Highlights
KLSE: GLOMAC (5020)       GLOMAC BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.30   0.00 (0.00%)  0.295 - 0.30  177,900
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Overview

Market Cap: 240 Million
NOSH: 800 Million
Avg Volume (4 weeks):268,930
4 Weeks Range:0.29 - 0.33
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.24 - 0.37
52 Weeks Price Volatility (%):
46.15%
Average Price Target: 0.39
Price Target Upside/Downside: +0.09
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Oct-2020 [#2]  |  25-Nov-2020
Next QR | Est. Ann. Date: 31-Jan-2021  |  25-Mar-2021
T4Q P/E | EY: 15.58  |  6.42%
T4Q DY | Payout %: 3.23%  |  50.23%
T4Q NAPS | P/NAPS: 1.3829  |  0.22
T4Q NP Margin | ROE: 7.39%  |  1.39%

Headlines

Date Subject
26-Nov-2020 Mplus Market Pulse - 26 Nov 2020
27-Oct-2020 PublicInvest Research Daily - 27 October 2020
27-Oct-2020 Mplus Market Pulse - 27 Oct 2020
26-Oct-2020 虽迎逆风 高美达续推新产业
24-Sep-2020 【行家论股/视频】高美达 房产销售有望反弹
15-Jul-2020 【行家论股/视频】高美达 股价上涨空间26%
15-Jul-2020 PublicInvest Research Headlines - 15 Jul 2020
13-Jul-2020 [转贴] [GLOMAC BHD:发展阶段持续进行及物业投资部门表现较佳,以及总体上节省了行政成本] - James的股票投资James Share Investing
26-Mar-2020 Mplus Market Pulse - 26 Mar 2020
26-Mar-2020 PublicInvest Research Headlines - 26 Mar 2020
19-Mar-2020 【行家论股/视频】高美达 调降明后年财测
03-Feb-2020 [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

Business Background

Glomac Bhd is a real estate development company. The company is engaged in the development of residential and commercial properties for sale and sale of land, construction of buildings and property investment. The group is organized into three areas of businesses: Property development; Construction; and Property investment. Property development includes the development of residential land commercial properties for sale and sale of land; Construction includes the construction of buildings, and Property investment includes the investment of land and buildings held for investment potential and rental income in future. It derives most of its revenues from Property development segment. The group geographically operates and derives its income in Malaysia.
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  6 people like this.
 
Victor Yong :)

The Home Ownership Campaign aimed to encourage the purchase of certain properties with the support of key financial incentives. Those incentives are:

1) Full stamp duty exemption till RM1 million
Under the scheme, successful applicants enjoyed 100% stamp duty exemption on Instrument of Transfer for any residential home purchase up to the value of RM1 million.

2) Partial stamp duty exemption till RM2.5 million
For properties worth more than RM1 million up to RM2.5 million, you paid 3% stamp duty on the Instrument of Transfer for the amount that's more than RM1 million.

Property Price
Stamp Duty
First RM100,000 Exempted
RM100,001 to RM500,000 Exempted
RM500,001 to RM1,000,000 Exempted
RM1,000,001 to RM2,500,000 3% (as compared to the 4% which was to have come into effect in July 2019)
3) Instruments on securing loans exemption
All properties within the scheme enjoyed a further stamp duty exemption on the Instrument of Securing Loan.

Property Price
Stamp Duty
Up to RM2,500,000 Exempted
4) 10% house discount
As well as the stamp duty exemption, you enjoyed a minimum 10% reduction on the purchasing price of properties listed under the scheme.



What are the benefits of the Home Ownership Campaign 2020?
home ownership campaign, stamp duty exemption, stamp duty, hoc, affordable housing, affordable house

The HOC this time around carries the same set of benefits as previously, notably:

Stamp duty exemption on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million (subject to at least 10% discount provided by the developer).
The exemption on the instrument of transfer is limited to the first RM1 million of the property price, while full stamp duty exemption is given on loan agreement effective for Sales and Purchase Agreements (SPA) signed between 1st June 2020 to 31st May 2021.
11/06/2020 5:17 PM
Victor Yong the Home Ownership Campaign had relatively relaxed criteria in a bid to encourage growth in property buying.

