KUALA LUMPUR: Glomac Bhd has described Budget 2025 as considerate, as it focuses heavily on helping young people and first-time homebuyers own their own homes.
Glomac group managing director and chief executive officer, Datuk Seri Fateh Iskandar Mohamed Mansor (FD Iskandar) said this could be seen through the announcement of individual tax relief of up to RM7,000 on housing loan interest payments.
Additionally, he mentioned that the intro...

Market Marks a Weaker Session Compared to Last Friday
Today’s session was weaker than the last trading day, with the Market Momentum Tracker falling into negative territory. Despite this, the short-term breakout count remains positive, with more breakouts than breakdowns.
However, the long-term trend still sits in negative territory, indicating that breakdowns continue to outnumber breakouts over a longer time frame. Most stocks retraced today followi...

Glomac Bhd's (KL:GLOMAC) latest financial year ended below market expectations, prompting two of three research houses covering the stock to downgrade it on limited upside following a recent rally.
All three research houses slashed their earnings forecasts with core net profit for the year ended April 30, 2024 (FY2024) coming in 53% lower than the consensus forecasts. AmInvestment Bank noted the Glomac's below-view earnings and l...

There are signs of an upward momentum for property developer Glomac Bhd as it broke out of its month-long triangle consolidation recently.
Higher trading volume also sent prices up to close at its multi-year high of 44 sen.
On the upside, prices may move towards the historical resistances at 44 sen followed by 48 sen next.
The counter was trading at a 52-week low of 30 sen last June.
In the past year, Glomac has climbed some 37.1% to close at 42 s...

Despite Glomac Bhd's weaker-than-expected results, analysts and investors anticipate improved sales and margins. The company's 'sturdy' balance sheet and 'undemanding' valuation, trading at a 76% discount, are also noted.

Good morning mooers! Here are things you need to know about today's market:
●US Stock Market Sees Late-Day Volatility
●Property stocks rally on declining unsold units, new launches
●Malaysian Capital Market Remains Resilient, But Faces Challenges
●Stocks to watch: Yinson, Scientex
-moomoo News MY
Wall Street Summary
Freshly listed stocks traded higher on Tuesday, but in the final hour of trading, the en...

Despite inflation concerns, Glomac remains hopeful about the property market, focusing on affordable and mid-market residential segments with quality, innovative and digital lifestyle concepts products.