MMAG HOLDINGS BERHAD

KLSE (MYR): MMAG (0034)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.065 - 0.065

Trading Volume

991,000

Overview

Market Cap

85 Million

NOSH

1,314 Million

Avg Volume (4 weeks)

1,489,718

4 Weeks Range

0.065 - 0.075

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.06 - 0.28

52 Weeks Price Volatility (%)

2.27%

Previous Close

0.065

Open

0.065

Bid

0.065 x 1,666,800

Ask

0.07 x 4,570,800

Day's Range

0.065 - 0.065

Trading Volume

991,000

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#3] | 24-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 31-May-2022

T4Q P/E | EY

-2.05 | -48.75%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.16 | 0.41

T4Q NP Margin | ROE

-11.63% | -19.79%

Market Buzz
Company Profile

Sector: TECHNOLOGY

Sector: TECHNOLOGY

Subsector: DIGITAL SERVICES

Subsector: DIGITAL SERVICES

Description:

MMag Holdings Bhd is a Malaysia based company engaged in offering information and communication technologies (ICT) Solutions. Its segments include ICT distribution, which includes the distribution of volume ICT products to resellers and retailers; Enterprise systems, which offers enterprise and hotel management solutions, Logistic services, which offers courier and delivery services, and Others, which includes the business of investment holding and dormant. The company offers a range of product categories, including laptops, desktops, components, point of sale (POS) hardware, accessories, mobile devices, storage, and software.

Discussions
16 people like this. Showing 50 of 10,679 comments

whistlebower99

Q2 report is out

Profit/(loss) attributable to ordinary equity holders of the parent -8,785,000

https://www.klsescreener.com/v2/announcements/view/3462281

7 consecutive years of losses

NOSH = 1,312,469,925
PA = 179,986,013
WB = 197,207,491

TAYOR

2021-11-26 11:25

Benhobenhobenho

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.

2021-12-16 14:54

Baby Shark

You'll terkejut 1 day cheaper than Kanger price..

2021-12-23 14:44

SWX1987

mari mari, hari ini terbang ooo.....tapi satu hari ker atau banyak hari?

2022-01-07 10:23

Ian Lim

price volume up

2022-01-07 19:21

THE ROCK

@Winer21..….Tomorrow will be 0.085 to 0.09

2022-01-10 23:49

leavk123

Lol he is right one minute dump 40 mil shares at 0.095/0.1 c

2022-01-11 09:04

The_JQuestion

washing washing washing sad i guess can buy some at lower and keep

2022-01-11 14:13

THE ROCK

@winner21.....me bad to say such thing but i got the feeling it will go this way

2022-01-12 09:10

THE ROCK

@winner21....dont worry, it is just a trap until after Chinese New Year...

2022-01-12 09:11

leavk123

@THE ROCK after cny, it will drop to how many cent?

2022-01-12 09:13

THE ROCK

@leavk123....this question is so so hard for me to answer....i have to ask my Third Wife.....lol...lol

2022-01-12 09:16

THE ROCK

@leavk123....it will reach 0.13....after Chinese New Year

2022-01-12 09:17

THE ROCK

Hopefully......

2022-01-12 09:18

leavk123

@THE ROCK please introduce me ur third wife, 0.13 hopefully.

2022-01-12 09:45

THE ROCK

Lol.....

2022-01-12 10:24

jasman78

Damn..fake que...the whole buyer move from 0.095, 0.085 now to 0.08

2022-01-12 14:34

jasman78

Damn fake que ..such a big que at 0.085 now 0.08

2022-01-12 14:35

leavk123

Yea mmag fake Q always cry

2022-01-12 19:09

THE ROCK

What to do....sudah beli....simpan...lah

2022-01-12 19:14

THE ROCK

Will do....

2022-01-13 11:26

THE ROCK

@Winer21.....i think this is the lowest we can get.

2022-01-16 23:59

THE ROCK

Hopefully it wont go that low...

2022-01-18 23:31

zzz1981

7.5 sen now...wander heading lower or not ?

2022-01-25 14:47

OG_trader

0.01 cents soon

2022-01-26 09:26

zzz1981

damn

2022-01-26 12:41

Ian Lim

price volume up

2022-02-04 18:30

zzz1981

next week will move up ? logic ?

2022-02-04 20:55

SWX1987

will it be 1 day show or will it fly to sky? time will tell!!!!

2022-02-09 09:43

ahbang94

sui sui liao it won't go down to 0.08 dy maintain 0.09 and up!!

2022-02-09 10:55

tanfooxuan

I'm a victim of this scammer stock.
you guys can search my comments few months ago
Don't believe the buy queue too much, it's a trap,
100 million buy queue will disappear suddenly and make the price dump in 1 min, u have no time to run but lost your hard earned money.
Don't trust MMAG!

2022-02-09 11:05

ahbang94

waiting for good news :)

2022-02-09 15:28

whistlebower99

Changes in Director's Interest (Section 219 of CA 2016)
MMAG HOLDINGS BERHAD

Information Compiled By KLSE

Particulars of Director
Name MR KENNY KHOW CHUAN WAH

1 09/02/2022 39,969,400 Disposed Direct Interest
Name of registered holder Valhalla Capital Sdn. Bhd. for Kenny Khow Chuan Wah

Consideration (if any) RM0.0856

Circumstances by reason of which change has occurred Disposal via open market
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 09/02/2022

==========
Direct disposed all shares.
Is this good news?
Or the director know something big is happening?

