Magni-Tech (Magni)’s 3QFY26 core net profit declined by 23.1% YoY to RM30.7m, dragged by lower contribution from both garment and packaging segments. While Magni’s 9MFY26 core net profit of RM105.7m (-5.5% YoY) accounts for 81% of our full-year forecast, we deem the results to be in-line as 3Q has always been a stronger quarter due to product seasonality.
Magni-Tech
“We remain cautious on Magni’s near-term prospects given the decline in sportswear apparel demand. Magni declared a third interim dividend of 2.5sen, translating to a dividend payout ratio of 35%. YTD DPS declared stood at 9sen,” says analysts at PIB.
PIB is ceasing coverage of the company.
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