The ambitious goal of MMAG Holdings and its subsidiaries is to lead the supply chain management business. The mission of the group is to create new businesses, new ideas, new technologies, seek strategic partners and teams, and develop mobile business in Malaysia. The group will provide customers with high value-added value that customers want to adopt. Express mail, logistics and transportation related services.
In this era of severe challenges, the Group not only hopes to be the first choice for supply chain management solutions, but also for business development, cooperation and investment opportunities. After 6 years of unrelenting transformation plan and Line Clear Express rebranding activities, the group has equipped itself with the required logistics solutions, including business knowledge, the most advanced technology, customer-centric procedures, the establishment of transportation fleets and hubs, Set up warehouses, stopping stations, etc.
Provide a full range of supply chain management services
At the same time, MMAG Holdings also provides a full range of supply chain management services, from second-party logistics to fourth-party logistics, including procurement or contract methods. Line Clear Express has cooperated with fast logistics provider SF International and is responsible for international shipping business. , This strategic cooperation is to establish a business link with China, combined with SF International's global logistics solution, this link allows Malaysia to connect to major cities in China, such as Shanghai, Beijing, Guangdong, Wuhan, Shenzhen, Hong Kong and other places Market.
In China, M Jets International Sdn Bhd, a subsidiary of MMAG Holdings, has obtained the Air Carrier Certificate issued by the Civil Aviation Authority of Malaysia. Charter services also include the provision of services by land.
The business of MMAG Holding Group is mainly: the mobile and fulfillment group and the logistics service group. The former is the group’s largest source of revenue, accounting for 80.96% of the 2021 fiscal year (2020: 85.57%), with a pre-tax profit of RM3.23 million. Only RM430,000, the logistics service group accounted for 19.02% of the group’s turnover, compared to 14.43% in the previous period. The turnover of this group has improved because it is a necessary industry and can operate during the movement control order.
Identify the most appropriate business strategy
The group is in the process of downsizing or adjusting the scale of its under-performing and non-profitable business. Looking ahead, the group has identified the most appropriate business strategy. In the past financial year, the group successfully raised RM104.55 million to provide the group with Funds for development purposes.
During this period, the group's mobile and fulfillment group is still the first choice of large-scale communication operators to manage their use of mobile equipment and fulfillment distribution services to end users. The group will continue to adopt digital solutions to improve productivity and continue to cater to the service level. The goal of the contract.
In order to cope with the group's expansion plan to cater to the needs of the group's logistics service group, MMAG Holdings has set up 23 new warehouses and stations. The ultimate goal is to set up warehouses and stations in each state to expand the group's logistics network in Malaysia At present, its headquarters, warehouses and offices are all located in UEP Industrial Park in Subang City. There are 56 warehouses/stations in Malaysia, including Sabah and Sarawak.
The group acquired MJets on November 16, 2020 to expand the domestic logistics service network. Once the transaction is completed, MJets will become an 80% subsidiary of MMAG Holdings. This acquisition will provide the group with a good opportunity to expand its business. The services provided include: Air transport logistics, air charter services, and various aviation equipment, industries and services.
For many companies in Malaysia and around the world, the past has been a challenging year. The COVID-19 pandemic has affected the work and life of many people. After the implementation of the movement control order, many companies have transformed their business models. Fortunately, the logistics team and Communication groups are all classified as essential industries, and the group is confident that it can sail steadily and deal with any oncoming challenges.
Prospects For Future Growth of MMAG: The mobile and fulfilment divisionhas been apppointed by a few telecommunication companiesas their 3rd Party Logistics (3PL) and 4th Party Logistics(4PL) partners.The primary objective of this partnership is for the division to act on behalf of the telecommunicationcompaniesto procure,process,store,and deliver the business tools/devices/terminals totheir customers with agreed SLA targets.To remain agile,the division will continue to embrace digitisation solutions to improve on productivity and continue to meet SLA targets in order to provide greater customer experience. Given that fact that last mile delivery/courier business and warehouseing on the uptrend,the Group will accelerate the logistics business through direct and indirect business partnership arrangement .As for the performance parameters,The Group will continue to work on revenue enhancement and cost optimsation initiatives.Margin will continue to be a challenge in the courier and logistics service division as industry players will compete indirectly in the price game in order to get a bigger slice of pie Following the COVID-19 pademic,online shopping has become a new normal which has accerelated the growth industry.With the increase in e-commerce transactions,efficient logistics services is important to ensure timely delivery of e-commrece products to meet customers' satisfactions.Logistics companies usually rely on belly space of commercial plans for air cargo logistics services for deliveries of products.However,the COVID-19 has dampened the aviation industry wherein the significant decline in passenger flights had caused shortage of belly cargo space and capacity. Mjets's air cargo logistics business complements the Group's courier and logistics business undertaken by LCEL.The Group is able to provides intergrated courier and logistic services with wider coverage of end-to end services and shorter timeframe of delivery services,allowing the Group to further strengthen and expand its network and connetivity domestically and globally.The Board beleives that with the positive prospects on the growth of e-commerce,there is a potential growth in the air cargo industry which will provide opportunity to grow Mjets' air cargo logistics business.
Bought at 9.5 last month. Managed to sell all at 10.5. This stock not moving higher. Better disposed. Price is stagnant. Dont waste time chasing. My 2 cent view
Again, many were caught in the price range of 0.10¢ n bought into it thinking it should stabilize n start to move up. What happened now! A real con counter, this one is. Don't know how many got trapped this latest round.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2021-08-28 15:30 | Report Abuse
I always use this stock to teach other clients to spot pump and dumps lmao