Posted by Victor Yong > 2020-06-11 11:21 | Report Abuse

Good highlights by the author :)

[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
Author: James Ng | Publish date: Mon, 3 Feb 2020, 8:25 AM

[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]

集团本季度的收入增长了10％。高美达拥有人应占本季度及截至本年度的累计利润分别较上年同期分别增长426％和337％，这主要是由于更多的正在进行的开发阶段和房地产投资板块的更好表现，以及在此期间整体行政管理成本的节约取得的成就的补充。

物业发展：
该季度房地产开发部门的收入与上一季度相比增长了12％，这主要得益于新推出的项目的收入贡献，例如Plaza @ Kelana Jaya，位于Puchong的Lakeside Boulevard店铺，柔佛州Saujana Jaya以及最近在Saujana Rawang推出的项目。

物业投资：
该部门的业绩有所改善，主要是由于Glo Damansara购物中心的出租率较去年同期有所提高。

其他部门：
该部门的收入主要来自物业管理费。

QoQ：
本季度高美达的税前利润与上一季度相比增长了93％，主要是由于正在进行的项目的更多建设进度以及本季度售出的已完成单元所致。

前景：
在当前环境下，对于Glomac而言，确保产品能广受欢迎并能够维持其销售势头，提升其运营效率和对消费者需求的理解至关重要。在这方面，他们有信心，他们已经选出了一系列产品，这些产品的概念良好，在设计，价值和创新方面能吸引市场的各个买家。

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。其中包括他们在PJ-Damansara的121 Residences，毗邻繁华的班达乌塔玛（Bandar Utama）枢纽，可通过各种高速公路，现有的大众捷运线以及即将推出的轻轨​​3（LRT3）线轻松到达。该发展项目包括两座服务式公寓和SoHo单元的住宅塔楼，总发展总值估计为3.21亿令吉。

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。这个名为Green Tec Central的新项目包括服务式公寓以及带有自行车站和一个餐饮区的商业中心。

在20财年，他们还将在其城镇发展中推出新的有地住宅产品，例如Bandar Saujana Utama的Saujana Perdana，雪邦市的Saujana KLIA和柔佛州古来的Saujana Jaya。这些城市的销售活跃，预计这些新推出将继续受到欢迎。之前在Saujana KLIA邻近Putrajaya和Cyber​​jaya的项目几乎全部售出，而在Saujana Perdana推出的排屋的购买率有78％。

Posted by Victor Yong > 2020-06-11 11:23 | Report Abuse

buying by directors, good indicator :)

DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 19-Mar-2020 Acquired 50,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 19-Mar-2020 Acquired 50,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 18-Mar-2020 Acquired 70,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 18-Mar-2020 Acquired 70,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 17-Mar-2020 Acquired 200,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 17-Mar-2020 Acquired 200,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 16-Mar-2020 Acquired 122,300 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 16-Mar-2020 Acquired 122,300 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 13-Mar-2020 Acquired 200,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 13-Mar-2020 Acquired 200,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 12-Mar-2020 Acquired 100,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 12-Mar-2020 Acquired 100,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 11-Mar-2020 Acquired 44,800 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 11-Mar-2020 Acquired 44,800 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 10-Mar-2020 Acquired 193,300 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 10-Mar-2020 Acquired 193,300 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 09-Mar-2020 Acquired 220,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 09-Mar-2020 Acquired 220,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 06-Mar-2020 Acquired 173,900 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 06-Mar-2020 Acquired 173,900 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 05-Mar-2020 Acquired 200,000 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 05-Mar-2020 Acquired 200,000 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 04-Mar-2020 Acquired 141,500 0.000 View Detail
TAN SRI DATO' MOHAMED MANSOR BIN FATEH DIN 04-Mar-2020 Acquired 141,500 0.000 View Detail
DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR 03-Mar-2020 Acquired 200,000 0.000

Posted by Victor Yong > 2020-06-11 11:26 | Report Abuse

hold about ~40%, probably to buy till 51% to play safe? :)

