$GLOMAC / 5020 (GLOMAC BERHAD)
Research by MIDF
NEUTRAL – TP RM0.39

" Earnings Driven by Sale of Completed Properties”

• 1QFY25 earnings deemed within expectations
• Earnings driven by sale of completed properties
• Weak new sales of RM20m in 1QFY25
• Earnings estimates maintained
• Maintain NEUTRAL with a revised TP of RM0.39

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my