$GLOMAC / 5020 (GLOMAC BERHAD)
Research by TA
Buy – TP RM0.62

" Results Boosted by Favourable Product Mix”

Glomac’s 1QFY25 core net profit of RM7.3mn exceeded expectations, accounting for 41% of our full-year forecast and 39% of the consensus estimates. This outperformance was primarily driven by higher-thananticipated development margins.

Analyst:
Thiam Chiann Wen
cwthiam@ta.com.my