[GLOMAC] Change In Substantial Shareholder's Shareholding - DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR on 19-Mar-2020
Stock [GLOMAC]: GLOMAC BHD
Announcement Date 19-Mar-2020
Substantial Shareholder's Particular:
Name DATUK SERI FATEH ISKANDAR BIN TAN SRI DATO' MOHAMED MANSOR
Details of Changes:
Currency -
Date of Change Type Number of Shares
19-Mar-2020 Acquired 50,000
Registered Name CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB Bank for Fateh Iskandar Bin Mohamed Mansor (PB)
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Acquisition of shares
Total no of securities after change
Direct (units) 146,930,800
Direct (%) 18.92
Indirect (units) 161,283,317
Indirect (%) 20.76
Total (units) 308,214,117
Total (%) 39.68
Date of Notice 19-Mar-2020

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

the largest shareholder only holds below 40%, no wonder share buyback. either he buys himself or company buybacks to increase his actual shareholdings. expecting more share buyback by the company or the largest shareholder :)

Posted by Good123 > 2020-06-11 12:02 | Report Abuse

ta global BHD , offer at 28sen for privatisation recently, nta 59sen. glomac nta at rm1.42, profitable, if privatised, should be above 60sen :)

Posted by Victor Yong > 2020-06-11 13:29 | Report Abuse

26.668mil/800mil x 100 ~ 3.3335% of total issued shares.

[GLOMAC] Share Buyback (Immediate) on 01-Jun-2020
Stock [GLOMAC]: GLOMAC BHD
Announcement Date 01-Jun-2020
Date 01-Jun-2020
Shares Ordinary Shares
Number of Shares 65,000
Shares Retained in Treasury 65,000
Currency Malaysian Ringgit (MYR)
Price (per shares) 0.285 - 0.290
Total Amount 18,785.79
Total Treasury Shares 26,668,000

Posted by Victor Yong > 2020-06-11 13:31 | Report Abuse

Property
Development
& Investment

100% Anugerah Armada Sdn. Bhd.
Lot 13720, Pekan Kayu Ara
100% Dunia Heights Sdn. Bhd.
Proposed Residential Development
in Sg. Buloh
100% Elmina Equestrian Centre
(Malaysia) Sdn. Bhd.
Saujana Utama V, Sg. Buloh
100% Glomac Alliance Sdn. Bhd.
Lakeside Residences, Puchong
100% Glomac Consolidated Sdn. Bhd.
Bukit Saujana, Sg. Buloh
100% Glomac City Sdn. Bhd.
Plaza Glomac, Kelana Jaya
100% Glomac Damansara Sdn. Bhd.
Glomac Damansara, Kuala Lumpur
100% Glomac Enterprise Sdn. Bhd.
Sungai Buloh Country Resort,
Sg. Buloh
100% Glomac Realty Sdn. Bhd.
100% Glomac Jaya Sdn. Bhd.
Glomac Cyberjaya, Cyberjaya
100% Glomac Maju Sdn. Bhd.
Suria Residen, Cheras
100% Glomac Rawang Sdn. Bhd.
Saujana Rawang, Rawang
100% Glomac Regal Sdn. Bhd.
Suria Stonor, Kuala Lumpur
100% Glomac Resources Sdn. Bhd.
Glomac Galleria, Kuala Lumpur
100% Glomac Segar Sdn. Bhd.
Plaza@Kelana Jaya
100% Glomac Sutera Sdn. Bhd.
Sri Saujana, Kota Tinggi, Johor
100% Glomac Vantage Sdn. Bhd.
Taman Mahkota Laksamana,
Seksyen III, Melaka
100% Kelana Centre Point Sdn. Bhd.
Kompleks Kelana Centre Point,
Kelana Jaya
100% Precious Quest Sdn. Bhd.
Saujana Jaya, Kulai, Johor
100% Regency Land Sdn. Bhd.
Saujana Utama III, Sg Buloh &
Saujana Aman
51% Glomac Al Batha Sdn. Bhd.
Glomac Tower (now known as
Menara Prestige), Kuala Lumpur
51% Glomac Al Batha Mutiara Sdn. Bhd.
Reflection Residences, Mutiara
Damansara
100% Glomac Kristal Sdn. Bhd.
Glomac Centro, Petaling Jaya
100% FDM Development Sdn. Bhd.
Proposed Residential Development:
121 Residences, Petaling Jaya
100% Berapit Properties Sdn. Bhd.
Glomac Cyberjaya 2, Cyberjaya
100% Kelana Kualiti Sdn. Bhd.
Saujana Perdana, Sg. Buloh
100% Magical Sterling Sdn. Bhd.
Saujana KLIA, Dengkil
100% Glomac Nusantara Sdn. Bhd.
Dataran Glomac, Kelana Jaya


