Report
EUR 13.72 For Business Accounts Only

Increased risk weighs on GLOMAC BHD., penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of GLOMAC BHD. (MY), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date June 19, 2020, the closing price was MYR 0.28 and its target price was estimated at MYR 0.24.
Underlying
Glomac Bhd

Glomac is an investment holding company. Through its subsidiaries, Co. is engaged in property development and investment; project management; car park operations and management; building and turnkey contractor; trustee management and real estate investment. Co. is organised into three major businesses: Property Development, which consists of the development of residential and commercial properties for sale and sale of land; Construction, which is engaged in the construction of buildings; and Property Investment, which includes the investment of land and buildings held for investment potential and rental income.

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