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
News and Blogs
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
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
@winner21.....me bad to say such thing but i got the feeling it will go this way
2022-01-12 09:10
@winner21....dont worry, it is just a trap until after Chinese New Year...
2022-01-12 09:11
@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
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
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
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
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
BEWARE of one day show. Goreng tetap goreng mee kosong.
Right account to left account to attract newbies...
2 months ago
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
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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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