Posted by ivan9511 > 2018-06-06 23:17 | Report Abuse

Walau ehhhh
For past two year this time is the most good net profit
Same epf as tropicana and ksl and wct
Glomac should same 90sen as wct ksl and trop
Because earning power same strong

Posted by TheSyndicate > 2018-06-22 04:30 | Report Abuse

Good fundamentals. Time to stock up. Buy low now.

Posted by nkk53 > 2018-07-19 15:34 | Report Abuse

Pick up 0.44

Posted by dex > 2018-07-21 07:00 | Report Abuse

Ok get ur ticket. Fly soon. But not very soon.

Posted by nkk53 > 2018-07-24 19:37 | Report Abuse

0.44 almost 8 yr low.Right time to accumulate.Property downturn will not normally last forever

Posted by nkk53 > 2018-08-25 11:05 | Report Abuse

Bought 0.42 to average

Posted by addison25 > 2018-09-13 12:52 | Report Abuse

12-Sep-2018 (ex date) 14-Dec-2018 DIVIDEND Final Dividend RM 0.015

Posted by jordanmaggie61 > 2018-09-13 14:16 | Report Abuse

Looks good to buy,profit incoming.....

Posted by BlackWhite > 2018-10-02 15:06 | Report Abuse

Will drop further, country recovering need at least one year

Posted by A D > 2018-10-25 18:11 | Report Abuse

Its time to sell this share and place yr money in other sharers like P&O which gives you a DY of 6.3%
I came to this decision after attending its AGM 2018 yesterday. I was surprised the Chairman, may be he is too old and could hardly contribute any positive action. However the CEO was more positive. I could not comprehend why MSWG was not invited to the AGM. Please explain to us in your website.

Posted by ivan9511 > 2018-11-02 18:39 | Report Abuse

Hi guys
Glomac banyak duit ka ?
So expensive 41sen sbb high volume
Last time only 36 Sen sbb sikit sikit
Now very expensive 41sen sbb 180000.
Many cash please donate to poor people

Posted by nkk53 > 2018-12-20 17:49 | Report Abuse

Malton=Glomac=0.40 today.
Which is better?

Posted by nkk53 > 2019-01-05 09:31 | Report Abuse

So cheap and undervalue,major shareholders should privatise Glomac

Posted by nkk53 > 2019-01-13 13:49 | Report Abuse

Go for it,if below 0.38

Posted by nkk53 > 2019-02-28 11:03 | Report Abuse

Finally,glomac lai liew

Posted by nkk53 > 2019-03-19 10:26 | Report Abuse

Aggresive buy back....but still declining?????

Posted by ivan9511 > 2019-03-19 17:32 | Report Abuse

I agreed Glomac is a very kind company becos they day day die die share buy back but just price keep drop to 36sen
For me I actually quite like glomac propert because price + location + quliity actually is good.
Actually I got some friends buy glomac property they 99% is said good , price also reasonable , quality and location good also .
not like other compoany too espensive
For me Glomac should be at least at 80sen or above
why ?
1st : keep giving dividend
2nd : location is good in PJ
3rd : I like the glomac design also

just buy while 36sen
I cannot see any reason why bo buy
I still \belive Glomac and Mah sing , Tambun , Trop , Spsetia should be at same price
so I said Glomac at leat 80sen to 1 ringgit
at least 70sen should be very easy
Boss is doing hard
Hope this month qr will surprise you

Posted by beso > 2019-03-19 21:10 | Report Abuse

quarterly profit for q3 plunged 70.3% yoy，habislah counter ni

Posted by ivan9511 > 2019-03-20 00:26 | Report Abuse

glomac cannot upor down one
bcos support by sbb somemore results is acceptable at this situation
dun you see many loss counters limit upppppppppppppp
I also lazy to point out
just remember many limit uppppppppppppppp counters is not a good qr counter
normally results soso and still a little bit net profit will limit upppppp
but right now even a loss counter also limit uppp
if too super good profit counter normaly no up one see pecca , favco affin
remeber limit upppp counter never a good profit counter

Posted by ivan9511 > 2019-03-20 16:27 | Report Abuse

as I say this glomac cannot go anyway already , just wait they give dividend or bonus
no harm to keep

Posted by Patpat Teo > 2019-03-21 20:37 | Report Abuse

Maybe later like Selangor properties..

