MAA GROUP BERHAD
KLSE (MYR): MAA (1198)
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Last Price
0.385
Today's Change
-0.015 (3.75%)
Day's Change
0.385 - 0.415
Trading Volume
2,224,500
Changes
| Date | Type | Old | New | View |
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Discussions
7 people like this. Showing 50 of 3,344 comments
Is the fundamental of MAA getting better with the disposal of its stake in Philippines general insurance?
2023-12-19 17:36
Prospect very bad? then why you buy so many?
invest in velesto NG? heard going to sell asset, will get a lot of cash .....
2024-01-19 13:45
I like to buy companies with bad prospects like Kuchai, SBagan, Affin and Insas.
2024-01-19 17:26
MAA disposal of its Philippines insurance subsidiary will give it how much gain?
2024-01-27 00:15
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
2024-01-28 11:29
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].
2 months ago
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.
2 months ago
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.
2 months ago
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.
2 months ago
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
2 months ago
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?
2 months ago
Is this a good thing for the shareholders of MAA? Should we celebrate or otherwise?
1 month ago
[1]: https://bing.com/search?q=MAA+Philippines+sale+impact ""
[2]: https://maa.com.ph/branches ""
[3]: https://themalaysianreserve.com/2023/11/15/maa-to-sell-stake-in-philippines-insurance-arm-for-rm271m-expects-rm111-92m-gain/ ""
[4]: https://www.insurancebusinessmag.com/asia/news/breaking-news/maa-group-divests-85-stake-in-philippines-general-insurance-arm-467006.aspx ""
[5]: https://www.christopherleeong.com/media/2625/161214-guide-to-takeovers-in-malaysia.pdf ""
[6]: https://pdfs.semanticscholar.org/1e70/37e96bd29db16abfd998109a36c58b25726c.pdf ""
[7]: https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/asia-pacific/malaysia/topics/before-a-public-takeover-bid ""
Following the sale of MAA Philippines, MAA now has a larger cash reserve, making it an attractive target for privatization and hostile takeover. Stay tuned!
2 days ago
Breaking news : MAA sold off all its interest in Turiya for 40 sen per share making a gain of 22 sen per share.
1 day ago
20c/ shr in cash coming in & price can still drop to 38.5c....only in Malau-sia( or Malu-SIA) lol Luckily I've got six figures invested in Japan, which will in 2025 overtake the size of my local portfolio given the cheapness of the yen & the sales proceeds locally that I will funnel there.
1 day ago
One of the major IBs. Most of them offer global trading for steep commissions...cannot reveal too much about my own accounts 😉
1 day ago
First say sold @ 39.5c...then delete & change to 40.5c...Liar alert...another one of those where nothing alleged can be believed lol
17 hours ago
maybe just a honest mistake. give him the benefit of doubt. maaflah, dont be too harsh
15 hours ago
yes, 20sen /share from Turiya disposal .... doesn't mention whether would give dividend, somehow, he can do so if he wants .....
14 hours ago
Posted by dompeilee > 2023-11-16 17:01 | Report Abuse
Dripped more $ into MAA @ the 44.5c close...🤗 Pity those who chased @ 60c or higher & had to CUT, but if they chose to hold, they would be guaranteed to make $ within the next year at the very latest
Pity those who bought at 44.5 sen.
12 hours ago
Posted by dompeilee > 1 day ago | Report Abuse
Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!
Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.
11 hours ago
again?
TheContrarian
8,646 posts
Posted by TheContrarian > 2024-01-18 18:09 | Report Abuse
Bought at 35 sen today.
TheContrarian
8,646 posts
Posted by TheContrarian > 2024-01-19 10:33 | Report Abuse
Bought at 34 sen today
On the first trading day in January Kuchai went limit up and I sold off all at 1.62 netting over 30% gain, used the proceeds to buy 100,000 MAA shares at 34 to 35 sen.
11 hours ago
I don't think MAA will declare any dividend as punishment to the minority shareholders for opposing the major shareholders attempt to privatize it at 1.10.
9 hours ago
MAA was one of the early shares sprakup bought when first dabble in klse. That time MAA was trading at rm5+
8 hours ago
TheContrarian
Posted by dompeilee > 1 day ago | Report Abuse
Bought more MAA @ 38.5c, going above 10,000 shrs for the 1st time since 2012!
Ten thousand shares? Yesterday I sold 24,000 shares , still have balance 97,100 shares.
5 hours ago
I don't need to believe anyone who already has an HONESTY DEFICIT. I saw your post proclaiming your sale @ 39.5c b4 you DELETED it. Unlikely to be an honest mistake for such an allegedly large position(which is probably a lie to begin with) 😉
5 hours ago
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