Table: Magni's last 8 quarterly results
Chart 1: Magni's last 27 quarterly results
Magni (trading at RM4.49 on Dec 23, 2015) has a trailing PE of 6.8 times (based on last 4 quarters' EPS of 65.7 sen). At this PER, Magni's valuation is still attractive.
Magni is in an upward channel with support at RM2.80 & resistance at RM4.80.
Chart 2: Magni's monthly chart as at Dec 23, 2015 (Source: ShareInvestor.com)
From the daily chart, we can see a line ('AB') connecting all the recent peaks. If the stock can breajk through this at RM4.60, it may go to RM5.50-5.60.
Chart 3: Magni's daily chart as at Dec 23, 2015 (Source: ShareInvestor.com)
Based on good financial performance, attractive valuation & positive technical outlook, Magni is still 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.