Posted by KropSkin787 > 2 months ago | Report Abuse

Close 24sen not too bad, hospitality sector is recovering & 2024 is Magma year

Posted by IvanOnMyOwn > 2 months ago | Report Abuse

uptrend signal slowly popping off...

Posted by ElizaWong > 2 months ago | Report Abuse

Good sign, we can expect Magma releases good QR then

Posted by Sangranghaeyo > 2 months ago | Report Abuse

Cuti-cuti Malaysia and hospitality business has performed well since early January

Posted by BuildBackBossku > 2 months ago | Report Abuse

its q1 result will improve significantly for sure

Posted by Lenny2k2 > 2 months ago | Report Abuse

Q1 might be good, share price been going up since last april

Posted by itselviiin > 2 months ago | Report Abuse

Magma almost close 25sen this week, TGIF

Posted by Abram66 > 2 months ago | Report Abuse

Next stop will be 29 cents (52 weeks high) 🤗

Posted by Fat_Money_Fat > 2 months ago | Report Abuse

I think can hit 30 cents

Posted by ElizaWong > 2 months ago | Report Abuse

It will probably reach 0.30 by the end of this month

Posted by chobozong > 2 months ago | Report Abuse

Another week to break out at 0.25! Gogo magma!

Posted by Cptzer0 > 2 months ago | Report Abuse

Vrooommmmm, close 26sen today! Q1 sure good result-

Posted by Sangranghaeyo > 2 months ago | Report Abuse

Perak theme now after Johor theme ? 😁

https://www.dagangnews.com/article/perak-di-kedudukan-strategik-tarik-pelabur-berimpak-tinggi-37428

Posted by Abram66 > 2 months ago | Report Abuse

MAGMA is undergoing a HR restructuring. New blood will join the company 🙂

Posted by rac3ginho > 2 months ago | Report Abuse

Tunggu apa lagi, testing resistance 25sen.. uptrend season??

Posted by stonedInvest > 2 months ago | Report Abuse

yea uptrend is here, 0.25 is support now and 0.28 is next resistance

Posted by BuildBackBossku > 2 months ago | Report Abuse

Hospitality business is booming and tomorrow is holiday! 🤗 Happay Vesak day, everyone

Posted by ElizaWong > 2 months ago | Report Abuse

Magma's next QR is releasing soon, either this Friday or latest by next Friday. Stay tuned ~

Posted by Tokyolo > 2 months ago | Report Abuse

Magma plans to raise RM100 mil via redeemable convertible note issuance

https://theedgemalaysia.com/node/712571

Posted by Tokyolo > 2 months ago | Report Abuse

The first sub-tranche of RCNs is expected to be available for issuance by the fourth quarter of 2024

Posted by Sangranghaeyo > 2 months ago | Report Abuse

wow, raise RM100 million !! The company will get big contracts ? 😮

Posted by mroverlord888 > 1 month ago | Report Abuse

No, but taken from the article

Of the maximum proceeds to be raised from the note issuance, RM48 million is earmarked for the repayment of the hospitality group’s bank borrowings and RM43.69 million for working capital.

Posted by IvanOnMyOwn > 1 month ago | Report Abuse

finally moving from 0.20 to 0.25, Tourism back on track & 2024 is a turn around year for MAGMA

Posted by Abram66 > 1 month ago | Report Abuse

As at 31.12.2023, the company had total bank borrowings of RM77.43 million

Posted by Abram66 > 1 month ago | Report Abuse

if all funds raised from the redeemable convertible notes are used to repay bank borrowings, MAGMA will become a net cash company, hehe 😁

Posted by BuildBackBossku > 1 month ago | Report Abuse

Perak is collaborating with Hong Kong tourism industry players to attract tourists from the country in conjunction with the Visit Perak Year (VPY 2024)

https://thesun.my/local_news/perak-collaborate-with-hong-kong-tourism-industry-players-to-attract-its-tourists-HP12482104

Posted by Fat_Money_Fat > 1 month ago | Report Abuse

Macam no momentum liao

Posted by Fat_Money_Fat > 1 month ago | Report Abuse

i bought at 20 cents should take profit or keep???

