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

Fundamentally MGB is a good Company.

Sometimes market price does not equally match the actual fair value because share price is mainly influence by market sentiment.

Right now, the overall KLSE is barely staying above 1600 points. Most major investors are pulling the handbrake because they are still waiting for Trump's policies.

We need big players to step in, then the price will shoot up. Like it or not at the end of day, we retail investors still have to rely on major investors to push the market.

Current MGB price is considered undervalue, so is good to buy more now.

@Joel77, I am still on board. Currently I am at 0.813 with 1,293,500 units.

Trying to work my way down to below 0.800

MGB just released their 3rd QR today. If MGB has good QR, then LBS should have good QR also.

Wait for QR

Whole KLSE market is shit anyways. Barely staying above 1600 points

lol....Indonesia is planning to return the ART.

https://www.thejakartapost.com/indonesia/2024/11/14/indonesia-to-return-art-units-to-china.html

Hopefully Putrajaya and Johor State Gov sees ART as potential failure, and should instead opt for LRT, to complement the nearly completed RTS.

LRT is more expensive than ART but more reliable and good investment for JB State in the long run.

Fingers crossed LBS gets the LRT project.

If 3rd QR is good, price might go up.

But hard to say for sure, considering the whole market is quite bearish. It is almost mid November and KLSE has fallen to 1600 level.

Don't think we can achieve 1730 as predicted by some analyst earlier this year.

So there is a possibility we might have to hold on to LBS abit longer till next year after 4QR comes out sometime in February 2025. (Provided if 4QR is.good as well)

Best course of action is just to keep holding current position or average down.

Zhuhai Deal completed as of 8th November 2024 :)

Share price down due to lacking in SBB by the Company and Tan Sri, and most probably, other investors waiting to see 3rd QR results which will out this month.

Without support price might fall lower than 0.56 in short term. Take advantage of this moment to buy lower.

Despite LBS downtrend and frustrations as of late, I still want to hold on to the hope that one day the true value of LBS will come forward.

Apart from the Company's fundamentals, current and future projects, I do constantly benchmark LBS against other Property Developers within the industry, such as BNASTRA, KERJAYA, UEMS, WCT. Although no one company is 100% the same, but if we benchmark in terms of market share size or revenue earnings, it does not make sense that LBS can be price at 0.560. In fact anything less than 1.00 is just absurd.

Some of the competitor mentioned above are not even performing that well or on par with LBS, and yet their share price is way higher than LBS, which is insane and makes no sense.

These are some of the reasons why I keep holding. Hope you see the same Joel77.

I was stuck at 0.860 *(At this point, don't think there are many investors at level 0.860 or above already. Either they have jump off LBS or like me slowly average down)

As of today, I have average down to 0.820

Trying to work my way down to around 0.750-0.780

Am looking forward to next purchase around 0.530-0.550. Don't think it will fall below 0.500 🙊

Current holding: 1,260,000 units

Be prepared, price might go lower by Friday or next week. Expected range 0.53 - 0.55

I have collected some @ 0.580, 0.575, & 0.570. The lower it goes the better for all of us to average down.

Happy bargain hunting.

3rd QR will be release within November 2024, for the Quarterly Financial of Jul'24-Sep'24.

Lets just wait for 3rd QR, which will be out in 2-3 weeks.

Most important right now is, LBS must proof to investors that they are still a good company, with good fundamentals, despite KWAP disposal.

Last special dividend was back in 2013/2014.

Special dividend will surely help boost some investors confidence.

Don't think there will be any rebound until after Oct 2024, when LBS finalized the disposal of Zhuhai Circuit, and announce special dividend, if any.

Between 18 - 22 Oct, KWAP has disposed: 17,777,500.

With this sale volume, LBS price gone down from 0.66 to 0.58, in 3 trading days.

Best advice for current retail investors still holding is ride the elevator down to lowest point, and buy at lowest point to average out then sell and get out with minimal losses

Is KWAP not KWSP

KWAP = Civil Servant Pension Fund
KWSP = Private Sector Pension Fund

But regardless, any Government related agency that becomes major shareholder of a Public Company must always be careful, cause they are all assholes.

At this point I hope KWAP just dump everything and leave LBS. Worst shareholder ever.

The news that you shared should not be any affect on LBS, because LBS doesn't involve much in mega projects.

Most of its development projects are private developments.

Something is just wrong with LBS, that we retail investors are not able to see.

GG liao....price keep dropping again....

We keep reading good news, but somehow price just keep dropping. Looks like the market is not as transparent as one would thought....

Sigh.....
The latest RM9.5 billion project also has no positive impact on share price....What the hell is going on?

It does not make f@#king sense.....any other company would have skyrocket by having this kind of news...

Fingers crossed tomorrow's Budget.

LBS might be poised for a breakout and hit above 0.70

Most major investors waiting to see upcoming Budget....

