MAG HOLDINGS BERHAD

KLSE (MYR): MAG (0095)

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Last Price

0.20

Today's Change

0.00 (0.00%)

Day's Change

0.195 - 0.20

Trading Volume

1,898,100


9 people like this.

7,183 comment(s). Last comment by comebackkid 1 week ago

jjtamG

40 posts

Posted by jjtamG > 2023-07-20 16:25 | Report Abuse

break 20 sen? hard wor maybe next week la

Posted by acidshot174 > 2023-07-20 16:55 | Report Abuse

Close green consider ok, next week big rally incoming...

Zazzyy

187 posts

Posted by Zazzyy > 2023-07-20 17:11 | Report Abuse

another relate bahvest to galloping champions. never felt dull in this forum πŸ‘πŸ‘πŸ‘

Zazzyy

187 posts

Posted by Zazzyy > 2023-07-20 17:11 | Report Abuse

sorry supposed to post in bahvest

Zazzyy

187 posts

Posted by Zazzyy > 2023-07-20 17:12 | Report Abuse

btw i support mag lock stock & barrel. & my neck is getting longer

Posted by w0nderfultime > 2023-07-20 18:09 | Report Abuse

The meeting followed MHB's signing of a term sheet with LIM Shrimp Organization Ltd (LSO), a 50 per cent equity investment in Lim Shrimp Aquapolis Pte Ltd (LSA) and a joint venture with PT Gerbang NTB Emas (PT GNE) for shrimp farming in Sumbawa, Indonesia.

This SG$6.1 million, equivalent to RM22 million, investment expands MHB's portfolio, underscoring its confidence in the growing shrimp industry.

Posted by w0nderfultime > 2023-07-20 18:09 | Report Abuse

22m investment is actually alot, very promising for MAG

Posted by RobinHootnShoot > 2023-07-21 10:41 | Report Abuse

Even Indonesia's Vice President was taking the initiative to increase Indonesia's shrimp market share. There is a big opportunity out there

https://en.antaranews.com/news/286395/optimize-opportunity-to-expand-shrimp-market-share-vp

PalaniR

86 posts

Posted by PalaniR > 2023-07-21 14:03 | Report Abuse

That's why we can anticipate MAG is able to deliver magnificent result for Q4 πŸ˜ƒ

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-21 14:43 | Report Abuse

q4's revenue will record new high and EPS will be around 0.65 sen. Just my rough calculation

vcjskpa

29 posts

Posted by vcjskpa > 2023-07-21 15:44 | Report Abuse

so confident? I think next next quarter then only can see new high on revenue

AgentBolt

40 posts

Posted by AgentBolt > 2023-07-21 17:20 | Report Abuse

YOLO enter more, 0.23-0.25 short term tp

PalaniR

86 posts

Posted by PalaniR > 2023-07-24 11:35 | Report Abuse

The company's director disposed the shares. Wonder what happened?

Posted by RobinHootnShoot > 2023-07-24 12:23 | Report Abuse

He sold the warrants, not the mother shares. The maturity date of that particular warrant is in Nov next year...Better invest safe and choose mother share

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-24 15:12 | Report Abuse

Risk takers will buy warrants 😁 Warrant C's premium is negative ( considered low-price) and gearing is 5.71. It will move faster when the mother share is going up

jjtamG

40 posts

Posted by jjtamG > 2023-07-24 15:32 | Report Abuse

MAG Indonesia shrimp farming will yield an average annual net profit of RM6.9 million within four year, prospect macam yes

Posted by acidshot174 > 2023-07-24 16:07 | Report Abuse

ok la sold warrant since close to ex-date also, mother share always the safest option

Amnesia52

22 posts

Posted by Amnesia52 > 2023-07-24 16:48 | Report Abuse

Shrimp power, MAG close green today !

Posted by RobinHootnShoot > 2023-07-25 10:12 | Report Abuse

Noticing accumulation sign at 20 cents today. Huge buying volume there

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-25 11:40 | Report Abuse

Accumulating phase for certain big fund πŸ˜‰ Get ready to chip in more and wait for MAG to show forthcoming breakout

xSna13

31 posts

Posted by xSna13 > 2023-07-25 14:06 | Report Abuse

Good timing to collect more MAG.. queue 0.19-0.20

Posted by yourfrenemy > 2023-07-25 14:42 | Report Abuse

MAG is in accumulation phase now, can enter if u want

PalaniR

86 posts

Posted by PalaniR > 2023-07-25 15:07 | Report Abuse

Still a healthy demand for shrimp in 2nd half of this year

zuhutuho

15 posts

Posted by zuhutuho > 2023-07-25 15:25 | Report Abuse

rumours say Mag gonna open more shrimp farm to fulfill the growing shrimp demand...

