Posted by singkalin > 1 month ago | Report Abuse

Until now no news on the materials announcement ???????

Posted by WinBigOrLoseAll > 1 month ago | Report Abuse

sorry, we made a mistake, no news, tomorrow resume normally

Posted by turbochart > 1 month ago | Report Abuse

Is L, Not P,
Lexus vs Proton/Perodua😀

Posted by nemesis > 1 month ago | Report Abuse

News normally out after market trading closed...should be out later

Posted by goldenhope > 1 month ago | Report Abuse

EQUITY TRANSFER AND DEBT REPAYMENT AGREEMENT BETWEEN DRAGON HILL
CORPORATION LIMITED AND HUAFA URBAN OPERATION (HK) LIMITED

Posted by nemesis > 1 month ago | Report Abuse

LBS is expected to profit net gain of 80 mil from this transfer deal...tomolo upP

Posted by macai > 1 month ago | Report Abuse

This gain is considered rather immediate ie by Oct 2024

Posted by alfredloo90 > 1 month ago | Report Abuse

In my opinion, the latest announcement is considered a very positive news.

For better understanding, it is advisable to refer to LBS Corporate Structure, as you read through the announcement.

In summary:

LBS subsidiary: Dragon Hill Corporation Limited has entered an agreement with a third party called Huafa Urban Operation (HK) Limited.

An agreement whereupon Dragon Hill will dispose its subsidiaries namely Lamdeal Investments Limited, Zhuhai International Circuit Limited & Zhuhai International Circuit Promotion (HK) Limited, to Huafa Urban, for a consideration sum of RM 124,744,666.47.

Apart from the disposal, Huafa Urban (‘the Buyer’), is also willing to settle off all existing and current debt owing to LBS by Lamdeal Investments Limited, Zhuhai International Circuit Limited & Zhuhai International Circuit Promotion (HK) Limited, with a total debt settlement of 147,877,333.53.

Through this deal, LBS will no longer own the iconic Zhuhai International Circuit in the near future, but it is in the opinion of LBS Management a good decision to dispose this off, as the land which is used to build the Circuit has a leasehold that will expire in 19 years, and on top of that with more stringent regulations being introduced it is becoming harder to operate the Circuit.

Through this deal, LBS will gain an additional Cash Flow of RM 272,622,000, that can be used to focus on new or existing projects and through this disposal exercise, it is estimated LBS will have a disposal gain of estimated RM 80,000,000.00.

All in all it is a good deal, because not only does LBS come out with a net profit gain, but the Company will also be able to reduce the overall Group Debt’s level, and improved Cash Flow reserves.

Hence in my opinion, this is a very positive news.

Posted by alfredloo90 > 1 month ago | Report Abuse

Despite good news, it is important to have managed expectations. The overall market sentiment in Malaysia as well regional markets are down. This can be seen in most counters being in the red zone, so short-term wise LBS share price might not surge up as expected tomorrow or the day after.

However, long term wise, this disposal exercise will most definitely benefit LBS in long run.

Posted by nemesis > 1 month ago | Report Abuse

1.00 is coming for sure...Get readyyy

Posted by turbochart > 1 month ago | Report Abuse

Selling Lexus for 120m wakakakaaa...

Posted by yewnamhung > 1 month ago | Report Abuse

Lau sai ! why ?

Posted by Sunnykhor > 1 month ago | Report Abuse

Today can reach rm1

Posted by Apple2353 > 1 month ago | Report Abuse

Cirit birit.. mana ada RM1

Posted by goldenhope > 1 month ago | Report Abuse

Lousy

Posted by SorosMalaya > 1 month ago | Report Abuse

hahah dahh ckppp , sell on newsss , like ranhill ,later dah flush naikk balikk

Posted by NatsukoMishima > 1 month ago | Report Abuse

Their past few years dividen like give alms to beggar , even surge also max rm 1 only , not big returns , better shunt away from this kedekut stock !

Posted by Sunnykhor > 1 month ago | Report Abuse

No power...

Posted by Sunnykhor > 1 month ago | Report Abuse

Run

Posted by turbochart > 1 month ago | Report Abuse

Buy 10lot @ Egg 🥚 0zero😁

Posted by 9trader > 1 month ago | Report Abuse

just dont contra ....buy n keep sure make money

Posted by imbravo > 1 month ago | Report Abuse

Something big is coming!!!

Posted by goldenhope > 1 month ago | Report Abuse

big big ??

