Posted by speakup > 2020-09-18 18:06 | Report Abuse

seriously this loss making company mmag not even worth 20sen!
fair value only 10-15sen considering it's NTA is 14sen

Posted by birkincollector > 2020-09-18 18:08 | Report Abuse

the new shareholder tengku bought 20% at 1.50 off market...so suffer loss now lol

Posted by Pershing > 2020-09-18 18:20 | Report Abuse

Scam you think the new shareholder naive, they didn't pay that price they all into it together.

Posted by Pershing > 2020-09-18 18:27 | Report Abuse

https://www.nst.com.my/business/2018/07/396517/we-are-not-involved-money-laundering-bestinet

See the link between them.

Posted by Solomon7 > 2020-09-18 18:34 | Report Abuse

UMA issued on 11 Sept. Share price ontinue to go up next three days. No price freeze.

Any wise men comment on this?

Posted by whizzkid > 2020-09-18 18:48 | Report Abuse

harap rebound la...

Posted by smoking > 2020-09-18 19:03 | Report Abuse

isnin limit down lagi

Posted by jhwh0306 > 2020-09-18 19:12 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3231307

Posted by jhwh0306 > 2020-09-18 19:13 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3231307

Posted by Jeff5142 > 2020-09-18 19:14 | Report Abuse

Junk stock moved up to 1.80. Limit down is a matter of time. Before you wake up it is already too late.

Posted by denzadesu > 2020-09-18 19:15 | Report Abuse

this type of counter,
-ve earning.

if u bought at peak,
hope u dont all in.

possibily, will red, until below rm1.

so option
1. cutloss, heavy damage.
2. wait for 0.80 to 0.40, buy again, average down.
hold till, next goreng.

Posted by limitupupup > 2020-09-18 19:23 | Report Abuse

LIMIT DOWN AGAIN MONDAY, @SSHOLE CBL SHARK .l.

Posted by limitupupup > 2020-09-18 19:25 | Report Abuse

Lanjia o boz conlanfirm kena Karma hoho

Posted by denzadesu > 2020-09-18 19:36 | Report Abuse

if want to play goreng counter,
enter low, when there is volume,
buy on rumour, sell on news.
better join goreng counter that is currently trending,
sector health care, 5g, gold, oil.. now seems plantation, give goreng signal.

if stuck, they will resume goreng, still hot.

never chase high, especially with small volume,
but limit up, they just buy and sell between them,
other buy, other bid higher,
exchange price, so, limit up,
news, is time to sell fast, not all in.

just sharing some my exp, these few months.

Posted by Ian Lim > 2020-09-18 20:21 | Report Abuse

1.26, price and volume big down and limit down today

Posted by Survivor13 > 2020-09-18 20:39 | Report Abuse

Clarification news already out. Those panic sell today most likely regreted. Dato Tengku Omar Acquire yesterday 200m shares. Today just panic sell by ppl sharing news not related to MMAG.
https://www.klsescreener.com/v2/announcements/view/3230867

Posted by DLLM99_kyy > 2020-09-18 21:08 | Report Abuse

MOnday limit down again.

SO Tuesday only allow Up , and not allow drop ?
=)

Hope Wednesday Limit Down again, Thursday Limit Down again..

Friday I enter.

Posted by Sharegod88 > 2020-09-18 21:10 | Report Abuse

Monday gap up? News just out today

Posted by Survivor13 > 2020-09-18 21:14 | Report Abuse

sure gap up and fly again.

Posted by whizzkid > 2020-09-18 21:14 | Report Abuse

what news?

Posted by ChloeTai > 2020-09-18 21:15 | Report Abuse

If your share still in hand, then there is still something you can do, either cut lost or average down. Pity are those who send Warrants to Megacorp Registrar to convert to mother shares after seeing the 50% discount. For 8 market days, you can't do anything at all.

Posted by penangboy99 > 2020-09-18 21:18 | Report Abuse

H9E

Posted by DepecheM > 2020-09-18 21:38 | Report Abuse

Wow... classic pump and dump

Posted by zams_ckk > 2020-09-18 21:39 | Report Abuse

▶▶▶▶▶▶▶

New major shareholder emerges in MMAG
CORPORATE NEWS
Friday, 18 Sep 2020
By ROYCE TAN

MMAG Chairman Datuk Rathakrishnan Vellaisamy

PETALING JAYA: MMAG Holdings Bhd, which made news recently for its plans to provide an integrated Covid-19 testing system, has a new major shareholder — a party connected to Bestinet Sdn Bhd, sources say.

