MMAG (0034): Financials Summary, Key Results, Growth

Ni Victor Chin memang powerful

2024-06-04 11:16

Many uncles auntys pakcik makciks trapped at high floor waiting for Victor Chin to free them

2024-06-04 22:11

sustaining well at 30....
Up or down?

2024-06-06 12:09

still strong at 30.....
no direction already.....

2024-06-07 11:43

still stay put at 30.....
hope to see the price go down soon......

2024-06-13 17:18

Why super strong support at 30¢? Victor Chin suka nombor 30?

2024-06-13 21:51

kangcs

Lai LIAO....GO GO GO

2024-06-24 09:12

FOR NEWBIES

Previous Corporate exercises

Announced EX Date Subject Ratio Offer
07 Dec 2023 20 Dec 2023 Rights Issue (warrant) 6.0000 : 1.0000 0.1000
16 Oct 2023 27 Oct 2023 Share Consolidation 1.0000 : 10.0000
20 Oct 2017 01 Nov 2017 Rights Issue (warrant) 1 : 2 0.2500
20 Oct 2017 01 Nov 2017 Rights Issue 2 : 1 0.0500
28 Jun 2017 10 Jul 2017 Share Consolidation 4 : 1

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

Look at Capital Changes and Annual P/L in above link

=============
NOSH = 1,992,713,801
WC = 429,676,804
After latest share consolidation and fund raising via massive rights issue, NOSH approaching 2 BILLION shares !!

Multi year loss making company
10 years losses in a row !!! (2015 to current)

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

================
Don't be caught at high price !!!
Price might eventually dipped below 10sen again when directors unable to turn around the business losses

2024-06-24 09:16

Victor Chin is back with vengence!

2024-06-24 09:18

https://themalaysianreserve.com/2023/07/17/lawsuit-strikes-mmag-rm50m-alleged-conspiracy-to-injure-sends-shockwaves/
good new update that why mmag shoot up?

2024-06-24 09:19

https://theedgemalaysia.com/node/713863
got new update that why mmag shoot up?

2024-06-24 09:21

newbie2018

Director charged not bad news meh?
https://theedgemalaysia.com/node/713863

2024-06-24 09:24

Crooks now fighting among themselves ?

2024-06-24 15:51

https://www.thestar.com.my/business/business-news/2024/06/26/sc-sues-datuk-dr-yu-kuan-chon-for-market-manipulation
why pick on Dr Yu? there are so many others like him

2024-06-26 21:31

still in the range of 30-32....
must break 40....
wait and see.....

2024-07-02 14:07

still holding strong at 31-32....
need to break 40....
wait....

2024-07-03 15:50

newbie9893

MMAG resistance breakout...will spike up to the moon

2024-07-05 11:49

newbie9893

still not too late to sapu MMAG@0.34 now, you won't be able to get this price in afternoon section...

2024-07-05 12:24

Ni Victor Chin memang kuat goreng

2024-07-05 12:58

as long the price didn't go down to below 30....
I think is a good trending for future upwards.....
yet to see the price test back the previous higher range of 35-40.....
to be safe to go in, technically need to see the price break above 40 and sustaining.....
otherwise, i would say it will trend between 30-35 range only.....
not much action and not so good for traders....

2024-07-06 11:14

still within the range of 30....
good sign....

2024-07-10 15:33

SWX1987

this stock is now hot hot!!! warrant is moving!!! do you think warrant will bring mother go as well?

2024-07-16 09:21

FOR NEWBIES

WC = 423,077,604
Maturity 2029-01-15
Strike value 0.1500

Current price = 0.26

https://www.klsescreener.com/v2/stocks/view/0034WC

Don't be caught at high price and end up with worthless warrants approaching expiry date

2024-07-17 09:27

sustaining well at range 33-35....
need to break 40....
let's see whether it will happen or not in coming days....
stay tune guys.....

2024-07-17 14:23

still holding strong at 33....
son already 26-28 range...
any manipulation here ?....

2024-07-24 09:57

This is control by Goreng King Victor Chin.
U make money or not is up to him

2024-07-24 11:27

son reached 32.....
wow.......

2024-07-25 14:18

hinakojw

Can somebody teach I why MMAG-WC which was free warrant can climb up so much until 0.305 vs mother share of MMAG which only 0.33 ?

