, 这相等于上个财政年的63%。MAGNI最新4个季度的营业额已经突破了1,000 mil, FY2017要保持20%或以上的盈利成长应该不是难题。

而公司的现金流处于顶峰，因此可以维持着非常大方的派息策略。

总体而言，公司服装的盈利占了公司95.1%的Profit Before Tax，这主要都是收到了更多的订单以及持续的产线优化。Operating Expense的增加，最低薪金制度以及外汇盈利减少都是拉低公司盈利的主因。不过公司还是看好接下来半年的表现，在外汇走高的情况下，笔者也认为这个额外利好会为公司带来正面的贡献。

公司的盈利在最新4个季度YOY分别进步了49%，14%，51%以及32%。2015年12月31日MAGNI的闭市价格是RM4.48, 接近1年后的现在，股价4.18, 相比之前下跌了30仙。在过去的12个月里，MAGNI一共派发了23仙的股息。所以去年12月31日持有至今的透支者，手上还亏损着7仙。因此买进的时机也是非常重要，假设有投资者在RM4捞底，情况又不一样了。

现在公司的PE = 7.02, ROE = 26.96, 净现金，盈利保持正面成长，笔者认为这是一家稳重求胜的公司。今年表现不佳，这对还未投资的朋友或许会是一个机会，毕竟周息率接近4.8%是典型的【5%+10%】股息成长股。
MAGNI需要注意的事项:

• 公司主要大客户NIKE的营业额不佳，市场担心MAGNI的订单会受到影响。不过最新季度的Order却增加了，这有点让人惊喜。
• 美国新总统要美国本土公司把制造工厂移回美国，部分投资者担心NIKE会移师回美国。
  

以上纯属分享，买卖请自负。

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-14122016-00001
Subject	CLOSURE OF EXISTING MANUFACTURING BUSINESS OF SOUTH ISLAND PACKAGING (PENANG) SDN BHD ("SIPP"), A SUBSIDIARY OF MAGNI-TECH INDUSTRIES BERHAD ("MAGNI") ("CLOSURE")
Description	Magni-Tech Industries Berhad Closure of Existing Manufacturing Business of South Island Packaging (Penang) Sdn. Bhd., a subsidiary of Magni
Query Letter Contents	We refer to your Company’s announcement dated 13 December 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- Historical financial information of SIPP for the past 3 years including profit/loss after tax, total assets and total liabilities, including the commentary on the past 3 years performance. Details of assets to be disposed off as well as details/description of the leasehold land and factory building owned by SIPP and what is the proposed usage of the properties after the cessation. To quantify the earnings per share and net assets per share after taking into account the total estimated costs of the Closure amounting to RM2.72 million. The Group’s corporate structure before and after the Closure and what are the Company’s plan with regard to the remaining business moving forward. Whether SIPP will be wound up upon the completion of Closure.
(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 13 December 2016 in relation to the Closure of existing Manufacturing Business of South Island Packaging (Penang) Sdn. Bhd. (“SIPP”), a subsidiary of Magni (“Announcement”)) Further to the Announcement and Bursa query dated 14 December 2016, please refer the attachment for the full details of the reply to Bursa. This announcement is dated 15 December 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5290449

Attachments Reply to Bursa 15 Dec 2016.pdf

哭哭鸟

2017 defensive stock + Growth stock - 我下一任女友-美女
Author: warmblood   |   Publish date: Sun, 1 Jan 2017, 10:01 PM
http://klse.i3investor.com/blogs/Learntoinvest/112865.jsp

哭哭鸟

Top 10 Stock Picks for 2017
By The Edge Financial Daily / The Edge Financial Daily   | January 9, 2017 : 8:57 AM MYT   
http://www.theedgemarkets.com/my/article/top-10-stock-picks-2017

While uncertainties in the market are certain, this has not stopped investors and fund managers from attempting the absurd in order to hit a “home run” in their stock picks. One of the key themes that will come into play in 2017 will be the US President-elect Donald Trump’s policies as well as a possible increase in the pace of rate hikes by the US Federal Reserve. This would lead to a stronger US dollar that could benefit some of the export players.

