MMAG Holdings Berhad（MMAG）株式概要MMAG Holdings Berhadは投資持株会社で、マレーシア、シンガポール、香港、ベトナム、インド、ミャンマー、そして国際的に情報技術製品を提供している。 詳細MMAG ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より97.6%で取引されている リスク分析MY市場と比較して、過去 3 か月間の株価の変動が非常に大きい過去5年間で収益は年間6.4%減少しました。 意味のある時価総額がありません ( MYR70M )すべてのリスクチェックを見るMMAG Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueRM Current PriceRM 0.0396.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-109m3b2016201920222025202620282031Revenue RM 2.8bEarnings RM 219.9mAdvancedSet Fair ValueView all narrativesMMAG Holdings Berhad 競合他社Edaran BerhadSymbol: KLSE:EDARANMarket cap: RM 65.4mPrivasia Technology BerhadSymbol: KLSE:PRIVAMarket cap: RM 50.7mDivfex BerhadSymbol: KLSE:DFXMarket cap: RM 63.4mICT Zone Asia BerhadSymbol: KLSE:ICTZONEMarket cap: RM 139.2m価格と性能株価の高値、安値、推移の概要MMAG Holdings Berhad過去の株価現在の株価RM 0.0352週高値RM 0.6852週安値RM 0.025ベータ0.161ヶ月の変化20.00%3ヶ月変化0%1年変化-95.35%3年間の変化-80.00%5年間の変化-98.42%IPOからの変化-99.89%最新ニュースReported Earnings • May 28Full year 2026 earnings released: RM0.023 loss per share (vs RM0.065 loss in FY 2025)Full year 2026 results: RM0.023 loss per share (improved from RM0.065 loss in FY 2025). Revenue: RM877.3m (up 60% from FY 2025). Net loss: RM53.2m (loss narrowed 17% from FY 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.お知らせ • Jan 23+ 2 more updatesMMAG Holdings Berhad Announces Appointment of Haji Noorzainy Bin Haji Mohd Noor as an Independent and Non Executive Member of Nomination Committee, Effective 23 January 2026MMAG Holdings Berhad has announced appointment of Haji Noorzainy Bin Haji Mohd Noor, 63 years old male Malaysian, as an Independent and Non Executive Member of Nomination Committee, effective 23 January 2026. Composition of Nomination Committee (Name and Directorate of members after change) Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Member: Mr. Yeap Say Woi (Independent Non-Executive Director) and Tuan Haji Noorzainy Bin Haji Mohd Noor (Independent Non-Executive Director).お知らせ • Jan 19Mmag Holdings Berhad Announces Resignation of Non Independent and Non Executive Director See Toh Kean Yaw, Effective January 19, 2026MMAG HOLDINGS BERHAD announced the resignation of Mr. See Toh Kean Yaw as Director, Non Independent and Non Executive, effective January 19, 2026. Mr. See Toh Kean Yaw, aged 53 and a Malaysian national, resigned to pursue other interests.分析記事 • Jan 15Slammed 29% MMAG Holdings Berhad (KLSE:MMAG) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the MMAG Holdings Berhad ( KLSE:MMAG ) share price has dived 29% in the last...お知らせ • Jan 06Mmag Holdings Berhad Announces Resignation of Chairman Farhash Wafa Salvador J.P, Effective January 2, 2026MMAG HOLDINGS BERHAD announced that DATO’ SERI FARHASH WAFA SALVADOR J.P, aged 44, Malaysian, Male, has resigned from his position as Chairman (Non Independent and Non Executive), effective January 2, 2026, to pursue personal commitments.お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces the Resignation of Che Nazli Binti Jaapar as Independent and Non Executive Member of Audit Committee, Effective January 1, 2026MMAG Holdings Berhad announced the resignation of CHE NAZLI BINTI JAAPAR, aged 61, as Independent and Non Executive Member of Audit Committee, effective January 1, 2026. Composition of Audit Committee (Name and Directorate of members after change): Chairman: Mr. Yeap Say Woi (Independent Non-Executive Director), Member: Dato' Sok One A/L Esen (Independent Non-Executive Director).最新情報をもっと見るRecent updatesReported Earnings • May 28Full year 2026 earnings released: RM0.023 loss per share (vs RM0.065 loss in FY 2025)Full year 2026 results: RM0.023 loss per share (improved from RM0.065 loss in FY 2025). Revenue: RM877.3m (up 60% from FY 2025). Net loss: RM53.2m (loss narrowed 17% from FY 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.お知らせ • Jan 23+ 2 more updatesMMAG Holdings Berhad Announces Appointment of Haji Noorzainy Bin Haji Mohd Noor as an Independent and Non Executive Member of Nomination Committee, Effective 23 January 2026MMAG Holdings Berhad has announced appointment of Haji Noorzainy Bin Haji Mohd Noor, 63 years old male Malaysian, as an Independent and Non Executive Member of Nomination Committee, effective 23 January 2026. Composition of Nomination Committee (Name and Directorate of members after change) Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Member: Mr. Yeap Say Woi (Independent Non-Executive Director) and Tuan Haji Noorzainy Bin Haji Mohd Noor (Independent Non-Executive Director).お知らせ • Jan 19Mmag Holdings Berhad Announces Resignation of Non Independent and Non Executive Director See Toh Kean Yaw, Effective January 19, 2026MMAG HOLDINGS BERHAD announced the resignation of Mr. See Toh Kean Yaw as Director, Non Independent and Non Executive, effective January 19, 2026. Mr. See Toh Kean Yaw, aged 53 and a Malaysian national, resigned to pursue other interests.分析記事 • Jan 15Slammed 29% MMAG Holdings Berhad (KLSE:MMAG) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the MMAG Holdings Berhad ( KLSE:MMAG ) share price has dived 29% in the last...お知らせ • Jan 06Mmag Holdings Berhad Announces Resignation of Chairman Farhash Wafa Salvador J.P, Effective January 2, 2026MMAG HOLDINGS BERHAD announced that DATO’ SERI FARHASH WAFA SALVADOR J.P, aged 44, Malaysian, Male, has resigned from his position as Chairman (Non Independent and Non Executive), effective January 2, 2026, to pursue personal commitments.お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces the Resignation of Che Nazli Binti Jaapar as Independent and Non Executive Member of Audit Committee, Effective January 1, 2026MMAG Holdings Berhad announced the resignation of CHE NAZLI BINTI JAAPAR, aged 61, as Independent and Non Executive Member of Audit Committee, effective January 1, 2026. Composition of Audit Committee (Name and Directorate of members after change): Chairman: Mr. Yeap Say Woi (Independent Non-Executive Director), Member: Dato' Sok One A/L Esen (Independent Non-Executive Director).分析記事 • Dec 04MMAG Holdings Berhad's (KLSE:MMAG) Strong Earnings Are Of Good QualityMMAG Holdings Berhad ( KLSE:MMAG ) just reported healthy earnings but the stock price didn't move much. Investors are...分析記事 • Nov 28Investors Give MMAG Holdings Berhad (KLSE:MMAG) Shares A 87% HidingMMAG Holdings Berhad ( KLSE:MMAG ) shareholders that were waiting for something to happen have been dealt a blow with a...Reported Earnings • Nov 28Full year 2025 earnings released: EPS: RM0.014 (vs RM0.065 loss in FY 2024)Full year 2025 results: EPS: RM0.014 (up from RM0.065 loss in FY 2024). Revenue: RM939.8m (up 71% from FY 2024). Net income: RM32.6m (up RM96.3m from FY 2024). Profit margin: 3.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: RM325.0m (US$77.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (RM325.0m market cap, or US$77.4m).New Risk • Nov 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end).New Risk • Jun 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).お知らせ • Apr 03NEXG Berhad (KLSE:DSONIC) acquired an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG).NEXG Berhad (KLSE:DSONIC) entered into a Sale and Purchase Agreement to acquire an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG) for MYR 70 million on March 27, 2025. A cash consideration of MYR 70 million will be paid by NEXG Berhad for 175,000,000 ordinary shares. Upon completion, NEXG Berhad will own 9.53% stake in MMAG Holdings Berhad. NEXG Berhad (KLSE:DSONIC) completed the acquisition of an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG) on April 2, 2025.お知らせ • Mar 28+ 1 more updateMMAG Holdings Berhad Announces Appointment of Puan Hajah Erna Bt Ismail as Non Independent and Non Executive DirectorMMAG Holdings Berhad announced appointment of Puan Hajah Erna Bt Ismail as Non Independent and Non Executive Director. Nationality: Malaysia. Age: 47. Gender: Female. Date of change: March 28, 2025. Qualification: Degree: Bachelor in Business Administration (Hons.) Finance: Universiti Teknologi MARA, Diploma: Diploma in Banking Studies: Universiti Teknologi MARA. Working experience: Puan Hajah Erna Bt Ismail brings over 21 years of comprehensive experience in financial management, commercial operations, and strategic planning. Her expertise spans goal-setting, business focus, and formulating competitive strategies, understanding of business trends and impact on financial performance. She began her professional journey in financial operations and asset management before progressing into a variety of leadership roles. Prior to joining NexG Berhad (Formerly known as Datasonic Group Berhad), she held the position of Financial Controller at Dagang Net Technologies Sdn Bhd, a pioneer in the development of paperless, electronic Customs services in Malaysia. Puan Hajah Erna has played a pivotal role in enhancing operational efficiency, generating tax savings, and driving cost reductions. Additionally, she has led cross-functional initiatives centered on optimizing cost control and improving margin management. Directorships: NexG Berhad (Formerly known as Datasonic Group Berhad).