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Most people focus on Magma's hotel business and miss the property development angle. They have land banks in strategic locations and recently mentioned exploring strategic land acquisitions in high-potential development areas including Penang, Johor Bahru, Kota Kinabalu and Kuala Lumpur.
Revenue normalized after the restructuring distortions. Full-year revenue improved to RM16.2m from RM14.9m, supported mainly by hospitality. The 'reset complete, recovery in motion' narrative is now backed by numbers
With hotel demand rising and Magma expanding their portfolio, the macro tailwinds are clear. Yes the private placement is dilutive short-term, but it's fuel for growth.
Their Wolo Mont Kiara KL has won the five-star “Best Residential High-Rise Architecture Malaysia” award at the 2026–2027 Asia Pacific Property Awards btw
looks like it is trying to find support after the earlier weakness, if it can hold above support and break resistance with volume, then recovery mood stronger.
