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

Overview

Market Cap

327 Million

NOSH

1,634 Million

Avg Volume (4 weeks)

4,584,455

4 Weeks Range

0.195 - 0.205

4 Weeks Price Volatility (%)

50.00%

52 Weeks Range

0.17 - 0.235

52 Weeks Price Volatility (%)

46.15%

Previous Close

0.20

Open

0.195

Bid

0.195 x 7,146,500

Ask

0.20 x 3,718,900

Day's Range

0.195 - 0.20

Trading Volume

1,898,100

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2023 [#1] | 29-Nov-2023

Next QR | Est. Ann. Date

31-Dec-2023 | 28-Feb-2024

T4Q P/E | EY

9.64 | 10.37%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.46 | 0.43

T4Q NP Margin | ROE

15.52% | 4.51%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: FOOD& BEVERAGES

Subsector: FOOD& BEVERAGES

Description:

MAG Holdings Berhad, formerly Xinghe Holdings Bhd, is a Malaysia-based investment holding company. The company and its subsidiaries are principally engaged in the live prawn aquaculture business and processing of marine seafood. The compnay operates through one segment: Live Prawns Aquaculture segment. The Company mainly opereates its businesses in Malaysia market.

Discussions
9 people like this. Showing 50 of 7,183 comments

w0nderfultime

wah so optimistic, up 0.005 only wor.. for sure qr wont disappoint us

2023-08-29 16:59

PalaniR

Malaysian shrimp business will be benefitted from recent release wastewater from Fukushima

2023-08-29 17:56

AgentBolt

MAG 0.23-0.25 short term tp, long term 0.30. Buy while MAG is cheap

2023-08-29 17:57

BradonOoi

We will receive an impressive QR from MAG today. Stay tuned 😄

2023-08-30 11:07

RobinHootnShoot

It's going for uptrend after accumulation phase

2023-08-30 13:04

PalaniR

Expected MAG will make more than RM45 million in revenue for the upcoming quarter

2023-08-30 14:14

jjtamG

Can be more than 45m... wait & see for yourself

2023-08-30 16:40

acidshot174

Shrimp power boleh lah, easy 60m for MAG

2023-08-30 17:32

Amnesia52

MAG volume really high recently, breakout is coming... better pay attention

2023-08-30 18:30

Penang_lang

Dividend 0.1 sen propose? Why so little? After 8 years absence?

2023-08-30 21:50

bruce551133

Friday up up up... 😂😂😂

2023-08-30 22:23

joni

profit pun tak jalan apa ni ?? ta lak guna

2023-09-01 15:56

speakup

before QR was 19sen
now 21sen
already up 2sen = 10%

2023-09-01 16:43

unknown1234

Last chance for you to remove yourself from this stock. Goodluck all.

2023-09-01 17:05

lordfish30

profitable company with div, sure got future

2023-09-04 09:20

unknown1234

profitable company good for long term investment. For those without holding power.. hehehe

2023-09-04 10:25

Shines

Final div proposed, still a long way to go, needs approval during AGM, then only fixed the xd and pd

2023-09-05 12:24

Shines

I foresee reared seafood will be in high demand due to the Japan toxid

2023-09-08 18:47

651158

show time

2023-09-11 10:55

Shines

Yeah, this is the way, I like it

2023-09-11 12:46

Shines

See you can catch me at 23rd floor

2023-09-12 07:46

Jerung

Queit morning no one harvesting the shrimps out of water

2023-09-12 09:38

Shines

Haha with Jerung around, no one dare la

2023-09-12 09:49

Jerung

lol @shines

2023-09-12 10:39

Shines

Jerung no hard feelings, I am just joking, Haha

2023-09-13 13:45

sapurainsider

so undervalue stock also no people see ? literally a gold mine.. Pertama shoot from rm0.7 - rm3 , Im calling this first and last time. Mag will hit rm1.5

2023-09-13 19:35

Jerung

H5 @shines no worries we are here for great harvest hope it will up in no time like what @sapurainsider review, we r here for little gain

2023-09-14 08:39

sapurainsider

MAG hold only .. little gain become huge gain 100% sabar only

2023-09-14 15:39

Jerung

Mantap Padu :)

2023-09-14 15:42

Shines

Keeping my fingers crossed

2023-09-14 18:52

Shines

Terpaku at this level only

2023-09-19 10:35

Jerung

Zzzzzz......

