LBS BINA GROUP BHD
KLSE (MYR): LBS (5789)
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Last Price
0.54
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
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Discussions
18 people like this. Showing 50 of 4,008 comments
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.
1 month ago
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.
1 month ago
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)
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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 :)
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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.
1 month ago
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 month ago
Tomorrow is ex date, why they still want to press down the price.
Any explanation ??
1 month ago
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 month ago
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
1 month ago
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.
1 month ago
Dividend payout day :)
2024, coming to an end. Happy New Year fellow LBS investors.
Looking forward to 2025.
3 weeks ago
Is there anyone still haven't got their special dividend?
Payment was suppose to be on 30th December. And today still haven't receive... :(
2 weeks ago
@Alfred. If your trading account is a nominee account (ie. with an investment bank, Maybank), the dividend is always a few days late. M+ has already banked in the dividends yesterday morning.
2 weeks ago
LBS coming 9.5 bil Rimbawan Project located in Getting Highland should propel the company to new heights...This company is full of massive projects but its share price is lagging behind the big boys like Mahsing and Ecoworld...Surely one fine day it shall rise high to reflect its deep value n super growth story...
2 weeks ago
LBS should venture into Data Center development too just like Mahsing n Gamuda...Given it's huge landbank in strategic location, I m sure LBS is next on the card to drive Data Center growth in Malaysia...
2 weeks ago
LBS is in good hands. I was extremely impressed by its 5.3c dividend payout in 2024.
2 weeks ago
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