KLSE (MYR): LBS (5789)
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Last Price
0.73
Today's Change
-0.015 (2.01%)
Day's Change
0.72 - 0.745
Trading Volume
3,773,700
Market Cap
1,154 Million
NOSH
1,580 Million
Avg Volume (4 weeks)
6,353,963
4 Weeks Range
0.71 - 0.77
4 Weeks Price Volatility (%)
52 Weeks Range
0.465 - 0.93
52 Weeks Price Volatility (%)
Previous Close
0.745
Open
0.74
Bid
0.725 x 586,300
Ask
0.73 x 239,100
Day's Range
0.72 - 0.745
Trading Volume
3,773,700
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 21-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 21-Aug-2024
T4Q P/E | EY
8.22 | 12.16%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.94 | 0.78
T4Q NP Margin | ROE
8.84% | 9.49%
2024-07-18
2024-07-17
Description:
LBS Bina Group Bhd is engaged in real estate business. The company operates through various business segments that are Property Development, which develops residential, industrial, and commercial properties; Construction, which design and build, civil engineering, and general construction activities; Management and Investment, which provides management services; Motor Racing Circuit, which includes motor racing circuit development and management; and Trading and Others, which trades in building material, insurance agent, and others. The Property Development segment generates maximum revenue for the company. It offers their services to the People?s Republic of China and Hong Kong region.
EQUITY TRANSFER AND DEBT REPAYMENT AGREEMENT BETWEEN DRAGON HILL
CORPORATION LIMITED AND HUAFA URBAN OPERATION (HK) LIMITED
1 month ago
LBS is expected to profit net gain of 80 mil from this transfer deal...tomolo upP
1 month ago
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.
1 month ago
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.
1 month ago
hahah dahh ckppp , sell on newsss , like ranhill ,later dah flush naikk balikk
1 month ago
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 !
1 month ago
Kelakar bile tengok orang kompang LBS masa suspend , sebab nk annouce good news ahaha in bursa SELL ON NEWS , remember that!!!!
1 month ago
2024-06-21
Insider
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,175,600 shares on 20-Jun-2024.
4 weeks ago
Why Ecoworld dispose land in Johor for 402 millions, the share price shot up ?
LBS dispose Zhuhai, the share price crush down like hell.
3 weeks ago
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.
3 weeks ago
i think evening session the share price will move nearly to 0.80 and the price is support between 0.735-0.74
3 weeks ago
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
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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.
2 weeks ago
At the moment nothing much to update.
Just hibernate until 2nd and 3rd Quarter Results.
1 week ago
singkalin
Until now no news on the materials announcement ???????
1 month ago