A total of 200 million shares in the ACE Market-listed company crossed in an off-market transaction yesterday, equivalent to a 19.5% stake.

Sources said the buyer of the block was JR Joint Resources Holdings, the holding company of Bestinet.

The block of shares crossed hands at RM1.50 per share, at a total price of RM300mil.


Currently, the largest shareholder of MMAG is its non-independent, non-executive director Chan Swee Ying, who holds a 26.48% stake.


This is followed by the group’s chief financial officer Kenny Khow, whose direct and indirect interests total 14.31%.

In early July, Datuk Khan Mohd Akram Khan, who was executive chairman and one of the major shareholders, left the company after divesting his 7.48% stake.

Bestinet is the pioneer of an end-to-end platform for the management of foreign workers in Malaysia.

On Tuesday, MMAG’s wholly-owned subsidiary MMANTAP Sdn Bhd entered into an exclusive partnership agreement with JR Joint Resources.

The agreement will see MMANTAP supporting JR Joint Resources in executing its obligations as a consultant and service provider to recruit, supply and provide total management solutions of foreign workers for the East Coast Rail Link (ECRL) project.

On Sept 3, MMAG appointed Datuk Rathakrishnan Vellaisamy (pic) as a non-executive chairman of the board.

Rathakrishnan is also the managing director of Bestinet where he oversees and manages the day-to-day operations of the company which specialises in migrant worker solutions.

MMAG has attracted a lot of trading interest, especially after it entered into an exclusive partnership agreement with JR Joint Resources to provide total management solutions of foreign workers for China Communications Construction (ECRL) Sdn Bhd (CCCECRL).

CCCECRL is the main contractor for the 640-km multi-billion-ringgit ECRL project.

The counter’s recent popularity in the market sent its price soaring to a 16-year-high of RM1.80 yesterday, which was an increase of 31 sen or 20.81%.

A total of 49.24 million shares changed hands in the open market.

StarBiz reported that the exclusive partnership agreement is forecast to contribute a revenue of some RM400mil over five years to MMAG.

This is based on an estimate of 2,000 foreign workers.

Rathakrishnan said that profits arising from the ECRL agreement that JR Joint Resources is entitled to will be shared 70:30 in favour of MMANTAP.

Last Friday, MMAG was hit with an unusual market activity (UMA) query from Bursa Malaysia on the sharp rise in the price and volume of MMAG shares recently.

In its response to the query, the group said it was in early talks with a party to acquire aircraft and licences, which are expected to boost its logistics and courier services business, Line Clear Express and Logistics.

MMAG had also announced on Sept 11 that it had acquired a company called Maasdots Sdn Bhd, which has a health screening system called Travellers Advanced Health Screening System (TAHSS).

It clarified in a filing with Bursa Malaysia yesterday that the system is owned by Bestinet Technology Sdn Bhd, while Maasdots has the rights to promote, sell and use it.

MMAG also has plans to work with eMedAsia Sdn Bhd, in the implementation of TAHSS to ensure maximum coverage and network penetration for users.

TAGS / KEYWORDS:
MMAG Holdings , Rathakrishnan Vellaisamy , Chairman , JR Joint Resources.

▶▶▶▶▶▶▶

Posted by maf1964 > 2020-09-18 21:45 | Report Abuse

Kenny Cow Chuan Wah disposed of 36million shares on 17 sept when shares were near it year high.

Today shares closed 64 sen down. By selling it on the 17th versus todays closing, he made arund 20 million.Many lost.

I hope bursa can quiry him and then let us know his methods so that everyone can make money like him.

He is great

Posted by whizzkid > 2020-09-18 22:01 | Report Abuse

stuck...bought at bottom, no rebound...screwed..well done.

Posted by stockjobber > 2020-09-18 22:18 | Report Abuse

Monday will go limit up again as Bestinet Director Dato Tengku Omar bin Tengku Bot emerges as a major shareholer owning 200,000,000 shares (19.48%) crossed at 1.50 or RM300,000,000. Bestinet is running the Foreign Workers Centralised Management System (FWCMS) that registers foreign workers in Malaysia !

