Listed in 2000, Magni-Tech Industries Berhad (Magni) started back in 1997 as a packaging company before diversifying into the apparel business in 2006. Currently, the Group has two core businesses, namely garment and packaging. With the aid of the strong growth in its garment arm, Magni-Tech has consistently recorded positive core net profit growth since 2010, at an encouraging CAGR of 22.5%.
Magni serves as a contract manufacturer for a major customer - Nike, who contribute up to 80% of its total revenue.
Check out financial analysis of Magni here:
https://bit.ly/3aZFDNG
Check out financial analysis of Nike here:
https://bit.ly/3gwYtwu
Check out financial analysis of Magni here:
https://bit.ly/3aZFDNG
Check out financial analysis of Nike here:
https://bit.ly/3gwYtwu
https://klse.i3investor.com/blogs/TRV/2020-08-26-story-h1512544517-MAGNI_Recovery_play.jsp