Registered properties: Eligibility only applies to those registered properties listed by developers within the scheme.
Residential purposes: Purchasers must be buying the property for the purpose of residing within it only.
Malaysian citizens: Purchasers and co-purchasers must be Malaysian citizens.
1 June 2020 to 31 May 2021: To be eligible for the exemptions and discount, a Sales and Purchase Agreement (SPA) must be stamped between 1 June 2020 and 31 May 2021.


What properties did the HOC cover?
The Home Ownership Campaign covered registered residential properties with a value between RM300,000 and RM2.5 million. Those properties must be registered with the relevant authority for each region.

Sabah: Properties registered with Sabah Housing and Real Estate Developers Association (SHAREDA).
Sarawak: Properties registered with Sarawak Housing and Real Estate Developers’ Association (SHEDA).
Peninsular Malaysia: Properties registered with Real Estate & Housing Developers’ Association Malaysia (REHDA).
HOC 2019 was designed to ONLY support residential home purchases. That means all qualifying properties must be built and used as a place of dwelling. Properties cannot be for, or converted to, commercial activities.

In addition, it's important to note that properties classified as a SoHo, SoFo, or SoVo were not qualified for the HOC either.

home ownership campaign, stamp duty exemption, stamp duty, hoc, affordable housing, affordable house, home ownership campaign 2020, hoc 2020



What else was there to know about HOC 2020?
So with all that in mind, what else did you need to know about the Home Ownership Campaign? Let’s go through some important questions:

1) Does it apply to secondary markets?
No, the HOC 2020 only applied to new properties registered under the campaign from specific developers.

2) When does the campaign end?
The campaign will end on 31st May 2021. All qualifying SPA agreements must be signed between 1 June 2020 to 31 May 2021.

3) Do I have to pay a fee to participate?
No, the campaign is free. Developers must pay a registration fee but that does not apply to home owners.

4) Can I buy multiple properties under the campaign?
Yes, you can. There was no limit to the number of properties you can purchase, and get stamp duty exemptions on all of them, under the HOC 2020.

5) Did all properties receive a 10% discount?
A minimum 10% discount applied on all properties within the scheme, with the exception of those subject to government price controls.

6) What was the exemption amount on the Instrument of Loan?
The exemption on an Instrument of Loan amount covers 0.5% of the loan agreement. That amount covers the standard stamping fee for such an instrument.
11/06/2020 5:21 PM
Victor Yong more and more foreigners will consider malaysia for second home. tackling covid-19 well and much safer here than many other countries and also cheap for foreigners to buy and live here :)

Rise in foreign property buyers expected this year

By Kathy B. - January 9, 2020 @ 10:26am

Malaysia can expect to see an increase in foreign purchases in the next 12 months for high-rise stratified units in George Town (Penang), Kuala Lumpur, Johor Bahru and some cities in Selangor.
Malaysia can expect to see an increase in foreign purchases in the next 12 months for high-rise stratified units in George Town (Penang), Kuala Lumpur, Johor Bahru and some cities in Selangor.
Malaysia can expect to see an increase in foreign purchases in the next 12 months, says Juwai IQI.

Sales would be driven by the lower threshold on high-rise property prices to RM600,000 from RM1 million previously for foreign ownership as proposed in Budget 2020, the firm said.

The properties include high-rise stratified units in George Town (Penang), Kuala Lumpur, Johor Bahru and some cities in Selangor and they could attract a fair number of foreigners who may see it as an investment opportunity.

Juwai IQI group executive director Kashif Ansari said it expects the market will remain resilient for 2020.

"The current economic climate and historical data speak for a rebound in Malaysia’s real estate market throughout 2020. We believe that the overhang will be well-managed throughout the year and will most likely see an upward trajectory trend," he said.

Kashif also said Malaysia would continue to be on the global investors’ radar due to its political, economic and infrastructure stability that bolstered the outlook of the ringgit.

