MMAG Holdings Bhd
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Quick analysis of MMAG Holdings Bhd (30 sec.)

1. Valuation of MMAG Holdings Bhd (5 min.)

Current price per share

RM0.01

Book Value per Share

RM0.16

2. Growth of MMAG Holdings Bhd (5 min.)

Is MMAG Holdings Bhd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$85.4m	$51.2m	$32.1m	38.6%

How much money is MMAG Holdings Bhd making?

	Current year	Previous year	Grow	Grow %
Making money	-$926.8k	-$2.2m	$1.3m	?
Net Profit Margin	-3.2%	-14.2%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of MMAG Holdings Bhd (5 min.)

4. Comparing to competitors in the Software-Application industry (5 min.)

Industry Rankings (Software-Application)

Fundamentals of MMAG Holdings Bhd

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of MMAG Holdings Bhd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit MMAG Holdings Bhd earns for each RM1 of revenue.

Above 10% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
A Net Profit Margin of -8.7% means that RM-0.09 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of MMAG Holdings Bhd:

The MRQ is -8.7%. The company is making a loss. -1
The TTM is -3.2%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-8.7%	TTM	-3.2%	-5.5%
TTM	-3.2%	YOY	-14.2%	+11.0%
TTM	-3.2%	5Y	-11.1%	+7.9%
5Y	-11.1%	10Y	-11.1%	0.0%

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	-8.7%	-8.0%	-0.7%
TTM	-3.2%	-8.5%	+5.3%
YOY	-14.2%	-6.2%	-8.0%
5Y	-11.1%	-11.6%	+0.5%
10Y	-11.1%	-11.6%	+0.5%

Measures how much net profit MMAG Holdings Bhd earns for each RM1 of revenue.

Revenue is the amount of profit MMAG Holdings Bhd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you RM3. The company does not earn RM3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is RM1.5.

The RM3 you pay for a cup of coffee is called revenue.
The RM1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit MMAG Holdings Bhd earns for each RM1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be used to compare companies within the Software-Application industry.

You typically want a high profit margin. This means that for each RM1 in sales, MMAG Holdings Bhd makes more profit. This shows the investor how efficiently MMAG Holdings Bhd is operating in general and compared to other companies in the same industry. MMAG Holdings Bhd operates in the Software-Application industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of MMAG Holdings Bhd. If profit margins remain low (compared to the Software-Application industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of MMAG Holdings Bhd is -0.09. This means that MMAG Holdings Bhd earned RM-0.09 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Software-Application industry is -8.0%.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare MMAG Holdings Bhd with other companies in the same industry (Software-Application).
Net profit margin should rise over the years.
Can be influenced when MMAG Holdings Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of MMAG Holdings Bhd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of MMAG Holdings Bhd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ MMAG Holdings Bhd = -11,182
Total revenue MRQ MMAG Holdings Bhd = 127,889
RM-11,182 / RM127,889 = -0.09 or -8.7%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient MMAG Holdings Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
-1.4% Return on Assets means that MMAG Holdings Bhd generated RM-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of MMAG Holdings Bhd:

The MRQ is -1.4%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.4%	TTM	-0.5%	-0.8%
TTM	-0.5%	YOY	-3.1%	+2.5%
TTM	-0.5%	5Y	-3.0%	+2.5%
5Y	-3.0%	10Y	-3.0%	0.0%

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	-1.4%	-1.9%	+0.5%
TTM	-0.5%	-2.2%	+1.7%
YOY	-3.1%	-1.4%	-1.7%
5Y	-3.0%	-2.5%	-0.5%
10Y	-3.0%	-2.6%	-0.4%

Shows how efficient MMAG Holdings Bhd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively MMAG Holdings Bhd is using its resources to generate profit. If the return on assets (-1.4%) from MMAG Holdings Bhd are higher than the Software-Application mean (-1.9%) that means MMAG Holdings Bhd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of MMAG Holdings Bhd is -1.4%. This means the company generated RM-0.01 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Software-Application industry is -1.9%.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example MMAG Holdings Bhd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from MMAG Holdings Bhd = -11,182
Total assets MRQ (balance sheet) from MMAG Holdings Bhd = 827,633
-11,182 / 827,633 = -0.01 or -1.4%

ROA is an important ratio as it will tell you how effectively MMAG Holdings Bhd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient MMAG Holdings Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
-2.9% Return on Equity means MMAG Holdings Bhd generated RM-0.03 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of MMAG Holdings Bhd:

The MRQ is -2.9%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -1.1%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-2.9%	TTM	-1.1%	-1.8%
TTM	-1.1%	YOY	-4.5%	+3.4%
TTM	-1.1%	5Y	-4.4%	+3.3%
5Y	-4.4%	10Y	-4.4%	0.0%

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	-2.9%	-2.3%	-0.6%
TTM	-1.1%	-3.6%	+2.5%
YOY	-4.5%	-1.6%	-2.9%
5Y	-4.4%	-3.5%	-0.9%
10Y	-4.4%	-4.3%	-0.1%

Shows how efficient MMAG Holdings Bhd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Software-Application industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of MMAG Holdings Bhd is -2.9%. This means MMAG Holdings Bhd generated RM-0.03 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Software-Application industry is -2.3%.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if MMAG Holdings Bhd existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of MMAG Holdings Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) MMAG Holdings Bhd = -11,182
Shareholders equity (balance sheet) MRQ MMAG Holdings Bhd = 390,826
-11,182 / 390,826 = -0.03 or -2.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of MMAG Holdings Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient MMAG Holdings Bhd is operating .

