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After retreating from July highs, MAGMA’s share price has recently held steady in the RM0.385–0.395 range. Analysts believe that concrete progress in the JV retail rollout or the Mont Kiara project could be the key catalyst to break this range, with the current capital structure optimization laying the groundwork for such a shift.
In just the first half of this year, Malaysia has over 20 million tourists. That's good news for Magma’s hotel business, which is expected to earn solid income