Posted by johnwooo23 > 2014-04-12 19:34 | Report Abuse

Of course you are right patience wil pay one day.tambun I bought 0.75 until 1.91 I sold all.but I still stuck in instaco. Saddddd

Posted by davors > 2014-04-14 09:23 | Report Abuse

last call for GLOMAC before it fly up high from 1.090~!

Posted by bekful > 2014-04-14 10:09 | Report Abuse

is moving..

Posted by johnwooo23 > 2014-04-14 13:25 | Report Abuse

even stay stil 1.08 dont worry , you gt dy 6% rather than u keep fd 3%

Posted by davors > 2014-04-14 16:25 | Report Abuse

chiong ah!!!

Posted by pradeep > 2014-04-15 00:02 | Report Abuse

Glomac fundamental are good and it is undervalued anytime it will move higher target first 1.35 and thereafter higher. Boarding to move up.

Posted by Ng MC Angie > 2014-04-15 00:09 | Report Abuse

Glomac , pls give investor confident

Posted by johnwooo23 > 2014-04-15 09:40 | Report Abuse

everyday up 2cent 3cent enough ....let other investor start focus on glomac and push the price up

Posted by tpchuayap > 2014-04-15 10:50 | Report Abuse

train is moving ? 140 ?

Posted by johnwooo23 > 2014-04-15 11:19 | Report Abuse

very soon wil go to 1.3 , hopefully

Posted by jenabchen123 > 2014-04-16 00:40 | Report Abuse

1.40! loike it and will join tomorrow.

Posted by pradeep > 2014-04-17 07:43 | Report Abuse

Let us see the first target breaking above 1.21

Posted by Teh_Invest > 2014-04-21 17:37 | Report Abuse

the mgmt is not keen for their counter to rise.

Posted by Ng MC Angie > 2014-04-21 20:20 | Report Abuse

Sleeping stake

Posted by Teh_Invest > 2014-04-22 10:47 | Report Abuse

sleeping and steady

Posted by davors > 2014-04-23 16:38 | Report Abuse

steady sleeping...

Posted by Teh_Invest > 2014-04-24 16:14 | Report Abuse

Zzzzzz.....

Posted by Ng MC Angie > 2014-04-24 22:57 | Report Abuse

Zzzzzzzz but don't sleep til drop.

Posted by Teh_Invest > 2014-04-25 10:54 | Report Abuse

Hibernating.... no worries...

Posted by davors > 2014-04-25 15:20 | Report Abuse

coming soon~!

Posted by Teh_Invest > 2014-04-25 15:37 | Report Abuse

..... i hope so too...

Posted by dragonking > 2014-04-25 16:08 | Report Abuse

glomac is the taiko for property stock,,,tapi tak jalan,,,why???

Posted by davors > 2014-04-25 16:40 | Report Abuse

today punya volume is quite high~

Posted by davors > 2014-04-25 16:40 | Report Abuse

maybe taitaiko wanna buy at not too high price...
let's hold on~

Posted by Teh_Invest > 2014-04-25 16:45 | Report Abuse

dragonking, now you mentioned glomac is the taiko now i know why it doesn't really jalan.

tell me when do you see the taiko jalan in front when there's a war or something?

they shout and the soldiers or its '"kelefe" all charge first. If all die he runs, if the fight looks good then he charge to its max. so we must wait longer then. haha!

Posted by dragonking > 2014-04-25 16:47 | Report Abuse

see glomac do magic 1240 or 134.

Posted by dragonking > 2014-04-25 16:48 | Report Abuse

volume 2430 and 130...playing a fool.

Posted by davors > 2014-04-25 18:13 | Report Abuse

hahaha... i saw that too... but i wonder how they change so fast?
it is like 1 sec change very time...

