Table: Magni's last 8 quarterly results
Graph: Magni's last 32 quarterly results
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.
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)
Based on good financial performance, attractive valuation and bullish technical outlook, Magni remains a very good stock for long-term investment.
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