お知らせ • Mar 27+ 1 more updateMMAG Holdings Berhad Announces Appointment of See Toh Kean Yaw as DirectorMMAG Holdings Berhad announced appointment of Mr. See Toh Kean Yaw as Director. Age is 52 years. Directorate is Non Independent and Non Executive. Date of change is 27 March 2025. Qualifications: Association of Chartered Certified Accountants (ACCA) from Association of Chartered Certified Accountants (ACCA), United Kingdom. Chartered Accountant from Malaysian Institute of Accountants (MIA). Masters Degree in Business Administration from University of Portsmouth, United Kingdom. Working experience and occupation includes Mr. See Toh is a Chartered Accountant of the Malaysian Institute of Accountants since year June 2001 and a fellow member of the Chartered Association of Certified Accountants, United Kingdom since May 2004. He holds a Master Degree in Business Administration from University of Portsmouth, United Kingdom. He spent the early years of his career with BDO Binder Public Accountants, where he specialized in auditing, taxation and consultancy. In 1999, he left the auditing profession and joined Ire-Tex Group as an Accountant, responsible for the financial management, corporate finance and accounting functions. He was eventually promoted to Group Accountant, Financial Controller and Chief Financial Officer before being appointed as Executive Director of Ire-Tex Corporation Berhad (Ire-Tex) (Stock code: 7183) after Ire-Texs successful initial public offer (IPO) on the Bursa Malaysia Stock Exchange in 2004.Over the past 15 years in Ire-Tex, he was responsible in the formulation and implementation of the Ire-Tex Groups corporate strategies as well as oversees of the corporate finance, investment management, merger and acquisition aspects of the Group. From 2010 to 2014, he served as an Independent and Non-Executive Director and an audit committee member of Eka Noodles Berhad (Stock code: 7182), a company listed on Bursa Malaysia Stock Exchange. As a founding partner of Kairous Capital Group since year 2015, he has acquired more than 10 years experience in private equity and venture capital field including fund raising, deal sourcing, investment portfolio monitoring and value creation. So far, he has concluded several technology and non-technology investments into several companies based in China and South East Asia and also successfully assisted portfolio companies exit via IPO onto the Shanghai Stock Exchange and Hong Kong Stock Exchange. Directorships in public companies and listed issuers (if any) include Harvest Miracle Capital Berhad and Velocity Capital Partner Berhad.お知らせ • Mar 25Mmag Holdings Berhad Announces Resignation of Seri Mohd Khairul Adib Bin Abd Rahman as Independent and Non Executive ChairmanMMAG Holdings Berhad announced resignation of Tan Sri Dato' Seri Mohd Khairul Adib Bin Abd Rahman as Independent and Non Executive Chairman. Age: 63. Date of change is 24 March 2025. Reason: Pursue other interests.New Risk • Mar 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding).分析記事 • Mar 14MMAG Holdings Berhad's (KLSE:MMAG) Business Is Trailing The Industry But Its Shares Aren'tWhen close to half the companies in the IT industry in Malaysia have price-to-sales ratios (or "P/S") below 1.8x, you...お知らせ • Mar 07Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million.Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million on March 3, 2025. A cash consideration of MYR 60 million will be paid by Velocity Capital Partner Berhad. As part of consideration, MYR 60 million is paid towards common equity of MMAG Holdings Berhad. The transaction will be financed through equity investment of MYR 60 million. The transaction is subject to approval of merger agreement by target board. Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million on March 5, 2025お知らせ • Feb 27MMAG Holdings Berhad Appoints Kong Mei Kee as Joint SecretaryMMAG Holdings Berhad announced the appointment KONG MEI KEE as Joint Secretary. Date Of Change 27 February 2025.お知らせ • Feb 03MMAG Holdings Berhad Announces the Appointment of Ahmad Luqman Bin Mohd Azmi as Executive DirectorMMAG Holdings Berhad announced the appointment of Mr. Ahmad Luqman Bin Mohd Azmi as Executive Director. Age is 51. Date of change is 03 February 2025. Qualifications: Bachelor of Science in Aerospace Engineering from Syracuse University, New York; Business Leader Development from University of Oxford and Advanced Management Program from Harvard Business School. Working experience and occupation: Mr. Ahmad Luqman was the Chief Executive Officer (“CEO”) of Malaysia Aviation Group (“MAG”), Airlines Business (“Airlines (MAG)”) since January 2023. Prior to his appointment as CEO of Airlines (MAG), he was the Group Chief Operations Officer of Malaysia Airlines Berhad since February 2018. He is an internally grown talent who started his career with Malaysia Airlines Berhad as a management trainee over 20 years ago. In 2015, Mr. Ahmad Luqman held responsibility as CEO of MAB Kargo Sdn. Bhd. or MASkargo, the cargo subsidiary of MAG, a role he has held since Sept 2015. Under his tenure, MASkargo saw an 18% growth in business volume through freighter network realignment and strategic partnerships. Mr. Ahmad Luqman led a transformation programme for MASkargo that further strengthened its financial performance, air cargo service delivery and its position as the leading air cargo carrier in Malaysia. MASkargo also embarked on a digital transformation journey under Mr. Ahmad Luqman’s leadership to capitalise on the growth of e-commerce business in the region.お知らせ • Jan 20MMAG Holdings Berhad, Annual General Meeting, Feb 27, 2025MMAG Holdings Berhad, Annual General Meeting, Feb 27, 2025, at 10:00 Singapore Standard Time. Location: no. 3, jalan tp 2, taman perindustrian uep, 47600 subang jaya, selangor darul ehsan, MalaysiaNew Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM211m free cash flow). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).New Risk • Nov 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM211m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM211m free cash flow). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding).分析記事 • Nov 11Sentiment Still Eluding MMAG Holdings Berhad (KLSE:MMAG)It's not a stretch to say that MMAG Holdings Berhad's ( KLSE:MMAG ) price-to-sales (or "P/S") ratio of 1.6x right now...お知らせ • Sep 05MMAG Holdings Berhad Appoints Lim Poh Leng as Chief Financial OfficerMMAG Holdings Berhad appointed MISS LIM POH LENG as Chief Financial Officer. Age is 51. Date of change is 02 September 2024. Qualifications includes Degree of Bachelor of Accountancy (Hons) from University Utara Malaysia. Professional Qualification includes Accounting from Malaysian Institute of Accountants (MIA). Professional Qualification includes Certified Public Accountant from The Malaysian Institute of Certified Public Accountants (MICPA). Professional Qualification of Certified Internal Auditor (CIA) from IIA Global Inc. US. Ms. Pauline Lim began her career in external audit with PricewaterhouseCoopers in 1997, auditing various public listed and private limited companies. In 2005, she started her internal audit career with Proton as Senior Manager and resumed the position as Head of Internal Audit for Proton in 2012. With her extensive internal audit experience in manufacturing industry, she was asked to join DRB-HICOM Berhad internal audit in 2016 to oversee the internal audit team for manufacturing division. In 2018, she joined Delcol Industries (M) Sdn Bhd as Chief Operating Officer to oversee financial and operations of the company. After 5 years being involved in the operations at Delcol, she was appointed as the Head of Internal Audit in a new company to prepare the company in getting listed in Nasdaq in USA.With her extensive audit knowledge and skills for more than 25 years in financial, compliance and operational areas within the manufacturing and service industries, Ms. Pauline Lim has a record of achievement in streamlining audit process, identifying significant control weakness to increase the effectiveness and efficiency of the operations.Reported Earnings • Jun 05Full year 2024 earnings released: RM0.39 loss per share (vs RM0.38 loss in FY 2023)Full year 2024 results: RM0.39 loss per share (further deteriorated from RM0.38 loss in FY 2023). Revenue: RM492.2m (up 17% from FY 2023). Net loss: RM109.2m (loss widened 48% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.分析記事 • May 13Investors Still Aren't Entirely Convinced By MMAG Holdings Berhad's (KLSE:MMAG) Revenues Despite 92% Price JumpDespite an already strong run, MMAG Holdings Berhad ( KLSE:MMAG ) shares have been powering on, with a gain of 92% in...