Privatise..

Then fat fat Adi...

Buy now

Posted by commonsense > 2019-03-25 16:03 | Report Abuse

The 9m19 result of only RM3.4mil profit to shareholder is a far cry to the company’s peak result of RM108mil profit achieved in FY14 (9m14 result was RM86mil). 9m19 result is the worst result ever achieve by the company in the past 10 years. The disappointing result just show how challenging the property market has turn. FY20 is not expected to be any better with the slowdown of property expected to persist for the rest of 2019 (as per management guidance in the 3Q19 report).

Assuming Glomac can end the FY19 with RM5mil profit to shareholders, at the current share price, the company is being valued at a lofty PE of 58.4x.

If you are looking to hedge your portfolio outside of Glomac (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by nkk53 > 2019-04-22 20:26 | Report Abuse

Time for Glomac to climb

Posted by nkk53 > 2019-05-21 15:41 | Report Abuse

Glad that major shareholder is buying

Posted by ivan9511 > 2019-05-30 16:44 | Report Abuse

Buy too much. Will easy to private soon
But Glomac nta too high if private like Maa on 1.10ringgit maybe shareholders need higher prices.
Glomac shouldn't let Nta such high no good for them to private at cheap prices.
The only way is let go asset and give special dividend 50sen or 60sen to reduce nta .
Later private got road block.
Glomac property all on good golden location pj and all very near to public transport like mrt .
This one must watch better than ecoword

Posted by nkk53 > 2019-07-12 11:35 | Report Abuse

Non bumi substantial shareholder had not been buying.No sign of privatisation yet

Posted by Callmejholow > 2019-10-15 09:48 | Report Abuse

plaza kj is moving fast! main con awarded already!

Posted by dare2join > 2019-11-25 17:59 | Report Abuse

good result

Posted by ivan9511 > 2019-11-25 21:50 | Report Abuse

As usual Glomac successfully made a big net profit improving
High nta
Revenue net profit cantik cantik
Improve more than 400% this time
But share price 36sen
Can up or cannot up is another story
Our country not like other
This super counter at western bull market now
At least 1.00 ringgit to 1.50 ringgit
But here net loss can up like Tiger from 3sen to 8sen
Glomac already long time low price
Hope market give back Glomac real to 1 ringgit
Glomac is a good property developers

Posted by sasword > 2019-11-26 13:27 | Report Abuse

No buyers and no sellers either, price will static until some "special fund" moving in.

Posted by sasword > 2019-11-26 17:12 | Report Abuse

Since property used to have a lot of "black money" flowing in and out...

Posted by sasword > 2019-11-29 17:18 | Report Abuse

Welcome to buy at 0.30

Posted by ivan9511 > 2019-12-10 19:55 | Report Abuse

Of course hold la.
Glomac is ok
The property if for me is reasonable.
And most important is they not like xxxland after buy in many billions land then no made any develop and after so many years the price drop to lowest from highest then suddenly want private at cheap price. Small kaki cry cry cry .
And the xxxland got many golden values land which already increase so much from last time they not in.
Land sure got value.
So Glomac is better than those
At least Glomac got bonus got dividen
Some xxxland no dividend no bonus wait price lowest then private
So I support Glomac and tropicana those gentlemen company

Posted by James Ng > 2020-02-03 08:25 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-02-03-story-h1483017736.jsp
[转贴] [GLOMAC BHD：今年，他们期望推出价值超过9亿令吉的新产业，引入有地和高层住宅产品的健康组合，以迎合可负担的中端市场；其在蒲种（Puchong）极为成功的旗舰项目中，他们计划将高层住宅产业引入今年的发展] - James的股票投资James Share Investing

Posted by limsawkean1998 > 2020-03-26 13:15 | Report Abuse

This counter results so good why only 28sen
For those who buy at lowest 24sen should feel like kena jackpot
In this difficult time still can up like this super net profit

