Yay, cuti- cuti Malaysia and Perak ! Magma is on the uptrend mode

680,000 shares of Hibiscus = around RM1.78 mil 😮
You r millionaire, James

Cuti-cuti Perak in May 😎
(bernama.com/en/news.php?id=2292032)

Goreng moment for O&G counters

May is coming. The number of tourists, especially Chinese tourists, will increase

Global oil demand will pick up strongly in May & June 😉

https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-Global-Oil-Demand-Will-Pick-Up-Strongly-In-May-And-June.html

This might benefit the company: https://www.thestar.com.my/news/nation/2024/04/19/perak-welcomes-investors-to-boost-hotel-sector-and-tourism-says-exco-man

oil price will continue to go up
https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/?id=108860743

The number of tourists in Malaysia has been increasing recently and its hospitality business will be boom

OIL prices slipped for the third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand
https://www.thestar.com.my/business/business-news/2024/04/17/oil-dips-as-demand-worries-outweigh-middle-east-supply-risks

Time for Magma to turnaround this year

Oil market continues the uptrend

https://www.freemalaysiatoday.com/category/business/2024/04/12/oil-resumes-gain-as-israel-prepares-for-potential-iran-attack/

Let's see the price movement after Raya holiday then ... People seem like in the holiday mode

Very unlikely, soon9913

https://www.jpost.com/israel-hamas-war/article-795866

No idea why my comment was removed 😓 Here's the link: https://themalaysianreserve.com/2024/03/27/perak-attracted-2-3m-tourists-from-dec-2023-to-feb-2024/

Post removed.Why?

Perak had attracted 2.3 million tourists from Dec 2023 to Feb 2024. Magma surely can deliver improved financial result in the next quarter

Then need to wait more than 3 years for it to hit 8.80 😆

Of course you can be greedy because Raya is coming 😁😁

oil prices continue to rise

https://www.cnbc.com/2024/04/01/crude-oil-prices-today.html

I am queuing at 20 cents too and see can match it or not today

YTLPwer was shorted over 20 million shares as at 26 Mar 😐

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240326.pdf?t=1711503799

start reversing? Let's see if we can pick up some on the cheap next week 🙂

LOL, GCB alrdy shoot up. You try to ask people to chase high, EngineeringProfit?😗

It's a new era for MAGMA. Prepare to see it to turn green in one day 😉

YTL Power teams up with Nvidia to deploy, manage AI supercomputer in Johor

https://thesun.my/business/ytl-power-teams-up-with-nvidia-to-deploy-manage-ai-supercomputer-in-johor-AC12234545

Management has implemented new strategies to turn the table around

Expect a dividend in June

Minor retracement only. Surely can collect it now if you got xtra cash. Ha

When is YTLP AGM this year?

@itselviiin. Did you catch it at 18 cents there, which is current low price for Magma? 😀

u r right, Apple4Oranges. The company buys back shares again 😆

https://klse.i3investor.com/web/insider/company/detail/I_77446_2539370998

If it's not far-fetched, I think MAGMA can turn profits in FY2024

Let's see if it will continue dropping tmr or not, then try to pick up some. Hehe

FY2024 will be a turnaround for the company, I guess

Massive foreign sell recently... I think got chance to grab it below Rm2.50

We will see a positive impact from its management transformation and financial performance turnaround 😀

Long war on the red sea without a doubt...unless Israel promise to cease fire and admit Gaza is a country. Ha

shoot, can get cheaper price today... too early to catch it yesterday

Strong USD made the oil price drop a bit ...

Momentum slows down a bit today...See can match it at 77 cents today or not

Certain people sure grabbed at 0.90 there and wait for this moment to come

mf didn't have strong holding power, that's why he sold too fast

@alenac. Then Dec sure got dividend

Wah, this counter is so strong, going up more than 10% in one day !! Will it break 80 cents today🤔

Will receive another dividend on Dec since PBB is doing quite well? 😆

Construction activity becomes very active lately. Have confidence that this company will acquire more new projects

https://www.nst.com.my/business/2023/07/936866/revival-major-construction-property-projects-benefit-malayan-cement

Hibiscus Petroleum has received development and production works consent for a field development plan (FDP) for the Teal West field from the North Sea Transition Authority (NSTA) on August 1, 2023. The next stage after the FDP approval is the internal final investment decision, which if reached, would result in first oil from the Teal West field expected by late 2024/early 2025. - By PBB that gave RM1.18 as Hibiscus's TP

Hard to get it at cheap if hand slow. Now rebound back to 60 cents alrdy

Looking at its 1-month chart, it's an uptrend movement