LBS BINA GROUP BHD

KLSE (MYR): LBS (5789)

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Last Price

0.53

Today's Change

-0.01 (1.85%)

Day's Change

0.53 - 0.54

Trading Volume

4,232,100

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 1,530,028 1,748,051 1,828,456 1,721,040 1,364,272 1,077,282 1,325,205 1,121,958 1,362,138 993,619 680,400 668,265 11.82%
PBT 448,604 399,508 240,215 213,611 184,776 129,649 158,007 160,808 190,279 143,955 107,550 104,129 9.72%
Tax -115,132 -108,260 -81,225 -79,135 -66,076 -55,055 -65,487 -66,072 -77,248 -58,753 -37,110 -37,035 9.11%
NP 333,472 291,248 158,990 134,476 118,700 74,594 92,520 94,736 113,031 85,202 70,440 67,094 10.05%
-
NP to SH 309,638 268,780 140,271 126,284 95,065 50,616 70,672 85,110 103,403 85,301 76,011 69,930 8.03%
-
Tax Rate 25.66% 27.10% 33.81% 37.05% 35.76% 42.46% 41.45% 41.09% 40.60% 40.81% 34.50% 35.57% -
Total Cost 1,196,556 1,456,803 1,669,466 1,586,564 1,245,572 1,002,688 1,232,685 1,027,222 1,249,107 908,417 609,960 601,171 12.00%
-
Net Worth 1,736,755 1,699,748 1,465,637 1,387,065 1,327,282 1,367,742 1,384,816 1,346,285 1,275,459 1,072,559 1,020,318 915,194 5.36%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 57,340 42,089 - - - - - - 400 589 323 447 -
Div Payout % 18.52% 15.66% - - - - - - 0.39% 0.69% 0.43% 0.64% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 1,736,755 1,699,748 1,465,637 1,387,065 1,327,282 1,367,742 1,384,816 1,346,285 1,275,459 1,072,559 1,020,318 915,194 5.36%
NOSH 1,654,052 1,618,808 1,569,245 1,569,245 1,569,245 1,569,245 1,567,111 1,547,454 685,974 589,318 539,850 497,388 13.60%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 21.80% 16.66% 8.70% 7.81% 8.70% 6.92% 6.98% 8.44% 8.30% 8.57% 10.35% 10.04% -
ROE 17.83% 15.81% 9.57% 9.10% 7.16% 3.70% 5.10% 6.32% 8.11% 7.95% 7.45% 7.64% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 92.50 107.98 118.52 110.43 87.37 70.10 85.17 72.50 203.98 168.60 126.03 134.35 -1.38%
EPS 18.72 16.60 7.70 6.73 5.12 2.60 4.14 5.50 15.48 14.47 14.08 14.06 -6.46%
DPS 3.47 2.60 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.10 0.06 0.09 -
NAPS 1.05 1.05 0.95 0.89 0.85 0.89 0.89 0.87 1.91 1.82 1.89 1.84 -7.07%
Adjusted Per Share Value based on latest NOSH - 1,654,052
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 94.52 107.98 112.95 106.32 84.28 66.55 81.86 69.31 84.14 61.38 42.03 41.28 11.82%
EPS 19.13 16.60 8.67 7.80 5.87 3.13 4.37 5.26 6.39 5.27 4.70 4.32 8.04%
DPS 3.54 2.60 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.02 0.03 -
NAPS 1.0729 1.05 0.9054 0.8568 0.8199 0.8449 0.8555 0.8317 0.7879 0.6626 0.6303 0.5654 5.36%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 30/09/24 30/09/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 0.65 0.65 0.575 0.42 0.515 0.42 0.495 0.64 2.35 1.67 1.44 1.63 -
P/RPS 0.70 0.60 0.49 0.38 0.59 0.60 0.58 0.88 1.15 0.99 1.14 1.21 -9.55%
P/EPS 3.47 3.91 6.32 5.18 8.46 12.75 10.90 11.64 15.18 11.54 10.23 11.59 -6.51%
EY 28.80 25.54 15.81 19.29 11.82 7.84 9.18 8.59 6.59 8.67 9.78 8.63 6.95%
DY 5.33 4.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.06 0.04 0.06 -
P/NAPS 0.62 0.62 0.61 0.47 0.61 0.47 0.56 0.74 1.23 0.92 0.76 0.89 -4.10%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 29/11/24 29/11/24 21/02/24 21/02/23 24/02/22 25/02/21 27/02/20 28/02/19 28/02/18 27/02/17 25/02/16 27/02/15 -
Price 0.545 0.545 0.65 0.41 0.495 0.41 0.475 0.68 1.02 1.88 1.35 1.55 -
P/RPS 0.59 0.50 0.55 0.37 0.57 0.58 0.56 0.94 0.50 1.12 1.07 1.15 -7.86%
P/EPS 2.91 3.28 7.15 5.06 8.13 12.45 10.46 12.36 6.59 12.99 9.59 11.02 -4.69%
EY 34.35 30.47 13.99 19.76 12.30 8.03 9.56 8.09 15.18 7.70 10.43 9.07 4.92%
DY 6.36 4.77 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.05 0.04 0.06 -
P/NAPS 0.52 0.52 0.68 0.46 0.58 0.46 0.53 0.78 0.53 1.03 0.71 0.84 -2.31%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
18 people like this. Showing 50 of 3,999 comments