お知らせ • May 08MMAG Holdings Berhad Announces Resignation of Kenny Khow Chuan Wah as Executive DirectorMmag Holdings Berhad announced resignation of Mr. Kenny Khow Chuan Wah as Executive Director, age 49, gender male and nationality Malaysia. Reason: Pursue personal interest. Date of change is 07 May 2024. Qualifications: Professional Qualification Accounting from Malaysian Institute of Accountants; Professional Qualification Accounting from Institute of Chartered Accountants of Australia; Degree Accounting and Finance (Distinction) from University of Technology, Sydney. Working experience and occupation: He has more than 13 years of experience as an auditor with PricewaterhouseCoopers Malaysia, including the year secondment from 2004 to 2006 at PricewaterhouseCoopers London. He joined PricewaterhouseCoopers in 1997 and has an extensive experience in the area of corporate exercises covering IPO, demerger of a listed entity, management and integration of two major companies in Malaysia, privatisation of a major listed entity, rights issues, issuance of debt securities, as well as the sale and leaseback of key assets. His other work experience includes financial due diligence, advisory, and numerous cross-border securities offering.Reported Earnings • Mar 02Third quarter 2024 earnings released: EPS: RM0 (vs RM0.05 loss in 3Q 2023)Third quarter 2024 results: EPS: RM0 (improved from RM0.05 loss in 3Q 2023). Revenue: RM121.3m (down 5.1% from 3Q 2023). Net loss: RM108.0k (loss narrowed 99% from 3Q 2023).分析記事 • Feb 08Not Many Are Piling Into MMAG Holdings Berhad (KLSE:MMAG) Just YetMMAG Holdings Berhad's ( KLSE:MMAG ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...Board Change • Feb 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director Boon Long Chin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 31MMAG Holdings Bhd Appoints Woo Kam Weng as Chairman of Mmag Aviation Consortium Sdn BhdMMAG Holdings Bhd announced the appointment of Woo Kam Weng as chairman of MMAG Aviation Consortium Sdn Bhd as part of the group's restructuring exercise.New Risk • Jan 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM161.1m market cap, or US$34.2m).お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces Appointment of Mr. Chin Boon Long as Executive DirectorMMAG Holdings Berhad announced appointment of Mr. Chin Boon Long as Executive Director. Date of Change is January 2, 2023. Age is 56. Working experience and occupation: Mr. Chin has over 20 years of vast experience in the ICT industry. He began his career in 1995 with an ICT company in Taiwan. He had held various positions in the company before he was promoted to the position of Sales Director in 2003. He acquired PC3 Technology Sdn. Bhd. together with a business partner in 2004. Since then, he assumed the role as Managing Director of PC3 Technology Sdn. Bhd. and has led the company to become one of the leading authorised dealers of various international brands in Malaysia. Since year 2015 until present, he focuses entirely on expanding his personal investments portfolios through private companies which has spread out to various industries including ICT, constructions, manufacturing and property development, finance and others. Qualifications: Degree in Bachelor in Engineering (Electronic Computers) from Universiti Pertanian Malaysia; Masters in Business Administration from Universiti Kebangsaan Malaysia.New Risk • Nov 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM12m free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (RM20.6m market cap, or US$4.40m).Reported Earnings • Nov 29Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.014 loss in 2Q 2023)Second quarter 2024 results: EPS: RM0.01 (up from RM0.014 loss in 2Q 2023). Revenue: RM121.2m (up 34% from 2Q 2023). Net income: RM2.31m (up RM4.75m from 2Q 2023). Profit margin: 1.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.お知らせ • Oct 05MMAG Holdings Berhad (KLSE:MMAG) entered into a Shares Sale Agreement to acquire additional 5.34% stake in Line Clear Express and Logistics Sdn Bhd from CSH Alliance Berhad (KLSE:CSH) for MYR 8.25 million.MMAG Holdings Berhad (KLSE:MMAG) entered into a Shares Sale Agreement to acquire additional 5.34% stake in Line Clear Express and Logistics Sdn Bhd from CSH Alliance Berhad (KLSE:CSH) for MYR 8.25 million on October 4, 2023. The purchase consideration is expected to be funded via MMAG Group’s internally generated funds and/or the proceeds received from the divestment of MMAG Group’s investment in quoted securities. Line Clear Express generated revenues of MYR 82.5 million, loss after tax of MYR 42.7 million and net liabilities of MYR 75.4 million for the period ending March 31, 2023. In the event of termination, both parties shall pay 10% of the consideration as liquidated damages. The transaction is expected to complete in fourth quarter of 2023. Proceeds from the sale will be used for working capital and to fund for any future business expansions.分析記事 • Aug 14Is MMAG Holdings Berhad (KLSE:MMAG) Using Debt In A Risky Way?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 02Full year 2023 earnings released: RM0.038 loss per share (vs RM0.018 loss in FY 2022)Full year 2023 results: RM0.038 loss per share (further deteriorated from RM0.018 loss in FY 2022). Revenue: RM422.1m (up 9.4% from FY 2022). Net loss: RM73.8m (loss widened 226% from FY 2022).お知らせ • Jul 29MMAG Holdings Berhad, Annual General Meeting, Aug 28, 2023MMAG Holdings Berhad, Annual General Meeting, Aug 28, 2023, at 14:30 Singapore Standard Time. Location: Ballroom V, Main Wing, Jalan Kelab Tropicana Tropicana Golf & Country Resort, 47410 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits up to RM350,000 from this Annual General Meeting until the next Annual General Meeting of the Company; to re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company and to authorise the Board of Directors to fix their remuneration; to re-elect the following Directors retiring in accordance with the Company's Constitution and being eligible, have offered themselves for re-election: Hwang Siew Chien, Dato' Sok One A/L Esen, Haji Noorzainy Bin Haji Mohd Noor; and to consider other matters.お知らせ • Jul 01+ 6 more updatesMMAG Holdings Berhad Announces Resignation of Ym Tengku Farith Rithauddeen as Independent and Non Executive Member of Remuneration CommitteeMMAG Holdings Berhad announced resignation of Ym Tengku Farith Rithauddeen as Independent and Non Executive Member of Remuneration Committee. Age is 52. Nationality is Malaysia. Date of change is 30 June 2023. Composition of Remuneration Committee (Name and Directorate of members after change): Chairperson: Ms. Hwang Siew Chien (Independent Non-Executive Director); Members: Mr. Yeap Say Woi (Independent Non-Executive Director) and Dato' Sok One A/L Esen (Independent Non-Executive Director).Reported Earnings • Jun 02Full year 2023 earnings released: RM0.036 loss per share (vs RM0.018 loss in FY 2022)Full year 2023 results: RM0.036 loss per share (further deteriorated from RM0.018 loss in FY 2022). Revenue: RM422.1m (up 9.4% from FY 2022). Net loss: RM69.7m (loss widened 208% from FY 2022).Buying Opportunity • May 03Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.分析記事 • Apr 28Does MMAG Holdings Berhad (KLSE:MMAG) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Buying Opportunity • Apr 18Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.Buying Opportunity • Mar 16Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 40%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.Buying Opportunity • Feb 27Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 50%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.Reported Earnings • Feb 25Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.01 loss in 3Q 2022)Third quarter 2023 results: RM0.005 loss per share (improved from RM0.01 loss in 3Q 2022). Revenue: RM127.9m (up 54% from 3Q 2022). Net loss: RM11.2m (flat on 3Q 2022).分析記事 • Dec 04Is MMAG Holdings Berhad (KLSE:MMAG) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Dec 03Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.008 loss in 2Q 2022)Second quarter 2023 results: RM0.001 loss per share (improved from RM0.008 loss in 2Q 2022). Revenue: RM90.8m (down 32% from 2Q 2022). Net loss: RM2.44m (loss narrowed 72% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Mohd Khairul Adib Abd Rahman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 03Full year 2022 earnings released: RM0.018 loss per share (vs RM0.023 loss in FY 2021)Full year 2022 results: RM0.018 loss per share (up from RM0.023 loss in FY 2021). Revenue: RM385.9m (up 73% from FY 2021). Net loss: RM22.7m (loss narrowed 1.9% from FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.お知らせ • Jul 30MMAG Holdings Berhad, Annual General Meeting, Aug 30, 2022MMAG Holdings Berhad, Annual General Meeting, Aug 30, 2022, at 10:30 Singapore Standard Time. Location: Ballroom V, Main Wing, Jalan Kelab Tropicana, Tropicana Golf & Country Resort 47410 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2022 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits up to RM350,000 from 1 September 2022 until the next AGM of the Company; to re-elect directors; to re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company and to authorize the Board of Directors to fix their remuneration; and to discuss other matters.