2023-09-19 11:46

sapurainsider

0.2 last chance to top up today

2023-09-21 09:05

unknown1234

DEAD COUNTER, LEAVE BEFORE YOU CAN.

2023-09-26 11:38

sapurainsider

Bored counter , but once burst it will go crazy ! obviously undervalue af , Be patient and wait.

2023-09-28 22:06

speakup

Prawns are not sexy! Despite food inflation

2023-09-28 22:12

Jerung

Sudah mahu mari kah

2023-10-10 07:14

Shines

Today eat all 20.5, good qr?

2023-10-25 18:15

sapurainsider

time is up , price going valhalla ! hold on tight

2023-10-26 16:40

Shines

Monitor the WC in the money lo

2023-10-27 20:28

unknown1234

Anyone else get caught in this counter?

2023-11-01 14:31

Manggalee

MAG Holdings 喊停欲投资 2,200万令吉进军印尼养虾业的计划

2023-11-21 15:51

Starship2

A bit dissapointing.. but not all that bad..considering most companies are reporting losses or lower profits. Its revenue was up but margins dropped to about 13% ...still backed up by net assets per share of 47 sen.. Hopefully it uses its cash to generate more profits in the quarters ahead...

2 months ago

duatlai

Nampak

2 months ago

acidshot174

relax relax, shrimp dont grow big in one day.

2 months ago

MZM2511

Base on my BRIEF study on the QR1 2024 of MAG:

A: The company recorded net profit for nine quarters consecutively.
B. Sitting on accumulated profit of RM 241 mil + (45% of its share capital)
C: A cash rich company – Cash and cash equivalent more than RM 160 mil.
D. Before this, the company gave ‘DIVIDENDS’ to shareholders in term of FREE WARRANT
BONUSES.


THE FINDINGS:

1. NTA 47 sen.
2. NOSH 1.614 bil.

3. EQUITY
Share capital RM 535,518.000
Reserves /acumulated profit RM 241,289,000
Total equity attributable to owners of the Company RM 776,807,000
Non-controlling interests RM 1,649,000
TOTAL EQUITY RM 778,456,000

4. Cash and Cash Equivalent:
Fixed deposit with licensed bank RM 1,342,000
Cash and bank balances RM 165,428,000

5. Assets:
Non-current Assets RM 733,230,000
Current Assets RM 359,939,000
TOTAL ASSETS RM 1,093,169,000

6. Liabilities:
Current Liabilities RM 108,223,000
Non-current liabilities RM 206,490,000
TOTAL LIABILITIES RM 314,713,000

7. QR1 2024 result - Revenue RM 46,985,000
- Gross profit RM 11,201,000
- Net profit RM 6,426,000

Note 1:

Revenue for the current financial quarter ended 30 Sep 2023 increased by 54.8% to RM46.99 million compared with RM30.36 million in the previous year corresponding quarter. The increase in revenue was mainly due to higher demand for the Group’s products.

Note 2:

The revenue for the current financial quarter decreased by 46.1 % mainly due to decreased in sales from the aquaculture business and lower demand for the Group’s products. The Group recorded a profit before taxation of RM6.60 million compared with RM19.50 million in the preceding quarter mainly due to lower revenue and lower other income.

Note 3: Prospects

For financial year ended 30 June 2024, the Group will continue to focus on the aquaculture and food trading business as the main business driver. The Group believes in the long-term sustainability of the food industry and will continue to strengthen the Group’s position as a leading prawn aquaculture player in the industry and contribute to the growth of the aquaculture sector of Malaysia.

8. Profitability Data Year Ended 30 Sept 2023
- Revenue (TTM) 218.26M
- Net Profit (TTM) 33.89M
- Net Margin (TTM) 15.5%
- EPS (TTM) 2.10
- P/E Ratio 9.52

2 weeks ago

MZM2511

Source: Hong Leong Investment Bank Research - 5 Feb 2024
......Our stock picks in Feb include: .... (3) MAG (well-positioned to capitalize on the sustainable seafood demand in China, as well as the ready-to-eat (RTE) and ready-to-cook (RTC) shrimp products);

1 week ago

comebackkid

Time to dispose the mother and utilise the sale proceeds to convert the W.

1 week ago

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