alfredloo90

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

1 month ago

JT1601

Touched new low 0.535

1 month ago

Joel77

so far no released result yet, or have they delayed the result already?

1 month ago

Joel77

Bro Alfred, you are brave.

1 month ago

JT1601

Brave + Rich

1 month ago

JT1601

Based on the unit holded by Alfred, I think he have invested RM 1 million in this counter.

1 month ago

hng33

bought LBS at 53.5sen

4 weeks ago

singkalin

anticlimax yesterday.

4 weeks ago

Mitch0822

New day new low

3 weeks ago

JT1601

Tmr QR sui sui come

3 weeks ago

Noni

We believe in Tan Sri

3 weeks ago

singkalin

How low can you go.
Thanks to asshole KWAP for pressing the price down.

3 weeks ago

Joel77

LBS quarter result a bit delayed this time, hope everything ok.

3 weeks ago

alfredloo90

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.

3 weeks ago

alfredloo90

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.

3 weeks ago

hng33

LBS wild card - Theta Edge now in the LBS–Ancom–Sinar Bina–BTS consortium, the collaboration would also contain an ART proposal on top of the JB LRT as Theta Edge is proposing ART for the three lines radiating from Johor Bahru (Skudai, Tebrau and Iskandar Puteri)

3 weeks ago

hng33

Monetize zhuhai will free up RM 270m for LBS

3 weeks ago

alfredloo90

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.

3 weeks ago

JT1601

This time QR so late release

3 weeks ago

alfredloo90

Two days left to release QR.

Last day to release is 29th November 2024.

3 weeks ago

Unknown404

When will the quarter report be released????

3 weeks ago

singkalin

everyday dump more than buy.
how to push the price??????

3 weeks ago

alfredloo90

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.

3 weeks ago

singkalin

daily drop by 0.05

3 weeks ago

Joel77

LBS gives special dividend.

3 weeks ago

hng33

One off gain from zhuhai. Payout 30% from gain as special dividend 2.6sen

3 weeks ago

MAX8186

TQ for the year end bonus. Pleasant surprise.

3 weeks ago

WongAhMan

The dividend will make the upcoming X'mas and CNY more exciting. Cheers

2 weeks ago

hng33

locked all profit at 59.5sen

2 weeks ago

alfredloo90

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.

2 weeks ago

alfredloo90

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 :)

2 weeks ago

alfredloo90

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

2 weeks ago

singkalin

Somebody is dumping big volume to press down the price.

2 weeks ago

singkalin

Why this asshole celaka KWAP keep dumping share???
Leap so short of fund.

2 weeks ago

Unknown404

Celaka KWAP, keep pressing down the price

2 weeks ago

alfredloo90

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.

2 weeks ago

StarOfTheBull

It seems KWAP non stop selling, but want to sell as high as he can.😁

2 weeks ago

Unknown404

Hang on there guys!

2 weeks ago

alfredloo90

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.

2 weeks ago

Mitch0822

What an asshole KWAP

2 weeks ago

singkalin

Now impossible to reach level 6.
KWAP was diverting fund from Mahsing and LBS to Top Glove.
Dont know why KWAP so interested in TOP Glove.

2 weeks ago

alfredloo90

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.

2 weeks ago

Unknown404

Celaka KWAP: please don't dump before the Ex Date

1 week ago

singkalin

EX date is so near, why still got people dispose ?

1 week ago

alfredloo90

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

1 week ago

singkalin

Tomorrow is ex date, why they still want to press down the price.
Any explanation ??

1 week ago

alfredloo90

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?

1 week ago

alfredloo90

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

3 days ago

singkalin

Possible to meet at Level 4 ???

2 days ago

alfredloo90

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.

2 days ago

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