Key take-aways and insights from MAG Holdings Bhd (0095) Execu | Rakuten Trade Ideas 🎯

Key take-aways and insights from MAG Holdings Bhd (0095) Executive Chairman Stephen Ng Min Lin on Rakuten Trade Ideas Webinar last nite.

-Malaysia's leading (Top 3) aquaculture company in the prawn farming (Vannamei Prawn) and processing company
-recently completed acquisition of North Cube Sdn Bhd for RM200m doubling its capacity to 4,000 mt/y (10% of Malaysia production) and prawn processing capacity of 6,000 mt/y.
-the acquisition comes with profit guarantee of RM18m and management is expecting higher contributions with integrated prawn business model (farming to processing)
- bio-secured environment to minimise bacteria or disease with 1 month interval between production cycles for proper cleaning of ponds
-90% exported with key markets being South Korea 60% and 30% to China with 10% locally to wholesalers, distributors and retailers such as Jaya Grocer, AEON, Tesco
-Gross profit margins of 35-40% for fresh prawns average selling price RM27 per/kg
-expansion into processed prawns "peeled and deveined" and cooked prawns for higher margins wider market reach
-setting up retail units and e-commerce channel for distribution to end customers

MAG Holdings Bhd (0095) 执行主席 Stephen Ng Min Lin 昨晚在Rakuten Trade Ideas 网络研讨会上的主要见解。

- 马来西亚领先的三大水产养殖集团，主要从事虾水产养殖业务（南美白虾）和海产品加工业务。
-最近以 RM200m收购了 North Cube Sdn Bhd ，使其产能增倍至 4,000 公吨/年（占马来西亚产量的 10%）和虾加工产量为 6,000 公吨/年。
- 收购附带 RM18m 的利润保证，管理层期望通过综合商业模式（从养殖到加工）能带来更高的收入
- 生物安全环境，以最大限度地减少细菌或疾病，生产周期间隔 1 个月，以适当清洁池塘
-90% 出口，主要市场为韩国 （占60%） 以及 30% 将出口到中国，其余10%将出口到本地的批发商、分销商和零售商，如 Jaya Grocer、AEON、Tesco
- 鲜虾的毛利率为 35-40% ，平均售价为RM27 /公斤
- 将扩展到加工虾 “去皮去内脏” 和熟虾以获得更高的利润及更广泛的市场覆盖范围
- 将建立零售单位和电子商务渠道以分销给最终客户