Can go back to rm3.00 after BI? :)

And how to determine the price of mother share after BI? Follow ex-date closing price ?

Can this stock hold for long term? Since many projects on hand n good results in properties sector!

Thanks aikane

If I sell on 5 Dec, m I still entitling to BI?

W-D won't be listed at 2.25 right. So anyway to derive the listed price ? By the way, thanks for the info.

So after BI the price would be 2.34? What about warrant D? Anyone having info.?

If after good quarterly report and yet the price still stagnant, I will divorce it!

Ya another 6 months. Hope it is going upward after announcement of quarterly report!

Can the momentum persist after BI? Tht's the concern.

They protested but have they paid? If yes, should be good for the financial statements!

Any sifu can advise on this counter ? Worth for long term (say a year) since it ventured into Indonesia ?

Y no power for this counter?

May be at RM3 by month end after meeting!

Y tiger cannot roar any more?

U mean sell tomorrow still entitle to dividend ?

High volume but dropping :(

Dknycom, I think the price will not go beyond 2.80 before BI. Need to wait. But I do hope it will :)

Is the Company doing well so far?

What happened ? Up then down!!

Will the price exceed 2.30 if no delisting n quarterly report improved ?

What is 4R1G ?

Where did u get this news ?

dknycom, after bonus issue price will drop. Worth to hold until bonus issue? Will it hike back to 2.71 ++?

Would it be another IRIS ?

Semperit bought from open market between 2.26 - 2.28. What would be the next ?

What bad news ?

LBS in talks with state agencies for JV in affordable housing projects
Written by Ho Ching-Ling of www.thedgemalaysia.com
Tue Oct 09 2012 3:32:30 PM
KUALA LUMPUR (Oct 9): Property developer LBS Bina Group Bhd is currently in talks to enter into joint ventures (JVs) with state government agencies for the development of affordable housing projects.

"We are still talking to one or two agencies in the government about this. We can't disclose too many details at the moment but we're looking at joint ventures with the state agencies," said group managing director Datuk Lim Hock San at a press conference today (Tuesday).

While the developments won't be under the 1Malaysia Housing Programme (PR1MA), Lim said it will be quite a sizeable project for LBS.

"We have been meeting with Housing and Local Government Minister Datuk Seri Chor Chee Heung, and I have told him LBS is committed to affordable housing," Lim added.

The group currently has 17 on-going development projects this year with a gross development value of RM1.73 billion, out of which 9 are affordable housing projects with terrace and apartment units within the range of RM150,000 to RM400,000 a unit.

"We already have 9,000 affordable housing units in the pipeline for the next two years. These will be located in Batu Pahat, Ipoh, Bandar Saujana Putra and Cameron Highlands with a GDV [gross development value] of RM2.5 billion," Lim said.

In total, LBS has a landbank size of 2,296 acres with a GDV of RM12.5 billion attached.

The group has also recently signed a Memorandum of Understanding (MoU) in April with Jiuzhou Technology Co Ltd (JTCL) for the sale of LBS's wholly-owned unit Dragon Hill Crop Ltd.

Up until now, news on the transaction has been quiet since the MoU signing but when asked on the status of the agreement, Lim said that "the deal is still progressing".

The MoU provides for the parties to negotiate exclusively with each other and finalise the scope and terms of a sale and purchase agreement for Dragon Hill, under which LBS may reap up to RM652 million based on an indicative price of about HK$1.65 billion (RM612.15 million).

Should the deal materialise, LBS will end up as a substantial shareholder of Hong Kong-listed Jiuzhou Development Co Ltd (JDCL), the state-owned parent company of JTCL that runs ferry services and a hotel chain in China.

Guess how much would it b if privatization !

Bonus issue y still drop ?

Austrian-based co said no intention to keep latexx listing in Bursa. Privatisation ? Good or bad?

It has been so long the company yet to receive approval from Bursa to transfer listing in MAIN.

Don't forget the MOU the company signed before. Some announcements soon I guess.

Can the rally prolong ?