分析記事 • Jun 24Is MMAG Holdings Berhad (KLSE:MMAG) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Jun 02Full year 2022 earnings released: RM0.017 loss per share (vs RM0.023 loss in FY 2021)Full year 2022 results: RM0.017 loss per share (up from RM0.023 loss in FY 2021). Revenue: RM384.7m (up 73% from FY 2021). Net loss: RM20.9m (loss narrowed 9.5% from FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.お知らせ • May 26JT Aerotech Solutions Sdn. Bhd. Issues Summons Against MMAG Holdings Berhad and MJets International Sdn. BhdThe board of directors of MMAG Holdings Berhad (MMAG or the Company) announced that MMAG and its 80%-owned subsidiary, M Jets International Sdn. Bhd. (MJets), had on 24 May 2022 been served with Originating Summons dated 19 May 2022 (Originating Summons") from the solicitors acting for JT Aerotech Solutions Sdn. Bhd. ("JT Aerotech"). The shareholders of MJets are MMAG (80%) and JT Aerotech (20%). In the Originating Summons, JT Aerotech is seeking for, inter-alia, the following: (a)declaratory reliefs pursuant to sections105, 199, 200, 346 and 351 of the Companies Act 2016;and (b)orders pursuant to sections 41, 51 and 53 of the Specific Relief Act 1950. The Originating Summons is fixed for case management before the High Court on 30 May 2022 for e-Review. The Defendants have instructed their solicitors to review the cause papers of the Originating Summons in detail and render the opinion in due course. The financial impact of the legal suit, if any, can only be ascertained pending the legal review by the defendants’ solicitors. There is no operational impact of the legal suit on MMAG Group and MJets. 1. MMAG Holdings Berhad (1st Defendant); 2. MJets International Sdn. Bhd. (3rd Defendant) & Anor.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Mohd Khairul Adib Abd Rahman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: RM0.01 loss per share (down from RM0.009 loss in 3Q 2021). Revenue: RM83.1m (up 26% from 3Q 2021). Net loss: RM11.2m (loss widened 24% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.お知らせ • Feb 08MMAG Holdings Berhad Announces Appointment of Mohd Khairul Adib Bin Abd Rahman as ChairmanMMAG Holdings Berhad announced appointment of MOHD KHAIRUL ADIB BIN ABD RAHMAN as Chairman. Tan Sri Dato' Seri Mohd Khairul Adib bin Abd Rahman served as Director-General of the Public Service Department (PSD) from 1 October 2019 to 16 January 2022. Prior to that Tan Sri Dato' Seri, was the Deputy Secretary-General of the Ministry of Transports (MOT) from August 2017 before promoted to Secretary-General of the MOT in January 2019. Tan Sri Dato' Seri Mohd Khairul Adib began his career in January 1988 as an Assistant Director in the Ministry of Entrepreneur Development, Malaysia. In October 1995, he was awarded the MONBUSHO Scholarship by the Japanese Government where he studied Public Policy. In October 1997, he became the Principal Assistant Director at the Ministry of Science, Technology and Environment (MOSTE), Malaysia before assuming the role of Counsellor at the Human Resource Department for the Embassy of Malaysia in Tokyo, Japan in August 2004. He then became the Counsellor (Training) at the Public Service Department (UK Office) for the High Commission of Malaysia, London, in June 2006. In August 2009, Tan Sri Dato' Seri Mohd Khairul Adib became the Head of Strategic Unit at the Ministry of Science, Technology and Innovation (MOSTI), Malaysia. He held the role of Undersecretary (Industry) for MOSTI from August 2011 until February 2014. He then became the Undersecretary (Policy and International Relations) for Ministry of Education (MOE), Malaysia until June 2017. During this period, Tan Sri Dato' Seri Mohd Khairul Adib was also the Secretary General National Commission for UNESCO Malaysia and the National Point of Contact for ISESCO Malaysia. In January 2022, Tan Sri Dato' Seri Mohd Khairul Adib was conferred the Japanese Decoration, The Order of the Rising Sun, Gold and Silver Star by the Emperor of Japan for his contributions on the Look East Policy through people-to-people exchange and cooperation on the field of transportation between Malaysia and Japan.Executive Departure • Dec 01Independent Non-Executive Chairman Mohammad Bin Maryani has left the companyOn the 25th of November, Mohammad Bin Maryani's tenure as Independent Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Mohammad's name. A total of 4 executives have left over the last 12 months.Reported Earnings • Nov 26Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: RM0.008 loss per share (down from RM0.006 profit in 2Q 2021). Revenue: RM134.1m (up 114% from 2Q 2021). Net loss: RM8.79m (down 268% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.お知らせ • Aug 28MMAG Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 15.585756 million.MMAG Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 15.585756 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 127,752,100 Price\Range: MYR 0.122 Transaction Features: Subsequent Direct ListingReported Earnings • Aug 12Full year 2021 earnings released: RM0.023 loss per share (vs RM0.04 loss in FY 2020)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM222.8m (up 22% from FY 2020). Net loss: RM23.1m (loss narrowed 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Reported Earnings • Jun 01Full year 2021 earnings released: RM0.023 loss per share (vs RM0.04 loss in FY 2020)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM222.8m (up 22% from FY 2020). Net loss: RM23.1m (loss narrowed 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Executive Departure • Mar 18Non-Independent Non-Executive Chairman - Rathakrishnan has left the companyOn the 15th of March, - Rathakrishnan's tenure as Non-Independent Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under -'s name. A total of 5 executives have left over the last 12 months.お知らせ • Mar 16+ 2 more updatesMmag Holdings Berhad Resigns Dato' Rathakrishnan A/L Vellaisamy as Non Independent and Non Executive ChairmanMMag Holdings Berhad resigned DATO' RATHAKRISHNAN A/L VELLAISAMY as Non Independent and Non Executive Chairman. Date of change: 15 March 2021.お知らせ • Mar 11+ 2 more updatesMmag Holdings Berhad Announces the Redesignation of Hwang Siew Chien from Independent and Non Executive Chairman of Nomination Committee to Independent and Non Executive Member of Nomination CommitteeMMag Holdings Berhad announced the redesignation of HWANG SIEW CHIEN from Independent and Non Executive Chairman of Nomination Committee to Independent and Non Executive Member of Nomination Committee, effective March 9, 2021.お知らせ • Mar 10+ 2 more updatesMmag Holdings Berhad Announces the Appointment of Tengku Farith Rithauddeen as an Independent and Non Executive Member of Remuneration CommitteeMMag Holdings Berhad announced the appointment of Tengku Farith Rithauddeen as an Independent and Non Executive Member of Remuneration Committee, effective March 9, 2021.分析記事 • Mar 05What Is The Ownership Structure Like For MMag Holdings Berhad (KLSE:MMAG)?The big shareholder groups in MMag Holdings Berhad ( KLSE:MMAG ) have power over the company. Institutions often own...Reported Earnings • Feb 27Third quarter 2021 earnings released: RM0.008 loss per share (vs RM0.01 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: RM66.2m (up 11% from 3Q 2020). Net loss: RM9.09m (loss widened 31% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year.お知らせ • Jan 12+ 3 more updatesMmag Holdings Berhad Announces Resignation of Dato' Johari Bin Yahya as Independent and Non Executive DirectorMMag Holdings Berhad announced resignation of DATO' JOHARI BIN YAHYA as Independent and Non Executive Member of Director of the company, the date of change is January 11, 2021.お知らせ • Dec 29Line Clear Enters into League Agreement with SF ExpressThe Board of Directors of MMAG announced that Line Clear, a sub-subsidiary of the Company had on 28 December 2020 entered into a League Agreement (Master Agreement) (“Agreement”) with SF Express. Roles and responsibilities of the Parties are:- Principal roles and responsibilities. The Parties agree to conduct non-exclusive cooperation in the Territory agreed in the Agreement and limit the provision of the same or similar cooperation services in the cooperation region agreed by the Parties; SF Express will provide trademark authorisation, design support, product support, system empowerment, market management training, personnel training, legal support, after-sales support. Line Clear will provide office workers, deliverymen, delivery vehicles, implementation of all SF Express’ businesses in Malaysia, promotion and development of SF Express’ brand, specific implementation of SF Express’ products in Malaysia, use of SF Express’ software, spreading and enrichment of SF Express’s philosophy, and accomplishment of SF Express’ after-sales services and other jobs. Both Parties agree to conduct cooperation operation in accordance with the investment content such as investment amount, place and personnel and equipment as detailed in the Agreement.Reported Earnings • Nov 27Second quarter 2021 earnings released: EPS RM0.006The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM62.6m (up 42% from 2Q 2020). Net income: RM5.22m (up RM10.5m from 2Q 2020). Profit margin: 8.