
MMAG 0034 Share Price
PREV | CLOSE | CHANGE | HIGH | CLOSE |
---|---|---|---|---|
0.415 | - | - | - | - |
VOLUME | BUY VOL | BUY | SELL | SELL VOL |
---|---|---|---|---|
- | 2,150 | 0.410 | 0.415 | 6 |
52 Weeks Range : 0.12 - 1.97
PREV | CLOSE | CHANGE | HIGH | CLOSE |
---|---|---|---|---|
0.415 | - | - | - | - |
VOLUME | BUY VOL | BUY | SELL | SELL VOL |
---|---|---|---|---|
- | 2,150 | 0.410 | 0.415 | 6 |
The Star –
MMAG Holdings Bhd’s subsidiary Line Clear Express & Logistics Sdn Bhd will collaborate with SF Global Express (M) Sdn Bhd to provide customers with international shipment solutions to and from China, and elsewhere. SF Global Express is a wholly owned subsidiary of SF International, a leading integrated express logistics service provider in China. MMAG said in a statement on Monday the idea is leveraged off the support of Line Clear’s extensive network, fleet of vehicles, people and local know-how, ensuring shipments are delivered to customers’ doorsteps on time.
The Star –
Shares in MMAG Holdings Bhd continued to extend its losses on profit taking after recent gains. The supply chain management company, one of the top losers on Bursa Malaysia, shed 14.29%, or 10.5 sen to 63 sen. The counter tumbled 61.34% in the past one week.
The Edge –
Green Packet Bhd and MMAG Holdings Bhd inked a master agreement whereby Green Packet’s Kiplepay e-wallet will be used as the basis for e-wallet and digital payment solution for foreign workers employed by MMAG. The master agreement will initially last two years and be renewed for successive periods of one year each.
The Star –
Shares in MMAG Holdings Bhd jumped over 22% in early trade Monday following the emergence of a new shareholder. StarBizWeek reported last week that MMAG has a new major shareholder – a party connected to Bestinet Sdn Bhd, sources say. A total of 200 million shares in the ACE Market-listed company crossed in an off-market transaction yesterday, equivalent to a 19.5% stake. Sources said the buyer of the block was JR Joint Resources Holdings, the holding company of Bestinet.
The Star –
MMAG’s wholly-owned subsidiary MMANTAP Sdn Bhd had entered into an exclusive partnership agreement with manpower consultant JR Joint Resources Holdings Sdn Bhd – who has been appointed to serve as consultant and service provider for the ECRL – to recruit, supply and provide total management solutions of foreign workers for the project by China Communications Construction (ECRL) Sdn Bhd (CCCECRL). CCCECRL is the main contractor for the 640km multi-billion ringgit East Coast Rail Link (ECRL) project.
The Edge –
MMAG Holdings Bhd is buying a newly incorporated firm that is going to be involved in digital health solutions for RM100,000. It is buying the firm, Maasdots Sdn Bhd, from BrilliantID Sdn Bhd. Maasdots has plans to work together with eMedAsia Sdn Bhd – an associate company of MSCM Holdings Bhd – in the implementation of certain services to ensure maximum coverage and network penetration for users.
REMUNERATION STUDY –
In Financial Year End 2020, the directors’ remuneration was 2.35 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 23.9 million and auditor’s remuneration of 151 thousands
BURSA MALAYSIA –
The LBT of RM4.26 million is lower by 57% of the immediate preceding quarter (LBT of RM9.83 million in Q4-2020). The lower LBT recorded for current quarter ending 30 June 2020 is mainly due to decrease in share of loss in an associate, no allowance for impairment on trade receivables and no impairment loss provided on its associate.
BURSA MALAYSIA –
Revenue of the current quarter is RM44.32 million, which is a decrease of RM15.50 million compared to the immediate preceding quarter. The LBT of RM9.83 million is higher by 41% of the immediate preceding quarter. The higher LBT is mainly due to higher operation expenses incurred for the expansion of new branches, purchased of additional new vehicles and recruitment of additional workforces which in line with the branches expansion for the courier & logistics services division
Investing Malaysia –
Average investing volume for MMAG Holdings Bhd in the past three months in stock market was 309.7k lots
Investing Malaysia –
MMAG gets a score of 3.61 in our equity and assets quality test based on current share price of RM0.295
Investing Malaysia –
MMAG Holdings Bhd gets a score of 12.99 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 0034 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
MMAG is forecasted to made loss of 13.09 millions, with an adjusted market capitalization of 265.33 millions
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 2.08 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 15.4 million and auditor’s remuneration of 125 thousands