I bought my old shares @ 1.72 (78.18c adjusted) in 2015, got a bunch of nice dividends, then sold too early @ 81c(adjusted) in 2017...now I get to buy back at a slightly better than 20% discount to my old cost price =)
PPAM contract terminations to impact more developers: Report
KUALA LUMPUR (March 9): More Malaysia Civil Servants Housing Programme (PPAM) projects are “expected to be either put on hold or shelved”, reported The Edge Malaysia in its latest issue.
A source told the weekly that Protasco Bhd has been informed by Putrajaya Corp (PjC) (the project owner of PPAM in Putrajaya) to “temporarily postpone” development.
It was reported on Feb 27 that Damansara Realty Bhd announced that PjC had terminated a contract to develop 1,350 residential units and 45 commercial units with a gross development cost of RM467.3 million in Precinct 5 of Putrajaya.
Damansara Realty announced that the termination “was due to the government’s move to unify the development of affordable homes under the Ministry of Housing and Local Government”.
Developers contracted to construct PPAM homes include Ahmad Zaki Resources Bhd, Hap Seng Consolidated Bhd, Iris Corp Bhd, Zecon Bhd, LBS Bina Bhd and Spring Gallery Bhd.
“The level of progress of these projects could not be ascertained,” wrote the business publication.
Shot & long term bank borrowings are 1billion,recently 4th quarter revenue only 166mil.if revenue persist like this,the profit not even able to cover interest.
Day 82 of Fundamental Daily, YAPSS will be covering LBS Bina Group Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #LBSBinaGroupBerhad
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Posted by Money122 > 2018-05-04 15:33 | Report Abuse
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