KropSkin787

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

2 months ago

IvanOnMyOwn

uptrend signal slowly popping off...

2 months ago

ElizaWong

Good sign, we can expect Magma releases good QR then

2 months ago

Sangranghaeyo

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

2 months ago

BuildBackBossku

its q1 result will improve significantly for sure

2 months ago

Lenny2k2

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

2 months ago

itselviiin

Magma almost close 25sen this week, TGIF

2 months ago

Abram66

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

2 months ago

Fat_Money_Fat

I think can hit 30 cents

2 months ago

ElizaWong

It will probably reach 0.30 by the end of this month

2 months ago

chobozong

Another week to break out at 0.25! Gogo magma!

2 months ago

Cptzer0

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

2 months ago

Sangranghaeyo

Perak theme now after Johor theme ? 😁

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

2 months ago

Abram66

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

2 months ago

rac3ginho

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

2 months ago

stonedInvest

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

2 months ago

BuildBackBossku

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

2 months ago

ElizaWong

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

2 months ago

Tokyolo

Magma plans to raise RM100 mil via redeemable convertible note issuance

https://theedgemalaysia.com/node/712571

2 months ago

Tokyolo

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

2 months ago

Sangranghaeyo

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

2 months ago

mroverlord888

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.

1 month ago

IvanOnMyOwn

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

1 month ago

Abram66

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

1 month ago

Abram66

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

1 month ago

BuildBackBossku

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

1 month ago

Fat_Money_Fat

Macam no momentum liao

1 month ago

Fat_Money_Fat

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

1 month ago

ElizaWong

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

1 month ago

Lenny2k2

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

1 month ago

itselviiin

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

1 month ago

Fat_Money_Fat

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

1 month ago

comebackkid

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?

1 month ago

Sangranghaeyo

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

1 month ago

Gentingbig

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

1 month ago

BuildBackBossku

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

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

1 month ago

Cptzer0

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

1 month ago

itselviiin

1 more month till AGM, hold until then lor

1 month ago

ElizaWong

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

1 month ago

ElizaWong

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

1 month ago

stonedInvest

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

1 month ago

BuildBackBossku

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

1 month ago

Tokyolo

2024 year of tourism mah, revenue confirm fly high lor

1 month ago

Abram66

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

1 month ago

mroverlord888

Hold for another 6 months, keep magma until 0.30

1 month ago

IvanOnMyOwn

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

1 month ago

ElizaWong

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

1 month ago

Lenny2k2

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

1 month ago

Sangranghaeyo

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

1 month ago

stonedInvest

Not yet boom up?

3 days ago