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.
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.
Those bunch of terrorist have to keep the war going. Without war, they are out of work. They become unemployed. They don`t have skill other then firing rocket and killing peoples.
The Board of Directors of LBS Bina Group Berhad (“LBGB” or “Company”) wishes to announce that Suria Hijauan Sdn. Bhd. (“SHSB”), an indirect subsidiary of the Company, has on 9 October 2024 awarded an Engineering, Procurement, Construction and Commissioning (“EPCC”) contract to Atlantic Blue Sdn. Bhd., a wholly owned subsidiary of Solarvest Holdings Berhad (“Solarvest”), to construct a 43-MWp solar farm project for the Company at a total contract value of RM104 million.
The solar farm, to be located in Senawang, Negeri Sembilan, is expected to be completed by the end of 2025. Upon commissioning, it is projected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions. The solar farm is anticipated to contribute about 53,000 Renewable Energy Certificates (RECs) to the market, supporting corporate consumers in meeting their sustainability goals.
The award of contract signifies the commencement of the development of solar farm project and it is expected to have a positive effect on earnings and net asset of the Company arising from the profit to be generated from the farm. This contract will not have material effect on earnings per share, net asset per share and gearing of the Company for the financial year ending 31 December 2024
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
It has also launched its 315-acre township named Rimbawan in Genting on Oct 16. The GDV of this project is RM9.5 billion. It looks like it can break 70c barrier soon. Cheers
MM2H nowadays become Hong Kong and China MM1H. They said Msia is their Main Home oledi. They started goreng msia property now. 1 person buy few condo Etc. Anwar, pls action!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alfredloo90
61 posts
Posted by alfredloo90 > 2 months ago | Report Abuse
KWAP dispose again....f%&k