Source: Annual Report 2019
CORPORATE STRUCTURE

Posted by Victor Yong > 2020-06-11 13:32 | Report Abuse

Property Investment
100% Bangi Integrated Corporation
Sdn. Bhd.
Plaza Kelana Jaya, Phase II,
Kelana Jaya
100% Berapit Pertiwi Sdn. Bhd.
Suria Stonor, Kuala Lumpur
60% Glomac Utama Sdn. Bhd.
Worldwide Business Park

Investment Holdings
100% Glomac Restaurants Sdn. Bhd.
100% Glomac Australia Pty Ltd.
85.7% Glomac Power Sdn. Bhd.
30% Irama Teguh Sdn. Bhd.
(held through PPC Glomac
Sdn. Bhd.)
Car Park Operations and Management
60% Prominent Excel Sdn. Bhd.
Property Management Services
100% Glomac Property Services Sdn. Bhd.
100% Kelana Property Services Sdn. Bhd
Property Investment and Mall Management
100% Glo Damansara Sdn. Bhd
Glo Damansara Mall@Glomac
Damansara, Kuala Lumpur
Property Development, Investment
Holding and Project Management
100% Glomac Group Management
Services Sdn. Bhd.
Building Contractor
51% Glomac Bina Sdn. Bhd.
30% PPC Glomac Sdn. Bhd.
(held through Glomac Power Sdn. Bhd.)
Trustee Management
45.45% VIP Glomac Pty Ltd
(held through Glomac Australia Pty Ltd)

Posted by Victor Yong > 2020-06-11 13:36 | Report Abuse

:)

DATUK SERI FATEH ISKANDAR BIN
TAN SRI DATO’ MOHAMED MANSOR
Group Managing Director / Chief Executive Officer
Member of Remuneration and ESS Committee
51, Male, Malaysian
Datuk Seri Fateh Iskandar bin Tan Sri Dato’
Mohamed Mansor better known as “Datuk
Seri FD Iskandar”, is one of Malaysia’s
well-respected figures. An exemplary leader,
he has carved out a place as a nation-builder
for vast swathes of Malaysia’s modern
development. Now, as Group Managing
Director and Chief Executive Officer at Glomac
Berhad, he continues to lead the way for the
company to become one of Malaysia’s most
pioneering property developers. He was
appointed as a board member of Glomac
since 5 February 1997.
Datuk Seri FD Iskandar attended the Malay
College Kuala Kangsar (MCKK). He pursued
his studies and graduated with a degree in
Law from the University of Queensland,
Australia and later obtained his Masters of
Business Administration (MBA). He became a
legal practitioner in Australia before returning
back to Malaysia.
Thereafter, Datuk Seri FD Iskandar began
rising up the corporate ladder, starting out as
a Corporate Manager for Kumpulan
Perangsang Selangor Berhad (KPS) before
leaving KPS in 1992 to join Glomac Berhad as
a General Manager for Business
Development. By 1997, Datuk Seri FD
Iskandar was appointed to the board as
Glomac’s Executive Director, a position he
held for seven years before assuming his
current role of Group Managing Director/Chief
Executive Officer. Currently, Datuk Seri FD
Iskandar is one of the Directors on the Board
of Construction Industry Development Board
Malaysia (CIDB) and has also been appointed
as the Chairman of the Construction
Research Institute of Malaysia (CREAM) from
June 2019. In addition to that, he also sits on
the Board Member of Axis-REIT Managers
Berhad, the first REITs company to be listed
on Bursa Malaysia. Moreover, he has been a
member of the City Advisory Board for Dewan
Bandaraya Kuala Lumpur (DBKL) since 2014.
He is also the Immediate Past President of
REHDA Malaysia (Real Estate and Housing
Developers’ Association Malaysia) from 2018
until 2020.
Datuk Seri FD Iskandar was the President of
REHDA Malaysia (Real Estate and Housing
Developers’ Association Malaysia) for 2 terms
from 2014 until 2018 and he was formerly the
Chairman of REHDA Selangor for 2 terms
from 2006 to 2010. He has also served as the
Chairman of the Special Taskforce to
Facilitate Business (PEMUDAH), specializing
in legal matters. Datuk Seri FD Iskandar has
served as an Independent Director of Telekom
Malaysia (TM) from 2013 until 2018. TM is
Malaysia’s broadband champion and leading
integrated information and communications.
He was the Chairman of VADS Berhad; a
wholly-owned subsidiary of Telekom
Malaysia Berhad which services the IT and
telecommunications industries from 2017
until 2018.

