sell buy or hold?

why?

Glomac is trading below its NTA. Is Glomac a value trap?  A value trap is a company that appears cheap but is cheap because of poor business fundamentals. Does Glomac fit this criterion? Is the market suggesting that there is going to be a significant impairment of its assets?

To be able to answer the value trap question correctly, you have to look at its business fundamentals. I have some thoughts on the fundamental analysis of Glomac. Go to Is Glomac a value trap?

The Bursa property companies had a tough few years. Covid-19 affected my companies in Malaysia and the property companies were no exception. But the problems for the property companies started long before Covid-19 with a soft market that began with the govt efforts to curb speculation in the 2016/17.

But I think there is light at the end of the tunnel and as such many property companies could be under priced from a fundamental perspective. One example is Glomac that is currently trading at a discount to its intrinsic value. It is not a value trap. You can read about it from page 19 of the newsletter.