Posted by tjhldg > 2014-04-28 00:55 | Report Abuse

: )

Posted by johnny cash > 2014-04-29 20:26 | Report Abuse

KENANGA REPORT TODAY----------ON OUR RADAR


Glomac Berhad
Affordable Houses to Bolster Demand

Rating Fair Value
Last Price RM1.10
Kenanga Trading Buy RM1.27
Consensus NEUTRAL RM1.22

INVESTMENT MERIT
· 9M14 results below expectations. 9M14 results made up 57% of
consensus estimates, as core earnings were RM71m (after stripping
off RM15m one-off gain on disposal of its Australian investments),
due to higher costs from construction and land conversion premium
in Saujana Rawang. The group has also lowered its FY14E sales
target to RM0.5b from RM0.7b as they hold back launches (e.g.
Lakeside Resideces) due to challenging market conditions. As at
9M14, Glomac has unbilled sales of RM792m, which provides
slightly more than 1 year earnings visibility. Management is targeting
at least RM800m launches in FY15 with main contributors being
Glomac Damansara Retail Mall, Saujana Rawang, Centro V and
also Lakeside Residence. Assuming a 70% take-up rate, FY15
sales could be around RM0.5-0.6b. We have reduced our FY14E
earnings assumption by 12.8% to RM111m since our last On Our
Radar note issued on 11th June 2013.
· Affordable township landbanking in Johor. On 21st March 2014,
Glomac entered into a SPA with Precious Quest Sdn Bhd to acquire
the latter for RM22.7m (RM3psf) which has the rights to develop
174.2ac of leasehold land in Kulaijaya, Johor. The project GDV is
RM700m and is slated to be a mixed development focusing on the
more resilient landed affordable housing market. Significant
earnings contribution is likely post FY16. Glomac’s remaining GDV
of RM6.8b comprises of 97% Klang Valley, and 3% Johor. The
Johor based project is Sri Saujana in Kota Tinggi, which started
back in 1995.
· Sizeable affordable housing content to bolster demand going
forward. In light of recent government policies aimed at combating
speculation in the property market, we believe the affordable
housing segment will prove resilient as it targets more genuine
house buyers. Glomac’s affordable housing projects is est. at 60%-
70% of total GDV. The group will be launching properties with price
range of RM400-600k for 2-storey link houses, and RM800k+ for
Semi-D’s in Saujana Rawang. Furthermore, we anticipate demand
surge in 2HCY14 pre-GST implementation (April 2015), especially
for affordable landed properties.
· Stable dividends. Management recently proposed a single tier
interim dividend of 2.25 sen during the 3Q14 results. Despite not
having a formal dividend policy, the group is targeting 4.9 sen NDPS
in FY14F, which suggest 4.4% dividend yield at current levels.
· TP has been lowered to RM1.27 based on wider 50% discount on
our updated FD RNAV of RM2.54. Back when we issued our On
The Radar note back on 11th June 2013, our TP was RM1.45 based
on 30% discount to its FD RNAV of RM2.08. The higher RNAV is
due to updating of new landbanks and balance sheet figures.
However, we opted to widen their RNAV discount factor to 50% to
reflect the more challenging environment. The discount is wider than
our average discount of 40% for developers under our coverage due
to its market capitalisation size. Additionally, our TP implies 6.6x
FY15E PER which is within its peer’s range of 6.7x but below their
historical average of 7.5x. Even with our conservative TP, it provides
a decent total return of 19.9%. Trading BUY.

Posted by johnny cash > 2014-04-29 20:26 | Report Abuse

Comment: Last week, GLOMAC confirmed a breakout
from the “Symmetrical Triangle” resistance level at
RM1.08. This was seen as a major bullish move, hinting
that the share is poised to enter into another round of bull
run. Despite the temporary consolidation, we reckon that
the long-term technical outlook of GLOMAC is bullish.
With the share price now hovering just above the
“resistance-turned-support” level, traders should take any
share price weakness as an opportunity to buy on dips.
From here, we expect the share price to eventually rally
towards RM1.50 in one year time. Meanwhile, downside
should be limited by placing a stop-loss level at RM1.05.

