MAGMA GROUP BERHAD

KLSE (MYR): MAGMA (7243)

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Last Price

0.23

Today's Change

-0.01 (4.17%)

Day's Change

0.225 - 0.235

Trading Volume

4,853,900

Corporate Figure or Shareholder
Discussions
3 people like this. Showing 50 of 3,221 comments

Sangranghaeyo

So Magma has an opportunity to show huge improvement in quarterly results at the end of this month

2 weeks ago

Tokyolo

Can Magma break 0.24 this week?

2 weeks ago

BuildBackBossku

Looking at its powerful price movement, 99.9% it will break 24 sen by this week

2 weeks ago

Abram66

On the way to break 25 cents then hit 52-week high price 😊

2 weeks ago

mroverlord888

already touch 0.24 but tmr is important as well, believe in MAGMA!

2 weeks ago

KropSkin787

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

2 weeks ago

IvanOnMyOwn

uptrend signal slowly popping off...

2 weeks ago

ElizaWong

Good sign, we can expect Magma releases good QR then

2 weeks ago

Sangranghaeyo

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

2 weeks ago

BuildBackBossku

its q1 result will improve significantly for sure

1 week ago

Lenny2k2

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

1 week ago

itselviiin

Magma almost close 25sen this week, TGIF

1 week ago

Abram66

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

1 week ago

Fat_Money_Fat

I think can hit 30 cents

1 week ago

ElizaWong

It will probably reach 0.30 by the end of this month

1 week ago

chobozong

Another week to break out at 0.25! Gogo magma!

1 week ago

Cptzer0

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

1 week ago

Abram66

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

1 week ago

rac3ginho

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

1 week ago

stonedInvest

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

1 week ago

BuildBackBossku

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

1 week ago

ElizaWong

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

1 week ago

Tokyolo

Magma plans to raise RM100 mil via redeemable convertible note issuance

https://theedgemalaysia.com/node/712571

1 week ago

Tokyolo

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

1 week ago

Sangranghaeyo

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

1 week 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.

6 days ago

IvanOnMyOwn

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

6 days ago

Abram66

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

6 days 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 😁

6 days 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

3 days ago

Fat_Money_Fat

Macam no momentum liao

3 days ago

Fat_Money_Fat

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

3 days 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

3 days ago

Lenny2k2

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

3 days ago

itselviiin

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

3 days ago

Fat_Money_Fat

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

3 days 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?

3 days ago

Sangranghaeyo

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

2 days 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

2 days ago

BuildBackBossku

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

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

2 days ago

Cptzer0

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

2 days ago

itselviiin

1 more month till AGM, hold until then lor

2 days 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 day 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 day 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 day ago

BuildBackBossku

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

9 hours ago

Tokyolo

2024 year of tourism mah, revenue confirm fly high lor

7 hours ago

Abram66

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

5 hours ago

mroverlord888

Hold for another 6 months, keep magma until 0.30

5 hours ago

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