Measures how much profit MMAG Holdings Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
An Operating Margin of 0.0% means the company generated RM0.00 for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of MMAG Holdings Bhd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	-	-7.3%	+7.3%
TTM	-	-4.7%	+4.7%
YOY	-	-4.1%	+4.1%
5Y	-	-6.2%	+6.2%
10Y	-	-6.7%	+6.7%

Measures how efficient MMAG Holdings Bhd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit MMAG Holdings Bhd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of MMAG Holdings Bhd is 0.0%. This means that MMAG Holdings Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Software-Application industry is -7.3%.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of MMAG Holdings Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ MMAG Holdings Bhd = -16,175
Total revenue MRQ MMAG Holdings Bhd = 127,889
RM-16,175 / RM127,889 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient MMAG Holdings Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Software-Application industry mean).
An Operation Ratio of 2.10 means that the operating costs are RM2.10 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of MMAG Holdings Bhd:

The MRQ is 2.097. The company is inefficient in keeping operating costs low. -1
The TTM is 2.182. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	2.097	TTM	2.182	-0.085
TTM	2.182	YOY	2.219	-0.037
TTM	2.182	5Y	1.886	+0.296
5Y	1.886	10Y	1.886	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	2.097	1.302	+0.795
TTM	2.182	1.321	+0.861
YOY	2.219	1.282	+0.937
5Y	1.886	1.301	+0.585
10Y	1.886	1.239	+0.647

Measures how efficient MMAG Holdings Bhd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of MMAG Holdings Bhd is 209.7%. This means that MMAG Holdings Bhd earned RM2.10 for each RM1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Software-Application industry is 1.30.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example MMAG Holdings Bhd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(126,409 +141,825) \ 127,889 = 2.10

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of MMAG Holdings Bhd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if MMAG Holdings Bhd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Software-Application industry mean).
A Current Ratio of 0.76 means the company has RM0.76 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of MMAG Holdings Bhd:

The MRQ is 0.762. The company is just not able to pay all its short-term debts. -1
The TTM is 0.853. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.762	TTM	0.853	-0.091
TTM	0.853	YOY	1.663	-0.809
TTM	0.853	5Y	1.597	-0.744
5Y	1.597	10Y	1.597	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	0.762	1.742	-0.980
TTM	0.853	1.791	-0.938
YOY	1.663	1.953	-0.290
5Y	1.597	1.894	-0.297
10Y	1.597	1.900	-0.303

Measures if MMAG Holdings Bhd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Software-Application industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for MMAG Holdings Bhd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of MMAG Holdings Bhd is 0.76. This means MMAG Holdings Bhd has RM0.76 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Software-Application industry is 1.74.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example MMAG Holdings Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
149,358 \ 195,996) = 0.76

The current ratio measures if MMAG Holdings Bhd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if MMAG Holdings Bhd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then MMAG Holdings Bhd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate MMAG Holdings Bhd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if MMAG Holdings Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
A Quick Ratio of 0.56 means the company can pay off RM0.56 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of MMAG Holdings Bhd:

The MRQ is 0.556. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.501. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.556	TTM	0.501	+0.055
TTM	0.501	YOY	1.033	-0.532
TTM	0.501	5Y	1.121	-0.621
5Y	1.121	10Y	1.121	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	0.556	1.069	-0.513
TTM	0.501	1.148	-0.647
YOY	1.033	1.429	-0.396
5Y	1.121	1.355	-0.234
10Y	1.121	1.361	-0.240

Measures if MMAG Holdings Bhd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast MMAG Holdings Bhd can pay off its short term debts. This shows if MMAG Holdings Bhd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of MMAG Holdings Bhd is 0.56. This means that MMAG Holdings Bhd can pay off RM0.56 for each RM1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software-Application industry is 1.07.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example MMAG Holdings Bhd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio MMAG Holdings Bhd: (43,747 + 15,305 +49,916) / 195,996 = 0.56

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of MMAG Holdings Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of MMAG Holdings Bhd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare MMAG Holdings Bhd to Software-Application industry mean.
A Debt to Asset Ratio of 0.53 means that MMAG Holdings Bhd assets are financed with 52.8% credit (debt) and the remaining percentage (100% - 52.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of MMAG Holdings Bhd:

The MRQ is 0.528. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.515. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.528	TTM	0.515	+0.013
TTM	0.515	YOY	0.315	+0.200
TTM	0.515	5Y	0.359	+0.156
5Y	0.359	10Y	0.359	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	0.528	0.452	+0.076
TTM	0.515	0.444	+0.071
YOY	0.315	0.446	-0.131
5Y	0.359	0.482	-0.123
10Y	0.359	0.488	-0.129

Measures how much % of MMAG Holdings Bhd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake MMAG Holdings Bhd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare MMAG Holdings Bhd to Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of MMAG Holdings Bhd is 0.53. This means means that MMAG Holdings Bhd is financed with 52.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Software-Application industry is 174.2%.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why MMAG Holdings Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example MMAG Holdings Bhd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
436,807 \ 827,633 = 52.8% or 0.53.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if MMAG Holdings Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare MMAG Holdings Bhd to the Software-Application industry mean.
A Debt to Equity ratio of 111.8% means that company has RM1.12 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of MMAG Holdings Bhd:

The MRQ is 1.118. The company is able to pay all its debts with equity. +1
The TTM is 1.063. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.118	TTM	1.063	+0.055
TTM	1.063	YOY	0.464	+0.599
TTM	1.063	5Y	0.602	+0.460
5Y	0.602	10Y	0.602	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	1.118	0.726	+0.392
TTM	1.063	0.732	+0.331
YOY	0.464	0.687	-0.223
5Y	0.602	0.793	-0.191
10Y	0.602	0.795	-0.193

Measures if MMAG Holdings Bhd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of MMAG Holdings Bhd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of MMAG Holdings Bhd is 1.12. This means that MMAG Holdings Bhd can pay off RM1.12 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software-Application industry is 0.73.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example MMAG Holdings Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
436,807 \ 390,826 = 1.12 or 111.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of MMAG Holdings Bhd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every RM1 in earnings MMAG Holdings Bhd generates.

