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Andrew Ho
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Magma completes sale of 20% stake in Heritage Lane for RM63 million

https://www.sinchew.com.my/news/20260901/finance/7809204
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2 weeks · translate ·
Previous replies (9)
Unown Unown
Solid move to secure those funds, steady cash flow for operations and property management will definitely set MAGMA up for a stronger future.
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Jason Wan
the capital injection confirm gives them more runway to unlock value and grow their property game
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Simon Reyes
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Malaysia's services backdrop is healthy, which is not bad for hospitality assets. The important thing now is how Magma restructures and uses cash
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1 week · translate ·
Sheldon
Service sector look steady but all eyes on how management turn around the balance sheet and deploy their capital.
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Luke Low
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Things will be slowly picking up, with better efficiency, room rates and occupancy helping the key hotels perform better lah, confirm steady one.
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3 weeks · translate ·
Previous replies (1)
Bluebird Tiong
slowly pickup first while waiting the fruit to ripens hehe
1 Like · 3 weeks · translate
Edward Lee
agree, need some patience to have a fruitful gain
Like · 2 weeks · translate
Courgette Chong
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Seems like Magma needs more time to turn around...
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3 weeks · translate ·
Previous replies (2)
Courgette Chong
I think next year should be the turnaround year, just like what management said
Like · 2 weeks · translate
Edmond Khor
the management team sure knows their stuff so keep the faith because next year really looks like the breakout moment for them to shine.
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Jia Cheng
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Wolo project got so much potential to turn things around and bring in big revenue once everything is up and running. If they execute well, this could be the start of a massive turnaround story for us shareholders.
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1 month · translate ·
Previous replies (9)
Kuromi
Hope it can be completed before 2030, money flows in faster
Like · 4 weeks · translate
Unown Unown
hoping the cash flow actually kicks in fast enough, faster payback then can continue to roll the money
Like · 3 weeks · translate
Luke Low
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QR release is this month end right?
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1 month · translate ·
Jia Cheng
Yes, should be this month end if no delay
Like · 1 month · translate
Andrew Ho
Q2 report should be out by this Friday
Like · 4 weeks · translate
Courgette Chong
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Magma’s RM850 million Wolo project is now underway, and the company is targeting a return to the black next year
https://www.enanyang.my/news/20260728/Finance/1329761
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1 month · translate ·
Previous replies (7)
Unown Unown
Hold steady because Magma surely get potential to turnaround and become the next big dark horse in the market
Like · 1 month · translate
Courgette Chong
Let’s see some recovery first. Becoming a dark horse not so fast
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Robin Lim
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30 cents not so easy to break, but sooner or later should get through
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2 months · translate ·
Previous replies (4)
Robin Lim
I think need to wait until next month then can see the movement alrdy
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Jason Ong
most probably, because it is back to accumulation phase again
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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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2 months · translate ·
Previous replies (5)
Courgette Chong
The event will be at Sepang. Too bad Magma doesn’t have a hotel there
Like · 1 month · translate
Fabian
Hotels around Sepang are fully booked tho, so might some spillover to other area
Like · 1 month · translate
Wei Yang Hau
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Magma steady lah, those new plans show they really trying to turn things around for the better. Just relax and hold tight because when the big jump come, sure worth the wait one.
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1 month · translate ·
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