Alfred Loo

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Fame: 542
Current Portfolio:
LBS: 1,530,000 @ 0.771
Joined Feb 2022

Comments

Alfred Loo replied to comment on LBS.
Counter is not shit. It is Malaysia economy shit.

Gov keep making things harder by increasing tax, removing subsidies, and ineffective fight against corruption...

So much national fund wasted and now the rakyat and business have to pay for it. cib@i

Economy so shit until rakyat have to take out EPF.
1 day · translate
Alfred Loo replied to comment on LBS.
SST is a double edge sword.

I hope SST will shift higher market demand for affordable homes, which is something LBS is specialize in.
1 day · translate
Alfred Loo replied to comment on LBS.
Quite a number of investors also stuck around 7th floor.

I am also at 7th floor. Nothing much we can do except keep holding, average down if got extra cash and keep collecting dividends.

Economy now very bad, most stocks are in red.

I understand the feeling bro. Whenever I have doubt I do site visit at their properties and project sites to reaffirmed myself.

If you are shareholder come for the upcoming AGM.
1 day · translate
Alfred Loo replied to comment on LBS.
Latest down is due to implementation of SST for Construction industry effective 1st July, which will have direct impact on Property Developer.

LBS is still a good and well managed company, but with many challenges ahead. It is already June and the share price hasn't improved so don't think we will see any improvement until end of year, maybe.
1 day · translate
Alfred Loo replied to comment on LBS.
No expectations of upward trend until some of the recently announced big project go beyond MOU or LOI stage.

For now price will maybe play around 0.475 - 0.515

Hopefully MOU with Oriental can materialize within the 3 months MOU
2 weeks · translate
Alfred Loo replied to comment on LBS.
If OPR can go down to 2.50%, this will definitely boost purchasing power in housing sector.
2 weeks · translate
Alfred Loo commented on SET.
Profitable QR...Good
2 weeks · translate
Alfred Loo replied to comment on LBS.
MGB result just came out. Not the best result but it wasn't bad either. Overall a steady earning for 1st QR.

LBS result should be out in next couple of days.
2 weeks · translate
Alfred Loo replied to comment on MGB.
Steady earnings amidst turbulence time.
2 weeks · translate
Alfred Loo replied to comment on LBS.
Yea, no high expectations for 1st QR, because quite a number of projected delayed last year.

I think need to wait at least until 3rd QR or 4th QR to see stronger performance.

Overall there is nothing much to worry for this Company. It is quite well managed and they have secured quite a number of big projects that will benefit over long term period.
2 weeks · translate
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