MAG HOLDINGS BERHAD

KLSE (MYR): MAG (0095)

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Last Price

0.175

Today's Change

0.00 (0.00%)

Day's Change

0.17 - 0.175

Trading Volume

1,987,800


9 people like this.

6,884 comment(s). Last comment by MZM2511 3 weeks ago

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-07 22:43 | Report Abuse

According to Simply Wallstreet, Mr. Ng Min Lin already owns 53.61% of all outstanding shares as reported at 31st Jan 2022.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-07 22:44 | Report Abuse

The individual insiders portion is 72.2% now.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-08 16:41 | Report Abuse

Just bought 6K units of its warrant C, since the QR is coming soon.

Posted by superman7181 > 2022-02-08 20:20 | Report Abuse

Im still holding mother , bought and collect some PUC also this few days

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-09 18:49 | Report Abuse

I can almost confirm Mr. Ng will privatize the company soon with progressively increasing shareholding. With the individual insiders portion almost closing to 75%, I guess it is almost inevitable.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-09 18:52 | Report Abuse

He just bought another 0.04% of the outstanding shares. If we just assume 3% is left before the public spread limit is achieved and he buys around 0.04% per day, he just need 75 days to achieve that.

Posted by superman7181 > 2022-02-10 11:39 | Report Abuse

only can wait .. lol now they seems to focus XL again

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-10 12:51 | Report Abuse

Yes, MAG is just waiting to be privatized if we continue this path.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-11 15:18 | Report Abuse

Yes, my beloved chairman back in MAG. 800,000 @ 0.21.

thesteward

6,592 posts

Posted by thesteward > 2022-02-12 17:07 | Report Abuse

This kind of bosses good la. Walk the talk ma. Sendiri support sendiri share is showing faith lo …

thesteward

6,592 posts

Posted by thesteward > 2022-02-12 17:11 | Report Abuse

Nta 67 sen la cukup buffer

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-12 17:13 | Report Abuse

Lmao, I think it will be most probably get privatized by the chairman himself before he let the share price reaches so high. He already owns 53.61%.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-12 17:16 | Report Abuse

Another possibility is he will put the company under XL Holdings since the company is larger and he was just appointed as its executive chairman.

NoPainNoGain

1,018 posts

Posted by NoPainNoGain > 2022-02-15 11:23 | Report Abuse

Been waiting for eternity already lol.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-15 13:22 | Report Abuse

Posted by NoPainNoGain > Sep 30, 2021 3:55 PM | Report Abuse

A sh!tty trap counter.
Don't buy unless below 10 cents.

When you commented this on Sep 2021, you didn't realize it already rose to 0.21.

Posted by superman7181 > 2022-02-16 19:22 | Report Abuse

Out all position , not gonna wait dy .. very boring haha

param1

782 posts

Posted by param1 > 2022-02-24 19:20 | Report Abuse

esok magi mee udang galah

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:31 | Report Abuse

@superman7181, I don't think MAG will suit your taste. This counter is more like a boring stable growth counter. In my opinion, commodity stocks especially lumber, steel and oil will suit you more. Everyday new surprise for you. Good luck with your trading, dude. You've been a good mate.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:33 | Report Abuse

Just my guess, maybe up few cents then sleep until next QR.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:35 | Report Abuse

This will be the normal pattern for MAG right now, since there is no space for goreng as the insiders hold much shares (almost 75%).

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:37 | Report Abuse

Few possible scenarios are:
1) Privatization like Hock Seng Lee
2) Holding shares until certain IBs intend to invest
3) Director hold shares to goreng/dispose when the stock reaches his TP

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:43 | Report Abuse

B2 Comparison with immediate preceeding quarter’s results (cont’d)
Despite lower revenue for the current quarter, gross profit for the current quarter increased to
RM8.12 million as compared to RM7.47 million in the preceeding quarter mainly due to higher
gross margin from North Cube Sdn Bhd.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-24 20:47 | Report Abuse

^So, there will be a potentially higher revenue for MAG in the next QR thanks to festives such as CNY that is frequently associated with high prawn consumption.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-25 09:17 | Report Abuse