Thematic investing continues to include construction plays with the rollout of new major infrastructure projects in the country. There has also been a rising earnings prospect for the plantation sector as crude palm oil price remains high and output is expected to improve moving into the second half of 2017.

The oil and gas sector also sees a gradual improvement in sentiment following the gradual recovery in oil prices after the deal on production cut between the Opec and non-Opec members.

Higher tourist arrivals with 2017 being Asean@50 Year and as Malaysia plays host to the 2017 Southeast Asian Games and Asean Para Games could also benefit airlines, gaming and leisure sectors. A possible early general election in the country could also give a boost to the market. With external headwinds remaining dominant driving volatility, a defensive strategy remains prominent for the Malaysian equity markets.

The Edge Financial Daily has compiled a list of stock picks based on these investment themes.
                                                        


Magni-Tech Industries Bhd

Magni-Tech Industries Bhd, the largest original equipment manufacturer for Nike in Malaysia for apparel products, could ride on the sportswear giant’s impressive growth story as Nike’s latest second quarter for fiscal year 2017 beat estimates on both sales and earnings per share.

Last year, Magni-Tech’s share price performance was disappointing as it fell by 6.47% to close at RM4.19 on the last day of 2016 despite an increase of 31.9% in its net profit for the second financial quarter ended Oct 31, 2016 to RM28.5 million.

Inter-Pacific Research Sdn Bhd has maintained its “buy” call on the apparel manufacturer with a target price of RM5.72, indicating a 36.5% upside from its last closing price on Dec 30, 2016.

With a price-earnings ratio of about 8.5 times (below the industry’s average of 9.3 times) and a strong balance sheet, the year ahead looks bright for Magni-Tech although Inter-Pacific Research cautioned that upside might take some time to materialise. It has zero debt with a total cash holding of RM62.6 million and RM74.1 million invested in investment securities.

With its dividend yield of about 3% expected to continue, its proven track record in the industry, excellent balance sheet, a stronger US dollar and an expected earnings growth riding on Nike, Magni-Tech could just entice investors to give it a second thought for 2017 after being overlooked for most of 2016. — By Billy Toh

Tony-Pua

哭哭鸟 发表于 17-12-2015 10:50 PM
业绩几时出?

2000年投资了rm1080............今天变了rm10000++

哭哭鸟

Tony-Pua 发表于 16-1-2017 09:33 PM
2000年投资了rm1080............今天变了rm10000++

恭喜啊..

哭哭鸟

今天最高4.82

哭哭鸟

Value Pick No. 1: Magni Tech Industries Bhd (TP RM5.40)
Monday, 28 December 2015
https://tradeview101.blogspot.my/2015/12/value-pick-no-1-magni-tech-industries.html

Value Pick No. 1: Magni Tech Industries Bhd (TP RM5.40)

Quarterly Results (2Q) of Magni announced last week was mind blowing. Magni achieved record quarterly results with a jump of 2.7 times EPS from 7.38 sens to 19.94 sens. It is amazing because although many already knew good results was on the way, most were delighted to know there was special dividend of 3 sens on top of the 5 sens interim dividend. Of course, Magni as a garment manufacturer is a strong beneficiary of the export theme. Weak MYR has allowed Magni to achieve supernormal profit margins. However, the key to their continuing profitability is their tie up with Nike. Look below:

• Orders for the Nike brand for the next four months rose 20 percent, excluding the effects of currency. Analysts expected a 13.6 percent gain.
• Net income increased 20 percent to $785 million.
• Sales rose 4.1 percent to $7.69 billion. Analysts estimated $7.81 billion.
• Gross margin widened 0.5 percentage point to 45.6 percent.
  

Most export counters has shot up and the price has ran substantially. Magni was among those that went up a lot and even had a bonus. Yet, I chose to put money in Magni because of the increase in profit comes from beyond just the profit margin. Their revenue is also growing which to me shows that even if the share price has went up, there is still more room as it is not only a profit margin play. If you believe in the potential growth of Nike, then dont hesistate to jump in.