The ringgit remained structurally stable and was expected to move around 3.97 to 4.30 against the greenback in 2020.

"Vision 2020 has been talked about over the last few decades. Though the goal post has been moved to 2030, it’s undeniable that Malaysia has come a long way since the 1990s, and with Budget 2020’s focus on digital transformation, it looks like we’ll go even further," he said.

Juwai IQI executive chairman Georg Chmiel believes that Malaysia’s residential properties will continue to be attractive to foreign buyers.

"In the first half of 2019, Malaysia was the fifth most popular country for Chinese property buying inquiries in the world and we predict this trend to continue in 2020. Many Chinese property buyers are willing to spend USD283,000 to USD424,000 for an overseas home. Diversification of investment portfolios and the spreading of wealth seem to be their main motivation. Other factors include education and better living conditions. The interest is strong with the lower threshold, we are definitely going to see more traction,” he said.

With Chinese New Year around the corner, Chmiel expects many celebrants will be looking to buy real estate and upgrade their investment holdings.

It is estimated that Chinese buyers account for RM8.4 billion (US$2 billion) of property sales, which is 12.1 per cent of total transaction value and 0.4 per cent of the total transaction share.

“With the lower threshold for foreigners to purchase property in effect this year, we foresee a strong increase in demand for property from foreign buyers. In fact, our recent survey, conducted between six and 21 November 2019, which polled over 300 real estate agents, the industry is reporting strong growth upcoming in transactions, prices, and rents," said Chmiel.

Chmiel said, the findings also revealed that 80 per cent of respondents nation-wide are expecting foreign buyers to buy more property in the next 12 months than in the last 12 months.

The states where the largest share of respondents believe foreign buyer transactions will grow in number are Ipoh (87 per cent), Kuala Lumpur/Selangor (86 per cent), and Sarawak (85 per cent).

The states where the largest share of respondents believe the foreign-buyer transactions will fall in number are Melaka (26 per cent) and Kuantan (25 per cent).

Malaysia My Second Home Scheme a key attraction

Kashif said Malaysia has opened its doors to many foreigners who refer to it as their second home.

"The introduction of Malaysia My Second Home Scheme (MM2H) has positioned the country as one of the most foreign-friendly countries in Southeast Asia for real estate investors," he said.

According to the Ministry of Tourism Arts and Culture, a total of 9,439 applications were received from July 2018 to November 20th last year. Out of which, 4,487 applications have been approved.

Since the launch of MM2H in 2002 till November 2018, the initiative has drawn 43,466 applications. Applications received were from 131 countries, mainly from Chinese citizens. China dominated the list with 13,892 approvals over the period, followed by Japan (4,882), Bangladesh (4,187), the United Kingdom (2,729) and Korea (2,568).
11/06/2020 5:36 PM
Good123 Akan melebihi 30sen tak lama lagi. share buyback oleh syarikat Dan juga pemegang syer terbesar
11/06/2020 6:10 PM
Good123 pemegang syer cuma ~40% stake ... harga Murah, boleh pinjam Wang untuk Beli syer tambahan sehingga 51%, mungkin takut hilang control kini
11/06/2020 6:12 PM
Good123 ya, urusharta tak Jual syer glomac. syer2 syarikat lain dibaring macam tail pulak. :)
11/06/2020 6:13 PM
Good123 saya percaya dia Akan Beli lebih banyak syer sehingga 51% pada masa kini. tengok Dan lihat kelak. tak sampai 40% ,senang hilang control , Ada risiko.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

GLOMAC BERHAD

Particulars of substantial Securities Holder

NameDATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSORNationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest119 Mar 2020

50,000

AcquiredDirect InterestName of registered holderCIMSEC Nominees (Tempatan) Sdn Bhd - CIMB Bank for Fateh Iskandar Bin Mohamed Mansor (PB)Address of registered holderLevel 13, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Wilayah Persekutuan.Description of "Others" Type of Transaction
Circumstances by reason of which change has occurredAcquisition of sharesNature of interestDirect InterestDirect (units)146,930,800Direct (%)18.916Indirect/deemed interest (units)161,283,317Indirect/deemed interest (%)20.764Total no of securities after change308,214,117Date of notice19 Mar 2020Date notice received by Listed Issuer19 Mar 2020


Remarks :The percentage shareholding excludes the treasury shares of 23,326,700 ordinary shares.


