Property developer, Glomac's net profit for the first quarter of financial year 2015 of 20.8 million ringgit only accounted for 18 per cent of RHB Research's full year estimate.<br /><br />The research house has downgraded the stock to a 'neutral' with a target price of 1 ringgit 28 sen indicating that it expects earnings to improve in subsequent quarters.<br /><br />Astro AWANI LIVE http://www.astroawani.com/videos/live<br />Subscibe to NJOI AWANI https://www.youtube.com/njoiawani<br />Follow us on Website http://www.astroawani.com<br />Like us on Facebook https://www.facebook.com/astroawani<br />Follow us on Twitter https://twitter.com/501Awani<br />Follow us on Instagram http://instagram.com/501awani
