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Looking ahead to 2026, MAGMA expects its hotel business to benefit from the recovery of Malaysia’s tourism sector, particularly with the promotional push for Visit Malaysia Year 2026. The anticipated increase in both international and domestic travellers is expected to drive higher hotel occupancy rates and room prices.
Last quarter loss wasn't necessarily because business stopped, but because of a "Prudent Reset." The company recognized impairment losses (cleaning up old debts) to strengthen their balance sheet for the future
Prospects look decent, like a good dose of tongkat ali, gives it a bit of a kick and the potential for sustained energy. We'll see if their financial performance holds, but for now, it's showing some promising signs of strength