Post Budget launch for Glomac projects
- 7 years ago
Property developer, Glomac's net profit for the first quarter of financial year 2015 of 20.8 million ringgit only accounted for 18 per cent of RHB Research's full year estimate.
The research house has downgraded the stock to a 'neutral' with a target price of 1 ringgit 28 sen indicating that it expects earnings to improve in subsequent quarters.
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The research house has downgraded the stock to a 'neutral' with a target price of 1 ringgit 28 sen indicating that it expects earnings to improve in subsequent quarters.
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