Posted by SorosMalaya > 1 month ago | Report Abuse

Kelakar bile tengok orang kompang LBS masa suspend , sebab nk annouce good news ahaha in bursa SELL ON NEWS , remember that!!!!

Posted by turbochart > 1 month ago | Report Abuse

Lower gear become Reverse gear😭

Posted by Vicky > 1 month ago | Report Abuse

Gostan at high speed.

Posted by singkalin > 1 month ago | Report Abuse

Why sell at good news???

Posted by speakup > 1 month ago | Report Abuse

🤐

Posted by scjm > 1 month ago | Report Abuse

sell asset to pay debt is often viewed unfavourable

Posted by scjm > 1 month ago | Report Abuse

notwithstanding that a lot of buying interest at 77 so price could go up to 80.5

Posted by nemesis > 1 month ago | Report Abuse

Very disappointed instead of going up, it tumbled

Posted by alfredloo90 > 1 month ago | Report Abuse

Patience.

Give LBS 2 weeks time for its share price to correct itself.

Posted by turbochart > 1 month ago | Report Abuse

alfredloo90 , I give you a like🤣

Posted by mf > 4 weeks ago | Report Abuse

2024-06-21

Insider

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,175,600 shares on 20-Jun-2024.

Posted by singkalin > 3 weeks ago | Report Abuse

Why Ecoworld dispose land in Johor for 402 millions, the share price shot up ?
LBS dispose Zhuhai, the share price crush down like hell.

Posted by Christine Cheah > 3 weeks ago | Report Abuse

What happen to LBS??

Posted by alfredloo90 > 3 weeks ago | Report Abuse

Is the timing bro...

Ecoworld disposed land during the time when overall market is uptrend.

LBS disposed asset during the time when overall market is downtrend.

Likewise with SPSETIA, its share price also did not go up despite successfully disposal of its Johor land worth RM 564 million.

The issue right now is not about LBS performance.

The issue right now is that the overall local and regional market are down, which in turn causes institutional investors to pull out, hence that is why market price of LBS is down.

If you look at Ecoworld, their share price is currently on a downward trend also, and same goes with most of other counters.

Sometimes, looking at all this comments, it does make me wonder if you guys got read the news and keep up-to-date with what is going on OR just 'main' hantam invest only and continuously ask ridiculous questions.

Posted by MDRIZWAN > 3 weeks ago | Report Abuse

i think evening session the share price will move nearly to 0.80 and the price is support between 0.735-0.74

Posted by alfredloo90 > 3 weeks ago | Report Abuse

At the moment, without a strong buyer, RM 0.80 is too high of an expectation

If KWAP stop their disposal, best price able to reach in afternoon session is RM 0.75-0.77

Posted by alfredloo90 > 3 weeks ago | Report Abuse

Huge Buy Volume interest @ 0.74.

If there is not much Sell Volume today, LBS might limit up to range 0.75-0.77 by end of day.

Fingers crossed KWAP stop their disposal.

Posted by singkalin > 3 weeks ago | Report Abuse

When can touch level 9 again ??

Posted by alfredloo90 > 3 weeks ago | Report Abuse

After re-evaluating LBS, the Property Development Industry and the overall Market condition.

I'd say we will have to wait until at least after 2nd or 3rd Quarter Results to gain rally from major investors confidence on the Company.

If LBS can announce a special dividend from the disposal of Zhuhai Circuit or announce project on DC projects, this will most definitely help to further boost the share price.

Posted by singkalin > 2 weeks ago | Report Abuse

Who the celaka KWAP Fund Manager ???

Posted by alfredloo90 > 2 weeks ago | Report Abuse

Don't know, but confirm he or she is an asshole for "dropping the ball".

Posted by Christine Cheah > 2 weeks ago | Report Abuse

Aiyoyo LBS

Posted by singkalin > 2 weeks ago | Report Abuse

Investor run because of this asshole Fund Manager.

Posted by alfredloo90 > 2 weeks ago | Report Abuse

Based on the 4 hours Candle Stick and MACD indicator, it does seem like the selling momentum / profit taking for LBS is slowing down.

Is still to early to say but LBS might be poised to break the 0.74 resistance either tomorrow or next week, provided if no unforeseen economic challenges or volatility comes in the way.

Posted by Christine Cheah > 1 week ago | Report Abuse

Any update pls?

Posted by alfredloo90 > 1 week ago | Report Abuse

At the moment nothing much to update.

Just hibernate until 2nd and 3rd Quarter Results.

Posted by nelsonlim > 3 days ago | Report Abuse

lbs coming?