Against its peer, Prolexus which is trading at 11.5x PE, Magni is currently trading at 10x at the closing price of RM4.49 Wednesday. I am confident the next Magni is able to maintain their EPS for the next 2Q due to festive seasons cycle as well as the impending Olympic 2016 which will boost sales for Nike sporting products.

The current EPS stands at 22.86 sens for 2 quarters. Taking a forward annualise earnings for 4 quarters amounts to 45.72 sens. At PE 11.5x, the fair value for Magni should be RM5.25 and at PE 14x, the fair value would be RM6.40. In addition, there is also a dividend of 8 sens declared. Conservative individuals can consider multiplying a 10-20% discount. As such, I raise the multiple to x12 and conservatively forecast the full year 2016 EPS at 45 sens, this would bring the FV to RM5.40 which in my opinion is reasonable.

http://www.bloomberg.com/news/articles/2015-12-22/nike-profit-tops-analysts-estimates-as-footwear-remains-strong

Disclaimer: This is not a recommendation to trade. It is merely the expression of the author's personal opinion and shall not be held responsbile for potential gains or losses executed by readers.

Tony-Pua

哭哭鸟 发表于 17-1-2017 03:03 PM
恭喜啊..

RM5.06............來到了历史新高。。。。

Tony-Pua

新高 rm5.25 看來業積又大赚了。。。

Tony-Pua

哭哭鸟 发表于 17-1-2017 03:03 PM
恭喜啊..

这几天又要公佈好業積了。。。。

哭哭鸟

美特工业第三季净利扬13.4% 派息6仙
By Billy Toh  / theedgemarkets.com   | March 16, 2017 : 8:21 PM MYT
http://www.theedgemarkets.com/my/article/美特工业第三季净利扬134-派息6仙

（吉隆坡16日讯）美特工业（Magni-Tech Industries Bhd）2017财政年第三季净利年增13.4%至2960万令吉，同期净赚2610万令吉，因营业额走高、外汇收益增加，以及生产力不断走好。

该集团2017财年第三季（截至2017年1月31日止）营业额按年扬升7.5%至2亿8910万令吉，同期录得2亿6890万令吉，归功于销售订单增加。

美特工业今日向大马交易所报备，服饰与包装业务的营业各别增长8.2%和2.5%。

“服饰业务的税前盈利提高26.7%，主要因为营业额增加、较高的外汇收益（其他营运收入），以及生产力发展正面。”

包装业务的税前盈利则大幅萎缩153.2%，归咎于South Island Packaging（槟城）私人有限公司的停业成本合共288万令吉。若剔除这笔一次性停业成本，该集团的包装业务税前盈利将呈7.9%的增长。

美特工业宣布，派发每股3仙的第三次单层中期股息，以及每股3仙的单层特别股息。

总结2017财年首9个月的业绩表现，美特工业净利扬升29%至8160万令吉，同期报6330万令吉。假设该集团没有这笔288万令吉的停业成本拨备，净利增幅应该更加大。

合共3季营业额也按年增长27.3%至8亿4030万令吉，同期共计6亿6010万令吉。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2017	31 Jan 2016	31 Jan 2017	31 Jan 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	289,123	268,921	840,307	660,081
2	Profit/(loss) before tax	40,124	34,151	108,663	83,308
3	Profit/(loss) for the period	29,544	26,066	81,595	63,270
4	Profit/(loss) attributable to ordinary equity holders of the parent	29,554	26,066	81,604	63,270
5	Basic earnings/(loss) per share (Subunit)	18.16	16.02	50.15	38.88
6	Proposed/Declared dividend per share (Subunit)	6.00	5.00	16.00	13.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.3400		1.9800

哭哭鸟

Tony-Pua 发表于 15-3-2017 09:36 PM
这几天又要公佈好業積了。。。。

已經公佈了,業績還不錯的..

哭哭鸟

Type	Announcement
Subject	OTHERS
Description	Magni-Tech Industries Berhad ("Magni" or " the Company")- Reason for Variation On The Rate of Dividend Declared Compared to Corresponding Period in Previous Financial Year
The Board of Directors of Magni is pleased to declare a Third Single Tier Interim Dividend of 3 Sen and a Single Tier Special Dividend of 3 Sen per ordinary share totaling 6 Sen for the financial year ending 30 April 2017 (Quarter 3 of FYR 2016 : Single Tier Interim Dividend of 3 Sen and a Single Tier Special Dividend of 2 Sen per ordinary share totaling 5 Sen). The higher rate of dividends declared by 1 Sen as compared with Quarter 3 of FYR 2016 is attributed to the encouraging financial performance of the Group. This announcement is dated 16 March 2017.