Announcement Info

Company NameGLOMAC BERHADStock NameGLOMACDate Announced19 Mar 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-19032020-00086
11/06/2020 6:30 PM
Victor Yong Buy more to lower the average cost per treasury shares, increase eps, nta per share, etc. also increase shareholders’ value. Also to fight predator for the largest shareholder with less than 40% stake ? Correct?

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.
11/06/2020 8:35 PM
Victor Yong Tahun ini , tolong use the cash to buyback more shares at current price. Give shareholders, share dividend instead of cash dividend. Follow American style to increase shareholders’ value.

Largest shareholder also get more shares towards 51% stake .
11/06/2020 8:38 PM
Good123 a wholly owned subsidiary is selling a big piece to land to a 51% owned subsidiary. big injection of funds from the other party holding the 49%. more cash for share buyback hopefully :)


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GLOMAC BERHAD ("GLOMAC" OR "COMPANY") PROPOSED DISPOSAL BY GLOMAC ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLOMAC OF VACANT LAND HELD UNDER INDIVIDUAL TITLE H.S.(D) 319254 PT 2914, PEKAN DESA PUCHONG, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING APPROXIMATELY 6.213 HECTARES IN AREA, FOR A TOTAL CASH CONSIDERATION OF RM127,042,740 TO GLOMAC AL BATHA SDN BHD ("PROPOSED DISPOSAL")

GLOMAC BERHAD
TypeAnnouncementSubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONSDescriptionGLOMAC BERHAD ("GLOMAC" OR "COMPANY") PROPOSED DISPOSAL BY GLOMAC ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLOMAC OF VACANT LAND HELD UNDER INDIVIDUAL TITLE H.S.(D) 319254 PT 2914, PEKAN DESA PUCHONG, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING APPROXIMATELY 6.213 HECTARES IN AREA, FOR A TOTAL CASH CONSIDERATION OF RM127,042,740 TO GLOMAC AL BATHA SDN BHD ("PROPOSED DISPOSAL")

Reference is made to Glomac’s announcements on 22 November 2019 and 27 November 2019 pertaining to the above matter. Unless otherwise stated, the abbreviations and definition used herein shall have the same meaning referred to in the aforesaid announcements. The Company wishes to announce that the original estimated time frame for completion of the Proposed Disposal by first quarter of 2020 as announced on 22 November 2019, will be delayed as the Progress of the Proposed Disposal has been interrupted by the COVID-19 outbreak and the subsequent implementation of the Movement Control Order (“MCO”) and Conditional Movement Control Order (“CMCO”) by the Malaysian Government until 9 June 2020 throughout the nation. The Company will announce to Bursa Malaysia Securities Berhad upon the completion of the Proposed Disposal. Save for the above, all other terms, conditions and provisions contained in the Agreement is applicable and shall remain the same and continue to be in full force and effect. This announcement is dated 18 May 2020.




Announcement Info

Company NameGLOMAC BERHADStock NameGLOMACDate Announced18 May 2020CategoryGeneral Announcement for PLCReference NumberGA1-14052020-00060
11/06/2020 9:13 PM
Victor Yong They have worked together successfully with the remaining stakeholder (49%). Terbaik :)

LUAR BIASA, SUNGGUH DAHSYAT :)

51% Glomac Al Batha Sdn. Bhd.
Glomac Tower (now known as
Menara Prestige), Kuala Lumpur

