News about Glomac

KUALA LUMPUR (June 22): A loss in “other operating income” has dragged Glomac Bhd’s fourth-quarter net profit down 94.

KUALA LUMPUR (June 1): Glomac Bhd has appointed Lembaga Tabung Haji group managing director and chief executive officer (CEO) Datuk Seri Johan Abdullah as an alternate director to its non-independent non-executive director Datuk Seri Panglima Abdul Azeez Abdul Rahim.

KUALA LUMPUR (Jan 22): Glomac Bhd saw its net profit plunge 72% to RM5.

KUALA LUMPUR (Dec 13): Glomac Bhd's wholly-owned unit Glomac Regal Sdn Bhd (GRSB) received a winding-up order for the alleged neglect of a RM3.

KUALA LUMPUR (Nov 30): Glomac Bhd's net profit rose 4.

KUALA LUMPUR (Sept 27): The Real Estate and Housing Developers' Association (Rehda) hopes the 2017 Budget will offer a special tax scheme for the property sector, Bernama reported today.

Glomac Bhd (Sept 22, 79.

KUALA LUMPUR (Sept 21): In response to requests for an extension in the tenure of housing loans to up to 40 years, the Real Estate and Housing Developers Association (Rehda) said the current 35-year limit is more than enough.

KUALA LUMPUR (Sept 21): After holding back some of its project launches for about a year, Glomac Bhd is now targeting to launch properties worth some RM1 billion in total gross development value (GDV) before its current financial year end April 30, 2017 (FY2017).

Glomac Bhd (Sept 13, 76 sen) Maintain hold with a higher target price (TP) of 82 sen: Glomac Bhd’s upcoming first quarter ended July 31, 2016 (1QFY17) results could come in below expectations, with weaker core net profit quarter-on-quarter (q-o-q) and year-on-year (y-o-y).