哭哭鸟

EX-date	29 Mar 2017
Entitlement date	31 Mar 2017
Entitlement time
Entitlement subject	Special Dividend
Entitlement description	A Single Tier Special Dividend of 3 Sen per ordinary share for the financial year ending 30 April 2017
Period of interest payment	to
Financial Year End	30 Apr 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	PLANTATION AGENCIES SDN BERHAD3rd Floor, Standard Chartered Bank Chambers2, Leboh Pantai10300Tel:042625333Fax:042622018
Payment date	12 Apr 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	31 Mar 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 0.000

哭哭鸟

EX-date	29 Mar 2017
Entitlement date	31 Mar 2017
Entitlement time
Entitlement subject	Interim Dividend
Entitlement description	A Third Single Tier Interim Dividend of 3 Sen per ordinary share for the financial year ending 30 April 2017
Period of interest payment	to
Financial Year End	30 Apr 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	PLANTATION AGENCIES SDN BERHAD3rd Floor, Standard Chartered Bank Chambers2, Leboh Pantai10300Tel:042625333Fax:042622018
Payment date	12 Apr 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	31 Mar 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.03
Par Value	Malaysian Ringgit (MYR) 0.000

Tony-Pua

哭哭鸟 发表于 16-3-2017 06:42 PM
已經公佈了,業績還不錯的..

又要拿股息咯。。。。

哭哭鸟

MAGNI (7087) - MAGNI-TECH INDUSTRIES BHD: Earning Growth Slowed
3/17/2017http://nexttrade.blogspot.my/2017/03/magni-earning-growth-slowed.html

Results Update
For QE31/1/2017, Magni's net profit rose 3.6% q-o-q or 13.4% y-o-y to RM29.6 million while revenue rose 3.3% q-o-q or 7.5% y-o-y to RM289 million. Revenue increased q-o-q due to 3.7%-increase in Garment revenue as a result of favorable foreign exchange rate but was partially weighed down by lower sale orders received and 0.4%-increase in Packaging revenue as a result of higher sale orders received. PBT increased q-o-q due to higher PBT for Garment PBT of 14.2% mainly due to higher revenue and higher foreign exchange gain (Other operating income) which was partially offset by a 158.5%-drop in packaging PBT mainly due to the provision of SIPP's closure costs of RM2.877 million. Had there been no provision for the closure costs, packaging PBT would have been higher by 18.6% versus the preceding quarter mainly due to better productivity, aided by a slight increase in revenue.


Table: Magni's last 8 quarterly results


Graph: Magni's last 32 quarterly results

Valuation

Magni (trading at RM5.16 yesterday) has a trailing PE of 8.4 times (based on last 4 quarters' EPS of 61.73 sen). Its last 2 years' earning CAGR was at 50%; giving the stock a PEG ratio of less than 0.2x. At this PEG ratio, Magni's valuation is still very attractive.  

Technical Outlook

Magni is in a long-term uptrend. The stock broke above the January 2016 high of RM4.60; signaling the continuation of the long-term uptrend.


Chart 1: Magni's monthly chart as at Mar 16, 2017 (Source: ShareInvestor.com)


Chart 2: Magni's weekly chart as at Mar 16, 2017 (Source: ShareInvestor.com)

Conclusion
Based on good financial performance, attractive valuation and bullish technical outlook, Magni remains a very good stock for long-term investment.  

Tony-Pua

哭哭鸟 发表于 16-3-2017 06:42 PM
已經公佈了,業績還不錯的..

以为今天可冲新高。。。。haizzzzzzzzzzz

哭哭鸟

Tony-Pua 发表于 17-3-2017 07:55 PM
以为今天可冲新高。。。。haizzzzzzzzzzz

的確有點小失望..