Datuk Seri FD Iskandar was also the Group
Chairman of the Media Prima Group, the
largest incorporated media company in South
East Asia, for 8 years in various capacities until
2017. He was appointed to the Board in 2009
and was also the Chairman of the Nomination
& Remuneration Committee and Risk
Management Committee of Media Prima. His
presence also extends to being a Director of
New Straits Times Press (Malaysia) Berhad
from 2009 until 2015, the most established
publisher in Asia with three main newspapers
and a string of established magazines.
He was formerly a Director of Kumpulan
Hartanah Selangor Berhad from 2004 until
2008. He was also the Deputy Chairman of
the Malaysian Australian Business Council
(MABC), Chairman of Gagasan Badan
Ekonomi Melayu, Selangor Branch (GABEM) a
body that promotes entrepreneurship
amongst Malays in the country. He was one
of the Founding Directors of Malaysia
Property Incorporated (MPI), a partnership
between Government and the private sector
that was established to promote property
investments and ownership to foreigners all
around the world.
With more than 28 years’ experience and
involvement in the property development
industry, his vast experience and expertise
has made him a very well-known and
respected figure among his peers locally as
well as internationally. He frequently shares
his insights and views as a guest speaker in
forums, seminars and conventions, and has
given talks on the Malaysian property market
both locally and abroad.
His esteemed position is reflected through the
wide variety of accolades that he has
accumulated. Amongst the numerous
achievement of awards that he has been
bestowed with were the 2012 Malaysian
Business Award in Property by the Malay
Chamber of Commerce, the Outstanding
Entrepreneurship Award at the 2013 Asia
Pacific Entrepreneurship Awards, the MBA
Industry Excellence Award (Property Sector)
by the Malaysia Business Awards in 2013 and
the Brand Laureate Corporate Leader Brand
Icon Award by the Asia Pacific Brands
Foundation in 2014.