Above 15 is considered overpriced but always compare MMAG Holdings Bhd to the Software-Application industry mean.
A PE ratio of -5.42 means the investor is paying RM-5.42 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of MMAG Holdings Bhd:

The EOD is -2.166. Company is losing money. -2
The MRQ is -5.416. Company is losing money. -2
The TTM is -4.156. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-2.166	MRQ	-5.416	+3.249
MRQ	-5.416	TTM	-4.156	-1.260
TTM	-4.156	YOY	-33.787	+29.631
TTM	-4.156	5Y	-42.031	+37.875
5Y	-42.031	10Y	-42.031	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
EOD	-2.166	-1.879	-0.287
MRQ	-5.416	-2.712	-2.704
TTM	-4.156	-3.295	-0.861
YOY	-33.787	-6.171	-27.616
5Y	-42.031	-2.245	-39.786
10Y	-42.031	-1.897	-40.134

Measures how much money you pay for each share for every RM1 in earnings MMAG Holdings Bhd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare MMAG Holdings Bhd to the Software-Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of MMAG Holdings Bhd is -5.42. This means the investor is paying RM-5.42 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software-Application industry is -2.71.
What is the trend?
The trend is important because it shows you how MMAG Holdings Bhd is performing over time. The most recent quarter might be important if MMAG Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for MMAG Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example MMAG Holdings Bhd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-11,182 \ 2,422,392 = EPS
PE ratio MRQ = -5.42

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of MMAG Holdings Bhd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of MMAG Holdings Bhd:

The MRQ is 2.100. Seems overpriced? -1
The TTM is 2.185. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	2.100	TTM	2.185	-0.085
TTM	2.185	YOY	-53.906	+56.091
TTM	2.185	5Y	-40.909	+43.094
5Y	-40.909	10Y	-40.909	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
MRQ	2.100	3.574	-1.474
TTM	2.185	4.637	-2.452
YOY	-53.906	10.902	-64.808
5Y	-40.909	29.068	-69.977
10Y	-40.909	41.947	-82.856

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of MMAG Holdings Bhd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Software-Application industry mean).
A PB ratio of 0.15 means the investor is paying RM0.15 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of MMAG Holdings Bhd:

The EOD is 0.062. Very good. +2
The MRQ is 0.155. Very good. +2
The TTM is 0.295. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.062	MRQ	0.155	-0.093
MRQ	0.155	TTM	0.295	-0.140
TTM	0.295	YOY	1.535	-1.240
TTM	0.295	5Y	3.381	-3.086
5Y	3.381	10Y	3.381	0.000

Compared to industry (Software-Application)

Period	Company	Industry (mean)	+/-
EOD	0.062	2.767	-2.705
MRQ	0.155	2.984	-2.829
TTM	0.295	2.975	-2.680
YOY	1.535	4.692	-3.157
5Y	3.381	4.089	-0.708
10Y	3.381	4.365	-0.984

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of MMAG Holdings Bhd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.005	0.016	-68%	0.007	-26%	0.010	-49%	0.010	-49%
Book Value Growth	-	-	1.033	1.158	-11%	1.094	-6%	1.094	-6%	1.094	-6%
Book Value Per Share	-	-	0.161	0.158	+2%	0.097	+67%	0.090	+80%	0.090	+80%
Book Value Per Share Growth	-	-	1.033	1.158	-11%	1.094	-6%	1.094	-6%	1.094	-6%
Current Ratio	-	-	0.762	0.853	-11%	1.663	-54%	1.597	-52%	1.597	-52%
Debt To Asset Ratio	-	-	0.528	0.515	+3%	0.315	+67%	0.359	+47%	0.359	+47%
Debt To Equity Ratio	-	-	1.118	1.063	+5%	0.464	+141%	0.602	+86%	0.602	+86%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.005	-0.002	-62%	-0.004	-7%	-0.003	-35%	-0.003	-35%
Eps Growth	-	-	-2.579	-0.090	-97%	0.831	-410%	0.673	-483%	0.673	-483%
Free Cash Flow Per Share	-	-	0.003	0.000	+552%	-0.002	+155%	-0.005	+273%	-0.005	+273%
Free Cash Flow Per Share Growth	-	-	0.085	-2.603	+3149%	0.794	-89%	-0.359	+521%	-0.359	+521%
Free Cash Flow To Equity Per Share	-	-	-0.008	0.002	-512%	0.008	-207%	0.002	-443%	0.002	-443%
Free Cash Flow To Equity Per Share Growth	-	-	-0.375	2.424	-115%	1.539	-124%	9.132	-104%	9.132	-104%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	0.196	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-0.352	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.004	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.017	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	0.025	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.067	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	0.059	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.135	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-0.087	-0.032	-63%	-0.142	+63%	-0.111	+27%	-0.111	+27%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	2.097	2.182	-4%	2.219	-5%	1.886	+11%	1.886	+11%
Pb Ratio	0.062	-150%	0.155	0.295	-47%	1.535	-90%	3.381	-95%	3.381	-95%
Pe Ratio	-2.166	+60%	-5.416	-4.156	-23%	-33.787	+524%	-42.031	+676%	-42.031	+676%
Peg Ratio	-	-	2.100	2.185	-4%	-53.906	+2667%	-40.909	+2048%	-40.909	+2048%
Price Per Share	0.010	-150%	0.025	0.046	-46%	0.145	-83%	0.204	-88%	0.204	-88%
Price To Total Gains Ratio	1.947	-150%	4.866	0.201	+2323%	8.953	-46%	-55.484	+1240%	-55.484	+1240%
Profit Growth	-	-	-2.579	-0.090	-97%	0.831	-410%	0.673	-483%	0.673	-483%
Quick Ratio	-	-	0.556	0.501	+11%	1.033	-46%	1.121	-50%	1.121	-50%
Return On Assets	-	-	-0.014	-0.005	-60%	-0.031	+128%	-0.030	+125%	-0.030	+125%
Return On Equity	-	-	-0.029	-0.011	-62%	-0.045	+57%	-0.044	+55%	-0.044	+55%
Revenue Growth	-	-	1.409	1.150	+22%	1.182	+19%	1.109	+27%	1.109	+27%
Total Gains Per Share	-	-	0.005	0.016	-68%	0.007	-26%	0.010	-49%	0.010	-49%
Total Gains Per Share Growth	-	-	7.016	5.040	+39%	0.651	+978%	1.909	+267%	1.909	+267%
Usd Book Value	-	-	85434563.600	83413450.301	+2%	51232923.496	+67%	47588974.075	+80%	47588974.075	+80%
Usd Book Value Change Per Share	-	-	0.001	0.003	-68%	0.002	-26%	0.002	-49%	0.002	-49%
Usd Book Value Per Share	-	-	0.035	0.034	+2%	0.021	+67%	0.020	+80%	0.020	+80%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.001	0.000	-62%	-0.001	-7%	-0.001	-35%	-0.001	-35%
Usd Free Cash Flow	-	-	1521456.000	233278.662	+552%	-840967.043	+155%	-2636463.213	+273%	-2636463.213	+273%
Usd Free Cash Flow Per Share	-	-	0.001	0.000	+552%	0.000	+155%	-0.001	+273%	-0.001	+273%
Usd Free Cash Flow To Equity Per Share	-	-	-0.002	0.000	-512%	0.002	-207%	0.001	-443%	0.001	-443%
Usd Price Per Share	0.002	-150%	0.005	0.010	-46%	0.032	-83%	0.045	-88%	0.045	-88%
Usd Profit	-	-	-2444385.200	-926870.558	-62%	-2275298.100	-7%	-1596546.740	-35%	-1596546.740	-35%
Usd Revenue	-	-	27956535.400	21246764.153	+32%	20015781.100	+40%	16204160.151	+73%	16204160.151	+73%
Usd Total Gains Per Share	-	-	0.001	0.003	-68%	0.002	-26%	0.002	-49%	0.002	-49%
	EOD	+2 -3	MRQ	TTM	+17 -21	YOY	+15 -23	5Y	+16 -22	10Y	+16 -22