One of the major factors people are waiting to see is if LBS will get the Johor LRT Project.

Johor state government said they prefer to opt for ART instead of LRT as it is cheaper, but all this depend on the Federal Government decision and budget allocation. If Federal can approve and allocate more budget for the Development Sector, it might increase the chances of LBS to getting the Johor LRT project.

Also, note that we have 2 more weeks to go till end of October to see if the disposal transaction of Zhuhai International Circuit is completed...

Recently LBS has already announced 2 good news: Solar Project & Mixed Development @ Seri Kembangan worth GDV RM 861.00 mil

**Fingers Crossed For More Good News Ahead**

Another good news and milestone for LBS.

But as usual for its share price, it depends on the market sentiment. *(Fingers Crossed)

hahahaha.....funny way of thinking war as part of their employment...lol

Too much middle east tension.

If you think about it most of the share counters were doing well, for the 1st half of the year. It was when things escalated between Israel & Iran, that things went to shit.

Bloody extreme terrorist group. I hope Israel bomb the shit out of these cockroaches.

Yea, but is an Off Market Disposal

"Off Market disposal by child via Direct Business Transaction"

Still don't have strong buy momentum.

In the past one year, here is the estimated share purchase and disposal:

*LBS Share Buy Back: 5,398,100 units of shares
*Tan Sri Purchase: 5,528,000 units of shares

**Datuk Wira net Disposal: (10,000,000) units of shares
**KWAP net Disposal: (17,773,777) units of shares

Despite there were major disposal by Datuk Wira & KWAP in the past one year, but the Company itself & Tan Sri are steadily and continuously buying up the shares.

As of date, most 3rd party analyst have the same conclusion which is both LBS and MGB are significantly undervalued.

I think at current price now or any lower is worth collecting as much as possible.

KWAP dispose again....f%&k

No idea, market manipulation perhaps by KWAP....

It is not functioning like a normal company. What other reasons could there be except market manipulation....

LBS is a company where share price will drop despite there is good news and is performing...

I am stuck at 0.86, so my position is quite bad....hahaha

Anyone worst than me?

Still pending funds from major investors.

Right now majority trades for this stock mainly consists of retail investors, which have no momentum affect on the price.

The longer the price stay stagnant, the more it will make retail investors nervous and eventually pull out causing the price to drop further.

Could be a tactic by major investors to purposefully do this, so that they can collect at lower price.

But anyway, without any good incentive such as higher dividend, it is quite hard to attract major investors attention also....

We see lor this coming October, after the completion of disposal of Zhuhai Circuit, if there will be any special dividend....

Does anyone has any information on what is going on with the market?

It seems a lot of share counters lost whatever they have gained in the past 8 months.

KLCI is going up but share prices plummeting. WTF is going on...

Where is all the foreign investment funds, the government keep mentioning???

Hopefully there is good news towards end of year.....sigh!!!!

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

Seriously WTF wei….

Wait until 3rd QR

The disposal is still in process.

Will complete in Oct 24

Fyi, LBS used to be worth 1.60 - 2.00 before they subdivide the shares 1:2

Fair value should be between 1.20 to 1.50

Not sure...but should be out within this week.

Usually few days later after MGB released the QR, LBS QR will also be released.

*MGB is LBS subsidiary

Sleeping Dragon

With regards to the material litigation, here are some read ups on the background for some context.

It is with regards to the shopping mall called: M3 Shopping Mall

Source (1): M3 Mall in Taman Melati to Open in October
Link: https://www.edgeprop.my/content/m3-mall-taman-melati-open-october

Source (2): LBS Bina to buy M3 Mall owner-operator for RM105m
Link: https://theedgemalaysia.com/article/lbs-bina-buy-m3-mall-owneroperator-rm105m

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....

At the moment nothing much to update.

Just hibernate until 2nd and 3rd Quarter Results.

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.

Don't know, but confirm he or she is an asshole for "dropping the ball".

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.

SNS QR just released.

If QR to QR comparison it doesn't look impressive, but as expected because VSTECS QR reported a lower revenue also in comparison to the same QR for the year before.

And we can see that SNS follows the same pattern.

As per what the SNS Managing Director said, it takes 3-4 months from point of order to deliver Data Servers, ordered by Clients.

So perhaps we will only see higher revenue & net profit towards end of year.

Looking at the latest QR, come Monday, investors might sell off.

Lets see....

SNS is still a good company to invest in, though it is also important to be realistic and don't always be too hyped with TP 1.0

Factoring in the latest QR, in my opinion, fair value should be between 0.60 - 0.70, and anything above is considered overvalued.

Hopefully there will be pull back to around 0.65.

Despite latest QR is not impressive but it is quite impressive that SNS has managed to secure a sale of 85.52 million in AI Hardware that will be realized in end of year, and on top of that based on latest QR, SNS cash flow has improved.

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.

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

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.

Patience.

Give LBS 2 weeks time for its share price to correct itself.