Source: Annual Report 2019

Posted by Victor Yong > 2020-06-11 13:40 | Report Abuse

No. Description Year Recipient
1 Minority Shareholders Watch Group (MSWG) July 2019 Glomac Berhad
– ASEAN Corporate Governance Awards 2018
Most Improved CG Disclosure
2 APAC South East Asia Business Awards 2019 June 2019 Glomac Berhad
Best Real Estate Developer Company 2019 – Malaysia
3 Property Insight Prestigious Developer Awards 2019 May 2019 Saujana Perdana,
Best Affordable Township Sungai Buloh
4 Property Insight Prestigious Developer Award 2019 May 2019 Datuk Seri FD Iskandar
Best Industry Leadership GMD/CEO
5 Des Prix Infinitus Asean Property Awards 2018/2019 March 2019 Glomac Berhad
Innovative Developer Award
6 Des Prix Infinitus Asean Property Awards 2018/ 2019 March 2019 Datuk Seri FD Iskandar
Leadership Excellence Award GMD/CEO
7 Property Insight Prestigious Developer Awards 2018 June 2018 Lakeside Residences,
Best Living Lifestyle Development Puchong
8 Property Insight Prestigious Developer Awards 2018 June 2018 Datuk Seri FD Iskandar
Industry Excellence Award GMD/CEO
9 The EdgeProp Malaysia, The Editor’s Choice May 2018 Datuk Seri FD Iskandar
Malaysia’s Exemplary Real Estate Industry Leader 2018 GMD/CEO
10 Asia Pacific Entrepreneurship Awards August 2017 Datuk Seri FD Iskandar
Property Development Industry GMD/CEO
11 The Edge Malaysia November 2016 Tan Sri Dato’ FD Mansor &
Outstanding Property Entrepreneur Datuk Richard Fong Loong Tuck
12 The Bizz 2016 November 2016 Datuk Seri FD Iskandar
World Leader Business Person GMD/CEO
13 The Bizz 2016 November 2016 Datuk Seri FD Iskandar
World Business Leader GMD/CEO
14 Property Insight Prestigious Developer Awards March 2015 Glomac Berhad
Top 10 Developer Awards

15 The Global Leadership Awards 2015 March 2015 Glomac Berhad
Commercial Property Development

16 Asia Pacific Property Awards May 2015 Glomac Damansara
Best Mixed Development
17 The Brand Laureate Icon Leadership Awards November 2014 Datuk Seri FD Iskandar
Transformational Corporate Leader GMD/CEO
18 The Global Leadership Awards 2014 April 2014 Glomac Berhad
Commercial Property Development

Posted by Victor Yong > 2020-06-11 13:45 | Report Abuse

List of Thirty (30) Largest Shareholders AS AT 31 JULY 2019

No of *% of
No Name Shares Shareholdings
1 Mohamed Mansor bin Fateh Din 161,283,317 20.71
2 Cimsec Nominees (Tempatan) Sdn Bhd 144,091,484 18.50
- CIMB Bank for Fateh Iskandar bin Mohamed Mansor (PB)
3 Urusharta Jamaah Sdn Bhd 80,060,310 10.28
4 Fong Loong Tuck 30,055,757 3.86
5 Citigroup Nominees Tempatan Sdn Bhd 27,410,350 3.52
- Employees Provident Fund Board
6 CGS-CIMB Nominees (Tempatan) Sdn Bhd 26,772,088 3.44
- Pleadged Securities Account for Fong Loong Tuck (MM0886)
7 RHB Capital Nominees (Tempatan) Sdn Bhd 22,000,000 2.82
- Pledged Securities Account for Fong Loong Tuck (CEB)
8 Cimsec Nominees (Tempatan) Sdn Bhd 20,000,000 2.57
- CIMB Bank for Fong Loong Tuck (PBCL-0G0588)
9 Alliancegroup Nominees Tempatan Sdn Bhd 19,580,000 2.51
- Pledged Securities Account for Fong Loong Tuck (8037502)
10 Amanahraya Trustees Berhad 18,059,910 2.32
- Public Smallcap Fund
11 DB (Malaysia) Nominee (Asing) Sdn Bhd 11,825,000 1.52
- Deutsche Bank AG Singapore for Yeoman 3-Rights Value Asia Fund (PTSL)
12 Citigroup Nominees (Tempatan) Sdn Bhd 11,138,600 1.43
- Pledged Securities Account for Fong Loong Tuck (473234)
13 HLB Nominees (Tempatan) Sdn Bhd 5,334,290 0.68
- Pledged Securities Account for Mah Siew Seong
14 HSBC Nominees Tempatan Sdn Bhd 4,951,170 0.64
- HSBC (M) Trustee Bhd for Manulife Investment Dividend Fund (5311-401)
15 HSBC Nominees (Tempatan) Sdn Bhd 4,500,180 0.58
- HSBC (M) Trustee Bhd for Manulife Investment Al-Faid (4389)
16 Citigroup Nominees (Asing) Sdn Bhd 4,409,390 0.57
- CBNY for Dimensional Emerging Markets Value Fund
17 Lim Pei Tiam @ Liam Ahat Kiat 3,909,921 0.50
18 Fara Eliza Binti Mohamed Mansor 3,806,000 0.49
19 Chuah Theong Yee 3,580,830 0.46
20 Fara Inez Binti Mohamed Mansor 3,520,000 0.45
21 DB (Malaysia) Nominee Asing Sdn Bhd 3,332,890 0.43
- SSBT Fund SD4N for Government of the Province of Alberta
22 Carrie Fong Kah Wai 3,300,000 0.42
23 Amanahraya Trustees Berhad 3,272,060 0.42
- Public Strategic Smallcap Fund
24 Citigroup Nominees (Asing) Sdn Bhd 2,896,640 0.37
- CBNY for Emerging Market Core Equity Portfolio DFA Investment Dimensions Group Inc
25 Amsec Nominees (Asing) Sdn Bhd 2,851,200 0.37
- KGI Securities (Singapore) Pte Ltd for Lee Chee Seng (80227)
26 Citigroup Nominees (Asing) Sdn Bhd 2,743,160 0.35
- CBNY for DFA Emerging Markets Small Cap Series
27 Abu Talib bin Othman 2,867,410 0.35
28 Pacific Trustees Berhad 2,471,425 0.32
- Exempt AN for Glomac Bhd (RSG)
29 HSBC Nominees (Asing) Sdn BHd 2,200,000 0.28
- Exempt AN for Credit Suisse (HK BR-TST-ASING)
30 Affin Hwang Nominees (Asing) Sdn Bhd 2,200,000 0.28
- DBS Vickers Secs (S) Pte Ltd for Lim Mee Hwa
TOTAL 634,423,382 81.44

