Courgette Chong's comment on MAGMA. All Comments

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
Fabian
Magma is betting big on the Wolo project to pivot their financials, but investors should be wary until we see consistent core earnings turning positive. Long-term value depends entirely on whether this high-capex gamble can actually deliver sustainable cash flow instead of just more debt.
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