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GLOMAC BERHAD ("GLOMAC" OR "COMPANY") PROPOSED DISPOSAL BY GLOMAC ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLOMAC OF VACANT LAND HELD UNDER INDIVIDUAL TITLE H.S.(D) 319254 PT 2914, PEKAN DESA PUCHONG, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING APPROXIMATELY 6.213 HECTARES IN AREA, FOR A TOTAL CASH CONSIDERATION OF RM127,042,740 TO GLOMAC AL BATHA SDN BHD ("PROPOSED DISPOSAL")

GLOMAC BERHAD
TypeAnnouncementSubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONSDescriptionGLOMAC BERHAD ("GLOMAC" OR "COMPANY") PROPOSED DISPOSAL BY GLOMAC ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLOMAC OF VACANT LAND HELD UNDER INDIVIDUAL TITLE H.S.(D) 319254 PT 2914, PEKAN DESA PUCHONG, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING APPROXIMATELY 6.213 HECTARES IN AREA, FOR A TOTAL CASH CONSIDERATION OF RM127,042,740 TO GLOMAC AL BATHA SDN BHD ("PROPOSED DISPOSAL")

Reference is made to Glomac’s announcements on 22 November 2019 and 27 November 2019 pertaining to the above matter. Unless otherwise stated, the abbreviations and definition used herein shall have the same meaning referred to in the aforesaid announcements. The Company wishes to announce that the original estimated time frame for completion of the Proposed Disposal by first quarter of 2020 as announced on 22 November 2019, will be delayed as the Progress of the Proposed Disposal has been interrupted by the COVID-19 outbreak and the subsequent implementation of the Movement Control Order (“MCO”) and Conditional Movement Control Order (“CMCO”) by the Malaysian Government until 9 June 2020 throughout the nation. The Company will announce to Bursa Malaysia Securities Berhad upon the completion of the Proposed Disposal. Save for the above, all other terms, conditions and provisions contained in the Agreement is applicable and shall remain the same and continue to be in full force and effect. This announcement is dated 18 May 2020.



Announcement Info

Company NameGLOMAC BERHADStock NameGLOMACDate Announced18 May 2020CategoryGeneral Announcement for PLCReference NumberGA1-14052020-00060
11/06/2020 9:18 PM
Good123 many stocks were red today but glomac was green. miraculous :p
11/06/2020 9:59 PM
Good123 last year, RM6.4mil was paid as dividend to shareholders.Please use this amount to buyback 21mil shares based on 30sen.
12/06/2020 7:56 AM
Good123 distribute share dividend to maximize shareholders' wealth via share buyback at current fire sale share price
12/06/2020 7:57 AM
Good123 Have a listen to this podcast

https://www.bfm.my/unpacking-the-penjana-package
12/06/2020 1:25 PM
Victor Yong Harga adalah mantap, tunggu masa saja untuk memecut :)

Date Range Close Change Volume
11/06/2020 0.285 - 0.30 0.295 +0.005 (1.72%) 965,500
10/06/2020 0.29 - 0.295 0.29 +0.005 (1.75%) 949,900
09/06/2020 0.285 - 0.29 0.285 +0.005 (1.79%) 1,024,300
05/06/2020 0.28 - 0.30 0.28 -0.01 (3.45%) 1,810,700
04/06/2020 0.285 - 0.295 0.29 +0.005 (1.75%) 1,238,400
03/06/2020 0.285 - 0.295 0.285 0.00 (0.00%) 1,154,800
02/06/2020 0.285 - 0.29 0.285 -0.005 (1.72%) 494,300
01/06/2020 0.285 - 0.30 0.29 -0.005 (1.69%) 1,194,300
29/05/2020 0.275 - 0.305 0.295 +0.015 (5.36%) 4,139,200
28/05/2020 0.275 - 0.28 0.28 0.00 (0.00%) 107,700
27/05/2020 0.275 - 0.28 0.28 0.00 (0.00%) 397,000
22/05/2020 0.275 - 0.28 0.28 0.00 (0.00%) 340,100
21/05/2020 0.28 - 0.285 0.28 0.00 (0.00%) 62,300
20/05/2020 0.28 - 0.28 0.28 -0.005 (1.75%) 223,400
19/05/2020 0.28 - 0.285 0.285 +0.005 (1.79%) 377,600
18/05/2020 0.28 - 0.285 0.28 -0.01 (3.45%) 165,100
15/05/2020 0.28 - 0.29 0.29 +0.005 (1.75%) 218,000
12/06/2020 2:23 PM
Good123 glomac shares are not actively traded. not many sellers at current low price. allocate few million ringgit for share buyback . easily touch 50sen :)
12/06/2020 3:16 PM
Good123 hope the director will use the dividend money to buyback shares and give share dividend this year. shareholders needs money could sell their shares later at much higher price than now.
12/06/2020 3:25 PM
Good123 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.