Date

Subje
25-Mar-2020 Quarter Result Quarter Result on 31-Jan-2020[#3] QoQ - 117.23% YoY - 747.84

Posted by thesteward > 2020-04-23 17:42 | Report Abuse

Glomac nta is above rm1.40
And making good profits
P/e 7.76

Very attractive

Posted by thesteward > 2020-04-27 21:50 | Report Abuse

Just be patient matter of time only this gem will reflect its value

Posted by limsawkean1998 > 2020-05-01 10:46 | Report Abuse

Actually results keep improving a lot last few qr.
Nta keep improving and the boss keep buy
But really cannot believe drop below 30sen while other property counter keep going higher example simepro uems Ksl all go up some go very high some keep slowly go up some lost also slowly go up.
GLOMAC got problem
Why cannot move for so many years

Posted by Good123 > 2020-06-11 09:12 | Report Abuse

moving now touched 30sen

Posted by Victor Yong > 2020-06-11 09:13 | Report Abuse

small market cap, easier to privatise


Market Cap: 232 Million
NOSH: 800 Million

Posted by Victor Yong > 2020-06-11 09:16 | Report Abuse

sapu macam ini, tak naik ada hantu :)

01-Jun-2020 01-Jun-2020 01-Jun-2020 Buyback 65,000 0.285 0.290 18,785.79 View Detail
28-May-2020 28-May-2020 28-May-2020 Buyback 50,000 0.280 0.280 14,093.24 View Detail
27-May-2020 27-May-2020 27-May-2020 Buyback 60,000 0.275 0.280 16,658.22 View Detail
22-May-2020 22-May-2020 22-May-2020 Buyback 22,000 0.275 0.280 6,202.05 View Detail
19-May-2020 19-May-2020 19-May-2020 Buyback 35,000 0.285 0.285 10,041.44 View Detail
18-May-2020 18-May-2020 18-May-2020 Buyback 10,000 0.285 0.285 2,893.26 View Detail
15-May-2020 15-May-2020 15-May-2020 Buyback 31,000 0.285 0.290 8,903.21 View Detail
14-May-2020 14-May-2020 14-May-2020 Buyback 20,000 0.285 0.285 5,744.11 View Detail
13-May-2020 13-May-2020 13-May-2020 Buyback 40,000 0.280 0.290 11,306.80 View Detail
12-May-2020 12-May-2020 12-May-2020 Buyback 77,000 0.290 0.295 22,594.99 View Detail
08-May-2020 08-May-2020 08-May-2020 Buyback 50,000 0.295 0.295 14,848.24 View Detail
06-May-2020 06-May-2020 06-May-2020 Buyback 75,000 0.295 0.300 22,340.31 View Detail
05-May-2020 05-May-2020 05-May-2020 Buyback 52,000 0.300 0.305 15,714.37 View Detail
04-May-2020 04-May-2020 04-May-2020 Buyback 27,000 0.300 0.305 8,230.05 View Detail
30-Apr-2020 30-Apr-2020 30-Apr-2020 Buyback 51,000 0.300 0.305 15,407.04 View Detail
29-Apr-2020 29-Apr-2020 29-Apr-2020 Buyback 70,000 0.295 0.310 21,062.35 View Detail
28-Apr-2020 28-Apr-2020 28-Apr-2020 Buyback 130,000 0.300 0.310 39,652.34 View Detail
27-Apr-2020 27-Apr-2020 27-Apr-2020 Buyback 41,000 0.310 0.310 12,794.66 View Detail
24-Apr-2020 24-Apr-2020 24-Apr-2020 Buyback 90,000 0.305 0.320 28,384.79 View Detail
23-Apr-2020 23-Apr-2020 23-Apr-2020 Buyback 111,000 0.300 0.310 34,091.65 View Detail
22-Apr-2020 22-Apr-2020 22-Apr-2020 Buyback 85,000 0.300 0.315 26,191.79 View Detail
21-Apr-2020 21-Apr-2020 21-Apr-2020 Buyback 75,000 0.305 0.310 23,102.85 View Detail
20-Apr-2020 20-Apr-2020 20-Apr-2020 Buyback 99,000 0.310 0.320 31,442.53 View Detail
