Collect as much as possible. It might gap up next year.

Updates on notable projects to look forward in 2025, that will benefit LBS:
1) LBS new venture into RE Sector: Solar Farm
2) LBS new venture into RE Sector: Hydrogen Plant
3) LRT / ART Project in Johor
4) Land Reclamation Project in Melaka
5) Shipyard Project in Melaka
6) National affordable housing project worth RM 13 billion. *(PMX to announce in Jan'25). LBS is one of the pioneers in affordable housing, so chances of being part this national project is highly likely.

https://www.bondsupermart.com/bsm/article-detail/lbs-bina-is-returning-to-the-market-again-5y-or-7y-myr-bond-at-4-7-5-1-ARTIC0000001439

For Reading on LBS Bina

No idea bro. The only logical reasoning and possible scenario are:

1) LBS is pressing price down, to allow its JV partners to buy in. Maybe there is "behind close door" business arrangement with regards to the several JV Projects they are spearheading along side other Companies.

or...

2) KWAP is pressing price down for the possibility of wanting to return back to LBS at a favorable price in the future. We know for a fact they moved a lot of funds to Top Glove, and some of their funds come from disposing LBS.

You guys got any other theory?

Today is last day to buy if want to get the special dividend.

Till today, there is still someone keeping the price down. Someone is trying to maintain price @ 0.570 & 0.575

Skyworld awarded with RM 13bil affordable housing project.....Isn't this too big to chew?

The Company doesn't even have IBS facilities nor the experience to operate one efficiently. Without IBS, it will be challenging to develop affordable houses. Feel that this project should have been awarded to more experience Developer that specializes in affordable housing, such as LBS / MGB.

Doesn't really matter. Screw KWAP

As long as LBS is performing, with sufficient projects, landbanks and keep issuing dividends, we just keep buying to support the Company and Tan Sri.

A day will come when LBS will gap up.

Truly cannot deny the fact that this company is super undervalued. So buy as much as possible and wait for the day we fly to the moon.

Yea just keep holding and average down.

Nothing much else can do, until KWAP or the unknown cockblocker stop pressing the price down and bullying everyone.

I have just realized that KWAP has been heavily purchasing Top Glove shares.

I cannot say if is related, because KWAP is a big pension fund agency and they have shares in so many companies, but one thing for sure is that they have been buying a lot of Top Glove, and the funds have to come from somewhere.

So presumably whatever KWAP dispose in LBS, the proceeds is used to fund for the purchase of Top Glove.

Not sure what they see in Top Glove considering that their performance is not that good since the covid pandemic, and no dividend payout for 2 years already.

I am just theorizing there might be some relation considering that Tan Sri Lim Hock San & Tan Sri Lim Chee Wai are good friends with surname Lim.

RHB change their view on LBS from HOLD to BUY, with TP 0.72 :)

As of date, I am still holding on with an average price of 0.804 and 1,337,500 units.

Plan to stock up more units in near future :)

Based on 3rd Quarter to 3rd Quarter comparison, LBS revenue is much lower.

This is mainly due to slow approval process on its project which caused delayed project launching, as well as due to the disposal of the Zhuhai Circuit.

Despite lower revenue, the disposal is a positive and strategic move because it helped to reduce gearing ratio and improve cash flow. And on top of that it was a profitable divestment, which allowed the Company to share the disposal profit through a special dividend of 2.6% with its shareholders.

As of 28/11/2024, LBS has 3,746 acres of landbank, an increase by 1,060 acres from 2,686 acres as reported on 31/07/2024. This is another positive note to highlight, to show that LBS still has a strong pipeline of development projects ahead.

Apart from Property Development which accounts for majority of its revenue, the LBS Group is also venturing into renewable energy: Solar & Hydrogen which will most definitely play an important role in the future to come as more clean energy is demanded with the rising demand for Data Centers in Malaysia, and this will also create a new sustainable source of revenue for the Group.

As of 30/11/2024, MARC still retains its rating AA rating on LBS's 750 million Islamic Medium-Term Notes Programme with a quote "Stable Outlook"

Overall despite economic challenging times, LBS Group is still holding a steady ship under the leadership of Tan Sri Lim Hock San, and we hope major investors will see a hidden gem in this Company and take up the shares where KWAP left off. Till today, the share value is still very much undervalued.

Don't get hopes high for share price to shoot up.

If 3QR is good, it might cause price to go up a little, but not by much.

The overall stock market locally and regionally is quite weak.

Don't think we will see any real action until sometime around Feb'25, when 4th QR comes out.

Two days left to release QR.

Last day to release is 29th November 2024.

It will not be 100% LRT because it will take too long to finish and now is already nearing end of 2024.

