Posted on | October 12, 2009
By BUSINESS TIMES
Maybank Investment Bank Bhd has rated Glomac Bhd, a Malaysian developer, a new “buy” with a target price of RM1.78.
The research outfit said Glomac will record “explosive” earnings growth over 2009 to 2012, driven by high-margin commercial projects.
The shares of Glomac Bhd rose 4 per cent to RM1.31, set for the highest level since February 18, 2008.
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