Glomac Sees Payoff In Landed
Glomac Sees Payoff In Landed
Glomac Berhad (GLOMAC) reported robust property sales of RM218 million in 4QFY24, contributing to a total of RM360 million for FY24. The sales were predominantly driven by strong demand for landed properties at Lakeside Residences and Suajana KLIA, highlighting continued market resilience in this segment, as cited by MIDF Investment Bank (MIDF) in their report today (July 5, Friday).
Glomac Berhad（GLOMAC）報告稱，在 4QFY24 中，房地產銷售強勁達到21.8萬令吉，使24財年的房地產銷售總額達到3.6萬令吉。正如MIDF投資銀行（MIDF）在今天（7月5日星期五）的報告中引述的那樣，銷售主要是由湖畔公寓和Suajana KLIA對有地物業的強勁需求推動的，這凸顯了該細分市場的持續市場彈性。
The House maintains a NEUTRAL rating on GLOMAC following a recent meeting with its management team. Despite the solid performance of landed properties, sales at Loop City Residences were sluggish, achieving only a 20% take-up rate due to competitive pressures in Puchong's high-rise condominium market. The bank anticipates a potential turnaround once take-up rates improve, projecting meaningful contributions to earnings from FY26 onward.
在最近與GLOMAC管理團隊會晤後，衆議院維持對GLOMAC的中性評級。儘管有地物業表現穩健，但由於蒲種高層公寓市場的競爭壓力，Loop City Residences的銷售疲軟，僅實現了20％的購買率。該銀行預計，一旦接受率提高，可能會出現轉機，預計從26財年起，收益將獲得可觀的貢獻。
GLOMAC aims to sustain sales momentum with planned launches in FY25, expected to generate a Gross Development Value (GDV) of RM425 million across strategic locations including Puchong, Suajana Utama, and Saujana KLIA. This proactive approach underscores the company's strategy to capitalise on the strong demand for landed houses amidst prevailing market dynamics.
GLOMAC的目標是保持銷售勢頭，計劃於25財年推出，預計將在蒲種、蘇亞納烏塔瑪和索亞納吉隆國際機場等戰略地點創造42.5萬令吉的總開發價值（GDV）。這種積極的方法凸顯了公司在當前市場動態中利用對有地房屋的強勁需求的戰略。
Despite challenges in the high-rise segment, GLOMAC's focus on landed properties positions it well to leverage ongoing market demand and stabilise revenue streams. Investors assessing the company should consider its strategic initiatives and competitive positioning within the property development sector.
儘管高層建築領域面臨挑戰，但GLOMAC對有地物業的關注使其能夠很好地利用持續的市場需求並穩定收入來源。評估該公司的投資者應考慮其在房地產開發領域的戰略舉措和競爭定位。
MIDF maintains its NEUTRAL recommendation on GLOMAC with an unchanged target price of RM0.43. Based on an 80% discount to Revalued Net Asset Value (RNAV), this valuation reflects current market conditions and the bank's outlook on GLOMAC's earnings potential. Investors are encouraged to carefully evaluate the company's performance and market conditions before making investment decisions.
MIDF維持其對GLOMAC的中立建議，目標價保持不變，爲0.43令吉。根據重估淨資產價值（RNAV）的80％折扣，該估值反映了當前的市場狀況以及該銀行對GLOMAC盈利潛力的展望。鼓勵投資者在做出投資決策之前仔細評估公司的業績和市場狀況。
譯文內容由第三人軟體翻譯。