Posted by johnny cash > 2014-04-29 20:27 | Report Abuse

About the stock:
Name : Glomac Bhd
Bursa Code : GLOMAC
CAT Code : 5020
Key Support & Resistance level
Resistance : RM1.18 (R1) RM1.24 (R2) RM1.32 (R3)
Support : RM1.08 (S1) RM1.00 (S2) RM0.93 (S3)
Outlook : Bullish

Posted by johnny cash > 2014-04-29 20:28 | Report Abuse

BUSINESS OVERVIEW

Glomac Berhad is a property development company which was
established back in 1988 and listed in 2000. The groups core business
remains property development with greater focus on prime land in the
Klang Valley and greater Kuala Lumpur region.

The group has completed more than RM4b in total sales value for
townships, residential, commercial, and mixed development properties
and has a total GDV of RM10.8b.
BUSINESS SEGMENTS

Glomac’s current projects are mainly located in the the Klang Valley,
one township in Johor and townships in Cyberjaya. The groups core
business breakdown by EBIT is; (i) Property Development (98%), and
Construction (2%).

Posted by ChartMaster > 2014-04-30 12:02 | Report Abuse

the counter needs to rebounce these few days in order to start a bullish trend

Posted by Greenpower > 2014-04-30 16:40 | Report Abuse

most of d project are in hot port.

Posted by weijian > 2014-04-30 17:26 | Report Abuse

Coming......

Posted by Teh_Invest > 2014-05-02 11:26 | Report Abuse

it seems yet again their mgmt still wants this counter to be a sleeping counter.

Posted by kkng0819kk > 2014-05-05 13:07 | Report Abuse

Pick up if below 1.05

Posted by johnwooo23 > 2014-05-08 11:36 | Report Abuse

when will announce the dividen this month or nx month ??

Posted by davors > 2014-05-08 12:31 | Report Abuse

normally on May... but already know is 2.25cent... just to know when Ex~

Posted by johnwooo23 > 2014-05-08 12:36 | Report Abuse

Noted n 10s bro

Posted by davors > 2014-05-13 07:37 | Report Abuse

Glomac lines up property launches worth RM1b
http://www.thesundaily.my/news/1043927

Posted by ywcheok > 2014-05-13 18:39 | Report Abuse

All in.

Posted by Value Investor > 2014-05-13 22:01 | Report Abuse

Hmmm...No so agree, their plan suddenly can change one, last year also announced 1billion but lastly reduce to 700million and price sudden drop, shareholder get trap and loss... Futhermore bnm going to increase interest rate on end of june meeting, which may have impact on property segment...

Posted by ywcheok > 2014-05-13 23:19 | Report Abuse

Omg...

Posted by Gabriel Khoo > 2014-05-14 00:08 | Report Abuse

Restrategize and repricing. They are conservertive. "Family business"

Posted by midas_max > 2014-05-14 09:03 | Report Abuse

VALUE INVESTOR: U tik BNM will going to increase interest rate? bt i dnt tik so. If tis year interest rate increase, next year GST. So wat will the rakyat respon to tis changing? hehe...
My opinion is tis year interest rate remain unchange. Nid wait to next year lor.
Properties sales in Glomac tis round should be good. Coz due to GST, no ppl wan to pay more buy properties whn GST started. U try imagine, 1 unit cost 600 k, been charge 6 % = 36 k. Wat u feel...

Posted by ywcheok > 2014-05-14 10:23 | Report Abuse

Midas, property sales on this round is good or bad?
Cus u say good but u explain gst will make sales bad..

Posted by Midas_max > 2014-05-15 09:11 | Report Abuse

GST will increase the housing price. 1 unit 600k, u buy after GST is around 636 k. U nid pay another extra 36 k. So for those afford to buy properties, they will buy now bt not after. Whn implementation of GST, the properties counter will face negatic impact, tat is increase of input cost due to GST, less buying power. So nid time to solute tis impact. Property syer still can invest now but not after GST. Tis is my view. Any comment, welcome share to me.

Posted by davors > 2014-05-15 16:16 | Report Abuse

for GST, residential properties fall under the “Exempt Rated”, not a direct 6% on sales price la...
http://loanstreet.com.my/learning-centre/How-GST-Will-Impact-Home-Prices-&-The-Property-Market