Reported Earnings • May 28
Full 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. Announcement • Jan 19
Mmag Holdings Berhad Announces Resignation of Non Independent and Non Executive Director See Toh Kean Yaw, Effective January 19, 2026 MMAG 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. Announcement • Jan 06
Mmag Holdings Berhad Announces Resignation of Chairman Farhash Wafa Salvador J.P, Effective January 2, 2026 MMAG 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. Reported Earnings • Nov 28
Full 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 04
New minor risk - Market cap size The 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 03
New major risk - Share price stability The 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 17
New minor risk - Financial data availability The 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). Announcement • Apr 03
NEXG 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. Announcement • Mar 25
Mmag Holdings Berhad Announces Resignation of Seri Mohd Khairul Adib Bin Abd Rahman as Independent and Non Executive Chairman MMAG 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 20
New major risk - Share price stability The 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). Announcement • Mar 07
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. 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 Announcement • Feb 27
MMAG Holdings Berhad Appoints Kong Mei Kee as Joint Secretary MMAG Holdings Berhad announced the appointment KONG MEI KEE as Joint Secretary. Date Of Change 27 February 2025. Announcement • Feb 03
MMAG Holdings Berhad Announces the Appointment of Ahmad Luqman Bin Mohd Azmi as Executive Director MMAG 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. Announcement • Jan 20
MMAG Holdings Berhad, Annual General Meeting, Feb 27, 2025 MMAG 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 13
New minor risk - Share price stability The 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 12
New major risk - Financial position The 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). Announcement • Sep 05
MMAG Holdings Berhad Appoints Lim Poh Leng as Chief Financial Officer MMAG 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 05
Full 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. Announcement • May 08
MMAG Holdings Berhad Announces Resignation of Kenny Khow Chuan Wah as Executive Director Mmag 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 02
Third 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). Board Change • Feb 01
High number of new directors There 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. Announcement • Jan 31
MMAG Holdings Bhd Appoints Woo Kam Weng as Chairman of Mmag Aviation Consortium Sdn Bhd MMAG 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 21
New major risk - Shareholder dilution The 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). New Risk • Nov 30
New major risk - Financial position The 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 29
Second 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. Announcement • Oct 05
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. 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. Reported Earnings • Aug 02
Full 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). Announcement • Jul 29
MMAG Holdings Berhad, Annual General Meeting, Aug 28, 2023 MMAG 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. Reported Earnings • Jun 02
Full 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 03
Now 33% undervalued after recent price drop Over 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 • Apr 18
Now 33% undervalued after recent price drop Over 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 16
Now 33% undervalued after recent price drop Over 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 27
Now 33% undervalued after recent price drop Over 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 25
Third 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). Reported Earnings • Dec 03
Second 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 16
High number of new directors There 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 03
Full 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. Announcement • Jul 30
MMAG Holdings Berhad, Annual General Meeting, Aug 30, 2022 MMAG 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. Reported Earnings • Jun 02
Full 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. Announcement • May 26
JT Aerotech Solutions Sdn. Bhd. Issues Summons Against MMAG Holdings Berhad and MJets International Sdn. Bhd The 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 27
High number of new directors There 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 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third 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. Announcement • Feb 08
MMAG Holdings Berhad Announces Appointment of Mohd Khairul Adib Bin Abd Rahman as Chairman MMAG 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 01
Independent Non-Executive Chairman Mohammad Bin Maryani has left the company On 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 26
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second 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. Announcement • Aug 28
MMAG 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 12
Full 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 01
Full 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 18
Non-Independent Non-Executive Chairman - Rathakrishnan has left the company On 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. Reported Earnings • Feb 27
Third 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. Announcement • Dec 29
Line Clear Enters into League Agreement with SF Express The 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 27
Second quarter 2021 earnings released: EPS RM0.006 The 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.