KUALA LUMPUR: GFM Services Bhd made a firm introduction on the Ace Market of Bursa Malaysia on Monday, opening at 46 sen, which was eight sen over its offer cost of 38 sen, At 9.01am, it was exchanging at 48 sen, up 10 sen. It was effectively exchanged with 10.32 million shares done.
The FBM KLCI fell 0.68 of an indicate or 0.04% 1,674.81. Turnover was 52.96 million shares esteemed at RM20.80mil. There were 116 gainers, 38 failures and 149 counters unaltered. GFM, an offices administration organization, assumed control AsiaEP Resources Bhd taking after a switch takeover.
StarBiz reported PublicInvest Research attributed an estimation of GFM shares at 48 sen a piece as it ought to profit by the development in the Malaysian offices administration advertise which is anticipated to develop at a yearly exacerbated development rate (CAGR) of 8.58% from 2015 to 2020.
The examination house said that development is "supported by the execution of vast scale ventures and development industry development locally, and a reestablished center to enhance the life cycle expenses of all undertakings and additionally guaranteeing a perfect, protected and sound environment for the occupants of an office".
JF Apex in a provide details regarding GFM distributed on Jan 4, noticed that GFM's plan of action is money generative and has low capital use responsibility. It said GFM, which has a 16 year track record in offices administration administrations, appreciates high profit perceivability which is upheld by repeating wage from contracts secured that keep going for three to five years by and large.
The examination house tasks GFM's net benefits for FY2016 and FY2017 to ascend by 24% year on year to RM17.1mil and 3.5% to RM17.7mil separately.
No comments:
Post a Comment