17-Apr-2020 17-Apr-2020 17-Apr-2020 Buyback 90,000 0.300 0.315 27,804.96 View Detail
16-Apr-2020 16-Apr-2020 16-Apr-2020 Buyback 40,000 0.295 0.300 11,947.05 View Detail
15-Apr-2020 15-Apr-2020 15-Apr-2020 Buyback 60,000 0.295 0.300 17,968.89 View Detail
14-Apr-2020 14-Apr-2020 14-Apr-2020 Buyback 89,100 0.295 0.305 26,854.21 View Detail
13-Apr-2020 13-Apr-2020 13-Apr-2020 Buyback 43,000 0.295 0.305 12,838.74 View Detail
10-Apr-2020 10-Apr-2020 10-Apr-2020 Buyback 42,000 0.290 0.300 12,375.28 View Detail
09-Apr-2020 09-Apr-2020 09-Apr-2020 Buyback 101,000 0.290 0.295 29,739.27 View Detail
08-Apr-2020 08-Apr-2020 08-Apr-2020 Buyback 111,000 0.285 0.300 32,750.78 View Detail
07-Apr-2020 07-Apr-2020 07-Apr-2020 Buyback 20,000 0.295 0.295 5,944.17 View Detail
06-Apr-2020 06-Apr-2020 06-Apr-2020 Buyback 101,900 0.290 0.300 29,922.20 View Detail
03-Apr-2020 03-Apr-2020 03-Apr-2020 Buyback 82,500 0.295 0.300 24,740.44 View Detail
02-Apr-2020 02-Apr-2020 02-Apr-2020 Buyback 88,000 0.295 0.300 26,327.79 View Detail
01-Apr-2020 01-Apr-2020 01-Apr-2020 Buyback 146,300 0.285 0.300 42,989.39 View Detail
31-Mar-2020 31-Mar-2020 31-Mar-2020 Buyback 40,000 0.295 0.300 11,999.39 View Detail
30-Mar-2020 30-Mar-2020 30-Mar-2020 Buyback 106,000 0.285 0.295 30,998.09 View Detail
27-Mar-2020 27-Mar-2020 27-Mar-2020 Buyback 132,000 0.290 0.300 39,066.47 View Detail
26-Mar-2020 26-Mar-2020 26-Mar-2020 Buyback 103,000 0.285 0.295 30,089.67 View Detail
24-Mar-2020 24-Mar-2020 24-Mar-2020 Buyback 216,500 0.270 0.285 61,546.80 View Detail
23-Mar-2020 23-Mar-2020 23-Mar-2020 Buyback 193,000 0.260 0.285 51,874.20 View Detail
20-Mar-2020 20-Mar-2020 20-Mar-2020 Buyback 170,000 0.255 0.290 48,293.51 View Detail
19-Mar-2020 19-Mar-2020 19-Mar-2020 Buyback 312,500 0.240 0.270 79,148.65 View Detail
18-Mar-2020 18-Mar-2020 18-Mar-2020 Buyback 62,000 0.260 0.270 16,670.49 View Detail
17-Mar-2020 17-Mar-2020 17-Mar-2020 Buyback 42,000 0.265 0.270 11,212.59 View Detail
16-Mar-2020 16-Mar-2020 16-Mar-2020 Buyback 22,000 0.290 0.300 6,512.35 View Detail
13-Mar-2020 13-Mar-2020 13-Mar-2020 Buyback 5,000 0.300 0.310 1,562.86 View Detail
12-Mar-2020 12-Mar-2020 12-Mar-2020 Buyback 15,000 0.315 0.320 4,819.84 View Detail
10-Mar-2020 10-Mar-2020 10-Mar-2020 Buyback 5,000 0.325 0.330 1,680.90 View Detail
09-Mar-2020 09-Mar-2020 09-Mar-2020 Buyback 5,000 0.325 0.325 1,667.89 View Detail
05-Mar-2020 05-Mar-2020 05-Mar-2020 Buyback 10,000 0.335 0.335 3,393.41 View Detail
04-Mar-2020 04-Mar-2020 04-Mar-2020 Buyback 14,400 0.330 0.335 4,846.25 View Detail
03-Mar-2020 03-Mar-2020 03-Mar-2020 Buyback 32,000 0.335 0.340 10,801.06 View Detail
28-Feb-2020 28-Feb-2020 28-Feb-2020 Buyback 23,900 0.330 0.345 8,069.46 View Detail
27-Feb-2020 27-Feb-2020 27-Feb-2020 Buyback 52,000 0.335 0.345 17,656.42 View Detail
26-Feb-2020 26-Feb-2020 26-Feb-2020 Buyback 21,500 0.340 0.350 7,378.17 View Detail
25-Feb-2020 25-Feb-2020 25-Feb-2020 Buyback 25,000 0.340 0.345 8,581.78 View Detail
24-Feb-2020 24-Feb-2020 24-Feb-2020 B

