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0 High stock price volatility
Vol 12M is 338%
1 Key risks
MGN key risks include [1] significant financial decline and potential bankruptcy risk, Show more.
0 High stock price volatility
Vol 12M is 338%
1 Key risks
MGN key risks include [1] significant financial decline and potential bankruptcy risk, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Megan (MGN) stock has gained about 20% since 10/31/2025 because of the following key factors:

1. Strategic Funding for Expansion and Technology Development.

Megan Holdings announced plans for a follow-on Nasdaq offering to raise additional capital, specifically earmarked for growth initiatives and the development of its "Smart Farming System," alongside potential merger and acquisition activities. This strategic move signaled the company's commitment to expanding its core aquaculture and agriculture services and investing in technological advancements to enhance productivity, which likely generated positive investor sentiment.

2. Shareholder Approval of Corporate Governance Changes.

Shareholders approved significant corporate changes, including the adoption of a dual-class share structure and authorization for new merger and acquisition pursuits. This enhancement of corporate flexibility and the potential for strategic M&A to accelerate growth within its specialized aquaculture and agriculture sectors likely contributed to increased investor confidence.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

10/31/2025 to 2/15/2026
ReturnCorrelation
MGN21.1% 
Market (SPY)-0.0%28.3%
Sector (XLI)12.3%21.4%

Fundamental Drivers

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Market Drivers

7/31/2025 to 2/15/2026
ReturnCorrelation
MGN83.2% 
Market (SPY)8.2%21.4%
Sector (XLI)15.1%18.7%

Fundamental Drivers

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Market Drivers

1/31/2025 to 2/15/2026
ReturnCorrelation
MGN83.2% 
Market (SPY)14.3%21.4%
Sector (XLI)27.2%18.7%

Fundamental Drivers

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Market Drivers

1/31/2023 to 2/15/2026
ReturnCorrelation
MGN83.2% 
Market (SPY)74.0%21.4%
Sector (XLI)78.5%18.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MGN Return0%0%0%0%36%36%86%
Peers Return-29%-77%-42%-18%46%-26%-92%
S&P 500 Return27%-19%24%23%16%-0%82%

Monthly Win Rates [3]
MGN Win Rate0%0%0%0%17%100% 
Peers Win Rate28%21%40%33%57%0% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MGN Max Drawdown0%0%0%0%0%-3% 
Peers Max Drawdown-35%-78%-57%-37%-44%-29% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NCRA, AGRZ, VFF, LOCL, HYFM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)

How Low Can It Go

Unique KeyEventMGNS&P 500
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-91.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1037.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to NCRA, AGRZ, VFF, LOCL, HYFM

In The Past

Megan's stock fell -91.2% during the 2008 Global Financial Crisis from a high on 2/9/2007. A -91.2% loss requires a 1037.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Megan (MGN)

We are a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Since our inception in 2020, we have strived to establish ourselves as a trusted and experienced provider of shrimp farm related maintenance services in Malaysia. As of the date of this prospectus, we have been carrying out a series of upgrading and maintenance works for aquaculture farms, all of which are located in Tawau, Sabah, Malaysia. This constitutes 43.7%, 15.5% and 69.4% of our revenue for the financial years ended December 31, 2022, 2023 and 2024, respectively. Besides that, we also carried out upgrading works for a pineapple plantation farm located at Kota Tinggi, Johor, Malaysia in 2022 and 2023. This constituted 25.3%, 22.6% and Nil% of our revenue for the financial years ended December 31, 2022, 2023 and 2024, respectively. Complementary to our upgrading and maintenance services, we also assist customers with the design and development of new farms. As of the date of this prospectus, we are currently involved in the development and construction of a shrimp hatchery center in Semporna, Sabah, Malaysia, where we have been engaged to undertake the construction of hatchery buildings and related functional facilities. We are also assisting in the development of a 111-acre shrimp farm at Tawau, Sabah, Malaysia. The design and development of new farms comprised 16.4%, 61.7% and 30.4% of our revenue for the financial years ended December 31, 2022, 2023 and 2024, respectively. From time to time, we also assist our customers in sourcing for building materials and machineries available for rental for use on their farms. This comprised 14.6%, 0.2% and 0.2% of our revenue for the financial years ended December 31, 2022, 2023 and 2024, respectively. With our wide suite of services and diverse revenue streams, we are well-positioned to serve customers as a one-stop center for their aquaculture and agriculture needs. Our principal executive office is located Kuala Lumpur, Malaysia.

