Posted by Michael Kwok > 1 month ago | Report Abuse

Duh,mm2h only can buy rm 500k above property.please never forget there oversupply of property especially in higher end.A platinum mm2h bring usd 1.2 million ti malaysia.there wont buy a lot of property let say 10 of them.maybe buy 2 property worth rm 1 million each.rm 3 million to keep or do some businesses.there stay only at most 20 years.like tht want government to jail them.
22/10/24 5.45pm

Posted by turbochart > 1 day ago | Report Abuse

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!!!

Posted by Unknown404 > 1 month ago | Report Abuse

Date of Notice : 22/10/2024
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 21/10/2024 Disposed 2,128,000 -
Circumstances by reason of which change has occurred:
Disposal of shares in open market
Nature of Interest:
Indirect Interest
Consideration:

No of Shares Held After Changes:
Direct : 119,623,426 shares (7.7390%)
Indirect/Deemed Interest : 28,387,959 shares (1.8360%)
Total : 148,011,385 shares
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by Fundamental Trader > 1 month ago | Report Abuse

The way KWSP sell is unprofessional.

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by Joel77 > 1 month ago | Report Abuse

really scary, the fund throw, still holding it at loss

Posted by iyin666 > 1 month ago | Report Abuse

The disposal transaction of Zhuhai International Circuit is slated to be completed by end-October 2024, yet there are no updates on the said disposal. Disposal transaction having problems?

Posted by alfredloo90 > 1 month ago | Report Abuse

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

Posted by Joel77 > 1 month ago | Report Abuse

KWAP is the second largest shareholder in LBS

Posted by Unknown404 > 1 month ago | Report Abuse

Omg 0.58 already. When will go up to 0.63 leh? 😔😔😔😔😔😔😔😔

Posted by Unknown404 > 1 month ago | Report Abuse

Particulars of substantial Securities Holder
Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address Level 36, Integra Tower
The Intermark
348 Jalan Tun Razak
Kuala Lumpur
50400 Wilayah Persekutuan
Malaysia.
Company No. KWAPACT6622007
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 22 Oct 2024
3,957,600
Disposed Direct Interest

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by Unknown404 > 1 month ago | Report Abuse

Technical rebound tomorrow?

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by alfredloo90 > 1 month ago | Report Abuse

Last special dividend was back in 2013/2014.

Special dividend will surely help boost some investors confidence.

Posted by Unknown404 > 1 month ago | Report Abuse

If not this month announce, might be next month announce the Zhuhai Circuit's disposal

Posted by singkalin > 1 month ago | Report Abuse

Sorry Ashhole, your action causes everybody running away from LBS.
We dont know what is your motive.

Posted by singkalin > 1 month ago | Report Abuse

Today continue dumping.
Let see KWAP want to press LBS until what level.

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by Unknown404 > 1 month ago | Report Abuse

3rd QR is releasing on when? November or December?

Posted by alfredloo90 > 1 month ago | Report Abuse

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

Posted by paperhand123 > 1 month ago | Report Abuse

come on LBS, dont let KWAP goons f us over

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by Joel77 > 1 month ago | Report Abuse

what your average price now? @Alfred

Posted by alfredloo90 > 1 month ago | Report Abuse

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

Posted by Joel77 > 1 month ago | Report Abuse

We're in the same boat, bro. My paper gain has been wiped off since the gap down, the day after LBS requested a one-day shares suspension. Trapped since then.

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by singkalin > 1 month ago | Report Abuse

This Asshole KWAP also disposed a few million shares from Mahsing.
He either short of fund or just to colour up his qtr account.

Posted by WongAhMan > 1 month ago | Report Abuse

I see good potential in LBS like alfredloo90. It won't take too long for prudent investors to discover LBS's potential before they start investing heavily in this counter. Cheers

Posted by yesAH > 1 month ago | Report Abuse

yesAh - below 50 coming 🎅

Posted by mf > 1 month ago | Report Abuse

Time
US 30
41,962.4 42,166.2 41,916.2 -179.1 -0.43%
08:50:33
US 500
5,781.6 5,808.7 5,767.0 -32.1 -0.55%
08:51:56
US Tech 100
20,259.5 20,357.9 20,154.7 -140.3 -0.69%
08:51:05

Posted by Unknown404 > 1 month ago | Report Abuse

Please, good quarter report + announcement on Zhu Hai Disposal

Posted by Kevin Tam > 1 month ago | Report Abuse

KWAP n KWSP have been trading n playing short term in shares in past 4-5 years, if no solid negative news then most probably they selling while they feel the Regarding counter is overvalued or simply trading to earn quick money. LBS is long time property developer, below 59 cents sound attractive. The trend of many retail investors follow the buying or selling decisions of EPF then KWAP is not healthy, it may encourage the 2 institutes to be more active in trading shares..

Posted by Mitch0822 > 1 month ago | Report Abuse

Up 1cent just to drop 3 cents the next day

Posted by singkalin > 1 month ago | Report Abuse

Daily down. What happen ????

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by singkalin > 1 month ago | Report Abuse

HA HA. All my fund stuck at 0.67.

Posted by paperhand123 > 1 month ago | Report Abuse

mine at 68, see you at level 8 again...

Posted by singkalin > 1 month ago | Report Abuse

Daily down.
When start moving up ???

Posted by alfredloo90 > 1 month ago | Report Abuse

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.

Posted by alfredloo90 > 4 weeks ago | Report Abuse

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.

Posted by singkalin > 4 weeks ago | Report Abuse

Hit 0.550 today.
Started to become rubbish stocks already.

Posted by alfredloo90 > 4 weeks ago | Report Abuse

Wait for QR

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

Posted by Mitch0822 > 4 weeks ago | Report Abuse

It’s already rubbish

Posted by JT1601 > 3 weeks ago | Report Abuse

When will rebound.......

Posted by Joel77 > 3 weeks ago | Report Abuse

Is anyone still on board? my average is around 0.76, which is scary now.

Posted by ziyang8896 > 3 weeks ago | Report Abuse

Haiz,habis

Posted by ziyang8896 > 3 weeks ago | Report Abuse

I thought successful disposed the Zhuhai asset should be good..but turns upside down.. terrible 😔

Posted by alfredloo90 > 3 weeks ago | Report Abuse

@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.

Posted by Joel77 > 3 weeks ago | Report Abuse

I saw it wrongly just now, my average was 0.776. struggle now.

Posted by alfredloo90 > 3 weeks ago | Report Abuse

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