GLOMAC Stock Forum

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.

The Bursa property companies had a tough few years. Covid-19 affected my companies in Malaysia and the property companies were no exception. But the problems for the property companies started long before Covid-19 with a soft market that began with the govt efforts to curb speculation in the 2016/17.
But I think there is light at the end of the tunnel and as such many property companies could be under priced from a fundamental perspective. One example is Glomac that ...

Glomac's Loop City merges quality living with affordability, primarily targeting young professionals, first-time homebuyers and retirees. The blend of green building certification and 5G compliance boosts its appeal, marking it as an appealing investment option.