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Overview
Financial Highlight
HeadlinesBusiness Background 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.
  zhm540 major shareholders are selling .... soon will end up like VC as well... down to 2s before share consolidation and RI 24/06/2021 10:03 AM HarisMarhom Active counter with high volume, but, but the price still there or even lower every day. Don't be trap. 24/06/2021 10:04 AM LimituPrince HarisMarhon you are right, Limit Up and Limit down in the same day. Don’t be a dumb and think yourself is god of investor to enter this con-ter. If you hate money, then buy this. 24/06/2021 10:56 AM blistering this counter has been heavily manipulated by Systems with High Frequency Trading software, one of the remiser told this is the most heavily played by software algorithm in Bursa...buy and throw at small gain at blazing fast speed!!...You will NEVER win against COMPUTER lol 24/06/2021 10:37 PM GuguGaga But mmag ady at the lowest price...same as on mac 2020 when covid started. Can it go lower than this? How you think? 25/06/2021 12:12 AM cg14134 This stock is burning cash q after q with no end in sight, at least for the next 4q. Technically it is a shit train to hell, and the operator is giving out free tickets! 25/06/2021 9:40 AM Citadel9999 sommany counters out there u guys want to play with these kind of shark??? 25/06/2021 10:39 AM Kingston1 MMAG, XOX, FINTEC, KGROUP, XDL, AT, DGB, M3TECH, SEACERA, SAUDEE, FOCUS, LAMBO, NEXT, PDZ, SANICHI, MTOUCHE, ANZO, OVERSEA, GOCEAN, TRIVE INI SEMUA UNDER BOSS SAMA ! SIAPA BELI,SIAPA MATI ! 25/06/2021 11:51 AM cg14134 There are less than 200 investible stocks on Bursa. the rest are plain rubbish to suck blood off u, so venture very carefully like porcupines make love. 25/06/2021 12:10 PM Kingston1 Fatman, donate your money to poor people if you think you have too much of money 25/06/2021 1:50 PM xaxa123 "Sharks make a sell q at 0.145, making retailers 'thinking' that if they buy finish the 0.145 tickets, the price would go up. But in fact, once the 0.145 tickets are almost finish, sharks will continue to throw a little bit of 0.145 ticket to continue selling. Once they done selling off their tickets, the huge and fake 0.14 buy q will disappear and therefore price will plummet." Dont touch this scam counter. 25/06/2021 2:39 PM dem777 xaxa123 "Sharks make a sell q at 0.145, making retailers 'thinking' that if they buy finish the 0.145 tickets, the price would go up. But in fact, once the 0.145 tickets are almost finish, sharks will continue to throw a little bit of 0.145 ticket to continue selling. Once they done selling off their tickets, the huge and fake 0.14 buy q will disappear and therefore price will plummet." Dont touch this scam counter. EXTREMELY TRUE!!!!!!!! 25/06/2021 2:43 PM Reap88 If you were to take a look at MMAG 2020 AR, a large number of the substantial shareholders are pledged accounts. I am not surprised when MMAG have dropped so much, there is every possibility of a forced selling which means n turn will depressed prices even more. To escape this spiral there need to have a white knight who will be able to mop up the large free float and hold them for sometime to bring back the confidence 25/06/2021 3:32 PM BetterTomorrow No margin, is just for show. People never learn, they are same group of people, since day one this company never make a profit but just keep change the name. Consolidation amd splitting, same old game. 25/06/2021 3:34 PM very_goat Ban RSS https://klse.i3investor.com/blogs/tuancapital_opinion/2021-06-26-story-h1567054520-U_HATE_RESTRICTED_SHORT_SELLING_RSS_READ_THIS.jsp 26/06/2021 4:01 PM investisthekey Going be paperless soon. Damn company...learn my lesson expensive this time. 27/06/2021 9:37 AM Selina888 I never touch this counter. Bought before, earn some profits and buang. 28/06/2021 6:14 PM dem777 Look at more than a million Q buy. Just wait & see, they’ll dump & Q again at .12 sen. Typical basta**s!!! It’s a sinful gain by the syndicates cheating innocent newbies. 