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 29% per year.分析記事 • Nov 26Health Check: How Prudently Does MMag Holdings Berhad (KLSE:MMAG) Use Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...株主還元MMAGMY ITMY 市場7D0%-2.9%-1.2%1Y-95.3%-32.5%9.3%株主還元を見る業界別リターン: MMAG過去 1 年間で-32.5 % の収益を上げたMY IT業界を下回りました。リターン対市場: MMAGは、過去 1 年間で9.3 % のリターンを上げたMY市場を下回りました。価格変動Is MMAG's price volatile compared to industry and market?MMAG volatilityMMAG Average Weekly Movement24.9%IT Industry Average Movement7.9%Market Average Movement5.8%10% most volatile stocks in MY Market12.0%10% least volatile stocks in MY Market2.7%安定した株価: MMAGの株価は、 MY市場と比較して過去 3 か月間で変動しています。時間の経過による変動: MMAGの 週次ボラティリティ は、過去 1 年間で19%から25%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト2003n/an/awww.mmag.com.myMMAG Holdings Berhad は投資持株会社で、マレーシア、シンガポール、香港、ベトナム、インド、ミャンマー、および国際的に情報技術製品を提供している。同社はモバイル＆フルフィルメンツ部門、宅配便・物流サービス部門、航空貨物部門を通じて事業を展開している。モバイル＆フルフィルメント部門は、携帯電話事業者の3PLおよび4PL契約、フルフィルメント事業、スマートデバイスの物理的およびオンライン販売に携わっている。宅配・物流サービス事業では、エクスプレスやラストワンマイルの配送サービス、倉庫保管、カスタマイズソリューション、貨物輸送、通関サービスなどを提供している。航空貨物部門は、航空貨物、貨物取扱、倉庫保管サービスを提供している。同社は、電気通信製品、サービス、アクセサリー、機器、その他のマルチメディア・ハードウェアおよびソフトウェア、ならびに情報技術製品を販売している。さらに、電子商取引サービス、航空チャーター便、各種航空施設、製品、サービス、保険代理店サービスも提供している。さらに、水産物の積み替え倉庫、家畜の鮮度管理サービス、自動計量・仕分け設備を備えた貨物取扱・チェックイン、小売管理、食品・飲料も提供している。同社は以前はIngenuity Consolidated Berhadとして知られていたが、2016年1月にMMag Holdings Berhadに社名を変更した。MMag Holdings Berhadは2003年に法人化され、マレーシアのスバンジャヤを拠点としている。もっと見るMMAG Holdings Berhad 基礎のまとめMMAG Holdings Berhad の収益と売上を時価総額と比較するとどうか。MMAG 基礎統計学時価総額RM 69.64m収益（TTM）-RM 53.16m売上高(TTM)RM 877.25m0.1xP/Sレシオ-1.3xPER（株価収益率MMAG は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MMAG 損益計算書（TTM）収益RM 877.25m売上原価RM 815.05m売上総利益RM 62.20mその他の費用RM 115.36m収益-RM 53.16m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.023グロス・マージン7.09%純利益率-6.06%有利子負債／自己資本比率20.9%MMAG の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 18:42終値2026/06/10 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MMAG Holdings Berhad 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 28Full year 2026 earnings released: RM0.023 loss per share (vs RM0.065 loss in FY 2025)Full year 2026 results: RM0.023 loss per share (improved from RM0.065 loss in FY 2025). Revenue: RM877.3m (up 60% from FY 2025). Net loss: RM53.2m (loss narrowed 17% from FY 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
お知らせ • Jan 23+ 2 more updatesMMAG Holdings Berhad Announces Appointment of Haji Noorzainy Bin Haji Mohd Noor as an Independent and Non Executive Member of Nomination Committee, Effective 23 January 2026MMAG Holdings Berhad has announced appointment of Haji Noorzainy Bin Haji Mohd Noor, 63 years old male Malaysian, as an Independent and Non Executive Member of Nomination Committee, effective 23 January 2026. Composition of Nomination Committee (Name and Directorate of members after change) Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Member: Mr. Yeap Say Woi (Independent Non-Executive Director) and Tuan Haji Noorzainy Bin Haji Mohd Noor (Independent Non-Executive Director).
お知らせ • Jan 19Mmag Holdings Berhad Announces Resignation of Non Independent and Non Executive Director See Toh Kean Yaw, Effective January 19, 2026MMAG HOLDINGS BERHAD announced the resignation of Mr. See Toh Kean Yaw as Director, Non Independent and Non Executive, effective January 19, 2026. Mr. See Toh Kean Yaw, aged 53 and a Malaysian national, resigned to pursue other interests.
分析記事 • Jan 15Slammed 29% MMAG Holdings Berhad (KLSE:MMAG) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the MMAG Holdings Berhad ( KLSE:MMAG ) share price has dived 29% in the last...
お知らせ • Jan 06Mmag Holdings Berhad Announces Resignation of Chairman Farhash Wafa Salvador J.P, Effective January 2, 2026MMAG HOLDINGS BERHAD announced that DATO’ SERI FARHASH WAFA SALVADOR J.P, aged 44, Malaysian, Male, has resigned from his position as Chairman (Non Independent and Non Executive), effective January 2, 2026, to pursue personal commitments.
お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces the Resignation of Che Nazli Binti Jaapar as Independent and Non Executive Member of Audit Committee, Effective January 1, 2026MMAG Holdings Berhad announced the resignation of CHE NAZLI BINTI JAAPAR, aged 61, as Independent and Non Executive Member of Audit Committee, effective January 1, 2026. Composition of Audit Committee (Name and Directorate of members after change): Chairman: Mr. Yeap Say Woi (Independent Non-Executive Director), Member: Dato' Sok One A/L Esen (Independent Non-Executive Director).
Reported Earnings • May 28Full year 2026 earnings released: RM0.023 loss per share (vs RM0.065 loss in FY 2025)Full year 2026 results: RM0.023 loss per share (improved from RM0.065 loss in FY 2025). Revenue: RM877.3m (up 60% from FY 2025). Net loss: RM53.2m (loss narrowed 17% from FY 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
お知らせ • Jan 23+ 2 more updatesMMAG Holdings Berhad Announces Appointment of Haji Noorzainy Bin Haji Mohd Noor as an Independent and Non Executive Member of Nomination Committee, Effective 23 January 2026MMAG Holdings Berhad has announced appointment of Haji Noorzainy Bin Haji Mohd Noor, 63 years old male Malaysian, as an Independent and Non Executive Member of Nomination Committee, effective 23 January 2026. Composition of Nomination Committee (Name and Directorate of members after change) Chairman: Dato' Sok One A/L Esen (Independent Non-Executive Director); Member: Mr. Yeap Say Woi (Independent Non-Executive Director) and Tuan Haji Noorzainy Bin Haji Mohd Noor (Independent Non-Executive Director).
お知らせ • Jan 19Mmag Holdings Berhad Announces Resignation of Non Independent and Non Executive Director See Toh Kean Yaw, Effective January 19, 2026MMAG HOLDINGS BERHAD announced the resignation of Mr. See Toh Kean Yaw as Director, Non Independent and Non Executive, effective January 19, 2026. Mr. See Toh Kean Yaw, aged 53 and a Malaysian national, resigned to pursue other interests.
分析記事 • Jan 15Slammed 29% MMAG Holdings Berhad (KLSE:MMAG) Screens Well Here But There Might Be A CatchUnfortunately for some shareholders, the MMAG Holdings Berhad ( KLSE:MMAG ) share price has dived 29% in the last...
お知らせ • Jan 06Mmag Holdings Berhad Announces Resignation of Chairman Farhash Wafa Salvador J.P, Effective January 2, 2026MMAG HOLDINGS BERHAD announced that DATO’ SERI FARHASH WAFA SALVADOR J.P, aged 44, Malaysian, Male, has resigned from his position as Chairman (Non Independent and Non Executive), effective January 2, 2026, to pursue personal commitments.
お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces the Resignation of Che Nazli Binti Jaapar as Independent and Non Executive Member of Audit Committee, Effective January 1, 2026MMAG Holdings Berhad announced the resignation of CHE NAZLI BINTI JAAPAR, aged 61, as Independent and Non Executive Member of Audit Committee, effective January 1, 2026. Composition of Audit Committee (Name and Directorate of members after change): Chairman: Mr. Yeap Say Woi (Independent Non-Executive Director), Member: Dato' Sok One A/L Esen (Independent Non-Executive Director).
分析記事 • Dec 04MMAG Holdings Berhad's (KLSE:MMAG) Strong Earnings Are Of Good QualityMMAG Holdings Berhad ( KLSE:MMAG ) just reported healthy earnings but the stock price didn't move much. Investors are...
分析記事 • Nov 28Investors Give MMAG Holdings Berhad (KLSE:MMAG) Shares A 87% HidingMMAG Holdings Berhad ( KLSE:MMAG ) shareholders that were waiting for something to happen have been dealt a blow with a...
Reported Earnings • Nov 28Full year 2025 earnings released: EPS: RM0.014 (vs RM0.065 loss in FY 2024)Full year 2025 results: EPS: RM0.014 (up from RM0.065 loss in FY 2024). Revenue: RM939.8m (up 71% from FY 2024). Net income: RM32.6m (up RM96.3m from FY 2024). Profit margin: 3.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
New Risk • Nov 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: RM325.0m (US$77.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (RM325.0m market cap, or US$77.4m).
New Risk • Nov 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end).
New Risk • Jun 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).
お知らせ • Apr 03NEXG Berhad (KLSE:DSONIC) acquired an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG).NEXG Berhad (KLSE:DSONIC) entered into a Sale and Purchase Agreement to acquire an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG) for MYR 70 million on March 27, 2025. A cash consideration of MYR 70 million will be paid by NEXG Berhad for 175,000,000 ordinary shares. Upon completion, NEXG Berhad will own 9.53% stake in MMAG Holdings Berhad. NEXG Berhad (KLSE:DSONIC) completed the acquisition of an additional 7.58% stake in MMAG Holdings Berhad (KLSE:MMAG) on April 2, 2025.
