MAG Holdings Berhad
MMYX:MAG0.16
MYR
+0.01
(+3.23%)
ISIN
MYQ0095OO008
Return %
Stock
S&P 500
1Y
-5.88
14.20
3Y
-20.00
81.12
5Y
-21.95
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jul 29, 2005
- Website
- magholdings.com.my
- Similar Companies
- Business
- MAG Holdings Berhad is an integrated aquaculture and seafood production company based in Malaysia, engaged primarily in the breeding, farming, processing, and trading of premium prawn and shrimp products. The company operates vertically integrated marine aquaculture facilities across two core business segments: Aquaculture and Processing & Trading. Its product and service portfolio encompasses the intensive cultivation, rearing, and harvesting of Pacific whiteleg shrimp (Litopenaeus vannamei); the production of fresh, chilled, and individually quick-frozen (IQF) whole prawns; value-added seafood processing including head-on shell-on (HOSO), headless shell-on (HLSO), peeled and deveined (P&D), peeled tail-on (PTO), and cooked prawn varieties; seafood cold chain logistics, blast freezing, and cold storage warehousing; customized packaging for commercial clients; and the wholesale distribution, domestic marketing, and international trading of marine seafood products. MAG Holdings Berhad conducts its primary operations from large-scale aquaculture estates in Tawau, Sabah, Malaysia, including the Wakuba and Umas (North Cube) aquaculture farms, which span hundreds of cultivation ponds and integrated processing plants. The group caters to commercial food service distributors, wholesalers, retail supermarket chains, and seafood importers across Malaysia and key international export markets, including China, Japan, South Korea, Australia, North America, and the European Union. Founded in 2004 and formerly known as XingHe Holdings Berhad before rebranding to MAG Holdings Berhad in August 2020 following a strategic pivot away from edible oil operations into aquaculture, the company is headquartered in Kuala Lumpur, Malaysia, and operates through principal subsidiaries such as North Cube Sdn. Bhd., MAG Aquaculture Sdn. Bhd., MAG Marine Food Sdn. Bhd., and Supreme Global Group Limited. In recent developments, MAG Holdings Berhad expanded its production footprint through the strategic acquisition of aquaculture farm assets and land from Pegagau Aquaculture Sdn. Bhd. via its subsidiary North Cube Sdn. Bhd., following the earlier integration of North Cube's processing and farming infrastructure. The company also broadened its regional presence through an investment and joint venture agreement with Lim Shrimp Aquapolis Pte Ltd to establish integrated shrimp aquaculture and processing operations on Sumbawa Island, Indonesia. To improve operational efficiency and environmental sustainability, MAG Holdings Berhad has implemented smart aquaculture monitoring systems, upgraded biosecurity and water filtration infrastructure, deployed floating solar photovoltaic installations across its aquaculture ponds, and aligned its financial reporting period to a December 31 fiscal year-end.