Posted by Good123 > 2020-06-11 09:27 | Report Abuse

NTA rm1.42, PE 6 , eps 4.02

Posted by Good123 > 2020-06-11 09:49 | Report Abuse

As at As at
31/01/2020 30/04/2019
RM'000 RM'000
(Unaudited) (Audited)
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 44,654 47,426
Rights of use of lease assets 10,379 -
Prepaid lease payments on leasehold land - 48
Investment properties 375,475 375,475
Inventories - land held for property development 764,184 784,908
Investment in associated companies 28,748 29,204
Other investments 4,000 4,000
Goodwill on consolidation 395 395
Deferred tax assets 56,759 35,798
Total Non-current Assets 1,284,594 1,277,254
CURRENT ASSETS
Inventories - completed units 123,452 132,750
Inventories - property development costs 92,399 77,911
Contract assets 52,471 70,643
Contract costs 7,284 5,860
Trade receivables 96,401 124,970
Other receivables 35,011 28,905
Tax recoverable 23,251 26,783
Fixed deposits and short term placements 35,563 24,340
Cash and bank balances 136,962 130,276
Total Current Assets 602,794 622,438
TOTAL ASSETS 1,887,388 1,899,692
EQUITY AND LIABILITIES
EQUITY
Issued capital 418,632 418,632
Reserves:-
Capital reserve 300 300
Equity-settled employee benefits reserve 3,535 4,686
Foreign currency translation reserve 594 715
Retained earnings 694,195 678,215
Reserves 698,624 683,916
Treasury shares (11,369) (10,413)
Restricted shares grant reserve (1,387) (1,387)
Equity attributable to owners of the Company 1,104,500 1,090,748
Non-controlling interests 37,293 34,112
TOTAL EQUITY 1,141,793 1,124,860
GLOMAC BERHAD (110532-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2020
Page 3

Posted by Good123 > 2020-06-11 09:49 | Report Abuse

strong financial position

Posted by Good123 > 2020-06-11 09:50 | Report Abuse

retained earnings~rm700mil, profitable company. market cap rm200mil , privatisation is possible

Posted by Good123 > 2020-06-11 09:54 | Report Abuse



“Six out of eight developers under our coverage (including Glomac’s quarterly result ended January) have reported their quarterly results for the first quarter period. Excluding Glomac, all five developers’ results came in below expectations. This was the biggest disappointment since 2010. " said TA Securities.

PETALING JAYA: Local property developers are likely to chart better earnings performances towards the final quarter of this year, as confidence slowly returns to the market.

TA Securities said the brighter outlook is premised on factors such as an expected economic recovery, reintroduction of the home ownership campaign (HOC), sector-benefiting policies and an accommodative interest-rate environment.

“While our economist believes Bank Negara will stay pat on the 2% overnight policy rate for the rest of 2020, she does not rule out another reduction in interest rate should the economic situation worsens, like another wave of infections leading to another movement control order (MCO) phase.

“Historical-low US fed fund rate, as well as muted inflation, would be supportive of another rate cut, if any, ” said the research house in a report.

TA Securities said its recent engagement with developers suggested that all of them have put in place integrated digitalised sales processes.

