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Bursa Master

Author: BURSAMASTER   |   Latest post: Wed, 30 Jun 2021, 10:13 PM

 

MAG & MAG-WB : POTENTIAL UPTREND STOCK

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MAG  &  MAG-WB   :   POTENTIAL UPTREND STOCK

MAG HOLDINGS BERHAD  (MAG - Stock Code 0095, Consumer

Products & Services, ACE Market)

 

BASIC INFORMATION ABOUT MAG HOLDINGS BERHAD

MAG Holdings Berhad, a Malaysia based investment holding company, with wholly owned subsidiaries in Malaysia, Australia, the United States, Canada, Brunei, Philippines and Hong Kong. It provides wholesale and retail telecommunications services and long distance services to telecommunication companies, as well as to corporate and individual subscribers. The company also provides support services to telecommunication companies, as well as offers prepaid calling cards. In addition, it operates a telecommunications call center. The company is headquartered in Kuala Lumpur, Malaysia.

MAG had completed their purchase of XW Aquaculture Sdn Bhd on 12 December 2019 which starts their foray on diversification into Prawn Aquaculture.

Wakuba farm at Kampung Wakuba, Tawau Sabah – 102 shrimp ponds at 97.90 hectares site. Own and operate by XW Aquaculture Sdn Bhd, a wholly owned subsidiary of MAG Holdings Berhad. Kampung Wakuba is well known for its pristine waters ideal for producing outstanding quality shrimps. We culture mainly Vannamei shrimps in a non-pesticidal cured marine ponds as our fresh shrimp product.

Sectors: Consumer Products, Penny Stocks, Telco, Consumer Products & Services, Food & Beverages, Newly Classified Shariah-Compliant Securities

 

Market Capitalization : RM 147 million

Shares Float : 682 million

NTA : 0.75 (Currently trading at 71% discount to NTA

Website :  https://magholdings.com.my/

 

prawn-aquaculture-03

 

 

Related Links:

Excerpt From RHB RESEARCH – 24 Nov 2020

MAG Holdings broke above the MYR0.215 resistance on improved volume profile, likely marking an end to its narrow sideway trading pattern. Additionally, the 21-day SMA line is also showing initial signs of curving upward. A positive bias may appear above MYR0.215 with resistance levels eyed at MYR0.25 and MYR0.28. This thesis would be negated if the MYR0.215 level fails to hold.

Source: RHB Securities Research - 24 Nov 2020

 

https://klse.i3investor.com/blogs/rhbresearch/2020-11-24-story-h1536586787-Trading_Stocks_MAG_Holdings.jsp

1. IMPROVING QUARTER RESULTS  TRENDS AFTER diversification into Prawn Aquaculture

MAG  has announced on Friday, 27 November 2020 An impressive increased of 188.6% in PAT  YoY  & 228.56% QoQ.

 

 

 

 

 

 

CONCLUSION

Considering all the above, I gather that current price for MAG & MAG-WB is attractive due to:

i) Improving QR prospects AFTER diversification into Prawn Aquaculture ;  food stocks should recover strongly from the pandemic COVID19 going forward

ii) MAG share price is currently trading at discount of 71% to its NTA OF 0.75.

iii) MAG closed last Friday at 0.215 whilst MAG-WB closed at 0.055.

iii) Gann Support (EP/CL): 0.21/0.19 | Resistance (TP): 0.23/0.25 ( from i-SAHAM)

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THIS WEEK FORBEARING ANY GOOD CORPORATE NEWS.

 

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

 

 

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Labels: MAG, MAG-WB

Related Stocks

Chart Stock Name Last Change Volume 
MAG 0.19 -0.005 (2.56%) 34,507,600 
MAG-WB 0.055 -0.005 (8.33%) 17,584,900 

  Be the first to like this.
 
yiqqre Post removed. Why?
29/11/2020 12:36 PM
tnang Anything Bursa Master recommend will sent you to holland. similar to HBGLOB, becareful
30/11/2020 3:51 PM
cchleong Other income of RM3.24 million in 9M2020 came largely from the fair value adjustment on loan to an associate, HXOF, amounting to RM2.98 million.

The 9M2020 results saw an unrealised foreign exchange gain of RM2.76 million, attributed largely to
inter-company balances' exchange rate fluctuations which was a non-cash item.

Please look at the details of the profit. It was not from the prawn business~
30/11/2020 9:22 PM
samiar Best entry price is at 18 to 18.5 sen.
06/12/2020 1:55 PM


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