Is it worth for long term play ? Pls advice. Thanks.

Y not hold it for long term?

#Exclusive* Iris hopes for govt push in pre-fabricated building systems in Budget 2013
Written by Syarina Hyzah Zakaria of theedgemalaysia.com
Tue Sep 25 2012 2:16:48 PM
BUKIT JALIL (Sept 25): Technology company Iris Corporation Bhd hopes that the issue of affordable housing will be addressed in the upcoming Budget 2013, as it will serve as a catalyst for its integrated building system (IBS) and agrotech division.

"There's a lot of talk on affordable homes and hopefully this will be announced in the Budget. People often associate IBS to low cost housing but its actually a good material in creating affordable homes," Datuk Tan Say Jim, managing director of Iris, told theedgemalaysia.com after its annual general meeting (AGM) on Tuesday.

Moreover, its agrotech business — which started in 2006 — has started making headways after "not going anywhere in the past three years".

Currently, the company has a number of projects which utilises its Koto IBS pre-fabricated building panels, which are most notably used in its Rimbunan Kasih (RK) projects.

Earlier this year, the company secured a RM22 million contract with the Pahang state government to build an RK in Kuala Lipis, which will be launched next month.

The RK requires Iris to build affordable housing, a high-tech integrated farm and renewable energy solutions for some 100 families. It also features a community and learning centre, modern sanitation facilities, a resource centre and place of worship, effectively making a small township.

"We have just completed price negotiations with the Melaka, Terengganu and Johor states and are now awaiting the letter of award. The RK's in these states will be completed by the year end except for Johor which will be launched early next year," he added.

Not too sure but probably. May b u can call the budget hotlines !

How do u know ?

Disappointed.. Keep dropping despite positive news

Congrats..

But the value will drop to RM2.21 after bonus issue ?

I got it at 2.45. Worth to hold till bonus issue ?

If looking for long term and to wait for bonus issue, what do you think ? Worth?

Can buy now?

What is ur historical high ? RM6.50 lol

I just wonder y this counter not transferring to main board after so many years!

Patience

What's wrong with this counter ? Diahorrea ?

Mah Sing on the look out for more land
Written by Ho Ching Ling of theedgemalaysia.com
Wed Sep 19 2012 5:49:10 PM
KUALA LUMPUR (Sept 19): Mah Sing Group Bhd said it is still shopping around to acquire land worth at least RM1 billion in gross development value (GDV) by the end of this year.

"So far we this year we have acquired land worth RM3.62 billion in GDV but we have set a target of at least RM5 billion by the end of the year.  So we're still looking out for more land," said Mah Sing group managing director cum group chief executive Tan Sri Datuk Sri Leong Hoy Kum.

"Our business model is such that we have a quick turnaround so we must keep replenishing our landbank," Leong added.

The group currently has a landbank size of around 1,200 acres with GDV and unbilled sales of RM18.04 billion.

"This is enough to last us another seven to eight years without any land replenishments,"Leong told the media after Mah Sing's extraordinary general meeting (EGM) on Wednesday.

Leong said the group will also be looking to tap into the current market demand for more affordable housing.

"We are quite selective when it comes to certain property sectors, right now there is a demand for mass affordable housing," Leong said.

Shareholders unanimously approved the Bangi land acquisition today which the group intends to develop into Southville City, a mix township of residential and commercial properties.

"This will be the biggest township project ever for the Mah Sing group," said Leong.

The group announced earlier this year that it was acquiring the 412 acres of land from Boon Siew Development Sdn Bhd for RM333.04 million.

The freehold land has an estimated gross development value (GDV) of RM2.15 billion.

"We plan to meet market demand by exploring the feasibility of offering affordable SoHo and lifestyle suites from RM208,000,"Leong said.

Phase one of the development -- which will be launched in the first quarter of 2013-- will comprise of affordable lifestyle suites starting from RM208,000 and double storey link homes starting from RM530,000 onwards.

"This will be on top of our landed units and low rise commercial units, which will create diversity in the groups offering with emphasis on affordability."