U.S. has Magnificent 7.
Malaysia has the MAGNI-ficent $MAGNI / 7087 (MAGNI-TECH INDUSTRIES BERHAD) 🤣

*I bet someone would steal this tagline very soon 🤓 cough cough*

Anyway, here's some quick takeaway after reading their AR and latest QR -

Business Overview:
Magni Group manufactures and supplies garments and a wide range of flexible plastic and corrugated packaging products.
The top five markets contribute 91.4% of the total revenue during FYR 2024:
- United States of America (29.5%),
- European Countries (22.9%), China (18.1%)
- Other Asian Countries (14.2%)
- Malaysia (6.7%)

Garment business (contributes around 94% of revenue)
- Wholly-owned subsidiary, South Island Garment Sdn Bhd (SIG) operates both locally and in Vietnam. Vietnam operations are carried out through strategic manufacturing partnership with its Vietnamese partner.
- 45 years of experience in the apparel industry.
- Manufacturer of high-quality and sophisticated woven sportswear.
- Mainly exports its products to international markets such as USA, European Countries, China, Asia Pacific, Latin America and Australia.

Packaging Business (contributes around 6% of revenue)
- 2 subsidiaries (South Island Plastics Sdn Bhd & Inter-Pacific Packaging Sdn Bhd ) which have manufacturing facilities in Malaysia.
- In operation for more than 30 years.
- The packaging products are typically used by the manufacturing sector, such as the food, beverage, healthcare, rubber based, consumer household and electronic sub-sectors.
- Although the packaging products are mainly sold locally, a high percentage of them are used in the packaging of manufactured products destined for the export markets.

Dividends:
- For FYR 2024, payout ratio was 39.8% (FYR 2023: 40.9%) while based on cash flow, the payout ratio was 36.1% of the free cashflow (FYR 2023: 79.9%).
- No formal dividend policy but has been practicing a payout ratio ranging from 30.7% to 40.9% over the past 5 years.

Other remarks:
They are so freaking net cash that they have RM634mil in bank deposits and cash balances… and their total liabilities is just RM189mil