Table: Magni's last 8 quarterly results
Chart 1: Magni's last 15 quarterly results
Magni's financial position as at 31/10/2012 is deemed healthy, with current ratio at 2.6 times and no bank borrowings. Its working capital management is satisfactory, with inventory turnover & debtors' turnover of 37 & 53 days, respectively.
Magni (closed at RM1.45 yesterday) is now trading at a PE of 4.8 times (based on last 4 quarters' EPS of 30.46 sen). At this PE, Magni is deemed fairly attractive.
Magni is in a gradual uptrend line. Its immediate support is at the horizontal line at RM1.30 & then the uptrend line at RM1.25.
Chart 2: Magni's weekly chart as at Dec 18, 2012_12pm (Source: quickcharts)
Based on good financial performance & position, attractive valuation & good technical outlook, Magni is a good stock for long-term investment.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Magni.