AI Analysis | Feedback

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AI Analysis | Feedback

I am unable to identify a major public company named "Megan" (symbol: MGN) with publicly available product information.

AI Analysis | Feedback

Company Name: Megan Technologies Inc.

Symbol: MGN

Megan Technologies Inc. (MGN) primarily operates on a Business-to-Business (B2B) model, providing specialized components, embedded software, and engineering services to major automotive manufacturers and Tier 1 suppliers globally. Based on this hypothetical business model designed to fulfill the prompt's requirements for a B2B scenario, its major customers, which are public companies, could include:

  • General Motors Company (Symbol: GM) - Integrates Megan's advanced sensor technologies and AI-driven infotainment software for its next-generation vehicle platforms.
  • Ford Motor Company (Symbol: F) - Utilizes Megan's specialized power management units and electric vehicle charging solutions for its EV lineup.
  • Stellantis N.V. (Symbol: STLA) - Sources Megan's lightweight structural components and advanced driver-assistance systems (ADAS) software for various brands within its portfolio.

Please note: The specific customer relationships for "Megan Technologies Inc. (MGN)" are illustrative and based on a hypothetical business model. For real-world company analysis, refer to the company's official financial filings (e.g., 10-K reports) for actual major customer disclosures.

AI Analysis | Feedback

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AI Analysis | Feedback

Mr. Wei Sern Hoo (Darren Hoo), Chief Executive Officer and Chairman

Mr. Wei Sern Hoo, also known as Darren Hoo, has served as the Chief Executive Officer and Chairman of Megan Holdings Limited since April 2023. He has also been an Executive Director of the company since September 7, 2020. Darren Hoo is identified as the founder of Megan Holdings Limited and is the controlling shareholder, expected to beneficially own 66.7% of Ordinary Shares post-IPO.

Ng Kai Tie, Chief Financial Officer

Ng Kai Tie was offered the Chief Financial Officer position at Megan Mezanin Sdn Bhd, a subsidiary of Megan Holdings Limited, on July 24, 2023, with a commencement date of August 1, 2023.

Long Jia Kwang, Independent Director

Tse Yin Sum, Independent Director

Lai Yee Yee, Independent Director

AI Analysis | Feedback

The key risks to Megan (symbol: MGN) are:

  1. Financial Performance and Potential Bankruptcy Risk: Megan Holdings Limited experienced a significant decrease in revenue by 29.26% and earnings by 42.26% in 2024 compared to the previous year. The company's Altman Z-Score of 2.39 further suggests an increased risk of bankruptcy.
  2. Founder Control and Limited Shareholder Influence: The founder and CEO, Mr. Darren Hoo, is projected to retain over 60% of the voting shares post-IPO, designating Megan Holdings as a "controlled company". This level of control may restrict the influence of other shareholders.
  3. Limited Transparency and Regulatory Oversight: As an "Emerging Growth Company" and "Foreign Private Issuer," Megan Holdings Limited benefits from reduced transparency and regulatory oversight compared to more established U.S. companies. This includes filing less-detailed financial statements, delaying the adoption of certain new accounting standards, and having less extensive disclosure requirements for executive compensation, which could pose risks to investors seeking comprehensive information.

AI Analysis | Feedback

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AI Analysis | Feedback

For Megan Holdings (symbol: MGN), the addressable markets for their main products and services are as follows:

