June 24, 2011

Glomac upgraded to 'strong buy' at ECM

Stock Name: GLOMAC
Company Name: GLOMAC BHD
Research House: ECMLIBRAPrice Call: BUYTarget Price: 2.83



Glomac Bhd, a Malaysian property developer, was upgraded to "strong buy" from "buy" at ECM Libra Capital Sdn Bhd on strong two-year earnings growth.

The stock's share estimate was maintained at RM2.83, analyst Bernard Ching wrote in a report today. -- Bloomberg

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