Comments on MAGMA

Andrew Ho

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Now that MAGMA has some new land in a good spot in KL, the company’s getting ready to take advantage of the property market picking up and the boost in tourism

6 hours · translate ·

CL Tan

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Hit up 0.26, uptrend is here

2 days · translate ·

Fiona Auery

need to break the 0.26 ceiling first

Like · 18 hours · translate

KhaiLoon

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reduction of issued share capital what is that hahahah...... wanna cut your tickets?

2 days · translate ·

Previous replies (1)

Unown Unown

could be cutting the numbers of outstanding shares by buying back the shares (share buyback)

1 Like · 2 days · translate

KhaiLoon

share buy back can inflict extra costs the best way is share consolidate hahahahah

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Alan Wai Sheng

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Magma power week, next week breakthru 0.24

2 weeks · translate ·

Previous replies (8)

Chun Yii Fatt

This week big chance wor, buy volume + momentum building up

Like · 2 days · translate

Fiona Auery

now the 0.24 level has turned into new support level

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Robin Lim

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Magma shareholders have approved the acquisition of the land for RM80mil, which will be used for a hospitality-infused residential development

https://themalaysianreserve.com/2025/03/25/magma-shareholders-approve-rm80m-land-acquisition/amp/

1 week · translate ·

Rico Lim

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For the latest development project, Magma Group expects a gross development value (GDV) of about RM439.83 million, with an estimated gross development cost (GDC) of RM249.79 million.

The project is expected to generate a gross profit of about RM110.26 million over a 42-month period.

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Andrew Ho

Not bad, about RM7.87 mil per quarter. It will become a profitable company for sure