Robin Lim's comment on MAGMA. All Comments
Robin Lim
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Magma has acquired LUMA Hotel along with four adjoining buildings in Kota Kinabalu to grow its hotel business

https://www.thestar.com.my/business/business-news/2026/03/05/magma-to-acquire-luma-hotel-and-buildings-for-rm609mil
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LH Song
Wah, Magma buying up Luma Hotel and buildings in KK, that's a pretty big move for their hotel biz
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Maverick
The company wants to tap into VM 2026 trend and extend it to East Malaysia too
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Divine
good move by magma, acquiring the luma hotel
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Divine
and also acquiring the surrounding assets which could bring in more recurring income
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Robin Lim
People in Sabah probably are rich right now since they’ve been making good money from selling oil during this kind of moment, hehe
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Randy Chew
Data from the Sabah Tourism Board shows that international tourist arrivals to the state have rebounded to pre-pandemic levels, surpassing the one million mark in 2024 and 2025. China, Brunei and South Korea are among the top source markets.
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