These include the launching of virtual show units on their official website, boosting of more digital campaigns, conducting online bookings and payments as well as adding incentives for online sales conversion.

“To our surprise, we see positive market acceptance towards buying property online as several developers reportedly garnered encouraging bookings during the MCO period.

“We expect this online sales trend to continue even after the MCO and expect developers who are able to reach out to their buyers more innovatively to stand out among the peers.”

To tackle the rise in Covid-19 infections in the country, the government implemented the MCO on March 18. On May 4, a conditional MCO (CMCO) was enforced to allow businesses to re-open to recover the economy. The CMCO has been extended to June 9.

Commenting on the first-quarter earnings season, TA Securities said the financial results of nearly all of the developers under its coverage came in below expectations.

“Six out of eight developers under our coverage (including Glomac’s quarterly result ended January) have reported their quarterly results for the first quarter period. Excluding Glomac, all five developers’ results came in below expectations. This was the biggest disappointment since 2010.

“Generally, the weaker-than-expected results were largely due to more-severe-than-expected impact from the two-week MCO in March, resulting in lower progress of works and margin (for all developers) and weaker contribution from hospitality and leisure business, which were not allowed to operate during the MCO.”

The research house said the scale of damage from the MCO to developers’ earnings was greater-than-expected.

“The sector’s pre-tax profit plunged 43% year-on-year and 58% quarter-on-quarter in the first quarter of 2020. The earnings decline was widespread across all developers.

“In terms of property sales performance, the sector’s first-quarter aggregate property sales decreased by 6% year-on-year and 49% quarter-on-quarter. Excluding overseas sales, the sector’s aggregate property sales sank further by 29% year-on-year and 64% quarter-on-quarter in the first quarter of 2020.”

Notwithstanding the MCO impact, TA Securities said a spike in property sales in the fourth quarter of 2019, due to eleventh-hour purchases by home buyers taking opportunity of the incentives offered under the HOC, also caused the steep sequential slowdown in domestic sales.

Posted by Good123 > 2020-06-11 09:57 | Report Abuse

Treasury shares
On 23 October 2019, the shareholders of the Company renewed their approval
for the Company‟s plan to repurchase its own ordinary shares. During the year-to-
date financial period, the Company has repurchased 2,525,700 units of its own
ordinary shares with total amount paid amounted to RM956,469. As at 31
January 2020, the Company holds 22,226,500 of its issued ordinary shares
repurchased from open market at an overall average price at RM0.51 per share.
These shares are being held as treasury shares in accordance with Section 127
of the Companies Act, 2016.

Posted by Good123 > 2020-06-11 10:10 | Report Abuse



Over the last few weeks, companies that have been buying back their shares included Berjaya Corp Bhd, IGB Bhd, Fajarbaru Builder Group Bhd, Ranhill Holdings Bhd, SEG International Bhd, Glomac Bhd, Tropicana Corp Bhd, Brem Holdings Bhd, Mitrajaya Holdings bHd and TRC Synergy Bhd.(Pic shows IGB's Mid Valley Megamall.)

PETALING JAYA: Share buybacks are on the rise among public-listed companies as they look to support the market price of their own companies amid the Covid-19 pandemic.

While dividends and capital appreciation may be one of the ways for a company to reward its shareholders, share buybacks can be another option, particularly when the company’s share price has dropped significantly.

The effect of a buyback is to reduce the number of outstanding shares in the market, which increases the valuation matrices that are based on the outstanding equity, like PE ratio.

Over the last few weeks, companies that have been buying back their shares included Berjaya CorpBhd, IGB Bhd, Fajarbaru Builder Group Bhd, RANHILL HOLDINGS BHD, SEG International Bhd, GLOMAC BHD, Tropicana Corp Bhd, BREM Holdings Bhd, Mitrajaya Holdings Bhdand TRC SYNERGY BHD.

The companies are in the diversified retail, property, construction, education and utilities sectors. Many property companies have also been buying back their shares regularly over a long period. This is probably due to the property market being lacklustre for years.

However, there are many companies that started earlier this year following the poor economic environment.

