Better earnings likely for Glomac over next two years
Glomac Bhd (Sept 20, 41 sen) Maintain hold with a lower target price (TP) of 43 sen: Glomac Bhd started its financial year 2019 (FY19) on a soft note.
Glomac 4Q net profit shrinks 94.36%
KUALA LUMPUR (June 22): A loss in “other operating income” has dragged Glomac Bhd’s fourth-quarter net profit down 94.
Glomac 3Q net profit down 72% as revenue fell
KUALA LUMPUR (Jan 22): Glomac Bhd saw its net profit plunge 72% to RM5.
Glomac’s FY17 sales target appears aggressive
Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.
DONE DEAL: Glomac Centro at Kayu Ara, Petaling Jaya, Selangor
Rented for: RM1,800 Concluded by: Edmund Chin of Propstar Realty (012-339 1260) When: March 2016 Noteworthy: • Leasehold • Intermediate office unit on the first floor with washroom • Built-up area: 1,637 sq ft • Near institutes of higher education such as KDU, KBU and SEGi College; within 15 to 30 minutes’ drive to shopping malls such as 1 Utama, The Curve, IKEA and Atria Shopping Gallery • Surrounded by mature townships such as Bandar Utama, Damansara Utama and Damansara Jaya Glomac Centro is a mixed development comprising 2-storey shop offices and a block of 29-storey serviced apartments in Kayu Ara, Petaling Jaya.