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.
14/06/2020 9:45 AM
Good123 buy property developers with profits and dividend rather than properties directly :)
15/06/2020 8:51 AM
Good123 wait for glomac to report even better results :). 

Mah Sing CEO Datuk Ho Hon Sang (pic) said the launch of M Luna is timely and the encouraging take up for Phase 1A of M Luna during its weekend launch is a testament that properties in the right location remained strong.

PETALING JAYA: MAH SING GROUP BHD’s latest high-rise residence project M Luna in Kepong has achieved 90% take-up rate for Phase 1A comprising 200 units over the weekend.

Mah Sing said the commendable take-up rate was achieved on the back of the sales team’s commitment in following up with potential buyers and providing personalised consultation, updating them even during the movement control order via vlogs and online meetings or online sales gallery tours.

Mah Sing CEO Datuk Ho Hon Sang said the launch of M Luna is timely and the encouraging take up for Phase 1A of M Luna during its weekend launch is a testament that properties in the right location remained strong.

“This positive result is also on the back of the government’s recently announced Home Ownership Campaign (HOC) 2020.

“Buyers can leverage on the HOC 2020 under the Penjana Plan, which includes stamp duty exemption on the instruments of transfer for residential properties limited to the first RM1mil of the home price, and full stamp duty exemption for loan agreement.

A model of M Luna at Mah Sing's sales gallery.

“This bodes well for Mah Sing as 84% of our target sales for 2020 are for residential properties priced below RM700,000, ” he said in a statement.

In view of the strong take-up rate, Mah Sing plans to rollout phase 1B of M Luna with an additional 200 units, which will be eligible for early bird privileges.

M Luna is situated adjacent to the Forest Research Institute Malaysia and the 253-acre Kepong Metropolitan Park.

The most affordable units for M Luna have built up sizes from 700 sq ft and priced from RM385,000 – ranging from two to four bedrooms with one to two car parks per unit.

M Luna is a participating project in Mah Sing’s Eazy to Own Campaign, which also offers the Maybank Islamic HouzKEY, an innovative home financing solution that provides buyers up to 100% financing and lower monthly installments.

Ho elaborated that despite the current market conditions due to the Covid-19 pandemic, Mah Sing is cautiously optimistic that the demand for affordably priced properties of good quality at strategic locations would remain resilient.

“Property is still one of the safest forms of asset class for long-term capital protection and appreciation.

“We believe that Malaysia is in the process of recovering from the pandemic and advancing into the revitalisation of the economy on the back of the government’s proactive approach in introducing many rounds of stimulus packages, especially the recently announced Penjana plan, ” he said.

AmResearch, which has a “buy” call on Mah Sing with a target price of 79 sen per share, expects M Luna to be well received, given its strategic location along the MRR2 (within 5km from DUKE, NKVE and LDP highways) as well as a growing young population in the area.

Mah Sing also plans to launch its next project, M Adora, at Wangsa Melawati next month. The research house believes that the long-term outlook for Mah Sing remains positive, backed by strong sales achieved in the past few quarters.

“The new projects in Klang Valley are expected to be strong sellers, given their strategic locations and attractive pricing.

