KUALA LUMPUR: Midf Equities Research is maintaining its “Buy” call onGlomac Bhd with a target price of RM1.46 due to its record sales, core developments and the unofficial dividend payout ratio of 40%.
It said Glomac posted record earnings of RM101.5mil in its financial year 2013, where its earnings grew 2.1% on-year from lower minority interest which was RM6.1mil from RM34.4mil in 2012.
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