2024-07-25 16:16

Because mmag syndicate is Goreng King Victor Chin

2024-07-25 22:01

hinakojw

Only 2 days without any news sudden drop back to 0.25.....OMG !
Suppose got profit, now become in red....

2024-07-31 09:39

newbie5354_

35 sen why CBL or Chan Swee Ying not selling good?

2024-08-08 10:02

FOR NEWBIES

Announced EX Date Subject Ratio Offer
07 Dec 2023 20 Dec 2023 Rights Issue (warrant) 6.0000 : 1.0000 0.1000
16 Oct 2023 27 Oct 2023 Share Consolidation 1.0000 : 10.0000 View

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

MMAG still holding strong after share consolidation and massive rights issue

NOSH = 2,000,259,001 exceeding 2 BILLION Shares again

9 years of continuous annual losses since 2015 !!!

Interesting to see how long the mighty operators can hold MMAG at high prices

===============
Expect directors to continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

Expect NOSH to continue to rise further
Shareholders equity % and EPS will be further diluted with more fund raising via shares issuance

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition

2024-08-20 09:15

What is the latest news on Victor Chin court case?

2024-08-20 09:39

2024-08-22 09:42

TCH1186

Tp 0.45

2024-08-22 15:42

If directors remain incapable in business operations, it is just
right hand to left hand
left hand to middle hand
middle hand to retailers

Trade with care

2024-08-27 09:17

blistering

Damn kept converting warrants to mother share now this counter is so huge and heavy

2 months ago

the modus operandi is :
rights issue -> consolidation -> rights issue -> consolidation -> rights issue -> consolidation ..... infinite times cos Bursa/SC is sleeping on the job!

2 months ago

https://themalaysianreserve.com/2024/10/02/mmag-triggers-gn3-criteria-but-aims-for-waiver/
buying opportunity?

2 months ago

But ECS become VSTECS so good?

2 months ago

JJPTR

@ whistlebower99

old Name--> new name
KSTAR--> Sinaran
Dynaciate Grp--> Ingens--> MMAG (classified as GN3 company ***)
MINETEC --> AIZO (latest****)
AT system-> Erdasan Group bhd (latest****)
FOCUS dynamic --> change fin yr from Sep to Mar (latest***)
FASTRAK -> VSOLAR
LITESPD -> EDUSPEC
HUAAN -> TECHNAX
MEDAINC -> MERIDIAN
PSIPTEK - > AGES (pn17)
IDMENSN -> EVD
NEXTNAT -> NEXGRAM
BIOOSMO -> IMPIANA-> MAGMA (latest)
TECFAST-> FAST
PORTRAD -> OMEDIA -> ACCSOFT -> LAMBO (SC to delist by Oct 4th,2024)
TMS -> SKH -> (Vortex Consolidate) -> HM(Harvest Miracle)
ETITECH -> TRIVE
POWER-> INSTACO -> VIVOCOM -> VINVEST
GLOSOFT -> AGLOBAL -> NETX
M3TECH --> XOXTECH
MACPIE --> XOXNET
ASTRAL Supreme--> VIZIONE (5 merge into 1 shares, price adjust from 5c to 25c, dropping again)

Is it costly to keep changing company names?
YES.
1 Government filing fees
2. Legal cost, need lawyer to prepare documents
3. Updating logo,marketing material,signboard,letterhead can be expensive
4. Domain name,website,register new trademark
5. Time,administrative,updating account, marketing material ,customer and vend
or notifications
6. Resources, internal team,staff,,contractors wasting lots of time
7. IT team need to waste time updating digital asset
In conclusion, companies that change name often are not productive. One can study its quarterly financial report and notice revenue as good as non-existent and loses increasing.
Do you see good solid company like Public Bank change name before? The day it happen, run for your life. When you see Conmen Sdn Bhd change to Conmen-new Sdb Bhd, the SOP is to RUSH OUT not RUSH IN

2 months ago

haziqaz

MMAG Holdings, Syarikat Mafia korporat Victor Chin Boon Long rugi dan bermasalah kewangan diklasifikasikan GN3

https://the-corporatesecrets.com/blog/2024/10/06/mmag-holdings-syarikat-mafia-korporat-victor-chin-boon-long-rugi-dan-bermasalah-kewangan-diklasifikasikan-gn3/

2 months ago