3.2. Fundamental Score

Let's check the fundamental score of MMAG Holdings Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-2.166
Price to Book Ratio (EOD)	Between	0-1	0.062
Net Profit Margin (MRQ)	Greater than	0	-0.087
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.556
Current Ratio (MRQ)	Greater than	1	0.762
Debt to Asset Ratio (MRQ)	Less than	1	0.528
Debt to Equity Ratio (MRQ)	Less than	1	1.118
Return on Equity (MRQ)	Greater than	0.15	-0.029
Return on Assets (MRQ)	Greater than	0.05	-0.014
Total			2/10 (20.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of MMAG Holdings Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.781
Ma 20	Greater than	Ma 50	0.013
Ma 50	Greater than	Ma 100	0.016
Ma 100	Greater than	Ma 200	0.017
Open	Greater than	Close	0.010
Total			0/5 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in MYR. All numbers in thousands.

Summary

Total Assets	827,633
Total Liabilities	436,807
Total Stockholder Equity	390,826

	As reported
Total Liabilities	436,807
Total Stockholder Equity	+ 390,826
Total Assets	= 827,633

Assets

Total Assets	827,633
Total Current Assets	149,358
Long-term Assets	149,358

Total Current Assets

Total Current Assets (as reported)	149,358
Cash And Cash Equivalents	28,442
Short-term Investments	15,305
Net Receivables	49,916
Inventory	9,131
Total Current Assets (calculated)	102,794
+/-	46,564

Long-term Assets

Long-term Assets (as reported)	678,275
Property Plant Equipment	390,529
Goodwill	37,226
Intangible Assets	120
Other Assets	4,155
Long-term Assets (calculated)	432,030
+/-	246,245

Liabilities & Shareholders' Equity

Total Current Liabilities	195,996
Long-term Liabilities	252,111
Total Stockholder Equity	390,826

Total Current Liabilities

Total Current Liabilities (as reported)	195,996
Short Long Term Debt	15,435
Accounts payable	49,778
Total Current Liabilities (calculated)	65,213
+/-	130,783

Long-term Liabilities

Long-term Liabilities (as reported)	252,111
Long term Debt Total	252,101
Long-term Liabilities (calculated)	252,101
+/-	10

Total Stockholder Equity

Total Stockholder Equity (as reported)	390,826
Common Stock	320,176
Retained Earnings	70,650
Total Stockholder Equity (calculated)	390,826
+/-	0

Other

Capital Stock	320,176
Cash and Short Term Investments	43,747
Common Stock Shares Outstanding	2,422,392
Liabilities and Stockholders Equity	827,633
Net Invested Capital	406,261
Net Working Capital	-46,638

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

> Total Assets

165,320
155,494
160,929
164,612
163,398
210,620
211,619
231,755
306,040
325,416
378,442
364,145
803,242
759,028
758,539
827,633

827,633

758,539

759,028

803,242

364,145

378,442

325,416

306,040

231,755

211,619

210,620

163,398

164,612

160,929

155,494

165,320

> Total Current Assets

65,862
53,494
45,571
47,591
45,002
92,911
87,443
94,292
90,512
102,348
116,297
101,294
142,424
112,460
120,428
149,358

149,358

120,428

112,460

142,424

101,294

116,297

102,348

90,512

94,292

87,443

92,911

45,002

47,591

45,571

53,494

65,862

Cash And Cash Equivalents

0
0
0
0
3,808
39,282
11,002
10,602
17,127
15,787
21,006
11,625
12,840
9,436
11,189
28,442

28,442

11,189

9,436

12,840

11,625

21,006

15,787

17,127

10,602

11,002

39,282

3,808

Short-term Investments

0
0
0
0
2,277
0
22,077
12,077
4,780
3,035
10,035
9,955
9,705
11,205
4,205
15,305

15,305

4,205

11,205

9,705

9,955

10,035

3,035

4,780

12,077

22,077

2,277

Net Receivables

24,456
20,077
22,669
25,957
27,422
31,129
34,077
30,420
28,600
29,894
43,157
41,669
32,672
37,791
47,592
49,916

