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.

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Partners by design

THERE have been times when presti­gious brands known for offering­market-leading luxury have joined forces to come up with unique offerings.

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Fateh Iskandar continues to head Rehda

PETALING JAYA (June 20): The Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured) will continue to lead the association for another term of two years till 2018, according to a Rehda press statement today.

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