It will also not be 100% ART because ART is not 100% reliable, as evidently seen in Indonesia, returning the ART back to China.

So it will be a hybrid of two systems, which is still beneficial to LBS. So yea, the LRT/ART project is consider a wild card.

Hopefully Putrajaya give green light soon, if they hope to match completion date with RTS.

Tan Sri is still purchasing his own company shares so that is some relief.

LBS price is still not going up and gradually slipping. Before this we know KWAP was behind it, but right now no news of KWAP disposing, so perhaps is someone else with large shareholdings that is trying to press the price down lower.

Yea, this year 3rd QR a bit slow compared to last year.

But should be ok, because MGB has already reported a good QR, and most of other Property Developers have also reported good earnings in 3rd Quarter, which is a positive indication in the Property Industry.

I truly understand a lot of retail investors are nervous because the current market price of the share is quite bad.

Sometimes, the market share value of the Company does not match the actual fair value, and may require some patience.

Now is the time where it truly test our faith in LBS. Apart from looking at fundamentals, another way to help bolster our faith in LBS is by taking a trip to see their Scapes Hotel, M3 Mall, Housing sites, Industrial Development sites, as well as other developments under MGB, and see for yourself what your money is investing in.

Recently I had a retreat with my wife to LBS SCAPES Hotel and it was very pleasant. The roads leading to the hotel is unpleasant due to ongoing constructions by other developers, but once reached the Hotel, it was quite a pleasant stay.

MGB might be able to hit RM 1.0 billion revenue for FY'24 :)

Just bought additional units today. Current average @ 0.805 (Units: 1,333,500)

Fundamentally MGB is a good Company.

Sometimes market price does not equally match the actual fair value because share price is mainly influence by market sentiment.

Right now, the overall KLSE is barely staying above 1600 points. Most major investors are pulling the handbrake because they are still waiting for Trump's policies.

We need big players to step in, then the price will shoot up. Like it or not at the end of day, we retail investors still have to rely on major investors to push the market.

Current MGB price is considered undervalue, so is good to buy more now.

@Joel77, I am still on board. Currently I am at 0.813 with 1,293,500 units.

Trying to work my way down to below 0.800

MGB just released their 3rd QR today. If MGB has good QR, then LBS should have good QR also.

Wait for QR

Whole KLSE market is shit anyways. Barely staying above 1600 points

lol....Indonesia is planning to return the ART.

https://www.thejakartapost.com/indonesia/2024/11/14/indonesia-to-return-art-units-to-china.html

Hopefully Putrajaya and Johor State Gov sees ART as potential failure, and should instead opt for LRT, to complement the nearly completed RTS.

LRT is more expensive than ART but more reliable and good investment for JB State in the long run.

Fingers crossed LBS gets the LRT project.

If 3rd QR is good, price might go up.

But hard to say for sure, considering the whole market is quite bearish. It is almost mid November and KLSE has fallen to 1600 level.

Don't think we can achieve 1730 as predicted by some analyst earlier this year.

So there is a possibility we might have to hold on to LBS abit longer till next year after 4QR comes out sometime in February 2025. (Provided if 4QR is.good as well)

Best course of action is just to keep holding current position or average down.

Zhuhai Deal completed as of 8th November 2024 :)

Share price down due to lacking in SBB by the Company and Tan Sri, and most probably, other investors waiting to see 3rd QR results which will out this month.

Without support price might fall lower than 0.56 in short term. Take advantage of this moment to buy lower.

Despite LBS downtrend and frustrations as of late, I still want to hold on to the hope that one day the true value of LBS will come forward.

Apart from the Company's fundamentals, current and future projects, I do constantly benchmark LBS against other Property Developers within the industry, such as BNASTRA, KERJAYA, UEMS, WCT. Although no one company is 100% the same, but if we benchmark in terms of market share size or revenue earnings, it does not make sense that LBS can be price at 0.560. In fact anything less than 1.00 is just absurd.

Some of the competitor mentioned above are not even performing that well or on par with LBS, and yet their share price is way higher than LBS, which is insane and makes no sense.

These are some of the reasons why I keep holding. Hope you see the same Joel77.

I was stuck at 0.860 *(At this point, don't think there are many investors at level 0.860 or above already. Either they have jump off LBS or like me slowly average down)

As of today, I have average down to 0.820

Trying to work my way down to around 0.750-0.780

Am looking forward to next purchase around 0.530-0.550. Don't think it will fall below 0.500 🙊

Current holding: 1,260,000 units

Be prepared, price might go lower by Friday or next week. Expected range 0.53 - 0.55

I have collected some @ 0.580, 0.575, & 0.570. The lower it goes the better for all of us to average down.