Posted by Victor Yong > 2020-06-11 13:52 | Report Abuse

Urusharta never sell a single share of Glomac unlike the shares in mct, mahsing, mmc, lion industries, bhic, wct and many more :)

[GLOMAC] Change In Substantial Shareholder's Shareholding - URUSHARTA JAMAAH SDN. BHD. on 17-Feb-2020
Stock [GLOMAC]: GLOMAC BHD
Announcement Date 17-Feb-2020
Substantial Shareholder's Particular:
Name URUSHARTA JAMAAH SDN. BHD.
Details of Changes:
Currency -
Date of Change Type Number of Shares
12-Feb-2020 Transferred 80,060,310
Registered Name Citigroup Nominees (Tempatan) Sdn. Bhd. - Urusharta Jamaah Sdn. Bhd. (1)
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Transfer of ordinary shares by the registered holder to Citigroup Nominees (Tempatan) Sdn. Bhd. who is the custodian and fund administrator for Urusharta Jamaah Sdn. Bhd.'s ("UJ") equity portfolio holdings. UJ is the beneficial owner of the said ordinary shares.
Total no of securities after change
Direct (units) 80,060,310
Direct (%) 10.30
Indirect (units) 0
Indirect (%) 0.00
Total (units) 80,060,310
Total (%) 10.30
Date of Notice 14-Feb-2020

Posted by Victor Yong > 2020-06-11 17:17 | Report Abuse

:)

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.

Posted by Victor Yong > 2020-06-11 17:21 | Report Abuse

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.

Posted by Victor Yong > 2020-06-11 17:36 | Report Abuse

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).

Posted by Good123 > 2020-06-11 18:10 | Report Abuse

Akan melebihi 30sen tak lama lagi. share buyback oleh syarikat Dan juga pemegang syer terbesar

Posted by Good123 > 2020-06-11 18:12 | Report Abuse

pemegang syer cuma ~40% stake ... harga Murah, boleh pinjam Wang untuk Beli syer tambahan sehingga 51%, mungkin takut hilang control kini

Posted by Good123 > 2020-06-11 18:13 | Report Abuse

ya, urusharta tak Jual syer glomac. syer2 syarikat lain dibaring macam tail pulak. :)

Posted by Good123 > 2020-06-11 18:30 | Report Abuse

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

Posted by Victor Yong > 2020-06-11 20:35 | Report Abuse

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.