PalaniR

86 posts

Posted by PalaniR > 2023-07-26 11:06 | Report Abuse

@xSna13. Today you can collect below 20 cents. Cheap price detected, hehe

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-26 12:42 | Report Abuse

Good report about shrimp farming market outlook. Need to request full report from them if interested

https://glasgowwestend.today/estimating-market-share-and-growth-potential-marine-light-fish-and-shrimp-farming-market-outlook-and-forecast-2022-2032/

Posted by RobinHootnShoot > 2023-07-26 15:13 | Report Abuse

Grab some at 19.5. Rather go in now than chase high afterwards

AgentBolt

40 posts

Posted by AgentBolt > 2023-07-26 15:21 | Report Abuse

warrant keep converting to mother... something is up...

Posted by acidshot174 > 2023-07-26 16:00 | Report Abuse

Next week big rally incoming, shrimp power up & accumulate more - long term tp 40cents

Posted by w0nderfultime > 2023-07-26 16:44 | Report Abuse

big fund is coming, time to collect more at 0.19

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-27 10:56 | Report Abuse

Seems like low chance to grab at 19 cents... Rebound back to 20 cents alrdy as the buying volume is flowing in again

Posted by RobinHootnShoot > 2023-07-27 12:07 | Report Abuse

Nice. Huge trading volume today, looks like MAG can break 0.20 anytime

PalaniR

86 posts

Posted by PalaniR > 2023-07-27 13:37 | Report Abuse

Short rebound only, still got opportunity to collect it below 20 Β’

Amnesia52

22 posts

Posted by Amnesia52 > 2023-07-27 15:19 | Report Abuse

Ppl taking profit at 0.20 la, need some time to push upward

xSna13

31 posts

Posted by xSna13 > 2023-07-27 15:43 | Report Abuse

MAG big chance to close 0.20 queue 0.19-0.195 if you want....

jjtamG

40 posts

Posted by jjtamG > 2023-07-27 16:39 | Report Abuse

Roti kosong + teh ais satu , queue 0.18-0.19 incase something happen

PalaniR

86 posts

Posted by PalaniR > 2023-07-28 13:04 | Report Abuse

Opportunity to accumulate at below 20 cents comes again πŸ˜ƒ

Posted by RobinHootnShoot > 2023-07-28 14:54 | Report Abuse

Let's see its price movement then when Q4 is announced next month ..

AgentBolt

40 posts

Posted by AgentBolt > 2023-07-28 15:17 | Report Abuse

the 4th farm is rdy to breed & process right? then q4 result should be decent

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-28 15:48 | Report Abuse

Its 4th farm is not ready to bring revenue yet... but its 3 farms which are Wakuba Farm, Umas-Umas Farm and Apas Parit Farm allow the company to achieve economies of scale, gain cost efficiency and higher production volumes. So MAG will continue to present good profit

Posted by acidshot174 > 2023-07-28 15:49 | Report Abuse

Breeding also take time mah, the 4th farm gonna increase annual breeding and processing capacity to 7k MT and 12k MT, MAG prospect is looking bright

Posted by w0nderfultime > 2023-07-28 16:35 | Report Abuse

new farm should start bringing in profits next 2 quarterm, still have to count in the indonesia shrimp farm too

BradonOoi

572 posts

Posted by BradonOoi > 2023-07-31 09:49 | Report Abuse

Don't worry. LSA is assured to generate an average annual net profit of at least SG$2.0 million (equivalent to RM6.9 million) four years from the commencement of the shrimp processing and cold storage plant's operations under the agreement

PalaniR

86 posts

Posted by PalaniR > 2023-07-31 11:42 | Report Abuse

That's right. Profitability is sustainable for MAG in the next few quarters

Posted by RobinHootnShoot > 2023-07-31 14:43 | Report Abuse

don't forget this company also concentrate on downstream further processing products, including the RTE and RTC, which offer higher margins and customer retention πŸ™‚

jjtamG

40 posts

Posted by jjtamG > 2023-07-31 15:35 | Report Abuse

downstream processing food might be one of MAG catch tho, continue park lower first

vcjskpa

29 posts

Posted by vcjskpa > 2023-07-31 16:17 | Report Abuse

Small retracement today, top up some @ 0.19

Posted by yourfrenemy > 2023-07-31 17:12 | Report Abuse

Indonesia shrimp farm got a three-year tax-free operational headstart also, MAG should able to capitalise on this venture

Posted by WhiteMagic > 2023-08-01 09:37 | Report Abuse

HA HA . All trapped.

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