One day of high volume for director to sell at good price.

2022-02-09 21:00

ahbang94

RIP operator

2022-02-10 10:11

Skng Keong

Dont Day DREAM.....

2022-02-10 11:25

whistlebower99

FOR NEWBIES

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

8 years of continuous losses

Total issued shares = 1,312,469,925

PA = 179,986,013
Maturity 2022-11-27
Strike value 0.2000

WB = 197,207,491
Maturity 2022-11-27
Strike value 0.2000

Previous corporate exercises :

Announced EX Date Subject Ratio Offer
20 Oct 2017 01 Nov 2017 Rights Issue (warrant) 1 : 2 0.2500
20 Oct 2017 01 Nov 2017 Rights Issue 2 : 1 0.0500
28 Jun 2017 10 Jul 2017 Share Consolidation 4 : 1
09 Jun 2011 21 Jun 2011 Rights Issue (warrant) 2 : 1

Massive fund raising via shares issuance in 2020 - 2021 to PP and conversion of PA
As at 30/9/21, Company fund 31million and debt 41million

Director disposed all shares
Name MR KENNY KHOW CHUAN WAH
1 09/02/2022 39,969,400 Disposed Direct Interest

=============================
What will happen next ?

TAYOR

2022-02-10 12:38

Tunjung

Tomorrow down to new lowest 6.5 cent

2022-02-10 13:30

investisthekey

Paperless soon

2022-02-15 17:09

Investz

This counter good to buy? Damm cheap.

2 months ago

Winner38

Got trapped liao at 0.320..cut loss...

2 months ago

OG_trader

lol. just want to cut lost now? everybody cut lost long time ago ady. hahah

2 months ago

Benhobenhobenho

A con stock, highly manipulated

2 months ago

whistlebower99

FOR NEWBIES

MMAG HOLDINGS BERHAD ("MMAG" OR "COMPANY") (I) PROPOSED DEBT SETTLEMENT TO CREDITORS; (II) PROPOSED DEBT SETTLEMENT TO DIRECTOR; AND (III) PROPOSED 40% PRIVATE PLACEMENT.

On behalf of the Board of Directors of MMAG (?Board?), TA Securities Holdings Berhad (?TA Securities?) wishes to announce that the Company proposes to undertake the following:

(i) proposed settlement of amount owing to certain creditors of MMAG and its subsidiary of an aggregate sum of RM22,803,456.71 to be fully satisfied via issuance of a total of 373,827,157 new ordinary shares in MMAG (?MMAG Shares?) at an issue price of RM0.0610 each (?Proposed Debt Settlement to Creditors?);

(ii) proposed settlement of amount owing to Kenny Khow Chuan Wah (an Executive Director of the Company) of RM950,000 to be fully satisfied via issuance of 15,573,770 new MMAG Shares at an issue price of RM0.0610 each (?Proposed Debt Settlement to Director?); and

(iii) proposed private placement of up to 765,665,400 new MMAG Shares, representing up to 40% of MMAG Shares in issue (excluding treasury shares, if any) (?Proposed 40% Private Placement?),
(collectively referred to as ?Proposals?).
Please refer to the attachment below for further details of the Proposals.
This announcement is dated 10 March 2022.

https://www.klsescreener.com/v2/announcements/view/3516707

====================
Directors proposal for Massive share issuance coming on the way !!!
Shares to be issued = 373,827,157 + 15,573,770 + 765,665,400 = 1,155,066,327

====================
Total issued shares = 1,312,469,925 will increased to 2,467,536,252
PA = 179,986,013
WB = 197,207,491

==================
Massive dilution to shareholders equity % and EPS
NOSH will increase to near 3 BILLION SHARES upon full implementation and full conversion of PA and WB

===================
Monitor :-
Director's proposal for more fund raising via share issuance to PP, ESOS
Director's utilisation plan of company fund
Quarterly reports (multi year losses since 2006)
Contribution of profits from main business to company fund (not from fund raising)

===================
TAYOR, don't be caught at high price

2 months ago

whistlebower99

BEWARE of one day show. Goreng tetap goreng mee kosong.
Right account to left account to attract newbies...

2 months ago

Benhobenhobenho

This counter slow but surely will kill investors. Die a slow death

2 months ago

tklim

SELL 0.05
Target1: 0.04
Target2: 0.03
Target3: 0.01
Target4: 0

2 months ago

awesome20

very cheap now

2 months ago

Ian Lim

price and volume up

1 month ago

whistlebower99

FOR NEWBIES

(I) PROPOSED DEBT SETTLEMENT TO CREDITORS;
(II) PROPOSED DEBT SETTLEMENT TO DIRECTOR; AND
(III) PROPOSED 40% PRIVATE PLACEMENT.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 10 May 2022, resolved to approve the following:

(i) listing and quotation of 373,827,157 new MMAG Shares to be issued pursuant to the Proposed Debt Settlement to Creditors;

(ii) listing and quotation of 15,573,770 new MMAG Shares to be issued pursuant to the Proposed Debt Settlement to Director; and

(iii) listing and quotation of up to 765,665,400 Placement Shares to be issued pursuant to the Proposed 40% Private Placement.

1 week ago

whistlebower99

Total issued shares = 1.312 billion will increase by 1.155 to 2.467 billion shares.
Shareholders equity % and EPS adversely diluted.

1 week ago

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