お知らせ • Mar 28+ 1 more updateMMAG Holdings Berhad Announces Appointment of Puan Hajah Erna Bt Ismail as Non Independent and Non Executive DirectorMMAG Holdings Berhad announced appointment of Puan Hajah Erna Bt Ismail as Non Independent and Non Executive Director. Nationality: Malaysia. Age: 47. Gender: Female. Date of change: March 28, 2025. Qualification: Degree: Bachelor in Business Administration (Hons.) Finance: Universiti Teknologi MARA, Diploma: Diploma in Banking Studies: Universiti Teknologi MARA. Working experience: Puan Hajah Erna Bt Ismail brings over 21 years of comprehensive experience in financial management, commercial operations, and strategic planning. Her expertise spans goal-setting, business focus, and formulating competitive strategies, understanding of business trends and impact on financial performance. She began her professional journey in financial operations and asset management before progressing into a variety of leadership roles. Prior to joining NexG Berhad (Formerly known as Datasonic Group Berhad), she held the position of Financial Controller at Dagang Net Technologies Sdn Bhd, a pioneer in the development of paperless, electronic Customs services in Malaysia. Puan Hajah Erna has played a pivotal role in enhancing operational efficiency, generating tax savings, and driving cost reductions. Additionally, she has led cross-functional initiatives centered on optimizing cost control and improving margin management. Directorships: NexG Berhad (Formerly known as Datasonic Group Berhad).
お知らせ • Mar 27+ 1 more updateMMAG Holdings Berhad Announces Appointment of See Toh Kean Yaw as DirectorMMAG Holdings Berhad announced appointment of Mr. See Toh Kean Yaw as Director. Age is 52 years. Directorate is Non Independent and Non Executive. Date of change is 27 March 2025. Qualifications: Association of Chartered Certified Accountants (ACCA) from Association of Chartered Certified Accountants (ACCA), United Kingdom. Chartered Accountant from Malaysian Institute of Accountants (MIA). Masters Degree in Business Administration from University of Portsmouth, United Kingdom. Working experience and occupation includes Mr. See Toh is a Chartered Accountant of the Malaysian Institute of Accountants since year June 2001 and a fellow member of the Chartered Association of Certified Accountants, United Kingdom since May 2004. He holds a Master Degree in Business Administration from University of Portsmouth, United Kingdom. He spent the early years of his career with BDO Binder Public Accountants, where he specialized in auditing, taxation and consultancy. In 1999, he left the auditing profession and joined Ire-Tex Group as an Accountant, responsible for the financial management, corporate finance and accounting functions. He was eventually promoted to Group Accountant, Financial Controller and Chief Financial Officer before being appointed as Executive Director of Ire-Tex Corporation Berhad (Ire-Tex) (Stock code: 7183) after Ire-Texs successful initial public offer (IPO) on the Bursa Malaysia Stock Exchange in 2004.Over the past 15 years in Ire-Tex, he was responsible in the formulation and implementation of the Ire-Tex Groups corporate strategies as well as oversees of the corporate finance, investment management, merger and acquisition aspects of the Group. From 2010 to 2014, he served as an Independent and Non-Executive Director and an audit committee member of Eka Noodles Berhad (Stock code: 7182), a company listed on Bursa Malaysia Stock Exchange. As a founding partner of Kairous Capital Group since year 2015, he has acquired more than 10 years experience in private equity and venture capital field including fund raising, deal sourcing, investment portfolio monitoring and value creation. So far, he has concluded several technology and non-technology investments into several companies based in China and South East Asia and also successfully assisted portfolio companies exit via IPO onto the Shanghai Stock Exchange and Hong Kong Stock Exchange. Directorships in public companies and listed issuers (if any) include Harvest Miracle Capital Berhad and Velocity Capital Partner Berhad.
お知らせ • Mar 25Mmag Holdings Berhad Announces Resignation of Seri Mohd Khairul Adib Bin Abd Rahman as Independent and Non Executive ChairmanMMAG Holdings Berhad announced resignation of Tan Sri Dato' Seri Mohd Khairul Adib Bin Abd Rahman as Independent and Non Executive Chairman. Age: 63. Date of change is 24 March 2025. Reason: Pursue other interests.
New Risk • Mar 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding).
分析記事 • Mar 14MMAG Holdings Berhad's (KLSE:MMAG) Business Is Trailing The Industry But Its Shares Aren'tWhen close to half the companies in the IT industry in Malaysia have price-to-sales ratios (or "P/S") below 1.8x, you...
お知らせ • Mar 07Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million.Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million on March 3, 2025. A cash consideration of MYR 60 million will be paid by Velocity Capital Partner Berhad. As part of consideration, MYR 60 million is paid towards common equity of MMAG Holdings Berhad. The transaction will be financed through equity investment of MYR 60 million. The transaction is subject to approval of merger agreement by target board. Velocity Capital Partner Berhad (KLSE:VELOCITY) entered into a Sale and Purchase Agreement to acquire 6.49% stake in MMAG Holdings Berhad (KLSE:MMAG) from Chan Swee Ying for MYR 60 million on March 5, 2025
お知らせ • Feb 27MMAG Holdings Berhad Appoints Kong Mei Kee as Joint SecretaryMMAG Holdings Berhad announced the appointment KONG MEI KEE as Joint Secretary. Date Of Change 27 February 2025.
お知らせ • Feb 03MMAG Holdings Berhad Announces the Appointment of Ahmad Luqman Bin Mohd Azmi as Executive DirectorMMAG Holdings Berhad announced the appointment of Mr. Ahmad Luqman Bin Mohd Azmi as Executive Director. Age is 51. Date of change is 03 February 2025. Qualifications: Bachelor of Science in Aerospace Engineering from Syracuse University, New York; Business Leader Development from University of Oxford and Advanced Management Program from Harvard Business School. Working experience and occupation: Mr. Ahmad Luqman was the Chief Executive Officer (“CEO”) of Malaysia Aviation Group (“MAG”), Airlines Business (“Airlines (MAG)”) since January 2023. Prior to his appointment as CEO of Airlines (MAG), he was the Group Chief Operations Officer of Malaysia Airlines Berhad since February 2018. He is an internally grown talent who started his career with Malaysia Airlines Berhad as a management trainee over 20 years ago. In 2015, Mr. Ahmad Luqman held responsibility as CEO of MAB Kargo Sdn. Bhd. or MASkargo, the cargo subsidiary of MAG, a role he has held since Sept 2015. Under his tenure, MASkargo saw an 18% growth in business volume through freighter network realignment and strategic partnerships. Mr. Ahmad Luqman led a transformation programme for MASkargo that further strengthened its financial performance, air cargo service delivery and its position as the leading air cargo carrier in Malaysia. MASkargo also embarked on a digital transformation journey under Mr. Ahmad Luqman’s leadership to capitalise on the growth of e-commerce business in the region.
お知らせ • Jan 20MMAG Holdings Berhad, Annual General Meeting, Feb 27, 2025MMAG Holdings Berhad, Annual General Meeting, Feb 27, 2025, at 10:00 Singapore Standard Time. Location: no. 3, jalan tp 2, taman perindustrian uep, 47600 subang jaya, selangor darul ehsan, Malaysia
New Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM211m free cash flow). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).
New Risk • Nov 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM211m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM211m free cash flow). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding).
分析記事 • Nov 11Sentiment Still Eluding MMAG Holdings Berhad (KLSE:MMAG)It's not a stretch to say that MMAG Holdings Berhad's ( KLSE:MMAG ) price-to-sales (or "P/S") ratio of 1.6x right now...
お知らせ • Sep 05MMAG Holdings Berhad Appoints Lim Poh Leng as Chief Financial OfficerMMAG Holdings Berhad appointed MISS LIM POH LENG as Chief Financial Officer. Age is 51. Date of change is 02 September 2024. Qualifications includes Degree of Bachelor of Accountancy (Hons) from University Utara Malaysia. Professional Qualification includes Accounting from Malaysian Institute of Accountants (MIA). Professional Qualification includes Certified Public Accountant from The Malaysian Institute of Certified Public Accountants (MICPA). Professional Qualification of Certified Internal Auditor (CIA) from IIA Global Inc. US. Ms. Pauline Lim began her career in external audit with PricewaterhouseCoopers in 1997, auditing various public listed and private limited companies. In 2005, she started her internal audit career with Proton as Senior Manager and resumed the position as Head of Internal Audit for Proton in 2012. With her extensive internal audit experience in manufacturing industry, she was asked to join DRB-HICOM Berhad internal audit in 2016 to oversee the internal audit team for manufacturing division. In 2018, she joined Delcol Industries (M) Sdn Bhd as Chief Operating Officer to oversee financial and operations of the company. After 5 years being involved in the operations at Delcol, she was appointed as the Head of Internal Audit in a new company to prepare the company in getting listed in Nasdaq in USA.With her extensive audit knowledge and skills for more than 25 years in financial, compliance and operational areas within the manufacturing and service industries, Ms. Pauline Lim has a record of achievement in streamlining audit process, identifying significant control weakness to increase the effectiveness and efficiency of the operations.
Reported Earnings • Jun 05Full year 2024 earnings released: RM0.39 loss per share (vs RM0.38 loss in FY 2023)Full year 2024 results: RM0.39 loss per share (further deteriorated from RM0.38 loss in FY 2023). Revenue: RM492.2m (up 17% from FY 2023). Net loss: RM109.2m (loss widened 48% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings.
