Glomac Bhd
(RM0.835/share)
Catalyst expected to
boost sales to more than RM500mil
Glomac Bhd’s sales for the financial year ended April 30,
2012 is expected to be more than RM500.0mil buoyed by strong demand in its
three major townships. This will be the catalyst for the mid-sized property
developer to record positive growth for the year under review. The company will
announce its financial results early next week. Glomac has registered about
RM400.0mil sales in financial year 2011. Group managing director and chief
executive officer Datuk FD Iskandar said that the sales for its township
development in Sungai Buloh, Rawang and Sri Saujana in Johor did very well.
Going forward, Iskandar said Glomac’s current unbilled sales which could be
translated into profits in two to three years’ time stood at RM700.0mil. He
added that they have been expanding on their land bank quite robustly in the
last 18 months where they have purchased about four parcels of land in
different locations for a total of RM230.0mil. – StarBiz
Ivory Properties
Group Bhd (RM0.505/share)
Sees huge jump in
revenue next year
Ivory Properties Group Bhd expects to see a huge jump in
revenue next year amid several projects to be launched in 2H this year and
early 2013. Its executive director and chief operating officer Murly Manokharan
said next year will be exciting for Ivory with the Bayan Mutiara development
kicking n and being a turnkey builder for the project. Ivory will launch five
residential projects in 2H and early 2013 with a gross development value (GDV)
of over RM800.0mil. Among the projects are phases three and four of Penang
Times Square in Jalan Datuk Keramat with a GDV of RM300.0mil. – The Edge
Kumpulan
Perangsang Selangor Bhd (RM1.05/share)
Enters telecom
business
Kumpulan Perangsang Selangor Bhd (KPS), which is the
business arm of the Selangor state government, has made its maiden venture into
the telecommunications sector as part of efforts to diversify its already wide
ranging business. With the entry, Kumpulan Perangsang will now become
Malaysia’s latest telecommunications player under the brand name FRiENDi and
will only offer prepaid services. Kumpulan Perangsang, which is wholly-owned by
Kumpulan Darul Ehsan Bhd, already has operations in construction, property,
utilities and just two weeks ago made its maiden venture into the oil and gas
sector via its RM40.0mil investment in the liquefied petroleum gas business with
NGC Energy Sdn Bhd. Under its plan, Kumpulan Perangsang has partnered UK-based
Virgin Mobile and United Arab Emirates-based Friendi as well as Oman’s Samena
Telecom Ltd. Under their collaboration, Kumpulan Perangsang, Connect Mina Ltd,
Jebel Ali Free Zone (wholly-owned by Virgin Mobile and Friendi) as well as
Samena will form Ceres Telecom Sdn Bhd with a 30%, 65% and 5% stake
respectively. – Business Times
Source: AmeSecurities
No comments:
Post a Comment