Posted by Victor Yong > 2020-06-11 20:38 | Report Abuse

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 .

Posted by Good123 > 2020-06-11 21:13 | Report Abuse

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

Posted by Victor Yong > 2020-06-11 21:18 | Report Abuse

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

Posted by Good123 > 2020-06-11 21:59 | Report Abuse

many stocks were red today but glomac was green. miraculous :p

Posted by Good123 > 2020-06-12 07:56 | Report Abuse

last year, RM6.4mil was paid as dividend to shareholders.Please use this amount to buyback 21mil shares based on 30sen.

Posted by Good123 > 2020-06-12 07:57 | Report Abuse

distribute share dividend to maximize shareholders' wealth via share buyback at current fire sale share price

Posted by Good123 > 2020-06-12 13:25 | Report Abuse

Have a listen to this podcast

https://www.bfm.my/unpacking-the-penjana-package

Posted by Victor Yong > 2020-06-12 14:23 | Report Abuse

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

Posted by Good123 > 2020-06-12 15:16 | Report Abuse

glomac shares are not actively traded. not many sellers at current low price. allocate few million ringgit for share buyback . easily touch 50sen :)

Posted by Good123 > 2020-06-12 15:25 | Report Abuse

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.

Posted by Good123 > 2020-06-14 09:45 | Report Abuse

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.

Posted by Good123 > 2020-06-15 08:51 | Report Abuse

buy property developers with profits and dividend rather than properties directly :)

Posted by Good123 > 2020-06-16 09:53 | Report Abuse

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.

Posted by Good123 > 2020-06-16 09:54 | Report Abuse

for glomac, price to book is below 0.2 times. :)

Posted by Good123 > 2020-06-16 10:09 | Report Abuse

this is the only property stock with continuous profit and dividend plus P/B value below 0.2

Posted by Good123 > 2020-06-16 11:40 | Report Abuse

might happen here too I purchased a consignment note recently.has the item been sent to customer? Can I have the tracking ID number?

Posted by Good123 > 2020-06-17 09:09 | Report Abuse

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

Posted by Good123 > 2020-06-17 09:15 | Report Abuse

say, 30sen, RM3mil could acquire 10mil shares of glomac~1.25% stake in glomac :)

Posted by Good123 > 2020-06-17 09:19 | Report Abuse

RM12mil could acquire ~5% of glomac (~40mil shares) and ask for a seat in the board of directors

Posted by budakbaik > 2020-06-20 21:12 | Report Abuse

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.

Posted by raziffsp > 2020-07-03 22:04 | Report Abuse

gogogogo Glomac maybe 0.500

Posted by James Ng > 2020-07-13 09:40 | Report Abuse

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

Posted by Nkk1370 > 2020-07-28 17:26 | Report Abuse

At such low price of 0.28,wonder why many are not accumulatin Fundamentally, there is nothing wrong with the company 'business

Posted by To Be Dearest > 2020-08-06 11:09 | Report Abuse

buyer like buy high sell low, when the stock move, only buy call

Posted by Nkk1370 > 2020-08-08 22:44 | Report Abuse

Penny stocks 's turn to rise next week

Posted by Nkk1370 > 2020-08-10 17:15 | Report Abuse

Add more@0.285 and hold

Posted by thesteward > 2020-08-30 16:10 | Report Abuse

Better privatize

Posted by Hew Kiong Peng George > 2020-09-06 07:29 | Report Abuse

seriously undervalue gem this glomac

Posted by Nkk1370 > 2020-09-08 18:02 | Report Abuse

Penny stock rotational play for Glomac may be next

Posted by Nkk1370 > 2020-10-21 10:27 | Report Abuse

Add more at 0.305