GROMUTUAL BHD
KLSE (MYR): GMUTUAL (9962)
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Last Price
0.28
Today's Change
+0.01 (3.70%)
Day's Change
0.28 - 0.28
Trading Volume
63,100
Overview
Market Cap
105 Million
NOSH
376 Million
Avg Volume (4 weeks)
12,375
4 Weeks Range
0.27 - 0.285
4 Weeks Price Volatility (%)
66.67%
52 Weeks Range
0.25 - 0.365
52 Weeks Price Volatility (%)
26.09%
Previous Close
0.27
Open
0.28
Bid
0.27 x 124,700
Ask
0.285 x 100,000
Day's Range
0.28 - 0.28
Trading Volume
63,100
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2024 [#3] | 25-Nov-2024
Next QR | Est. Ann. Date
31-Dec-2024 | 23-Feb-2025
T4Q P/E | EY
9.19 | 10.89%
T4Q DY | Payout %
1.79% | 16.40%
T4Q NAPS | P/NAPS
1.08 | 0.26
T4Q NP Margin | ROE
21.19% | 2.82%
Market Buzz
Company Profile
Description:
Gromutual Bhd is an investment holding company, which is engaged in the development, construction, and management of properties in Malaysia. The business activity of the firm is operated through Property Development and Property Management segments. The Property development segment consists of the construction contract. The Property management segment consists of the rental of properties. The development products range from landed residential, commercial buildings, high rise versatile business suites and industrial parks. The group operates principally in Malaysia, which is also the revenue generation region.
Discussions
5 people like this. Showing 50 of 342 comments
Look at Gmutual :SELL VOLUME 3025, price done at 0.475 buy rate only 3%.
BUY VOLUME DONE ONLY 477 VOLUME.
TRAP TRAP
2017-03-17 09:50
Meaning 1 BUY 6 SELL...CHAM..
SO, NEVER LISTEN TO THIS SEEMINGLY SOUND ADVICE BUT THEY ARE DUMPING CRAB STORAGE TO YOU.
2017-03-17 09:52
when they accumulate enough at low price, they will shout BUY BUY BUY, again they dump to you.
2017-03-17 11:59
Agree Stock Alliance is a con. Their blog compare Gmutual with Eupe and Bertam but the 2 counters go up after the latest blog whereas Gmutual down.
2017-03-18 06:14
at this moment, smaller developer pe is below10 or even much lower. ksl, huayang, mkh pe even as low as 7 or beloe.
2017-03-18 07:42
pe target 15 is high, unless there is something happening, like new assets injected into it, or new investor come in.
2017-03-18 07:46
Reckon Bone is one of the better bloggers around. I did my due diligence. His good results speak louder than words. Do watch his GCB today!
2017-05-15 08:59
Going down wor
chkhooju Reckon Bone is one of the better bloggers around. I did my due diligence. His good results speak louder than words. Do watch his GCB today!
15/05/2017 08:59
2017-05-16 16:42
qr positive.. just drop in qoq and yoy.. from now need watch closely.. ppl will make it overbought later
2017-06-01 16:42
junclj, what do you mean by you buy tips to join this counter? What was the target price for this stock, may I know? I also have bought in average 0.47. Losing $$$ now and still holding. But never move up after the false move to 0.49.
2017-06-09 00:21
Very bad quarterly result..almost 100%loss wtf..hey directors do some homework sial
2018-05-28 19:09
very lousy counter, no movement at all but keep dropping. waste my time to wait. so many trap for this counter, fortunately I've investment more in MBSB and BPLANT to gain back some of my lost by this shxtty counter.
2018-06-04 14:55
Even though the company is currently trading at only 12 months trailing earnings of 6.5x PE, it might not be sustainable once the 4Q18 result is out next month. 9m18 profit is only RM6.1 mil which is a drop of more than 40% vs last year 9m17 result of RM10.3mil. The group recorded a high profit of RM9.6mil (however RM6.6mil is due to fair value gain of investment properties) in 4Q17 which will be hard to replicate in 4Q18 given the lack of new completed projects achieved in 4Q18. A profit of RM3mil in 4Q18 would already be a good result for the company given the current weak property market sentiment. However, this would mean that the full year profit of the company would only be around RM9mil which means at the current share price the company will be trading at a valuation of 11.2x PE. This is actually not that high but given the current market sentiment, there is a lot more property developers (with more growth prospect in FY19) that is trading at a lower PE valuation than Gromutual.
The group has a very strong balance sheet with only a net gearing of 8.4%. As of Sept 18, the company has an NTA of RM0.94 (of which more than half is in the form of land for development). At the current price the company is only trading at a mere 0.3x PB which is a lot lower than the industry average of below 0.8x. The company might be a very good candidate for those investors with long term investment horizon (more than 5 years).
If you are looking to diversify your portfolio outside of Gromutual (due to near term earnings uncertainties caused by weak property market sentiment), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.2x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.
Good luck.
2019-01-08 10:00
This counter was dead, not moving at all. I was gave up and sold them all up to banker, just leave the big shark to cut my leeks. I was surrendered but at least I got earn some dividend from this counter in the past few years. Bought at averaged price of 0.476 then sold at 0.300, loss 36.19%. Sold at January 2022 then use the balance to buy in AAPL. My advice to all of you, if you are long-term investor in favorable of dividend just go ahead to buy this counter. However, if you not the type of dividend investor, better avoid this counter. Believe me you will regret to join into this counter. Never move up, just stay at 0.300 every day. I'm now feel safe to invest in AAPL because finally was saw that my money was grew up a bit. Now the share price of AAPL is 167. My averaged price is 162.82.
2022-04-21 14:20
Ample of pocket land for landed house development in johor pontian, ayer hitam.. also in melaka alor gajah ..
2024-01-10 09:28
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4.9 / 5.0
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....
KenLui
Traps traps traps liao
2017-03-16 19:00