Happy bargain hunting.

3rd QR will be release within November 2024, for the Quarterly Financial of Jul'24-Sep'24.

Lets just wait for 3rd QR, which will be out in 2-3 weeks.

Most important right now is, LBS must proof to investors that they are still a good company, with good fundamentals, despite KWAP disposal.

Last special dividend was back in 2013/2014.

Special dividend will surely help boost some investors confidence.

Don't think there will be any rebound until after Oct 2024, when LBS finalized the disposal of Zhuhai Circuit, and announce special dividend, if any.

Between 18 - 22 Oct, KWAP has disposed: 17,777,500.

With this sale volume, LBS price gone down from 0.66 to 0.58, in 3 trading days.

Best advice for current retail investors still holding is ride the elevator down to lowest point, and buy at lowest point to average out then sell and get out with minimal losses

Is KWAP not KWSP

KWAP = Civil Servant Pension Fund
KWSP = Private Sector Pension Fund

But regardless, any Government related agency that becomes major shareholder of a Public Company must always be careful, cause they are all assholes.

At this point I hope KWAP just dump everything and leave LBS. Worst shareholder ever.

The news that you shared should not be any affect on LBS, because LBS doesn't involve much in mega projects.

Most of its development projects are private developments.

Something is just wrong with LBS, that we retail investors are not able to see.

GG liao....price keep dropping again....

We keep reading good news, but somehow price just keep dropping. Looks like the market is not as transparent as one would thought....

Sigh.....
The latest RM9.5 billion project also has no positive impact on share price....What the hell is going on?

It does not make f@#king sense.....any other company would have skyrocket by having this kind of news...

Fingers crossed tomorrow's Budget.

LBS might be poised for a breakout and hit above 0.70

Most major investors waiting to see upcoming Budget....

One of the major factors people are waiting to see is if LBS will get the Johor LRT Project.

Johor state government said they prefer to opt for ART instead of LRT as it is cheaper, but all this depend on the Federal Government decision and budget allocation. If Federal can approve and allocate more budget for the Development Sector, it might increase the chances of LBS to getting the Johor LRT project.

Also, note that we have 2 more weeks to go till end of October to see if the disposal transaction of Zhuhai International Circuit is completed...

Recently LBS has already announced 2 good news: Solar Project & Mixed Development @ Seri Kembangan worth GDV RM 861.00 mil

**Fingers Crossed For More Good News Ahead**

Another good news and milestone for LBS.

But as usual for its share price, it depends on the market sentiment. *(Fingers Crossed)

hahahaha.....funny way of thinking war as part of their employment...lol

Too much middle east tension.

If you think about it most of the share counters were doing well, for the 1st half of the year. It was when things escalated between Israel & Iran, that things went to shit.

Bloody extreme terrorist group. I hope Israel bomb the shit out of these cockroaches.

Yea, but is an Off Market Disposal

"Off Market disposal by child via Direct Business Transaction"

Still don't have strong buy momentum.

In the past one year, here is the estimated share purchase and disposal:

*LBS Share Buy Back: 5,398,100 units of shares
*Tan Sri Purchase: 5,528,000 units of shares

**Datuk Wira net Disposal: (10,000,000) units of shares
**KWAP net Disposal: (17,773,777) units of shares

Despite there were major disposal by Datuk Wira & KWAP in the past one year, but the Company itself & Tan Sri are steadily and continuously buying up the shares.

As of date, most 3rd party analyst have the same conclusion which is both LBS and MGB are significantly undervalued.

I think at current price now or any lower is worth collecting as much as possible.

KWAP dispose again....f%&k

No idea, market manipulation perhaps by KWAP....

It is not functioning like a normal company. What other reasons could there be except market manipulation....

LBS is a company where share price will drop despite there is good news and is performing...

I am stuck at 0.86, so my position is quite bad....hahaha

Anyone worst than me?

Still pending funds from major investors.

Right now majority trades for this stock mainly consists of retail investors, which have no momentum affect on the price.

The longer the price stay stagnant, the more it will make retail investors nervous and eventually pull out causing the price to drop further.

Could be a tactic by major investors to purposefully do this, so that they can collect at lower price.

But anyway, without any good incentive such as higher dividend, it is quite hard to attract major investors attention also....

We see lor this coming October, after the completion of disposal of Zhuhai Circuit, if there will be any special dividend....

Does anyone has any information on what is going on with the market?

It seems a lot of share counters lost whatever they have gained in the past 8 months.

KLCI is going up but share prices plummeting. WTF is going on...

Where is all the foreign investment funds, the government keep mentioning???