MAG Holdings Berhad (0095) delivered a commendable strong Q4 2024, driven by its aquaculture segment. Revenue surged 32.2% YoY to RM67.92 million, compared to RM51.38 million in Q4 2023, with higher prawn sales fueling growth.
Profit before tax (PBT) rose 29.8% YoY to RM10.89 million, from RM8.39 million in the previous year, supported by revenue expansion. Other income for the quarter stood at RM1.29 million, l...

MAG Holdings Berhad (KLSE: MAG, 0095) has cemented itself as Malaysia’s largest integrated prawn aquaculture company, holding an estimated 25% market share.
With 384 cultivation ponds and two processing plants, MAG operates a vertically integrated business model that spans from breeding to processing and distribution.
Its flagship species, the Vannamei prawn, enjoys strong demand both locally and internationally, wi...

Good morning mooers! Here are things you need to know about today's market:
●Markets Climb to All-Time Highs on Predictable Federal Funds Rate Announcement
●Record-high open interest in Bursa Malaysia Derivatives
●Stocks to watch: SunCon, EcoWorld,Top Glove
-moomoo News MY
Wall Street Summary
The markets climbed to all-time highs after Federal Reserve President Jerome Powell unveiled the median target Feder...

The diversification strategy is seen as a way to future-proof the company against risks such as economic downturns and pandemics. Despite challenges, the cargo business is expected to remain profitable in 2024.