Just like what I predicted, only up for 1 sen and then stay frozen like the frozen prawns they sell. Won't have goreng.

thesteward

6,592 posts

Posted by thesteward > 2022-02-26 12:24 | Report Abuse

Directors has the faith to collect so much why scared . They do confident n walk the talk Ma.
Once break 25 could spike . Patient lo

thesteward

6,592 posts

Posted by thesteward > 2022-02-26 12:24 | Report Abuse

Bot many retailers di here. All washed like Clorox Bersih

thesteward

6,592 posts

Posted by thesteward > 2022-02-26 12:25 | Report Abuse

Once if break 30 interest Ma come back lo

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-26 12:59 | Report Abuse

Lol, almost no retailers dy. Don't you see how much shares the director and private company owns? General public only owns less than 5%.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-26 13:01 | Report Abuse

All the retailers here are mostly long term growth seekers if not mistaken.

newguy0801

1,617 posts

Posted by newguy0801 > 2022-02-26 13:02 | Report Abuse

I am not scared too lol, since this stock is literally the definition of chill

thesteward

6,592 posts

Posted by thesteward > 2022-02-26 22:08 | Report Abuse

Not not bot typo

thesteward

6,592 posts

Posted by thesteward > 2022-02-26 22:10 | Report Abuse

Today the Edge got article on Mag. Pretty good I see the prospect . The co is in net cash position some more . Come on Mag gogo 50 sen . Food is the era now !

Posted by superman7181 > 2022-03-07 12:00 | Report Abuse

hmm 205 , seems may be able to buy back at 200/195 soon ?

newguy0801

1,617 posts

Posted by newguy0801 > 2022-03-07 18:48 | Report Abuse

Maybe can

Posted by Kucupkilo > 2022-03-07 21:07 | Report Abuse

" tunggu... tunggu... tunggu... punya tunggu... itu Bulan Purnama tak kunjung tiba..."
- P.Ramlee, Seniman Bujang Lapok-

Posted by superman7181 > 2022-04-14 09:33 | Report Abuse

Boss court case ..

mystery

458 posts

Posted by mystery > 2022-04-14 14:52 | Report Abuse

is 0.18 possible?

Let's Gooooo

1,617 posts

Posted by Let's Gooooo > 2022-04-14 14:57 | Report Abuse

Even lower is possible. When one of the exec beat the guard, the share price dropped to lower prices

Posted by superman7181 > 2022-04-20 19:31 | Report Abuse

After awhile , boss bought in again

Posted by Paktua Second > 2022-05-19 10:24 | Report Abuse

Lousy counter

MZM2511

3,652 posts

Posted by MZM2511 > 2022-05-26 22:23 | Report Abuse

Good QR

Posted by TheRealJhoLow > 2022-05-31 15:25 | Report Abuse

Court case fail... prepare for a dump down in this counter

Posted by TheRealJhoLow > 2022-05-31 15:26 | Report Abuse

Boss was charged and guilty for money laundering

Posted by Paktua Second > 2022-06-07 15:16 | Report Abuse

For those who are still hold, just sell. No future already

Posted by Paktua Second > 2022-06-10 11:56 | Report Abuse

I know you all here because of suggestion by Magic man

Posted by Paktua Second > 2 months ago | Report Abuse

Now Magic Man or Magic Room silent already right about this counter? Got scam?

VTrade

2,098 posts

Posted by VTrade > 1 month ago | Report Abuse

Jjptr ada ape tanda ke?

Shines

1,922 posts

Posted by Shines > 3 weeks ago | Report Abuse

Aim to be top 3, why not aim to be in the black first.

MZM2511

3,652 posts

Posted by MZM2511 > 3 weeks ago | Report Abuse

MAG Holdings aims to be top three aquaculture player in Malaysia

Meanwhile, MAG posted a net profit of RM17.52 million in the full FY22, on the back of a revenue of RM135.44 million.

No comparative financial information was available for the preceding year's corresponding period as the company changed its financial year end to June 30 from December 31.

It said the net profit recorded for the 12 months was mainly due to its aquaculture and food processing business contribution.

However, the company slipped into a net loss of RM2.39 million in the fourth quarter (Q4) despite recording revenue of RM60.49 million.

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