“The recent sell down on the stock is a buying opportunity with an undemanding price-to-book value of 0.2 times and a potential upside of more than 40%, ” said AmResearch.
16/06/2020 9:53 AM
Good123 for glomac, price to book is below 0.2 times. :)
16/06/2020 9:54 AM
Good123 this is the only property stock with continuous profit and dividend plus P/B value below 0.2
16/06/2020 10:09 AM
Good123 might happen here too I purchased a consignment note recently.has the item been sent to customer? Can I have the tracking ID number?
16/06/2020 11:40 AM
Good123 share buyback is expected to intensify :). 5020    GLOMAC    GLOMAC BHDNotice of SBB by a Company Pursuant to Section 127 (16) of CA 2016Date of Buy Back:22/05/2020 to 01/06/2020No. of Shares Purchased:197,000 sharesMinimum Price Paid For Each Share Purchased:RM 0.275Maximum Price Paid For Each Share Purchased:RM 0.290Total Amount Paid For Shares Purchased:RM 55,739.30Shares Were Purchased Through:Bursa Malaysia Securities BerhadNo. of Shares Purchased Retained in Treasury:197,000 sharesTotal No. of Shares Retained in Treasury:26,668,000 sharesTotal Issued Capital as Diminished:Date Lodged With Registrar of Company:05/06/2020Lodged By:Securities Services (Holdings) Sdn. Bhd.Remarks:You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:
05/06/2020   07:00 AM

Ref Code: 202006054300129
17/06/2020 9:09 AM
Good123 say, 30sen, RM3mil could acquire 10mil shares of glomac~1.25% stake in glomac :)
17/06/2020 9:15 AM
Good123 RM12mil could acquire ~5% of glomac (~40mil shares) and ask for a seat in the board of directors
17/06/2020 9:19 AM
budakbaik Glomac never failed to give dividend. never loss until today. only revenue n net was dropping year by year. if economy back to normal, wouldn't surprise if Glomac rise again.
20/06/2020 9:12 PM
raziffsp gogogogo Glomac maybe 0.500
03/07/2020 10:04 PM
James Ng https://klse.i3investor.com/blogs/general/2020-07-13-story-h1510512094.jsp
[转贴] [GLOMAC BHD:发展阶段持续进行及物业投资部门表现较佳,以及总体上节省了行政成本] - James的股票投资James Share Investing
13/07/2020 9:40 AM
Nkk1370 At such low price of 0.28,wonder why many are not accumulatin Fundamentally, there is nothing wrong with the company 'business
28/07/2020 5:26 PM
To Be Dearest buyer like buy high sell low, when the stock move, only buy call
06/08/2020 11:09 AM
Nkk1370 Penny stocks 's turn to rise next week
08/08/2020 10:44 PM
Nkk1370 Add more@0.285 and hold
10/08/2020 5:15 PM
thesteward Better privatize
30/08/2020 4:10 PM
Hew Kiong Peng George seriously undervalue gem this glomac
06/09/2020 7:29 AM
Nkk1370 Penny stock rotational play for Glomac may be next
08/09/2020 6:02 PM
Nkk1370 Add more at 0.305
21/10/2020 10:27 AM
Imthemalaysian Same here! Added more at 0.31 too! NTA at least RM1
30/11/2020 9:13 AM
Nkk1370 Iamthemalalaysuan-you are on the right track
01/12/2020 7:50 PM
Nkk1370 Share price on good and steady uptrend. Company has stopped share buy back temporary
07/12/2020 2:08 PM
thesteward This stock super undervalue nta rm1.44 n earning good profits !!!!
14/12/2020 11:37 AM
bananadesk slow like turtle
15/12/2020 7:41 PM
ivan9511 Only company busy sbb at lowest price
24/12/2020 6:20 PM
Titan Trading Channel Post removed. Why?
03/01/2021 9:26 PM
dex company enjoying sbb very much. walaoweiii
16/01/2021 5:11 PM
Yang Addison will give bonus issue??????
16/01/2021 6:35 PM
Yang Addison quiet stock no move
19/01/2021 6:55 PM
dex This counter is special. Hold
19/01/2021 7:47 PM
Yang Addison dex any special for tis counter?
24/01/2021 3:47 PM


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