49,916

47,592

37,791

32,672

41,669

43,157

29,894

28,600

30,420

34,077

31,129

27,422

25,957

22,669

20,077

24,456

Inventory

1,168
2,062
4,745
7,837
3,501
3,004
1,431
1,672
2,881
7,143
6,053
4,711
10,536
6,762
6,417
9,131

9,131

6,417

6,762

10,536

4,711

6,053

7,143

2,881

1,672

1,431

3,004

3,501

7,837

4,745

2,062

1,168

> Long-term Assets

0
0
0
0
118,396
117,709
124,176
137,463
215,528
223,068
262,145
262,851
660,819
646,568
638,111
678,275

678,275

638,111

646,568

660,819

262,851

262,145

223,068

215,528

137,463

124,176

117,709

118,396

Property Plant Equipment

76,090
78,617
78,738
78,028
81,705
80,765
104,051
118,790
111,896
114,294
116,382
115,232
344,301
337,664
331,386
390,529

390,529

331,386

337,664

344,301

115,232

116,382

114,294

111,896

118,790

104,051

80,765

81,705

78,028

78,738

78,617

76,090

Goodwill

9,845
9,845
9,845
9,845
9,845
9,845
10,583
10,594
10,383
10,383
41,018
41,771
37,226
37,226
37,226
37,226

37,226

41,771

41,018

10,383

10,594

10,583

9,845

Intangible Assets

577
577
577
577
577
602
602
602
120
120
2,979
4,265
120
120
120
120

120

4,265

2,979

120

602

577

> Total Liabilities

43,321
37,893
44,332
53,666
62,633
75,302
64,437
62,775
86,964
90,988
130,436
128,182
426,990
378,166
380,158
436,807

436,807

380,158

378,166

426,990

128,182

130,436

90,988

86,964

62,775

64,437

75,302

62,633

53,666

44,332

37,893

43,321

> Total Current Liabilities

25,870
20,853
27,442
37,690
44,590
57,571
39,806
35,769
45,105
48,945
85,928
84,446
169,594
127,314
129,713
195,996

195,996

129,713

127,314

169,594

84,446

85,928

48,945

45,105

35,769

39,806

57,571

44,590

37,690

27,442

20,853

25,870

Short Long Term Debt

0
0
0
0
14,765
14,948
379
382
3,899
11,344
392
396
20,549
17,399
16,437
15,435

15,435

16,437

17,399

20,549

396

392

11,344

3,899

382

379

14,948

14,765

Accounts payable

0
0
0
0
2,659
2,418
6,747
3,029
9,137
5,848
25,247
18,697
28,725
29,384
38,589
49,778

49,778

38,589

29,384

28,725

18,697

25,247

5,848

9,137

3,029

6,747

2,418

2,659

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
22,803
0
0
0

22,803

> Long-term Liabilities

0
0
0
0
17,924
17,526
20,247
22,645
35,534
35,171
34,933
34,616
255,846
255,815
255,655
252,111

252,111

255,655

255,815

255,846

34,616

34,933

35,171

35,534

22,645

20,247

17,526

17,924

Long term Debt Total

15,502
15,149
15,029
14,172
16,023
0
18,344
20,742
34,142
33,778
33,540
33,223
254,885
254,854
254,694
252,101

252,101

254,694

254,854

254,885

33,223

33,540

33,778

34,142

20,742

18,344

16,023

14,172

15,029

15,149

15,502

> Total Stockholder Equity

121,999
117,601
116,597
110,946
100,765
135,318
147,182
168,980
219,076
234,428
248,006
235,963
376,252
380,862
378,381
390,826

390,826

378,381

380,862

376,252

235,963

248,006

234,428

219,076

168,980

147,182

135,318

100,765

110,946

116,597

117,601

121,999

Common Stock

134,528
134,528
140,288
141,714
141,774
193,625
204,401
238,687
246,330
247,502
270,547
270,547
270,547
294,561
294,561
320,176

320,176

294,561

270,547

247,502

246,330

238,687

204,401

193,625

141,774

141,714

140,288

134,528

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
28
29
29
23
0
0
0

Balance Sheet

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Accounts Payable	28,725	9,137	2,659	1,614	7,320	-	-
Capital Lease Obligations	292,716	41,598	18,065	14,850	5,627	-	-
Capital Stock	271,302	247,783	159,027	153,551	-	-	-
Cash	12,840	17,127	3,808	3,338	3,559	4,427	-
Cash And Short Term Investments	22,545	21,908	6,085	29,810	67,819	14,635	9,717
Common Stock	270,547	246,330	141,774	134,528	89,140	115,204	95,380
Common Stock Shares Outstanding	1,312,470	1,132,595	718,312	682,420	455,502	244,486	-
Good Will	37,226	10,383	9,845	9,845	9,413	9,413	9,781
Intangible Assets	120	120	577	577	0	8,663	10,800
Inventory	10,536	2,881	3,501	1,168	1,230	21,133	15,307
Liabilities And Stockholders Equity	803,242	306,040	163,398	165,320	140,601	116,121	-
Long Term Debt	2,806	3,234	3,391	3,753	3,988	4,316	6,302
Long Term Debt Total	254,885	34,142	16,024	15,502	8,519	7,501	8,045
Net Debt	10,515	-	14,349	732	754	-	-
Net Invested Capital	398,853	224,757	101,668	107,045	83,574	-	-
Net Receivables	32,672	28,600	27,422	24,456	14,433	16,194	32,964
Net Working Capital	-27,170	45,407	412	39,993	67,431	-	-
Non Current Assets Total	660,819	215,528	118,396	99,458	51,111	-	-
Non Current Liabilities Total	255,846	35,534	17,924	17,138	8,914	-	-
Other Assets	4,435	880	580	1,580	2,867	1,000	1,000
Other Current Assets	41,504	2,000	-	-	-	-	-
Other Current Liab	22,803	-	-	-	-	-	-
Other Stockholder Equity	23	-	-	-	-	-	-
Property Plant Equipment	344,301	111,896	81,705	76,090	33,101	26,813	26,398
Retained Earnings	-70,294	-28,707	-58,262	-31,552	-9,878	-68,585	-27,394
Short Long Term Debt	20,549	3,899	14,765	317	326	-	-
Short Long Term Debt Total	-	34,142	16,024	15,502	8,519	7,501	8,045
Short Term Debt	0	0	0	0	0	0	-
Short Term Investments	9,705	4,780	2,277	26,473	64,260	10,208	-
Total Assets	803,242	306,040	163,398	165,320	140,601	116,121	121,026
Total Current Assets	142,424	92,512	45,002	65,282	89,489	63,821	63,884
Total Current Liabilities	169,594	45,105	44,590	25,870	22,059	61,924	44,806
Total Liab	426,990	86,964	62,633	43,321	30,973	69,502	53,040
Total Stockholder Equity	376,252	219,076	100,765	121,999	109,628	46,619	67,986