In general, share buybacks are a positive sign and a company would buy back its shares using its accumulated cash.

Berjaya Group started actively buying its shares on March 10, after a two-year hiatus. The last time it bought back its shares was on Aug 28,2018.

On March 10, Berjaya Corp bought three million of its own shares at between 22 sen and 23 sen, thus giving it a value of RM666,874. At that time, it had some 53 million net outstanding shares in its treasury.

Fast forward to April 13, and the company now has some 216.5 million net outstanding shares in its treasury. On the same day, it also purchased eight million more shares priced between 19 sen and 19.5 sen, valued at some RM1.55mil. Cumulatively, Berjaya now holds some 4.15% of its shares in treasury.

Another company that has been consistently buying its shares is Ranhill. It started on March 3, at a price of 95 sen, and with zero net outstanding shares in its treasury.

As of April 13, it was still buying back its shares, but at a price of between RM1 and RM1.03. It had accumulated net outstanding treasury shares of 5.11 million shares.

Ranhill’s share buyback also supported its flailing share price. It hit the year’s low at 82 sen on March 19, but has since been on an upward trajectory to reach RM1.02 yesterday.

The number of shares in its treasury make up 0.47% against its paid-up capital.

As for Fajarbaru, it started buying back its shares on March 27, following a four-year hiatus. The last time it bought back its shares was Nov 9,2016.

On March 27, it acquired its own shares at 22 sen, and had 1.47 million shares in its treasury. As of April 13, it was still acquiring shares, but at 25 sen, and had some 2.28 million shares in its treasury.

Most property developers are trading at huge discounts to their book value.

Furthermore, AmResearch said that the Covid-19 pandemic and movement control order may see property transaction volumes decline by up to 30% in the short-term, as seen in 1998 during the Asian financial crisis and Nipah virus outbreak.

AmResearch said most developers were now trading at a price to book value (P/BV) ratio of 0.2 times (x) to 0.4x, with the exception of Sunway (0.88x).

It said based on historical numbers, Malaysian property developers had traded in the range of 0.19x to 0.8x in 1998 and 0.17x to 0.85x in 2008 at their all-year low levels.

Property companies like Tropicana and Brem Holdings hold 2.32% and 4.62% of their shares in treasury respectively.

Glomac Bhd is an example of a property company which has been buying its shares. The latest streak began in Aug 25,2015. It started purchasing its shares at 75 sen and had 1.04 million shares in its treasury.

As of April 13, Glomac has 25.02 million shares in its treasury, making up some 3.13% against its paid-up capital.

Nonetheless Glomac’s share buyback has failed to support the shares as they closed at 29.5 sen per share yesterday.

On a five-year basis, Glomac’s share price has been down almost on a straight line.

Posted by Good123 > 2020-06-11 10:53 | Report Abuse

should buyback more. when the price above the cost of share buyback, can sell back to the market like genm

Posted by Victor Yong > 2020-06-11 11:19 | Report Abuse

Never below 30sen before except Mar 2020 onwards due to the lockdown. so, it would climb back to above 30sen soon with share buyback by the company and also the directors. :)


Date Price Open High Low Vol. Change %
Jun 20 0.295 0.290 0.300 0.280 949.90K 0.00%
May 20 0.295 0.300 0.305 0.275 9.48M -3.28%
Apr 20 0.305 0.290 0.330 0.285 10.50M 1.67%
Mar 20 0.300 0.335 0.340 0.240 5.12M -13.04%
Feb 20 0.345 0.330 0.360 0.330 1.41M -1.43%
Jan 20 0.350 0.365 0.380 0.350 1.45M -4.11%
Dec 19 0.365 0.360 0.375 0.350 1.20M 1.39%
Nov 19 0.360 0.360 0.375 0.350 538.00K 0.00%
Oct 19 0.360 0.360 0.375 0.355 761.90K -1.37%
Sep 19 0.365 0.370 0.380 0.360 885.40K -2.67%
Aug 19 0.375 0.395 0.395 0.370 1.42M -3.85%
Jul 19 0.390 0.380 0.390 0.370 3.15M 1.30%