KLSE (MYR): LBS (5789)
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Last Price
0.73
Today's Change
0.00 (0.00%)
Day's Change
0.715 - 0.745
Trading Volume
5,422,700
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: PROPERTY PROPERTY
Subsector: PROPERTY PROPERTY
Index Group: PROPERTY PROPERTY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Woww LBS will be suspended for trading on 19th pending the release of a material announcement...Could it be LBS making inroads into Data Center development??? One thing for sure once it is resume for trading on 20th, the share price is surely above 1.00...LBS is Next!!!
1 week ago
Possibilities of material announcement:
1) DC Project
2) M&A
3) Land Sale
Feeling EXCITED !!!
1 week ago
5789CD LBS-CD, LBS-CD: CW LBS BINA GROUP BERHAD (KIBB) - +
LBS - REQUEST FOR SUSPENSION
18 Jun 2024, 19:00
LBS - REQUEST FOR SUSPENSION
LBS - REQUEST FOR SUSPENSION
ILC-18062024-00007
Kindly be advised that at the request of LBS, trading in the Company's
securities will be suspended with effect from 9.00 a.m., Wednesday, 19 June
2024 pending an announcement. As such, trading in the structured warrants
relating to LBS will also be suspended at the same time.
SVP, ISSUERS
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
1 week ago
Maybe A massive collaboration project
with China...1.50 is Sap Sap Sui for LBS over the coming mths to come...
1 week ago
LBS has a close and strategic ties with China companies...Something Big is Comingggg!!!
1 week ago
EQUITY TRANSFER AND DEBT REPAYMENT AGREEMENT BETWEEN DRAGON HILL
CORPORATION LIMITED AND HUAFA URBAN OPERATION (HK) LIMITED
1 week ago
LBS is expected to profit net gain of 80 mil from this transfer deal...tomolo upP
1 week 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 week 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 week ago
hahah dahh ckppp , sell on newsss , like ranhill ,later dah flush naikk balikk
1 week 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 week ago
Kelakar bile tengok orang kompang LBS masa suspend , sebab nk annouce good news ahaha in bursa SELL ON NEWS , remember that!!!!
1 week ago
2024-06-21
Insider
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 1,175,600 shares on 20-Jun-2024.
3 days 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.
2 days 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.
2 days ago
i think evening session the share price will move nearly to 0.80 and the price is support between 0.735-0.74
2 days 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
2 days 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.
1 day ago
scjm
what a timid player...come on show your prowess in your battle to hit 1.05
1 week ago