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Accounts Payable	49,778	38,589	29,384	28,725	18,697	25,247	5,848	9,137	3,029	6,747	2,418	2,659	-	-	-	-
Capital Lease Obligations	334,391	277,082	285,995	292,716	36,689	37,707	38,990	41,598	31,757	26,268	17,486	18,065	-	-	-	-
Capital Stock	320,176	295,250	295,250	271,302	271,301	271,301	248,939	-	-	-	-	-	-	-	-	-
Cash	28,442	11,189	9,436	12,840	11,625	21,006	15,787	17,127	10,602	11,002	39,282	3,808	-	-	-	-
Cash And Short Term Investments	43,747	15,394	20,641	22,545	21,580	31,041	18,822	21,908	22,679	33,079	39,862	6,085	6,164	6,593	14,768	30,390
Common Stock	320,176	294,561	294,561	270,547	270,547	270,547	247,502	246,330	238,687	204,401	193,625	141,774	141,714	140,288	134,528	134,528
Common Stock Shares Outstanding	2,422,392	1,703,173	1,703,173	1,312,470	1,312,470	1,312,470	1,132,909	1,132,595	1,113,185	1,030,194	1,011,662	718,312	713,711	699,600	680,920	1,606,957
Good Will	37,226	37,226	37,226	37,226	41,771	41,018	10,383	10,383	10,594	10,583	9,845	9,845	9,845	9,845	9,845	9,845
Intangible Assets	120	120	120	120	4,265	2,979	120	120	602	602	602	577	577	577	577	577
Inventory	9,131	6,417	6,762	10,536	4,711	6,053	7,143	2,881	1,672	1,431	3,004	3,501	7,837	4,745	2,062	1,168
Liabilities And Stockholders Equity	827,633	758,539	759,028	803,242	364,145	378,442	325,416	306,040	-	-	-	-	-	-	-	-
Long Term Debt	0	2,596	2,705	2,806	2,936	3,037	3,136	3,234	3,292	3,389	3,299	3,391	3,505	3,589	3,671	3,753
Long Term Debt Total	252,101	254,694	254,854	254,885	33,223	33,540	33,778	34,142	20,742	18,344	-	16,023	14,172	15,029	15,149	15,502
Net Debt	-	7,844	10,668	10,515	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	406,261	396,725	400,277	398,853	238,541	250,681	247,471	224,757	171,172	149,193	149,275	101,668	-	-	-	-
Net Receivables	49,916	47,592	37,791	32,672	41,669	43,157	29,894	28,600	30,420	34,077	31,129	27,422	25,957	22,669	20,077	24,456
Net Working Capital	-46,638	-9,285	-14,854	-27,170	16,848	30,369	53,403	45,407	58,523	47,637	35,340	412	-	-	-	-
Non Current Assets Total	678,275	638,111	646,568	660,819	262,851	262,145	223,068	215,528	137,463	124,176	117,709	118,396	-	-	-	-
Non Current Liabilities Total	252,111	255,655	255,815	255,846	34,616	34,933	35,171	35,534	22,645	20,247	17,526	17,924	-	-	-	-
Other Assets	4,155	4,155	4,435	4,435	880	880	880	2,880	580	580	580	580	-	1,000	1,000	1,000
Other Current Assets	0	0	-	41,504	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	-	-	-	22,803	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	-	-	-	23	29	29	28	-	-	-	-	-	-	-	-	-
Property Plant Equipment	390,529	331,386	337,664	344,301	115,232	116,382	114,294	111,896	118,790	104,051	80,765	81,705	78,028	78,738	78,617	76,090
Retained Earnings	70,650	83,131	85,612	-70,294	-100,390	-88,347	-79,562	-28,707	-71,189	-58,976	-62,597	-58,262	-48,036	-41,274	-35,950	-31,552
Short Long Term Debt	15,435	16,437	17,399	20,549	396	392	11,344	3,899	382	379	14,948	14,765	-	-	-	-
Short Long Term Debt Total	-	-	-	-	-	33,540	33,778	34,142	20,742	18,344	15,626	16,024	14,172	-	-	-
Short Term Debt	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Short Term Investments	15,305	4,205	11,205	9,705	9,955	10,035	3,035	4,780	12,077	22,077	-	2,277	-	-	-	-
Total Assets	827,633	758,539	759,028	803,242	364,145	378,442	325,416	306,040	231,755	211,619	210,620	163,398	164,612	160,929	155,494	165,320
Total Current Assets	149,358	120,428	112,460	142,424	101,294	116,297	102,348	90,512	94,292	87,443	92,911	45,002	47,591	45,571	53,494	65,862
Total Current Liabilities	195,996	129,713	127,314	169,594	84,446	85,928	48,945	45,105	35,769	39,806	57,571	44,590	37,690	27,442	20,853	25,870
Total Liab	436,807	380,158	378,166	426,990	128,182	130,436	90,988	86,964	62,775	64,437	75,302	62,633	53,666	44,332	37,893	43,321
Total Stockholder Equity	390,826	378,381	380,862	376,252	235,963	248,006	234,428	219,076	168,980	147,182	135,318	100,765	110,946	116,597	117,601	121,999