Posted by ElizaWong > 1 month ago | Report Abuse

Trading volume exceeds 1 million by the way, Fat_Money_Fat. Wait the QR to come out 1st then decide whether want to keep it or not, in my opinion

Posted by Lenny2k2 > 1 month ago | Report Abuse

up to you lor, if need money then always nice to take profit, most ppl here wait 30c next stop

Posted by itselviiin > 1 month ago | Report Abuse

Magma are slowly gaining confidence & momentum now, better hold longer

Posted by Fat_Money_Fat > 1 month ago | Report Abuse

Okay, take advice from all the shifu and hold first 😀

Posted by comebackkid > 1 month ago | Report Abuse

Very simple, if you did not buy this counter at 20 sen, will you buy it at current level? If your answer is a convincing YES, then why are you considering taking profit?

Posted by Sangranghaeyo > 1 month ago | Report Abuse

If you trade instead of investing and try to get a 50% return, then tp when it's at 30 cents

Posted by Gentingbig > 1 month ago | Report Abuse

my new in to buy magma around .22 to .23 as was told after agm this stock can go up. first TP price is 0 .30 which is not bad since its a penny stock

Posted by BuildBackBossku > 1 month ago | Report Abuse

AGM has not started la. It's on 26 Jun la

https://www.klsescreener.com/v2/announcements/view/6889939

Posted by Cptzer0 > 1 month ago | Report Abuse

Hold always the best play, 0.22-0.23 is a strong support anyway

Posted by itselviiin > 1 month ago | Report Abuse

1 more month till AGM, hold until then lor

Posted by ElizaWong > 1 month ago | Report Abuse

Q1 results are out. As expected, its revenue was improved due to the recovery in the hotel operations segment and strategic adjustments in hotel management

Posted by ElizaWong > 1 month ago | Report Abuse

for the record, the company's hotel operations segment generated revenue of RM6.29 million in 1QFY24, a substantial increase from RM2.78 million last year. This growth is attributed to the rising occupancy rates and the inclusion of business from WOLO Kuala Lumpur

Posted by stonedInvest > 1 month ago | Report Abuse

Revenue improved show that there is a potential increase in average room rate (ARR) sparked by higher demand in the hospitality segment. I believe next upcoming quarter profit are going to improve

Posted by BuildBackBossku > 1 month ago | Report Abuse

I was guessing right, the hospitality business is booming 🔺🔺 Increased 126% YoY

Posted by Tokyolo > 1 month ago | Report Abuse

2024 year of tourism mah, revenue confirm fly high lor

Posted by Abram66 > 1 month ago | Report Abuse

2023 annual report is out. Let's check it out if LCW is still in the list of top 30 shareholders 😁😁

Posted by mroverlord888 > 1 month ago | Report Abuse

Hold for another 6 months, keep magma until 0.30

Posted by IvanOnMyOwn > 1 month ago | Report Abuse

Annual report are out, any highlights in the reports??

Posted by ElizaWong > 1 month ago | Report Abuse

The management are extremely optimistic about the outlook for the company’s hotel business in 2024 as Magma is well positioned to capitalise on the opportunities ahead and the evolving tourism and hospitality landscape

Posted by Lenny2k2 > 1 month ago | Report Abuse

Malaysian tourism authorities say they’re expecting over 5 million tourists from China to visit this year, more than tripling last year’s figure, gonna be an big comeback year for Magma

Posted by Sangranghaeyo > 1 month ago | Report Abuse

By the way, Lee Chong Wei is still in the top 30 shareholders list 😁😁

Posted by stonedInvest > 3 days ago | Report Abuse

Not yet boom up?