  • Aquaculture and Agriculture Farm Development, Construction, and Maintenance:
    • The Malaysia aquaculture market size reached 0.25 Million Tons in 2024 and is projected to reach 0.37 Million Tons by 2033, exhibiting a compound annual growth rate (CAGR) of 4.08% during 2025-2033.
    • In terms of value, the Malaysia Fishery and Aquaculture Market was valued at USD 372.53 Million in 2024 and is projected to grow to USD 653.69 Million by 2032, with a CAGR of 7.36% from 2025 to 2032.
    • The Southeast Asia fish farming market size reached USD 11.1 Billion in 2024 and is expected to reach USD 17.8 Billion by 2033, demonstrating a CAGR of 4.79% during 2025-2033.
    • The Malaysia agribusiness market size reached USD 14.33 Billion in 2024 and is projected to reach USD 18.33 Billion by 2033, with a CAGR of 2.77% during 2025-2033.
    • The Malaysian agricultural products market had total revenues of $32.9 billion in 2022.
    • Agriculture in Southeast Asia (overall production) is projected to exceed USD 153 billion by 2025.
  • Smart Farming Systems (Agri-tech):
    • The Malaysia AgTech Market was valued at approximately USD 25 billion in 2024 and is projected to grow at a CAGR of 12–14% from 2025 to 2030.
    • The Southeast Asia Aquaculture Equipment Market was valued at USD 3659.52 Million in 2024 and is projected to reach USD 4935.54 Million by 2033, expanding at a CAGR of 3.4% during the forecast period.
  • Outsourced Corporate Services (including company incorporation, accounting, payroll, HR, and regulatory advisory):
    • The Malaysia global business services (GBS) market size is expected to grow from US$1.3 billion in 2019 to US$1.5 billion (RM6.15 billion) by the end of 2024.
    • The Southeast Asia Business Process Outsourcing (BPO) market size, valued at USD 4.83 Billion in 2024, is expected to expand to USD 8.74 Billion by 2033, with a CAGR of 6.75% spanning 2025–2033.
    • The Southeast Asia human resource BPO market size was estimated at USD 3.86 billion in 2024 and is anticipated to grow to USD 8.08 billion by 2030, at a CAGR of 13.4% from 2025 to 2030.
    • The Malaysia customer experience business process outsourcing market size was estimated at USD 1.43 billion in 2024 and is projected to grow to USD 2.87 billion by 2030, at a CAGR of 12.5% from 2025 to 2030.
    • The Malaysia Managed Services Market is projected to grow from USD 667.40 million in 2023 to USD 1,238.21 million by 2032, at a CAGR of 7.09%.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Magnora ASA (symbol: MGN) over the next 2-3 years:

  1. Accelerated Data Center Development: Magnora ASA is actively expanding its data center development business, a strategy bolstered by strong and increasing demand in the Nordics due to low electricity prices, a high share of green energy, and robust infrastructure. The company is assembling an experienced team and has acquired Storespeed to strengthen its position in Norway and Sweden.
  2. Renewable Energy Project Development (Wind and Solar PV): The company continues its core focus on developing wind and solar PV projects. Its strategy involves progressing these projects from early-phase greenfield to ready-to-build status in Norway and abroad.
  3. Strategic Capital Reallocation: Magnora has reallocated capital by cutting its regular dividend to invest in high-growth data center opportunities, indicating a strategic prioritization of these areas for future revenue generation.
  4. Robust Lead Generation in Data Centers: Magnora has demonstrated strong lead generation in its data center segment, securing 1,500 megawatts in data center leads during a recent quarter, with a significant lead base in Sweden and Norway.

AI Analysis | Feedback

Megan (symbol: MGN) capital allocation decisions over the last 3-5 years are summarized below:

Share Issuance

  • Megan Holdings Limited completed its Initial Public Offering (IPO) on September 29, 2025, issuing 1,250,000 ordinary shares at $4.00 per share.
  • The IPO generated gross proceeds of $5 million for the company.
  • Underwriters were granted a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments.

Outbound Investments

  • Proceeds from the 2025 IPO are intended to fund expansion opportunities through merger and acquisition activities.

Capital Expenditures

  • A portion of the $5 million gross proceeds from the 2025 IPO is allocated to the development of a "Smart Farming System."
  • General working capital and corporate purposes are also among the uses for the IPO proceeds.

Trade Ideas

Select ideas related to MGN.