Cash Flow

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Begin Period Cash Flow	21,908	6,085	29,810	67,239	14,635	-	-
Capital Expenditures	24,032	36,432	4,986	32,523	8,516	699	10,537
Change In Cash	482	15,823	-23,726	-37,429	53,184	4,919	-7,491
Change In Working Capital	32,795	-16,210	-6,084	-11,233	-6,305	12,854	16,155
Change To Inventory	-7,449	595	-2,332	62	19,902	-	-
Depreciation	31,599	13,532	9,436	4,591	2,973	2,861	2,576
End Period Cash Flow	22,389	21,908	6,085	29,810	67,819	14,635	-
Free Cash Flow	-12,452	-80,117	-23,698	-57,917	-18,144	-	-
Investments	-46,024	-6,266	-17,881	-43,388	-8,455	-	-
Issuance Of Capital Stock	23,087	85,366	5,408	34,040	-	-	-
Net Income	-33,654	-22,904	-28,072	-22,283	-17,697	-21,561	-18,962
Other Cashflows From Financing Activities	16,664	-14,876	-1,361	-872	-	-	-
Other Cashflows From Investing Activities	-21,993	30,167	-12,895	-10,865	61	1,997	2,857
Other Non Cash Items	6,540	2,331	1,742	-1,050	-28	-	-
Sale Purchase Of Stock	23,087	85,366	5,408	34,040	81,030	-	-
Total Cash From Financing Activities	34,970	53,670	12,860	30,667	71,266	-1,073	-3,694
Total Cash From Operating Activities	11,579	-31,612	-18,712	-24,522	-9,627	4,693	3,864
Total Cashflows From Investing Activities	-46,024	-6,266	-17,881	-43,388	-8,455	1,299	-7,679

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Begin Period Cash Flow	15,189	20,436	22,389	21,580	31,041	18,822	21,908	22,679	33,079	39,862	6,085	5,584	-	-	-	-
Capital Expenditures	16,461	11,657	5,405	24,032	14,514	11,485	7,069	36,432	29,043	18,176	1,427	4,986	4,049	3,002	2,044	32,523
Change In Cash	21,153	-7,200	-1,953	482	-327	9,134	-3,085	15,823	16,594	26,994	33,777	-23,726	-24,227	-23,798	-15,623	-37,429
Change In Working Capital	9,882	-2,554	-52,539	32,795	17,908	14,430	-16,176	-28,283	-36,154	-11,874	-984	-6,084	4,491	-	-	-
Change To Inventory	-2,766	342	4,006	-5,896	1,340	1,369	-4,262	-1,233	-242	1,573	497	4,337	-	-	-	-
End Period Cash Flow	43,542	15,189	20,436	22,389	21,580	31,041	18,822	21,908	22,679	33,079	39,862	6,085	5,584	-	-	-
Free Cash Flow	6,960	81,519	-79,419	-4,791	-5,050	22,940	-25,551	-7,727	-39,265	-29,168	-3,957	-12,546	-	-	-	-
Investments	16,458	-30,479	37,000	-30,162	-3,783	-22,891	10,812	-5,726	-10,007	11,209	-1,742	2,977	-	-	-	-
Issuance Of Capital Stock	20,526	0	23,949	0	0	22,363	724	-	-	-	-	-	-	-	-	-
Net Income	-26,505	-10,415	-7,753	-33,654	-27,521	-16,083	-6,812	-22,904	-8,039	1,034	-4,256	-28,072	-18,242	-11,261	-5,987	-22,283
Other Cashflows From Financing Activities	-37,698	-31,014	22,673	16,664	-2,229	-1,460	-820	-2,803	717	1,318	-342	-1,361	1,000	-	-	-
Other Cashflows From Investing Activities	39,440	18,178	42,405	-21,993	-1,348	-594	17,881	30,167	28,503	27,643	-315	-12,895	-16,809	-13,045	4	-10,865
Other Non Cash Items	15,418	40,448	-13,722	-9,926	5,939	6,021	4,506	1,485	4,955	-6,819	2,710	-4,906	-	-	-	-
Sale Purchase Of Stock	44,475	23,949	23,949	23,087	23,087	23,087	724	85,366	77,763	46,881	38,888	5,408	5,363	4,320	-	34,040
Total Cash From Financing Activities	-27,241	-27,399	35,097	34,970	8,678	12,335	4,584	65,742	60,488	32,485	38,057	12,860	3,633	2,513	-873	31,539
Total Cash From Operating Activities	25,521	13,757	-74,014	11,579	6,853	8,874	-18,482	-43,685	-43,347	-14,949	-2,530	-18,712	-7,103	-10,144	-12,656	-25,394
Total Cashflows From Investing Activities	22,979	6,521	37,000	-46,024	-15,862	-12,079	10,812	-6,266	-540	9,467	-1,742	-17,881	-20,858	-16,047	-2,040	-43,388

Income Statement

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cost Of Revenue	397,859	222,973	184,620	77,906	137,814	243,490	227,827
Ebitda	5,636	-6,761	-16,275	-16,821	-5,404	-	-
Gross Profit	-11,981	-178	-2,080	-2,812	3,369	4,482	6,012
Income Before Tax	-33,654	-22,904	-28,072	-22,283	-17,697	-21,561	-18,962
Interest Expense	29,178	105	237	872	0	0	0
Interest Income	6,961	2,023	5,029	4,615	660	1,090	-
Minority Interest	9,604	-48	196	110	-318	-	-
Net Income	-22,654	-23,096	-27,880	-22,176	-18,021	-21,430	-18,723
Net Income Applicable To Common Shares	-22,654	-23,096	-27,880	-22,176	-18,021	-21,430	-18,723
Net Income From Continuing Ops	-32,258	-23,048	-28,075	-22,286	-17,703	-	-
Net Interest Income	-6,916	-2,398	-2,124	-872	-660	-	-
Operating Income	-26,693	-20,881	-23,043	-17,669	-17,037	-20,471	-18,962
Reconciled Depreciation	32,329	13,639	9,436	4,591	11,634	-	-
Selling General Administrative	44,407	32,007	21,390	15,947	21,871	21,822	22,403
Tax Provision	-1,395	144	3	3	6	-12	21
Total Operating Expenses	442,151	254,980	206,010	93,853	159,686	-	-
Total Revenue	385,878	222,795	182,541	75,094	141,184	247,972	233,839

