MAG Magmatic Resources

EQS-News: Magmatic Resources says impressive new results demonstrate Corvette growth potential

EQS-News: Magmatic Resources Ltd
Magmatic Resources says impressive new results demonstrate Corvette growth potential

29.11.2022 / 19:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Contact Details

Proactive Investors

Jonathan Jackson


News Source: News Direct


29.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Magmatic Resources Ltd
United States
ISIN: AU000000MAG5
EQS News ID: 1501065

 
End of News EQS News Service

1501065  29.11.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1501065&application_name=news&site_id=research_pool
EN
29/11/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Magmatic Resources

Jack Goh Tooan Orng
  • Jack Goh Tooan Orng

Magnum (MAG MK) - 2Q25: Low Prize Payout Lifted Earnings; Raised Divid...

2Q25: Low Prize Payout Lifted Earnings; Raised Dividends Payout Magnum’s 2Q25 results were above expectations. Gaming revenue declined as ticket sales normalised from prolonged 4D jackpot run in 1Q25. Nevertheless, core profit improved meaningfully, thanks to exceptionally low prize payout and reduced interest expenses. Magnum remains appealing for its lush dividend yield and potential U-Mobile monetisation. Retain BUY with higher target price of RM1.68.

Jack Goh Tooan Orng
  • Jack Goh Tooan Orng

Gaming - Selectively Positive; Yield Compression Narrative Remains Int...

Selectively Positive; Yield Compression Narrative Remains Intact Despite the lacklustre broad market sentiment due to volatile US trade policies, the gaming sector has charted a commendable rebound and outperformed the KLCI index thus far in 2H25. Several key drivers include strong tourism data, dividend yield compression, and a better consumption trend expected due to the recent OPR cut. Maintain MARKET WEIGHT on the sector, but we are selectively positive on stocks with near-term event catalys...

Benyamin Mikael ... (+15)
  • Benyamin Mikael
  • Claire Wang Kelai
  • Ejann Hiew
  • Gigi Cheuk
  • Heidi Mo Jinghui
  • Jack Goh Tooan Orng
  • John Cheong Ming Chern
  • Julia Pan Mengyao
  • Kate Luang
  • Ming San Soong
  • Philip Wong
  • Shirley Wang Xueyi
  • Stella Guo Yuting
  • Tanapon Cholkadidamrongkul
  • Tham Mun Hon

Regional Morning Meeting Notes: Tuesday, July 15, 2025

GREATER CHINA Economics Money Supply New credit jumps in June, but annual credit growth edges lower. Trade June data above expectations. Strategy Small-Mid Cap Monthly Maintain BUY on Crystal for its strong order growth momentum in 1H25; long-term wallet share gains intact. In...

Jack Goh Tooan Orng
  • Jack Goh Tooan Orng

Magnum (MAG MK) - 1Q25: Recovery Intact; Raised Dividends Payout

1Q25: Recovery Intact; Raised Dividends Payout Magnum’s 1Q25 results were within expectations. Gaming revenue achieved 91% of pre-pandemic levels, lifted by progressive ticket sales recovery and longer 4D jackpot run. With improving business volume, a healthier balance sheet and potential UMobile monetisation, Magnum remains appealing for its bargain valuations and lush dividend yield of c.7-8% for FY25-26. Retain BUY and target price of RM1.56.

Jack Goh Tooan Orng
  • Jack Goh Tooan Orng

Gaming - Not The Best Year, But Most Negatives Priced In

Not The Best Year, But Most Negatives Priced In Several factors such as KLCI exclusion for the Genting group, NFOs’ flattish ticket sales, and the broad market’s impressive returns have caused fund flows to divert away temporarily from the Malaysian gaming sector, due to valuations being de-rated. Nevertheless, the sector’s appealing valuations, earnings growth and lush dividend yields still resonate well with our investment foundations. We expect a meaningful turnaround in 1H25. Maintain OVERWE...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch