MAGMA GROUP BERHAD
KLSE (MYR): MAGMA (7243)
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Last Price
0.215
Today's Change
+0.005 (2.38%)
Day's Change
0.21 - 0.22
Trading Volume
694,100
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 3,306 comments
some hiccups on the markets recently, hope this Q2 result can light up the mood
2024-08-27 19:08
Impiana Ipoh Sdn Bhd.'s hotel operations division will generate strong revenue. Don't worry
2024-08-27 20:33
hotel occupancy is high due to influx of china tourist, uptrend + comeback in on the way
2024-08-29 18:31
Awesome, MAGMA announced its Q2 results, and as we expected, they are improving 👍
2024-08-30 18:34
Improvement in the Hotel Operation segment was as a result of increased in occupancy rate due to special travel visa issued for China travellers and also included of business from WOLO Kuala Lumpur into a new subsidiary of the Group.
2024-08-30 18:57
I am impressed. Next week Magma might challenge 1 month high and then 1 year high
2024-08-30 21:09
invest while its cheap. by the time results in the black. stock price might be double
2024-08-31 19:24
With this progress, Magma is likely to turn green in the next quarter
2024-09-02 15:35
Magma Group sees positive hospitality outlook amid challenges
https://www.thestar.com.my/business/business-news/2024/08/30/magma-group-sees-positive-hospitality-outlook-amid-challenges
2024-09-03 19:17
Magma are going to focus on its core operations within the hospitality sector, including its flagship hotels, Impiana KLCC Hotel, Impiana Hotel Ipoh, Impiana Hotel Senai, and WOLO Kuala Lumpur. Q3 will back in profits
2024-09-03 19:17
Magma Hotel operation has made positive progress. Therefore, the company has high expectations to turn a profit in the next quarter
2024-09-04 16:14
Tourism Malaysia aims for RM88bil receipts in 2024. Jom, cuti-cuti Malaysia
https://www.thestar.com.my/metro/metro-news/2024/07/11/tourism-malaysia-aims-for-rm88bil-receipts-in-2024
2024-09-04 23:12
Q2 Loses narrowed, 42% higher in revenue, Q3 will so much better compare to Q2
2024-09-05 14:59
Malaysia's tourism is booming and it is boosting hospitality and F&B business
2024-09-05 20:15
Magma are slowly gaining confidence & momentum now, better hold & buy while its cheap
2024-09-06 18:38
Melaka got Fan Bingbing and Perak will have Michelle Yeoh for ambassador role 😀
https://www.nst.com.my/news/nation/2024/07/1081918/tourism-perak-eyes-michelle-yeoh-ambassador-role
2024-09-06 20:10
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%
1 month ago
Share price will go up soon! Company will be back in profit!!! Ready to ride the wave
2 days ago
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Optimistically speaking, it might turn losses into profits in q2 😬
2024-08-27 16:36