Magni-Tech is cautiously optimistic

TheStar Tue, Mar 19, 2024 12:00am - 1 month View Original


PETALING JAYA: Magni-Tech Industries Bhd remains cautiously optimistic over its business outlook for the remaining quarters of its current financial year.

In a filing with Bursa Malaysia, the garment manufacturing and packaging firm said key risks on the horizon remain, going forward, with the timing and depth of US interest rate cuts leading to potential market volatility.

“Ongoing geopolitical tensions that could further threaten the global commodity market and supply chain,” it said.

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