07/07/2021 1:16 PM Benhobenhobenho This counter was pump up to as high as above 50 cents sometime in April this year n drop till now. Truly a pump n dump counter 09/07/2021 4:13 PM whistlebower99 Additional Listing Announcement /Subdivision of Shares MMAG HOLDINGS BERHAD 1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MMAG ("MMAG SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE NUMBER OF MMAG SHARES IN ISSUE (EXCLUDING ANY TREASURY SHARES) ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 34,765,300 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1360 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 1,171,060,725 Issued Share Capital ($$) Malaysian Ringgit (MYR) 252,230,290.940 Listing Date 12 Jul 2021 Remarks : The 34,765,300 new MMAG Shares were allotted and issued pursuant to the Private Placement that was announced on 30 June 2020. The listing of the 34,765,300 new MMAG Shares marks the completion of the Private Placement. 12/07/2021 9:06 AM whistlebower99 Especially for newbies trading in loss making penny stocks Trade cautiously and avoid being trapped for years, in loss making penny stocks that 1. has total issued shares exceeding 1 BILLION shares; some has MULTI-BILLIONS shares and can’t have a decent EPS 2. good only in massive fund raising by issuing shares and selling to market via ESOS and Private Placement (PP) and diluting minority shareholding 3. specialised in creating MOUs that turns out to nothing in the end 4. has losses quarter after quarter, year after year, sustain by cash from fund raising 5. has undergone share consolidation and rights issue with free warrants to raise for fund from minority shareholders Common modus operandi of loss making penny stocks is to have frequent fund raising exercise by issuing shares and selling to market via ESOS and PP, enlarging the total issue shares to BILLIONS and diluting minority shareholding. When the issued shares become Multi- BILLION, and it is no more viable to raise cash by issuing shares through ESOS and PP, the directors will undertake Share Consolidation followed by offering rights issue with free warrants to extract more money from shareholders causing massive losses to minority shareholders. The company fund raised from such activities are normally used to sustain yearly losses, business projects, assets acquisition, investment in other listed companies, etc Beware of frequent announcements of MOUs and projects utilizing company fund, which is to create excitement and attract attention of unsuspecting retailers especially newbies to trade in the stock. Some of these companies also use company funds to invest and speculate on other loss making penny stocks. And most of the time, ended up with huge losses. List of loss making penny stocks: ANZO, AT, BORNOIL, COMPUGT, DAYA, DGB, DIGISTAR, DOLPHIN, EAH, EDUSPEC, FINTEC, FOCUS, GOCEAN, HUBLINE, ICON, IMPIANA, JOE, KANGER, KGROUP, LAMBO, M3TECH, MACPIE, MMAG, MINDA, MLAB, MNC, MTOUCHE, MTRONIC, NETX, NEXGRAM, OVERSEA, PASUKGB, PDZ, PERDANA, PHB, PNEPCB, PUC, PWORTH, SANICHI, SAUDEE, SCOMI, SINARAN, TALAMT, TANCO, TAWIN, TIGER, TRIVE, VC, VIZIONE, VSOLAR, WIDAD, XDL, XOX ======================================= Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants: - VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ - TRIVE, DGB, MLAB, VIVOCOM, NETX, EDUSPEC, PUC - SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP - MMAG, HUBLINE, ======================================= Klse screener app (desktop version is more comprehensive) can be used to view company information, financial reports, price chart, news etc Also check on the number of warrants and the total units of each warrant https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad https://www.klsescreener.com/v2/financial-reports ======================================== Bursa malaysia website offers access to all company announcements. Look back at past company activities under category of Multiple Proposal, Additional Listing, Financial reports, Memorandum of Understanding, etc https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=AL%2CALCO&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=multiple+&cat=&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all ======================================= Trade view is free to use for charting https://www.tradingview.com/ https://www.tradingview.com/chart/XzSinm5l/ ======================================== Trade with care 12/07/2021 9:08 AM Twowah123 keep on downtrend till when. joke counter. should change name to mgag !! 