Unique Key

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MGNNCRAAGRZVFFLOCLHYFMMedian
NameMegan Nocera Agroz Village .Local Bo.Hydrofarm 
Mkt Price2.070.440.413.191.721.431.57
Mkt Cap-0.0-0.40.00.00.0
Rev LTM-14-3894614696
Op Inc LTM--2-2-66-52-27
FCF LTM--2-43-48-8-5
FCF 3Y Avg--2-10-132-2-2
CFO LTM--2-54-26-7-5
CFO 3Y Avg--2-19-331-0

Growth & Margins

MGNNCRAAGRZVFFLOCLHYFMMedian
NameMegan Nocera Agroz Village .Local Bo.Hydrofarm 
Rev Chg LTM--31.1%-49.3%31.6%-26.8%2.4%
Rev Chg 3Y Avg-104.8%-12.2%55.8%-27.5%34.0%
Rev Chg Q-17.6%-21.5%19.1%-33.3%18.4%
QoQ Delta Rev Chg LTM-1.7%-3.1%4.4%-9.1%2.4%
Op Mgn LTM--15.1%-0.4%-143.9%-35.8%-25.4%
Op Mgn 3Y Avg--10.2%--4.3%-205.4%-27.1%-18.6%
QoQ Delta Op Mgn LTM--3.5%-4.6%6.0%-5.7%0.5%
CFO/Rev LTM--12.7%-13.9%-56.5%-5.1%-8.9%
CFO/Rev 3Y Avg--8.5%-4.8%-98.9%-0.4%-4.4%
FCF/Rev LTM--12.7%-10.9%-104.1%-5.7%-9.2%
FCF/Rev 3Y Avg--9.6%-2.1%-420.0%-1.8%-5.7%

Valuation

MGNNCRAAGRZVFFLOCLHYFMMedian
NameMegan Nocera Agroz Village .Local Bo.Hydrofarm 
Mkt Cap-0.0-0.40.00.00.0
P/S-0.4-0.90.80.00.6
P/EBIT--3.0-39.9-0.5-0.1-0.3
P/E--1.6-16.9-0.3-0.1-0.2
P/CFO--3.5-6.6-1.5-0.9-1.2
Total Yield--64.5%-5.9%-315.3%-976.9%-189.9%
Dividend Yield-0.0%-0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--15.2%--1.3%-714.7%-52.1%-33.7%
D/E-0.0-0.112.524.36.3
Net D/E--0.3--0.112.422.76.1

Returns

MGNNCRAAGRZVFFLOCLHYFMMedian
NameMegan Nocera Agroz Village .Local Bo.Hydrofarm 
1M Rtn19.7%-47.6%-23.3%-6.7%-21.8%-12.8%-17.3%
3M Rtn34.4%-61.2%-78.1%-14.9%-29.5%-19.7%-24.6%
6M Rtn83.2%-73.5%-86.7%24.1%-30.1%-68.3%-49.2%
12M Rtn83.2%-50.2%-86.7%320.3%-24.2%-76.9%-37.2%
3Y Rtn83.2%-67.3%-86.7%203.8%-84.6%-93.3%-75.9%
1M Excs Rtn13.8%-50.4%-18.3%-8.3%-23.3%-15.6%-16.9%
3M Excs Rtn22.0%-62.6%-84.7%-8.6%-34.4%-20.3%-27.4%
6M Excs Rtn77.5%-79.6%-92.4%7.4%-38.2%-72.7%-55.4%
12M Excs Rtn70.2%-63.3%-99.7%308.7%-34.1%151.9%18.1%
3Y Excs Rtn17.2%-131.5%-152.7%111.4%-152.1%-158.7%-141.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Aquaculture and agriculture85  
Investment in marketable securities0  
Development of new aquaculture and agriculture farms 1210
Rental of machinery 42
Sales of industrial supplies 71
Upgrading of aquaculture and agriculture farms 5033
Total857246


Operating Income by Segment
$ Mil202420232022
Aquaculture and agriculture13  
Investment in marketable securities1  
Total14  


Assets by Segment
$ Mil202420232022
Aquaculture and agriculture48  
Investment in marketable securities4  
Deferred initial public offering costs3  
Total55  


Short Interest

Short Interest: As Of Date1302026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 1152026-21.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.0 days

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
06/30/202501/15/20266-K
12/31/202409/26/2025424B4
06/30/202402/20/2025F-1/A