MAA GROUP BERHAD

KLSE (MYR): MAA (1198)

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Last Price

0.355

Today's Change

-0.01 (2.74%)

Day's Change

0.355 - 0.355

Trading Volume

744,700


7 people like this.

3,321 comment(s). Last comment by TheContrarian 6 hours ago

TheContrarian

8,548 posts

Posted by TheContrarian > 2024-01-18 18:09 | Report Abuse

Bought at 35 sen today.

TheContrarian

8,548 posts

Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse

Bought at 34 sen today.

curiousq

766 posts

Posted by curiousq > 2024-01-19 10:36 | Report Abuse

everyday buy?
prospect good ?

TheContrarian

8,548 posts

Posted by TheContrarian > 2024-01-19 10:56 | Report Abuse

Prospect very bad.

curiousq

766 posts

Posted by curiousq > 2024-01-19 13:45 | Report Abuse

Prospect very bad? then why you buy so many?
invest in velesto NG? heard going to sell asset, will get a lot of cash .....

TheContrarian

8,548 posts

Posted by TheContrarian > 2024-01-19 17:26 | Report Abuse

I like to buy companies with bad prospects like Kuchai, SBagan, Affin and Insas.

Cipta

971 posts

Posted by Cipta > 2 months ago | Report Abuse

AU dollars inflate, MAA should currency gain on its share in AU co.

TheContrarian

8,548 posts

Posted by TheContrarian > 2 months ago | Report Abuse

MAA disposal of its Philippines insurance subsidiary will give it how much gain?

curiousq

766 posts

Posted by curiousq > 2 months ago | Report Abuse

just now asked sifu, he said not velesto but knm, not sure knm is a good investment.

sifu said no dividend after selling the Philippines insurance business

speakup

25,000 posts

Posted by speakup > 2 months ago | Report Abuse

It's Knm. Dunno why they squandered thei jackpot on this

MacDee34

232 posts

Posted by MacDee34 > 2 months ago | Report Abuse

TY forced MAA to buy 91 million KNM shares at double the market price with an immediate loss of RM 7,280,000 because TY made a personal deal with his friend to help him win the KNM EGM? How can the MAA shareholders absorb a loss like this without shareholder approval? I thought this was a public company. Can we hold the Board personally liable for this loss? how can Bursa allow this? Where is the SC?
T. YAACOB VIA MAA PURCHASE OF 2.25% STAKE IN KNM ON 8.02.2024
Ref. is made to the 2.25% KNM stake purchase at double market price by T. Yaacob, equivalent to 91,000,000 KNM shares.
This off-market deal at 0.165sen/share follows the announced intention to deal within a closed period (announced on 6.02.2024) and was made on 8.02.2024 with MAA Berhad (TY) increasing its stake in KNM at the same price paid in October 2023 by Datuk Seri Mahmood Taib, who entered as significant shareholder with a 5.06% stake, later reduced below the threshold amount of 5%. T. Yaacob was committed to buying back all of DS Mahmood shares at the same price paid by the latter. This deal represents for MAA a loss of 0.080 per share [0.165sen less 0.085sen].

spider68

454 posts

Posted by spider68 > 2 months ago | Report Abuse

However during the AGM Q & A session, the minority shareholders would not enquire about the KNM share purchase at double its market price but would rather enquire whether MAA would consider giving free door gifts during the next AGM.

Cipta

971 posts

Posted by Cipta > 2 months ago | Report Abuse

in the next AGM, shareholders should raise the question of risk management to safe guard company from expose to PN17 co by limiting the total investment or % of stake.

Noni

665 posts

Posted by Noni > 1 month ago | Report Abuse

No direction

ltlim74

36 posts

Posted by ltlim74 > 1 month ago | Report Abuse

Asset stripping. Cash from assets sold will be used to buy crap companies.

Posted by Hippopotamuska > 1 month ago | Report Abuse

Badly managed resulting in losses and not taking care of the shareholders' interest. Shameful. The board of directors should resign immediately and allow a more capable team to manage the company.

SCM2023

35 posts

Posted by SCM2023 > 1 month ago | Report Abuse

Hippopotamuska, this expected to happen when they cannot privatize the company as some smart people blocked the deal. The only to eat the meat is to bite the meat slowly until it is gone. The same group of people cannot do anything now as they are not major shareholder. You can only watch the meat being beaten slowly and feel the pain

Posted by Hippopotamuska > 1 month ago | Report Abuse

Is there any regulatory body in Malaysia that will look into this matter? Really shameful to allow it to happen. Who is looking after the corporate government of the public listed companies? Who is taking care of the minority shareholders' interest?

Cipta

971 posts

Posted by Cipta > 1 month ago | Report Abuse

Hippo: answer your question, Ex-CEO of MAA is taking care of your share.

Posted by Hippopotamuska > 4 weeks ago | Report Abuse

Is this a good thing for the shareholders of MAA? Should we celebrate or otherwise?

TheContrarian

8,548 posts

Posted by TheContrarian > 6 hours ago | Report Abuse

Turiya share price shot up yesterday.

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