13/07/2021 11:12 AM whistlebower99 For newbies Avoid if can, otherwise trade cautiously and avoid being trapped for years, in loss making penny stocks that 1. has total issued shares exceeding 1 BILLION shares; some has MULTI-BILLIONS shares and can’t have a decent EPS 2. undertake frequent fund raising exercise to increase company fund 3. issue lots of shares to ESOS or Private Placement investors, diluting minority shareholding 4. undertake huge rights issue exercise to raise fund from shareholders, diluting minority shareholding 5. give free warrants as sweetener for rights issue 6. has numerous warrant (example A,B and C) 7. has ICULS or ICPS (PA) with high exercise price 8. frequent announcement of numerous MOUs or Collaborative Agreement which normally turn out nothing 9. frequently churn out articles, reports and announcements of business ventures, JV to create excitement and attention. Good companies need not do this; they show good profit results 10. show losses quarter after quarter, year after year, sustained by company fund 11. use large portion of company fund to acquire assets, settle debts, JVs, etc 12. use company fund to invest/speculate in other penny stocks 13. undergoing or has undergone share consolidation followed by rights issue with free warrants Trade with care, not be greedy and stuck for years 15/07/2021 10:50 AM tanfooxuan HAR？Still got ppl trying to get profit from this counter？ HEY! WAKE UP!! and RUN!!! This is a scam counter, they'll keep using dirty tricks to take all your hard earned money. Look back what they did in the past few months. TAKE YOUR MONEY OUT from here and go to other counter. 19/07/2021 11:19 AM whistlebower99 For Newbies Education Avoid if can, otherwise trade cautiously and avoid being trapped for years, in loss making penny stocks that 1. has total issued shares exceeding 1 BILLION shares; some has MULTI-BILLIONS shares and can’t have a decent EPS 2. undertake frequent fund raising exercise to increase company fund 3. issue lots of shares to ESOS or Private Placement investors, diluting minority shareholding 4. undertake huge rights issue exercise to raise fund from shareholders, diluting EPS and minority shareholding 5. give free warrants as sweetener for rights issue 6. has numerous warrant (example A,B and C) 7. has ICULS or ICPS (PA) with high exercise price 8. often ask shareholders to pour in more money to buy rights shares instead of paying dividend to shareholders 9. frequent announcement of numerous MOUs or Collaborative Agreement which normally turn out to be nothing 10. frequently churn out articles, reports and announcements of business ventures, JV to create excitement and attention. Good companies need not do this; they show good profit results 11. Incur losses quarter after quarter, year after year, utilizing and depleting company fund 12. use large portion of company fund to acquire assets, settle debts, JVs, etc 13. use company fund to invest/speculate in other penny stocks 14. Undergone or undergoing share consolidation followed by rights issue with free warrants to extract more money from shareholders causing huge losses to specifically minority shareholders Refer below link for more information : https://klse.i3investor.com/jsp/blog/blallpost.jsp?blid=7245 =========================== Trade with care, not be greedy and get stuck for years. 21/07/2021 1:13 AM Benhobenhobenho This is really a scam counter, newbies, pls beware unless u want to try your luck. Personally I felt there's a better chance of winning if u place a bet in casino than this scam counter 21/07/2021 11:56 AM dem777 Another con counter. Now u know how politicians make $$ using syndicates who are protected by these unscrupulous politicians. 23/07/2021 12:45 AM blistering been averaging down and accumulate for the next fry theme, 0.130 is the best collection point prepare for the next small and if lucky BIG surge!!! :D :D 28/07/2021 11:26 PM  |
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