MMAG HOLDINGS BERHAD
KLSE (MYR): MMAG (0034)
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Last Price
0.425
Today's Change
+0.005 (1.19%)
Day's Change
0.415 - 0.425
Trading Volume
1,066,200
Profile
MMAG HOLDINGS BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: TECHNOLOGY TECHNOLOGY
Subsector: DIGITAL SERVICES DIGITAL SERVICES
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
Description
MMag Holdings Bhd is a Malaysia based company engaged in offering information and communication technologies (ICT) Solutions. Its segments include ICT distribution, which includes the distribution of volume ICT products to resellers and retailers; Enterprise systems, which offers enterprise and hotel management solutions, Logistic services, which offers courier and delivery services, and Others, which includes the business of investment holding and dormant. The company offers a range of product categories, including laptops, desktops, components, point of sale (POS) hardware, accessories, mobile devices, storage, and software.
Address
Discussions
17 people like this. Showing 50 of 11,358 comments
Many uncles auntys pakcik makciks trapped at high floor waiting for Victor Chin to free them
2024-06-04 22:11
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
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
Director charged not bad news meh?
https://theedgemalaysia.com/node/713863
2024-06-24 09:24
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 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
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
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
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
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
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
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
2024-08-22 09:42
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
2 months ago
Damn kept converting warrants to mother share now this counter is so huge and heavy
1 month ago
the modus operandi is :
rights issue -> consolidation -> rights issue -> consolidation -> rights issue -> consolidation ..... infinite times cos Bursa/SC is sleeping on the job!
1 month ago
https://themalaysianreserve.com/2024/10/02/mmag-triggers-gn3-criteria-but-aims-for-waiver/
buying opportunity?
1 month ago
@ 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
1 month ago
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/
1 month ago
FAIL sulit mafia korporat Victor Chin didedahkan semula selepas beliau kembali sebagai Pengarah Eksekutif MMAG Holdings
https://the-corporatesecrets.com/blog/2024/10/07/fail-sulit-mafia-korporat-victor-chin-didedahkan-semula-selepas-beliau-kembali-sebagai-pengarah-eksekutif-mmag-holdings/
1 month ago
MMAG gets GN3 status waiver from Bursa Securities
https://theedgemalaysia.com/node/734302
3 days ago
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