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31
Cost Of Revenue	126,409	84,686	96,634	85,759	83,921	130,500	97,679	55,574	64,374	59,816	43,209	45,716	59,238	44,460	35,206	77,906
Ebitda	-8,986	3,663	-1,365	-1,401	-7,766	-5,791	-3,507	-14,145	-6,530	7,641	-2,578	-8,758	-	-	-	-
Gross Profit	1,480	6,109	4,407	-16,705	-824	3,620	1,928	-6,144	1,837	2,777	1,352	-1,400	575	-434	-820	-2,813
Income Before Tax	-16,090	-2,662	-7,753	-6,133	-11,438	-9,271	-6,812	-14,865	-9,073	5,290	-4,256	-9,830	-6,981	-5,274	-5,987	-22,283
Interest Expense	4,175	2,565	3,111	5,212	814	775	830	725	614	829	339	1,070	676	28	42	2,794
Interest Income	85	47	15	17	3	2	22	437	94	41	21	2,521	503	-	-	-
Minority Interest	3,966	247	326	8,722	299	486	97	84	15	-64	-	-	-	-	-	-
Net Income	-11,182	-2,442	-7,427	4,091	-11,231	-8,785	-6,729	-14,889	-9,086	5,218	-4,339	-9,785	-6,923	-5,247	-5,924	-22,176
Net Income Applicable To Common Shares	-11,182	-2,442	-7,427	4,091	-11,231	-8,785	-6,729	-14,889	-9,086	5,218	-4,339	-9,785	-6,923	-5,247	-5,924	-22,176
Net Income From Continuing Ops	-15,148	-2,689	-7,753	-4,631	-11,530	-9,271	-6,826	-14,973	-9,101	5,282	-4,256	-9,833	-	-	-	-
Net Interest Income	-3,590	-2,960	-3,096	-4,714	-766	-638	-798	-708	-572	-797	-321	-1,064	-	-	-	-
Operating Income	-16,175	-2,709	-7,768	-6,150	-11,441	-9,273	-6,834	-15,302	-9,167	5,249	-4,277	-7,309	-6,478	-5,274	-5,987	-22,283
Reconciled Depreciation	3,429	3,318	3,277	-	2,903	2,840	2,485	-	1,942	1,511	1,336	-	-	-	-	-
Selling General Administrative	0	0	14	1,740	351	0	0	1,706	-	-	1	634	-	-	-	1,241
Tax Provision	-942	27	0	-1,501	92	0	14	108	28	8	0	3	-	-	-	3
Total Operating Expenses	141,825	88,004	108,550	100,549	93,373	142,618	107,245	75,394	74,601	56,515	48,498	64,821	-	-	-	-
Total Revenue	127,889	90,795	101,041	69,054	83,097	134,120	99,607	49,430	66,211	62,593	44,561	44,316	59,813	44,026	34,386	75,093

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	385,878
Cost of Revenue	-397,859
Gross Profit	-11,981	-11,981

Operating Income (+$)
Gross Profit	-11,981
Operating Expense	-442,151
Operating Income	-26,693	-454,132

Operating Expense (+$)
Research Development	-
Selling General Administrative	44,407
Selling And Marketing Expenses	-
Operating Expense	442,151	44,407

Net Interest Income (+$)
Interest Income	6,961
Interest Expense	-29,178
Other Finance Cost	-15,302
Net Interest Income	-6,916

Pretax Income (+$)
Operating Income	-26,693
Net Interest Income	-6,916
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-33,654	-26,693 EBIT - interestExpense = -29,178 -22,654 6,524
Interest Expense	29,178
Earnings Before Interest and Taxes (EBIT)	-	-4,475
Earnings Before Interest and Taxes (EBITDA)	5,636

After tax Income (+$)
Income Before Tax	-33,654
Tax Provision	--1,395
Net Income From Continuing Ops	-32,258	-32,258
Net Income	-22,654
Net Income Applicable To Common Shares	-22,654

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	6,916

Technicals of MMAG Holdings Bhd

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

MMAG Holdings Bhd Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of MMAG Holdings Bhd:

The Moving Average Convergence/Divergence (MACD) is -0.002. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
The MACD is lower than the signal line. This is a bearish indication. -1

MMAG Holdings Bhd Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of MMAG Holdings Bhd:

The ADX is 65.508. Very Strong Trend. +2
The ADX is rising, the current trend is strengthening. +1
The +DI is lower than the -DI. The current trend is down. -2

MMAG Holdings Bhd Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The price has crossed the Parabolic SAR to the upside. The trend is reversing to an up trend. +1

MMAG Holdings Bhd Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

MMAG Holdings Bhd Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1

MMAG Holdings Bhd Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

MMAG Holdings Bhd Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

MMAG Holdings Bhd Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

MMAG Holdings Bhd Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

MMAG Holdings Bhd Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

MMAG Holdings Bhd Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

MMAG Holdings Bhd Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

MMAG Holdings Bhd Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for MMAG Holdings Bhd.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-22	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-05-24	STOCH	SHORT ENTRY	LONG CLOSE	80 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE
2023-05-25	STOCH	LONG ENTRY	SHORT CLOSE	20 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE
	MFI	20 crossover to downside
2023-05-26	MACD	LONG ENTRY	SHORT CLOSE
	STOCH	SHORT ENTRY	LONG CLOSE	80 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE
2023-05-30	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE
2023-05-31	MACD	SHORT ENTRY	LONG CLOSE
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	20 crossover to downside
2023-06-01	SAR	SHORT ENTRY	LONG CLOSE	price crossed sar to downside