Magni-Tech Industries Bhd (Magni-Tech) manufactures garments in its plants in Malaysia and Vietnam for primary income. It manufactures packaging materials in Malaysia for secondary income. As of 30 August 2019, the company is valued at RM 877.1 million in market capitalisation. 

In this article, I’ll cover on its recent financial results, happenings, and valuation figures. Here are 12 things to know about Magni-Tech before you invest.

Segment 1: Garment Manufacturing
It is Magni-Tech’s main source of income. Segment profits had grown at a CAGR of 22.7% for the last ten years, growing from RM 15.3 million in 2009 to RM 118.6 million in 2019. This is mainly due to receiving higher orders consistently from 1 prominent customer who has a vast network of retail operations worldwide.

Source: Magni-Tech’s Annual Reports

Its key markets are as follows:

Key Markets

Revenue 2009
(RM Million) Revenue 2019(RM Million) % of TotalRevenue for Year 2019...