MAGMA GROUP BERHAD
KLSE (MYR): MAGMA (7243)
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Last Price
0.215
Today's Change
-0.005 (2.27%)
Day's Change
0.215 - 0.215
Trading Volume
90,000
Profile
MAGMA GROUP BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Subsector: FOOD& BEVERAGES FOOD& BEVERAGES
Index Group: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
Description
Magma Group Berhad, formerly Impiana Hotels Berhad, is a Malaysia-based investment holding company, which operates primarily in the hospitality industry. The Company's business segment includes Hospitality business and Property development. The Hospitality business is engaged in management and operation of hotels and resorts, property investment and hotel development. The Property development is engaged in property development activities. The Company's subsidiaries include Impiana Ipoh Sdn. Bhd., Impiana Hotels & Resorts Management Sdn. Bhd., and Impiana Cherating Sdn. Bhd. Impiana Ipoh Sdn. Bhd. is engaged in investment holding, management and operation of hotels and resorts, property investment and hotel development. Impiana Hotels & Resorts Management Sdn. Bhd. provides professional management services to hotels, resorts and recreation clubs. Impiana Cherating Sdn. Bhd. is engaged in property development, operation of resort, hotel business and related services.
Address
Discussions
3 people like this. Showing 50 of 3,337 comments
no worries, tourism on the menu... next quarter Magma will profi again
2024-09-09 19:31
Hotel segment had generated RM6.34 million in revenue, compared to RM2.54 million from Q1.... Magma & tourism are definitely back
2024-09-10 16:07
PM meets Marriott chairman (one of the world's largest hospitality companies) to discuss boosting Malaysia's tourism
2024-09-11 13:29
https://www.nst.com.my/news/nation/2024/09/1104157/pm-meets-marriott-chairman-discuss-boosting-malaysias-tourism
This is undoubtedly good for Magma's hotel business
2024-09-11 13:30
Magma obtains shareholders' nod to raise RM100mil from bond issue
https://www.nst.com.my/business/corporate/2024/09/1104018/magma-obtains-shareholders-nod-raise-rm100mil-bond-issue
2024-09-11 16:10
The approval of the RCN fund-raising exercise provides us with the necessary financial resources to strengthen our balance sheet, enhance our hotel offerings, and capitalise on growth opportunities within the recovering tourism market.
Next era for Magma
2024-09-11 16:11
Something not right about hotels revenue,only 6m?
5 hotels x (100 room x70%) x 200 rgt x 365 days =$25.5m rgts
this is based on average occupancy rate of 70%
2 months ago
Share price will go up soon! Company will be back in profit!!! Ready to ride the wave
3 weeks ago
Possible for chart pattern breakout. MAGMA is potentially staging a breakout from its descending triangle chart pattern, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.235 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.250.
2 weeks ago
Magma will acquire a 2.26-acre leasehold land in Dutamas, Kuala Lumpur, with the acquisition to be completed in the first quarter of 2025. More developments coming soon
2 weeks ago
Hujung tahun adalah musim cuti, jadi Magma punya hotel akan mempunyai perniagaan yg baik
2 weeks ago
Plus now Malaysia so lenient towards the chinese tourists that come here to travel, business sure good lo
2 weeks ago
With this development, Magma is expected to achieve profitability in the next quarter 👍
1 week ago
Achieve good profit in the next quarter with the new development a bit unrealistic, I doubt the new development can put to work so fast
1 week ago
Worry less, we will see improvement in the financial performance of this company
1 week ago
yea, the distress should be eased up with all the new government initiatives
1 week ago
Perak attracted 8.4 million tourists throughout 2024. Strongly believe that MAGMA can turn around
https://www.nst.com.my/news/nation/2025/01/1155185/perak-records-84-million-tourists-last-year
1 week ago
Don't expect every stock to keep going up, grow ... Let it flow according to Mr. Market
1 week ago
Magma tarik balik sikit hari ni kerana ada penukaran Preference Shares
https://klse.i3investor.com/web/mktbzz/additional-detail/39302_470806423
1 week ago
Tourist arrivals expected to reach 31 million in 2025, up 15% from an estimated 27 million last year !
https://www.thestar.com.my/business/business-news/2025/01/10/tourist-arrivals-expected-to-reach-31-million-in-2025-on-robust-demand
5 days ago
Great, the probability of turning a profit in the fourth quarter is quite high 💰💰
2 days ago
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4.9 / 5.0
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Cptzer0
Magma why so shy, need to move up again
2024-09-09 16:40