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.
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.
TEL AVIV — Israel is bracing for a potential multiday attack by Iran and its ally Hezbollah following the assassination of two senior militant leaders last week, an Israeli official told NBC News.
The official said Israel fears waves of missiles and drones could be fired over several days in response to the killing of Hamas political leader Ismail Haniyeh and Hezbollah commander Fuad Shukr.
“They’ll just try to wear us out,” the official said.
Summary: Prior to LBS take over of Gerbang Mekar, it seemed that the development of the M3 Shopping Mall project also involved DBKL, and that Gerbang Mekar used to be an associate company to Mega Jaya Planner. Once the shopping mall project was completed, LBS acquire the M3 Shopping Mall by acquisitioning Gerbang Mekar for RM 105 million, and by the look of it, LBS has settled all debts/outstanding. So is quite clear, whatever alleged claims raised by Mega Jaya Planner through this litigation is got to do with the previous management before the took over. Could be that LBS paid Gerbang Mekar previous owner, and in turn the previous owner did not pay Mega Jaya Planner....
Heng ah! Good quarter report! I made a decision to sell my SPSETIA today due to my instinct that the quarter report is going to be released today! Gugulalat!
Yea very weird that LBS cannot move up and keep dropping.
The Company is profitable, with healthy balance sheet, there are a lot of ongoing projects and the Company has adequate land bank that can sustain the Company for up to 10-15 years. The company has good track record, with numerous awards and there is continuous growth. The Chairman himself is well connected to several Royalties and Menteri Besars....
BUT for some reason, the market is just not attracted to LBS.
Shit companies like Muhibah (0.815), UEMS (0.845), Tanco (1.04) & Tropicana (1.50) are not even performing that great and their share price is higher than LBS
Unknown404, LBS's share price would be adjusted (minus 1.35c div) when the market opened at 9am today. Its performance after that would depend on the market sentiment.
LBS Bina Group Berhad has been honoured with the "Highest Growth in Profit After Tax Over Three Years" award in the property sector category at The Edge Billion Ringgit Club Awards 2024.
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singkalin
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Posted by singkalin > 2 months ago | Report Abuse
When can touch level 9 again ??