Posted by Sharegod88 > 2020-09-18 22:30 | Report Abuse

Whizzkid bought at which floor

Posted by whizzkid > 2020-09-18 22:45 | Report Abuse

1.53 and .515, thought it would rebound...haha

Posted by whizzkid > 2020-09-18 22:46 | Report Abuse

hope so bro...I sold APPASIA to buy it..the all the sudden APPASIA went up to .775 b4 went down .65

stockjobber Monday will go limit up again as Bestinet Director Dato Tengku Omar bin Tengku Bot emerges as a major shareholer owning 200,000,000 shares (19.48%) crossed at 1.50 or RM300,000,000. Bestinet is running the Foreign Workers Centralised Management System (FWCMS) that registers foreign workers in Malaysia !

Posted by Sharegod88 > 2020-09-18 22:47 | Report Abuse

U buy warrant too?

Posted by whizzkid > 2020-09-18 22:48 | Report Abuse

yes

Posted by Sharegod88 > 2020-09-18 23:04 | Report Abuse

Sure gap up on Monday....those panic sell today sure regret....

Posted by Pershing > 2020-09-18 23:18 | Report Abuse

They all the same gang. Tengku omar, Bangladeshi now Malaysian Dato Sri Amin, Dato Rathakrishnan. If you want to know more you should study KTG chart.

Posted by Glove Angel > 2020-09-18 23:55 | Report Abuse

Monday con lan firm limit up!. horseh all people...

Posted by ronnie2u > 2020-09-18 23:58 | Report Abuse

Pump and Dump by shark operator

Posted by investinvest > 2020-09-19 00:03 | Report Abuse

gone

Posted by yepejan > 2020-09-19 00:17 | Report Abuse

By the news announcement hopefully make something next week. Limit up pls !

Posted by ming > 2020-09-19 00:24 | Report Abuse

Guess Gap up slightly / stagnant at opening.. closing limit down again.. dont think will let those converting wb/pa runaway..

Posted by ThePowerOfGlove > 2020-09-19 00:45 | Report Abuse

Haiyyaahhh!!!

Posted by ThePowerOfGlove > 2020-09-19 00:45 | Report Abuse

Down 30%!!!

Posted by ThePowerOfGlove > 2020-09-19 00:46 | Report Abuse

Apa sudah jadi nih???

Posted by ThePowerOfGlove > 2020-09-19 00:47 | Report Abuse

Susah la ini macam!!!

Posted by ThePowerOfGlove > 2020-09-19 00:47 | Report Abuse

Investors semua habis lari oh

Posted by ThePowerOfGlove > 2020-09-19 00:48 | Report Abuse

Better improve fast la

Posted by ThePowerOfGlove > 2020-09-19 00:48 | Report Abuse

Good luck

Posted by Beltland > 2020-09-19 00:55 | Report Abuse

monorail Majlis Menandatangani Perjanjian Konsortium antara Ahmad Zaki Sdn Bhd dengan GPQ Sdn Bhd dan MMC Engineering Sdn Bhd dan P-Excell Management Sdn Bhd yang disaksikan oleh YAB Menteri Besar Terengganu, YAB Dato' Seri Dr. Ahmad Samsuri Mokhtar yang berlangsung di Gamelan Ballroom, Primula Beach Hotel
02/09/2020 3:49 PM


Ans:AZRB n MMC (Zelan) are the two bumi companies will be awarded big projects!! MMAG will get peanut sum service business only!!!!!! Calvin ald told : con , Pump and Dump by shark operator...

Posted by Beltland > 2020-09-19 00:59 | Report Abuse

Better buy AZRB or MMC( Zelan ) while it's still cheap.

Posted by Survivor13 > 2020-09-19 08:04 | Report Abuse

haha, Dato Tengu bought 200m share at 1.50 DBT to set benchmark of MMAG price clearly. bye bye to those panic sold the ticket below 1.50. 19.8 % of ex share holder will see how Dato and geng fry it to 2.50

Posted by Survivor13 > 2020-09-19 08:15 | Report Abuse

https://www.klsescreener.com/v2/news/view/729037