KLSE (MYR): MMAG (0034)
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Last Price
0.155
Today's Change
+0.015 (10.71%)
Day's Change
0.15 - 0.155
Trading Volume
8,582,900
Market Cap
263 Million
NOSH
1,696 Million
Avg Volume (4 weeks)
10,120,115
4 Weeks Range
0.10 - 0.155
4 Weeks Price Volatility (%)
52 Weeks Range
0.005 - 0.18
52 Weeks Price Volatility (%)
Previous Close
0.155
Open
0.15
Bid
0.15 x 2,748,300
Ask
0.155 x 3,268,500
Day's Range
0.15 - 0.155
Trading Volume
8,582,900
Latest Quarter | Ann. Date
31-Dec-2023 [#3] | 29-Feb-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 30-May-2024
T4Q P/E | EY
-5.64 | -17.73%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.00 | 1550.00
T4Q NP Margin | ROE
-12.57% | -27317.99%
Sector: TECHNOLOGY
Sector: TECHNOLOGY
Subsector: DIGITAL SERVICES
Subsector: DIGITAL SERVICES
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.
Rights issue 10sen per share on 23 Jan 2024. Market maker definitely will go all out to pump. Last earnings are profitable TP>>14-17
1 month ago
something fishy! mother should be 14 sen by now. seem like warrant play only. this is not sustainable!
1 month ago
look like trap to me coz mother is lagging warrant by huge margin. mother should be 14sen base on now warrant price
1 month ago
indicators confirmed the strengthening of the rally as it overwhelmed 11 sen and yet remained not oversold ; anticipating more upside 13.5 to 14.5
1 month ago
Those subscribed the rights at RM0.10 are making Rm0.065 cents or 65% now
Rm0.125 + 0.5WC (Rm0.08)= RM0.165
Dont play play with Victor Chin
1 month ago
https://youtu.be/MjGxPd1d6Vo lucky i watched her video and sold my position too this morning
3 weeks ago
FOR NEWBIES
TAKE NOTE OF RECENTLY COMPLETED CORPORATE EXERCISE :-
A. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("COMPANY") ("MMAG SHARE(S)") HELD AS AT 5.00 P.M. ON 30 OCTOBER 2023 ("ENTITLEMENT DATE") INTO 1 MMAG SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
https://www.klsescreener.com/v2/stocks/announcement/0034/2481685
2,422,391,577 MMAG Shares consolidated into 242,239,061 Consolidated Shares on 31 October 2023
================
B. RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,453,434,366 NEW ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 21 DECEMBER 2023 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 726,717,183 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
https://www.klsescreener.com/v2/stocks/announcement/0034/2482055
Listing of 1,453,434,366 Rights Shares together with 726,717,178 Warrants on 23 January 2024.
================
Before share consolidation, NOSH = 2,422,391,577
After share consolidation and rights issue, NOSH = 1,695,673,427
Again BILLION of shares issued !!!
https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad
================
Current NOSH of 1,695,673,427 will continue to rise if directors continue with the bad habit of raising fund via shares issuance to PP, ESOS, RI, asset acquisition...
Retail shareholders equity % and EPS will continue to be diluted by massive shares issuance
Company directors collected lots of money from subscribers of rights issue
================
If company continue with annual losses, price will likely drop back to the level before share consolidation
==============
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
3 weeks ago
For those who take up the 6,000 units of RI at 0.10 and "complement" with 3,000 units of Warrant. Based on today warrant price at 0.065, the average cost will be RM0.0967 (RM6,000 - RM195/6,000). Not much can make.
3 weeks ago
MACD, ya loh, MACD showed a temporary downtrend....correction continue to take place
3 weeks ago
ysyap84
For those who take up the 6,000 units of RI at 0.10 and "complement" with 3,000 units of Warrant. Based on today warrant price at 0.065, the average cost will be RM0.0967 (RM6,000 - RM195/6,000).
-----------
Hello, should be
(RM6,000 - RM1950/6,000)
Mother be 0.0675
Correct?
3 weeks ago
Rm0.105 + 0.5WC (xRm0.065)=RM0.1375
Rm0.0375 or 37.5% profit
Too complicated ah?
3 weeks ago
any good stock to buy for this short period of time ? this stock can buy in ? Why in january most of the stock is dropping ? Sorry cause i just come back to stock market hahaha ...
2 weeks ago
Mmag
12 cents
If can up with 30 million range volume,with up more broad(12.5-13 cents),then confirm posible a big boom coming.
7/3/24 2.20pm
1 week ago
Not bad at all! Looks like those who bought into the rights issues are still seeing some profit, even if it's just a little. Currently, it's RM0.01, but when you add in the current price of RM0.095 and factor in the bonus or dividend of RM0.03, it brings the total to RM0.11. Every little bit counts, right?
3 days ago
CharlesT
TQ Victor for second angpao
1 month ago