分析記事 • May 13Investors Still Aren't Entirely Convinced By MMAG Holdings Berhad's (KLSE:MMAG) Revenues Despite 92% Price JumpDespite an already strong run, MMAG Holdings Berhad ( KLSE:MMAG ) shares have been powering on, with a gain of 92% in...
お知らせ • May 08MMAG Holdings Berhad Announces Resignation of Kenny Khow Chuan Wah as Executive DirectorMmag Holdings Berhad announced resignation of Mr. Kenny Khow Chuan Wah as Executive Director, age 49, gender male and nationality Malaysia. Reason: Pursue personal interest. Date of change is 07 May 2024. Qualifications: Professional Qualification Accounting from Malaysian Institute of Accountants; Professional Qualification Accounting from Institute of Chartered Accountants of Australia; Degree Accounting and Finance (Distinction) from University of Technology, Sydney. Working experience and occupation: He has more than 13 years of experience as an auditor with PricewaterhouseCoopers Malaysia, including the year secondment from 2004 to 2006 at PricewaterhouseCoopers London. He joined PricewaterhouseCoopers in 1997 and has an extensive experience in the area of corporate exercises covering IPO, demerger of a listed entity, management and integration of two major companies in Malaysia, privatisation of a major listed entity, rights issues, issuance of debt securities, as well as the sale and leaseback of key assets. His other work experience includes financial due diligence, advisory, and numerous cross-border securities offering.
Reported Earnings • Mar 02Third quarter 2024 earnings released: EPS: RM0 (vs RM0.05 loss in 3Q 2023)Third quarter 2024 results: EPS: RM0 (improved from RM0.05 loss in 3Q 2023). Revenue: RM121.3m (down 5.1% from 3Q 2023). Net loss: RM108.0k (loss narrowed 99% from 3Q 2023).
分析記事 • Feb 08Not Many Are Piling Into MMAG Holdings Berhad (KLSE:MMAG) Just YetMMAG Holdings Berhad's ( KLSE:MMAG ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...
Board Change • Feb 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director Boon Long Chin was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 31MMAG Holdings Bhd Appoints Woo Kam Weng as Chairman of Mmag Aviation Consortium Sdn BhdMMAG Holdings Bhd announced the appointment of Woo Kam Weng as chairman of MMAG Aviation Consortium Sdn Bhd as part of the group's restructuring exercise.
New Risk • Jan 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM161.1m market cap, or US$34.2m).
お知らせ • Jan 02+ 1 more updateMmag Holdings Berhad Announces Appointment of Mr. Chin Boon Long as Executive DirectorMMAG Holdings Berhad announced appointment of Mr. Chin Boon Long as Executive Director. Date of Change is January 2, 2023. Age is 56. Working experience and occupation: Mr. Chin has over 20 years of vast experience in the ICT industry. He began his career in 1995 with an ICT company in Taiwan. He had held various positions in the company before he was promoted to the position of Sales Director in 2003. He acquired PC3 Technology Sdn. Bhd. together with a business partner in 2004. Since then, he assumed the role as Managing Director of PC3 Technology Sdn. Bhd. and has led the company to become one of the leading authorised dealers of various international brands in Malaysia. Since year 2015 until present, he focuses entirely on expanding his personal investments portfolios through private companies which has spread out to various industries including ICT, constructions, manufacturing and property development, finance and others. Qualifications: Degree in Bachelor in Engineering (Electronic Computers) from Universiti Pertanian Malaysia; Masters in Business Administration from Universiti Kebangsaan Malaysia.
New Risk • Nov 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM12m free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (RM20.6m market cap, or US$4.40m).
Reported Earnings • Nov 29Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.014 loss in 2Q 2023)Second quarter 2024 results: EPS: RM0.01 (up from RM0.014 loss in 2Q 2023). Revenue: RM121.2m (up 34% from 2Q 2023). Net income: RM2.31m (up RM4.75m from 2Q 2023). Profit margin: 1.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
お知らせ • Oct 05MMAG Holdings Berhad (KLSE:MMAG) entered into a Shares Sale Agreement to acquire additional 5.34% stake in Line Clear Express and Logistics Sdn Bhd from CSH Alliance Berhad (KLSE:CSH) for MYR 8.25 million.MMAG Holdings Berhad (KLSE:MMAG) entered into a Shares Sale Agreement to acquire additional 5.34% stake in Line Clear Express and Logistics Sdn Bhd from CSH Alliance Berhad (KLSE:CSH) for MYR 8.25 million on October 4, 2023. The purchase consideration is expected to be funded via MMAG Group’s internally generated funds and/or the proceeds received from the divestment of MMAG Group’s investment in quoted securities. Line Clear Express generated revenues of MYR 82.5 million, loss after tax of MYR 42.7 million and net liabilities of MYR 75.4 million for the period ending March 31, 2023. In the event of termination, both parties shall pay 10% of the consideration as liquidated damages. The transaction is expected to complete in fourth quarter of 2023. Proceeds from the sale will be used for working capital and to fund for any future business expansions.
分析記事 • Aug 14Is MMAG Holdings Berhad (KLSE:MMAG) Using Debt In A Risky Way?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 02Full year 2023 earnings released: RM0.038 loss per share (vs RM0.018 loss in FY 2022)Full year 2023 results: RM0.038 loss per share (further deteriorated from RM0.018 loss in FY 2022). Revenue: RM422.1m (up 9.4% from FY 2022). Net loss: RM73.8m (loss widened 226% from FY 2022).
お知らせ • Jul 29MMAG Holdings Berhad, Annual General Meeting, Aug 28, 2023MMAG Holdings Berhad, Annual General Meeting, Aug 28, 2023, at 14:30 Singapore Standard Time. Location: Ballroom V, Main Wing, Jalan Kelab Tropicana Tropicana Golf & Country Resort, 47410 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits up to RM350,000 from this Annual General Meeting until the next Annual General Meeting of the Company; to re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company and to authorise the Board of Directors to fix their remuneration; to re-elect the following Directors retiring in accordance with the Company's Constitution and being eligible, have offered themselves for re-election: Hwang Siew Chien, Dato' Sok One A/L Esen, Haji Noorzainy Bin Haji Mohd Noor; and to consider other matters.
お知らせ • Jul 01+ 6 more updatesMMAG Holdings Berhad Announces Resignation of Ym Tengku Farith Rithauddeen as Independent and Non Executive Member of Remuneration CommitteeMMAG Holdings Berhad announced resignation of Ym Tengku Farith Rithauddeen as Independent and Non Executive Member of Remuneration Committee. Age is 52. Nationality is Malaysia. Date of change is 30 June 2023. Composition of Remuneration Committee (Name and Directorate of members after change): Chairperson: Ms. Hwang Siew Chien (Independent Non-Executive Director); Members: Mr. Yeap Say Woi (Independent Non-Executive Director) and Dato' Sok One A/L Esen (Independent Non-Executive Director).
Reported Earnings • Jun 02Full year 2023 earnings released: RM0.036 loss per share (vs RM0.018 loss in FY 2022)Full year 2023 results: RM0.036 loss per share (further deteriorated from RM0.018 loss in FY 2022). Revenue: RM422.1m (up 9.4% from FY 2022). Net loss: RM69.7m (loss widened 208% from FY 2022).
Buying Opportunity • May 03Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.
分析記事 • Apr 28Does MMAG Holdings Berhad (KLSE:MMAG) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Buying Opportunity • Apr 18Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.
Buying Opportunity • Mar 16Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 40%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.
Buying Opportunity • Feb 27Now 33% undervalued after recent price dropOver the last 90 days, the stock is down 50%. The fair value is estimated to be RM0.022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 30%.
Reported Earnings • Feb 25Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.01 loss in 3Q 2022)Third quarter 2023 results: RM0.005 loss per share (improved from RM0.01 loss in 3Q 2022). Revenue: RM127.9m (up 54% from 3Q 2022). Net loss: RM11.2m (flat on 3Q 2022).
分析記事 • Dec 04Is MMAG Holdings Berhad (KLSE:MMAG) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Dec 03Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.008 loss in 2Q 2022)Second quarter 2023 results: RM0.001 loss per share (improved from RM0.008 loss in 2Q 2022). Revenue: RM90.8m (down 32% from 2Q 2022). Net loss: RM2.44m (loss narrowed 72% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Mohd Khairul Adib Abd Rahman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 03Full year 2022 earnings released: RM0.018 loss per share (vs RM0.023 loss in FY 2021)Full year 2022 results: RM0.018 loss per share (up from RM0.023 loss in FY 2021). Revenue: RM385.9m (up 73% from FY 2021). Net loss: RM22.7m (loss narrowed 1.9% from FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
お知らせ • Jul 30MMAG Holdings Berhad, Annual General Meeting, Aug 30, 2022MMAG Holdings Berhad, Annual General Meeting, Aug 30, 2022, at 10:30 Singapore Standard Time. Location: Ballroom V, Main Wing, Jalan Kelab Tropicana, Tropicana Golf & Country Resort 47410 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2022 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits up to RM350,000 from 1 September 2022 until the next AGM of the Company; to re-elect directors; to re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company and to authorize the Board of Directors to fix their remuneration; and to discuss other matters.
