TA Research said said the management continues to highlight plans to ramp up annual launches to RM700 to RM800mil from FY27 onwards.
PETALING JAYA: Weaker sales and slower property launches are anticipated to drag property developer Glomac Bhd
’s earnings for financial year 2026 (FY26), FY27 and FY28.
TA Research said it is revising down its sales assumptions by 13%, 8%, and 10% to RM330mil, RM350mil, and RM380mil for FY26, FY27, and FY28, respectively, reflecting slower-than-expected launches and weaker-than-anticipated sales momentum.
