Magma Group Berhad, an investment holding company, engages in the development, operation, and management of hotels and resorts in Malaysia. The company operates through three segments: Hospitality Business, Property Development, and Others. It is also involved in the property investment; property development; and professional management services to hotels, resorts, and recreation clubs; rental collector and operation of hotels; housing and property developers, building contractors, estate property, and land and house agent, as well as operating of self-owned and leased real estate non-residential buildings. The company was formerly known as Impiana Hotels Berhad and changed its name to Magma Group Berhad in December 2023. Magma Group Berhad was founded in 1994 and is based in Kuala Lumpur, Malaysia.
Malaysian Market Performance
7D7 Days: 0.9%
3M3 Months: 0.5%
1Y1 Year: -4.9%
YTDYear to Date: -7.5%
Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 3.4% in that time. Unfortunately though, the market is down 4.9% over the past year. Looking forward, earnings are forecast to grow by 8.6% annually. Market details ›
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