All Comments on MAGMA Reload

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Maverick
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Jalan Raja will be closed for almost 6 days starting next week as KL gets ready for Citrawarna 2026. There’ll also be more road closures and traffic diversions during the cultural parade, according to Tourism Malaysia. Looks like hotels in the area are going to be packed and business should be very good next week

https://www.malaymail.com/news/malaysia/2026/07/17/kls-jalan-raja-to-close-from-july-21-to-27-ahead-of-citrawarna-2026/227948
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Unown Unown
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Steady lah, 30 cents resistance is just a temporary speed bump before the real rally starts. If we keep holding strong, this stock confirm got potential to fly higher soon.
Robin Lim
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30 cents not so easy to break, but sooner or later should get through
Andrew Ho
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Good news, Magma has gotten shareholders’ approval for the RM47.7 million RPS debt set-off

https://www.sinchew.com.my/news/20260701/finance/7634200
Courgette Chong
We should see some progress from their Mont Kiara development soon
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Cyrus
Steady hand on the wheel, the Mont Kiara project is looking like a solid game changer for their growth. Once that kicks off, we are definitely going to see some really promising upside for our portfolios.
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Edward Lee
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That cash preservation move is quite steady for their expansion plans but we really need to see more concrete progress on the ground first. Honestly just keep a close eye on their balance sheet because property ventures can eat up capital super fast if the execution is shaky.
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Unown Unown
Their cash preservation strategy looks okay for now but easier said than to be done until we actually see those projects breaking ground
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Luke Low
Steady lah, their focus on cash preservation shows management is playing it smart and keeping the ship stable for the long haul. Once those projects start breaking ground, we could be looking at a very bright upside waiting to happen.
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Wei Yang Hau
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Clearing out those RPS is a massive win for their balance sheet and really cleans up the capital structure. Everything is finally looking primed for growth, so definitely time to stay bullish on MAGMA.
Sheldon
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oil price down, most likely there will be more travel activities soon
Jia Cheng
now can slowly see the recovery in travel activities already
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Jason Wan
the travel recovery may slow down a bit now, US fighting with Iran once again
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Robin Lim
If not mistaken, they need to register with MOTAC. Once registered, they can enjoy a tax deduction of up to RM500k for qualifying capital expenses incurred from 11 October 2025 to 31 December 2027
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Sheldon
I think they have registered with the ministry considering they are one of the industry players
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Courgette Chong
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June not much drama, quite steady. Hopefully July can cross the 30 cents mark
Fabian
It may actually help if the company can show a simpler direction after all the placement and RPS flow.
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Wei Yang Hau
Dont just focus on corporate action, Magma still has hospitality/property angle underneath
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Maverick
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Election in Johor just around the corner, likely Impiana Hotel Senai will see more room bookings
Luke Low
Ya, the state election will definitely boost their occupancy rate for sure
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