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TA Research believes Glomac Bhd is unlikely to meet its full-year sales target of RM420mil to RM450mil, or 15% to 20% growth, despite encouraging take-up from its property projects.
KUALA LUMPUR: Glomac Bhd expects the property market to improve further in 2025 but remains cautious.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Glomac Bhd has established an Islamic medium term notes programme of up to RM3 billion in nominal value, to be utilised for land acquisition, capital expenditure and working capital.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Analysts have mixed views on property developer Glomac Bhd despite its earnings outlook forecast to be stable.
PETALING JAYA: Analysts have mixed views on property developer Glomac Bhd, as its performance for financial year 2024 (FY24) came in below expectations.
PETALING JAYA: MIDF Research foresees earnings outlook for Glomac Bhd to be tepid as it is expected to be dragged slightly by weaker margins.
Glomac Bhd is cautiously optimistic about an improvement in the property market for its financial year ending April 2025 amid ongoing concerns about higher construction costs.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.
Analysts are keeping their positive outlook over Glomac Bhd, buoyed by the group’s uplifting sales figures over its first fiscal quarter (1Q24) and its own optimistic perspective of the local property industry.
Glomac Bhd is poised for an exciting year as it gears up to launch RM700mil worth of new projects in its financial year ending 30 April, 2024 (FY24).
Glomac Bhd is expected to post stronger earnings for the financial year ending April 30, 2024 (FY24), owing to the easing labour shortage issue and the consequent improvement in progress billing, says MIDF Research.
PETALING JAYA: Glomac Bhd has expressed confidence for its outlook with an estimated 20% to 25% uptick in sales on the back of RM630mil worth of new launches for its financial year 2024.
KUALA LUMPUR: Glomac Bhd is acquiring from its group executive chairman Tan Sri Mohamed Mansor Fateh Din and major shareholder Mohd Yasin Loh Abdullah 1.37 million shares in Glomac Bina Sdn Bhd, representing the remaining 49% stake it does not own, for RM16.25mil.
Glomac Bhd expects its financial year 2024 (FY24) to be another challenging year amidst growing concerns on inflation, labour shortage, rising interest rates and material costs that are expected to affect the property sector.
KUALA LUMPUR: Stocks in focus on Friday include Sapura Energy, Kerjaya Prospek, Sunway, Kim Loong, Glomac, Gamuda, Hiap Teck, Pensonic and Jiankun, said Apex Research.
Glomac Bhd plans to continue its focus on the affordable and mid-market residential segments moving forward.
