LBS is only involved in property development. Since the ex of special div last year, the price plunged to Rm1.47 but rebounded to the range of Rm1.68-1.73 recently

What is interesting about the company?

The recent research about the company by RHB
https://research.osk188.com/attachments/54/osk-report-my_lbs-bina_trading_idea_20140324_rhb-9Wm723166700532f820cc90dc.pdf

The comment by CIMB last year
http://www.thestar.com.my/Business/Business-News/2013/08/02/CIMB-Research-sees-more-upside-for-LBS-Bina/

Lets highlight few keypoints from the research
1) RNAV/share of RM5.05, TP RM3.03 by CIMB
2) http://www2.nst.com.my/business/latest/china-asset-monetisation-lifts-lbs-income-1.570306
A boost in land valuation in China after the completion of Zhuhai bridge in 2016

3) RM103.2 million cash in 31-Dec-14, and 82.6 of million in next three years. Decent cashflow?

Commitment of 6sen per annum?
4) Huge Landbanks?

5) Improving Revenue

6) Directors keep increasing stake?

Judge yourself whether this is a good buy.
Full year EPS expected 12 sen, 30% dividend payout policy comes around 3 sen + 6 sen special div
At price of RM1.68, the yield is at least 5.4%

At the time of writing, I owned LBS shares and its warrant.