分析記事 • Jun 24Is MMAG Holdings Berhad (KLSE:MMAG) Using Debt In A Risky Way?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Jun 02Full year 2022 earnings released: RM0.017 loss per share (vs RM0.023 loss in FY 2021)Full year 2022 results: RM0.017 loss per share (up from RM0.023 loss in FY 2021). Revenue: RM384.7m (up 73% from FY 2021). Net loss: RM20.9m (loss narrowed 9.5% from FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
お知らせ • May 26JT Aerotech Solutions Sdn. Bhd. Issues Summons Against MMAG Holdings Berhad and MJets International Sdn. BhdThe board of directors of MMAG Holdings Berhad (MMAG or the Company) announced that MMAG and its 80%-owned subsidiary, M Jets International Sdn. Bhd. (MJets), had on 24 May 2022 been served with Originating Summons dated 19 May 2022 (Originating Summons") from the solicitors acting for JT Aerotech Solutions Sdn. Bhd. ("JT Aerotech"). The shareholders of MJets are MMAG (80%) and JT Aerotech (20%). In the Originating Summons, JT Aerotech is seeking for, inter-alia, the following: (a)declaratory reliefs pursuant to sections105, 199, 200, 346 and 351 of the Companies Act 2016;and (b)orders pursuant to sections 41, 51 and 53 of the Specific Relief Act 1950. The Originating Summons is fixed for case management before the High Court on 30 May 2022 for e-Review. The Defendants have instructed their solicitors to review the cause papers of the Originating Summons in detail and render the opinion in due course. The financial impact of the legal suit, if any, can only be ascertained pending the legal review by the defendants’ solicitors. There is no operational impact of the legal suit on MMAG Group and MJets. 1. MMAG Holdings Berhad (1st Defendant); 2. MJets International Sdn. Bhd. (3rd Defendant) & Anor.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Mohd Khairul Adib Abd Rahman was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: RM0.01 loss per share (down from RM0.009 loss in 3Q 2021). Revenue: RM83.1m (up 26% from 3Q 2021). Net loss: RM11.2m (loss widened 24% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
お知らせ • Feb 08MMAG Holdings Berhad Announces Appointment of Mohd Khairul Adib Bin Abd Rahman as ChairmanMMAG Holdings Berhad announced appointment of MOHD KHAIRUL ADIB BIN ABD RAHMAN as Chairman. Tan Sri Dato' Seri Mohd Khairul Adib bin Abd Rahman served as Director-General of the Public Service Department (PSD) from 1 October 2019 to 16 January 2022. Prior to that Tan Sri Dato' Seri, was the Deputy Secretary-General of the Ministry of Transports (MOT) from August 2017 before promoted to Secretary-General of the MOT in January 2019. Tan Sri Dato' Seri Mohd Khairul Adib began his career in January 1988 as an Assistant Director in the Ministry of Entrepreneur Development, Malaysia. In October 1995, he was awarded the MONBUSHO Scholarship by the Japanese Government where he studied Public Policy. In October 1997, he became the Principal Assistant Director at the Ministry of Science, Technology and Environment (MOSTE), Malaysia before assuming the role of Counsellor at the Human Resource Department for the Embassy of Malaysia in Tokyo, Japan in August 2004. He then became the Counsellor (Training) at the Public Service Department (UK Office) for the High Commission of Malaysia, London, in June 2006. In August 2009, Tan Sri Dato' Seri Mohd Khairul Adib became the Head of Strategic Unit at the Ministry of Science, Technology and Innovation (MOSTI), Malaysia. He held the role of Undersecretary (Industry) for MOSTI from August 2011 until February 2014. He then became the Undersecretary (Policy and International Relations) for Ministry of Education (MOE), Malaysia until June 2017. During this period, Tan Sri Dato' Seri Mohd Khairul Adib was also the Secretary General National Commission for UNESCO Malaysia and the National Point of Contact for ISESCO Malaysia. In January 2022, Tan Sri Dato' Seri Mohd Khairul Adib was conferred the Japanese Decoration, The Order of the Rising Sun, Gold and Silver Star by the Emperor of Japan for his contributions on the Look East Policy through people-to-people exchange and cooperation on the field of transportation between Malaysia and Japan.
Executive Departure • Dec 01Independent Non-Executive Chairman Mohammad Bin Maryani has left the companyOn the 25th of November, Mohammad Bin Maryani's tenure as Independent Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Mohammad's name. A total of 4 executives have left over the last 12 months.
Reported Earnings • Nov 26Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: RM0.008 loss per share (down from RM0.006 profit in 2Q 2021). Revenue: RM134.1m (up 114% from 2Q 2021). Net loss: RM8.79m (down 268% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
お知らせ • Aug 28MMAG Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 15.585756 million.MMAG Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 15.585756 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 127,752,100 Price\Range: MYR 0.122 Transaction Features: Subsequent Direct Listing
Reported Earnings • Aug 12Full year 2021 earnings released: RM0.023 loss per share (vs RM0.04 loss in FY 2020)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM222.8m (up 22% from FY 2020). Net loss: RM23.1m (loss narrowed 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Reported Earnings • Jun 01Full year 2021 earnings released: RM0.023 loss per share (vs RM0.04 loss in FY 2020)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM222.8m (up 22% from FY 2020). Net loss: RM23.1m (loss narrowed 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Executive Departure • Mar 18Non-Independent Non-Executive Chairman - Rathakrishnan has left the companyOn the 15th of March, - Rathakrishnan's tenure as Non-Independent Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under -'s name. A total of 5 executives have left over the last 12 months.
お知らせ • Mar 16+ 2 more updatesMmag Holdings Berhad Resigns Dato' Rathakrishnan A/L Vellaisamy as Non Independent and Non Executive ChairmanMMag Holdings Berhad resigned DATO' RATHAKRISHNAN A/L VELLAISAMY as Non Independent and Non Executive Chairman. Date of change: 15 March 2021.
お知らせ • Mar 11+ 2 more updatesMmag Holdings Berhad Announces the Redesignation of Hwang Siew Chien from Independent and Non Executive Chairman of Nomination Committee to Independent and Non Executive Member of Nomination CommitteeMMag Holdings Berhad announced the redesignation of HWANG SIEW CHIEN from Independent and Non Executive Chairman of Nomination Committee to Independent and Non Executive Member of Nomination Committee, effective March 9, 2021.
お知らせ • Mar 10+ 2 more updatesMmag Holdings Berhad Announces the Appointment of Tengku Farith Rithauddeen as an Independent and Non Executive Member of Remuneration CommitteeMMag Holdings Berhad announced the appointment of Tengku Farith Rithauddeen as an Independent and Non Executive Member of Remuneration Committee, effective March 9, 2021.
分析記事 • Mar 05What Is The Ownership Structure Like For MMag Holdings Berhad (KLSE:MMAG)?The big shareholder groups in MMag Holdings Berhad ( KLSE:MMAG ) have power over the company. Institutions often own...
Reported Earnings • Feb 27Third quarter 2021 earnings released: RM0.008 loss per share (vs RM0.01 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: RM66.2m (up 11% from 3Q 2020). Net loss: RM9.09m (loss widened 31% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year.
お知らせ • Jan 12+ 3 more updatesMmag Holdings Berhad Announces Resignation of Dato' Johari Bin Yahya as Independent and Non Executive DirectorMMag Holdings Berhad announced resignation of DATO' JOHARI BIN YAHYA as Independent and Non Executive Member of Director of the company, the date of change is January 11, 2021.
お知らせ • Dec 29Line Clear Enters into League Agreement with SF ExpressThe Board of Directors of MMAG announced that Line Clear, a sub-subsidiary of the Company had on 28 December 2020 entered into a League Agreement (Master Agreement) (“Agreement”) with SF Express. Roles and responsibilities of the Parties are:- Principal roles and responsibilities. The Parties agree to conduct non-exclusive cooperation in the Territory agreed in the Agreement and limit the provision of the same or similar cooperation services in the cooperation region agreed by the Parties; SF Express will provide trademark authorisation, design support, product support, system empowerment, market management training, personnel training, legal support, after-sales support. Line Clear will provide office workers, deliverymen, delivery vehicles, implementation of all SF Express’ businesses in Malaysia, promotion and development of SF Express’ brand, specific implementation of SF Express’ products in Malaysia, use of SF Express’ software, spreading and enrichment of SF Express’s philosophy, and accomplishment of SF Express’ after-sales services and other jobs. Both Parties agree to conduct cooperation operation in accordance with the investment content such as investment amount, place and personnel and equipment as detailed in the Agreement.
Reported Earnings • Nov 27Second quarter 2021 earnings released: EPS RM0.006The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM62.6m (up 42% from 2Q 2020). Net income: RM5.22m (up RM10.5m from 2Q 2020). Profit margin: 8.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 29% per year.
分析記事 • Nov 26Health Check: How Prudently Does MMag Holdings Berhad (KLSE:MMAG) Use Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
