Table: Magni's last 8 quarterly results
Chart 1: Magni's last 21 quarterly results
Magni (trading at RM3.16 as at 3.45pm) has a trailing PE of 8.2 times (based on last 4 quarters' EPS of 38.7 sen). At this PE, Magni's valuation is still undemanding. It may command a PE of 9-10 times.
Magni is in a gradual uptrend line. Its immediate support is at the 40-week EMA line at RM2.50. That would be a good entry level for the stock.
Chart 2: Magni's weekly chart as at Jun 27, 2014 (Source: Tradesignum)
Despite the weaker financial performance, Magni is still a good stock for long-term investment in view of its attractive valuation & good technical outlook.
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.