MY Stock MarketDetailed Quotes
7243 MAGMA
- 0.200
- -0.010-4.76%
15min DelayNot Open Aug 29 16:50 CST
189.58MMarket Cap-10526P/E (TTM)
0.205High0.185Low3.25MVolume0.205Open0.210Pre Close639.61KTurnover0.29052wk High0.81%Turnover Ratio947.90MShares0.06552wk Low-0.019EPS TTM79.81MFloat Cap15.250Historical HighLossP/E (Static)399.05MShs Float-22.750Historical Low-0.022EPS LYR9.52%Amplitude--Dividend TTM1.98P/B100Lot Size--Div YieldTTM
MAGMA Stock Forum
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Asset-rich Magma Group Berhad (KLSE: 7243) had just made an announcement on getting green light on their fund raising exercise, amounting to a total of RM100.0 million to enhance their balance sheet.
As of now, Magma Group manages a few well established hotels, including Impiana KLCC, Impiana Ipoh, Impiana Senai and WOLO Kuala Lumpur.
So, why the need to raise funds?
Well, the fund raising exercise done (or soon to be done) by Magma Group...
As of now, Magma Group manages a few well established hotels, including Impiana KLCC, Impiana Ipoh, Impiana Senai and WOLO Kuala Lumpur.
So, why the need to raise funds?
Well, the fund raising exercise done (or soon to be done) by Magma Group...
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$MAGMA (7243.BMS)$
1. Reaccumulation stage with Shakeout
2. Strength signals above 20 & 40MA
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions.
1. Reaccumulation stage with Shakeout
2. Strength signals above 20 & 40MA
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions.
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As 2023 unfolded, the global hospitality industry showcased commendable resilience, achieving full recovery in key performance metrics like Revenue per Available Room (RevPAR). By November, regions such as the Middle East, Europe, and the Americas had RevPAR soaring between 94% and 121% of the levels seen in 2019, signalling a robust resurgence across the sector. The Asia Pacific region, although trailing slightly...
Testing Resistance - The stock price of Magma has recently made multiple attempts to challenge the resistance at 29 cents but has been unsuccessful. Currently, it has retraced to near the 20-day moving average, seemingly finding short-term support. If the stock price can break through and hold steady at 29 cents, there is potential to challenge 35 cents next, with support expected around 18.5 cents.
$MAGMA (7243.BMS)$
$MAGMA (7243.BMS)$
Leasing WOLO, a high-occupancy lifestyle boutique hotel, and changing its company name might indicate a strategic shift towards modernization. It might boost the company's turnaround strategy and long-term financial results.
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