MAGMA Stock Forum

Following Magma Group Berhad’s recent completion of Extraordinary General Meeting (EGM), where shareholders approved several key corporate proposals including an RM80 million land acquisition in Kuala Lumpur and a capital reduction exercise, investor sentiment appears increasingly bullish.
On 7 April 2025, the stock saw strong buying interest with 7.97 million shares changing hands, signalling renewed co...

Magma Group Berhad is making bold moves to reposition itself in Malaysia’s property and hospitality sectors, and shareholders are fully on board.
At its recent Extraordinary General Meeting (EGM), the group received the green light for several proposals that signal a new chapter for the company.
The headline item?
A significant land acquisition in Kuala Lumpur. Magma is buying a 2.26-acre leasehold plot in Dutamas for RM80 million, ...

Asset-rich Magma Group Berhad (KLSE: 7243) had just made an announcement on getting green light on their fund raising exercise, amounting to a total of RM100.0 million to enhance their balance sheet.
As of now, Magma Group manages a few well established hotels, including Impiana KLCC, Impiana Ipoh, Impiana Senai and WOLO Kuala Lumpur.
So, why the need to raise funds?
Well, the fund raising exercise done (or soon to be done) by Magma Group...

As 2023 unfolded, the global hospitality industry showcased commendable resilience, achieving full recovery in key performance metrics like Revenue per Available Room (RevPAR). By November, regions such as the Middle East, Europe, and the Americas had RevPAR soaring between 94% and 121% of the levels seen in 2019, signalling a robust resurgence across the sector. The Asia Pacific region, although trailing slightly...