Alfred Loo's comment on LBS. All Comments
Alfred Loo
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Two good news in one day.

LBS managed to secure a JV with Oriental Holdings, with a kick start to its first project together worth RM 600 mil GDV.

This is a first stepping stone for the overall RM 7 billion GDV Melaka Project.

Second good news is MGB managed to secure a 2nd external construction job within 3 months from the last one.

Hope LBS Group keep the momentum going.
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Alfred Loo
Patience & think long term. Daily price movement is just a distraction.

Next good news I am looking forward to is the "strike off" of the litigation case, which we will know soon in November 2025.

At this point I don't care what is the price, because I am thinking long term. As long as LBS & MGB keep having good news and keep growing. The future is promising for both the Group & Investors.

I think one of the next big project they will announce in near future is with regards to Plantation Project. Still too early to be sure, but I saw they have a new subsidiary called LBS Agro Farm Sdn Bhd in the Corporate Structure. The whole Group is slowly diversifying its business into other areas.
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