Glomac is confident of achieving RM800m in sales this year and expects to boost earnings to RM1bn in 2014. Group MD Tan Sri Fateh Iskandar Mohamed Mansor said Glomac sales has been growing at a rate of between 20% and 50% in the last five years while profit has doubled every two years. Fateh Iskandar said the company's focus in the coming 12-18 months would be on landed properties due to the remarkable rise in demand. (Malaysian Reserve)
yes bingo , and bingo... amedia is counter with 3.3cents earning per share...i just want to buy it low price...if the sharks cannot eat anymore, may be they just have to support it at 16 cents for 1 or 2 weeks...then it would have high probability to shoot to 30 cents, and the LRT and MRT projects-Malaysian Goverment biggest ever project will benefit mostly Amedia and Glomac. and that datuk alhabshee the destroyer of Pak Lah, will surely be repaid folds by folds...by..what u call that person using PM as nickname...
i just like politics...man, alhabshee has done well to serve his Master, and politic makes money, money make politics...umno/bn will win big, this is what u call democracy. The biggest reason why bn lost in 2008-in my opinion is perut rakyat problem- now it has been solved, though there're other accompanying reasons. Mostly about money... aren't we here for the same reason?
Facts to support your suggestion...don't make people laugh la. Take profit la, market downturn....you just post to this forum and make u r good in investing. People not buying lah.
i've just let go all my shares in this excellent counter, because people are not buying fundamental,they're buying speculation, and i'm not patient enough, but see it is very strong, very stabile
So anbz... you will invest again when there are speculation against this stock? Sometime a bit frustration when good stock does not move. But in fact, in Malaysia almost all the stocks are the same. I mean all base on speculation. The only thing we can do is be more patient :)
i don't know when, may be it's only a dividend stock, may be the management and related funds maintain the price so it will not move up and become speculative stock , so as to manage their as stable as possible
Prospects for the current Financial Year Barring any unforeseen circumstances, the Directors are of the opinion that, based on the on-going development projects and the level of work targeted to be completed, the Group’s performance for the financial year ending 30 April 2013 is expected to improve.
Today volume 8 times yesterday volume and almost the same of last week 5 days volume combine. Must be something brewing or market already price superb result this month
dear all glomac shareholder...lets defend, let the price up and up...there must be something going on, shd have good news going to be announce soon....pingo
20% sound like a good return in a year. I'm still hold on for long term... since this stock give consistent dividen... adding thw dividend I may make more than that. It depend on individual if you feel enough and have other stock or place to reinvest the money then should cash out.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bingo
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Posted by bingo > 2013-02-04 18:41 | Report Abuse
anbz, this is one good news for Glomac..
Glomac is confident of achieving RM800m in sales this year and expects to boost earnings to RM1bn in 2014. Group MD Tan Sri Fateh Iskandar Mohamed Mansor said Glomac sales has been growing at a rate of between 20% and 50% in the last five years while profit has doubled every two years. Fateh Iskandar said the company's focus in the coming 12-18 months would be on landed properties due to the remarkable rise in demand. (Malaysian Reserve)
Source: CIMB Daybreak - 04 February 2013