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As long as the company still has good fundamentals and good earnings, there is nothing to worry.
If KWAP wants to exit, let them.
LBS is good at doing business. 2 acre land can sell for 110 million. Imagine how many more prime land this Company has. If KWAP cannot see the value in this Company then is their loss.
With so many scandals and corruptions in Sabah. I am actually very relieved the MOU between LBS and State of Sabah to develop hydrogen plant did not go through. Is good choice to stay away from this state.
LBS subsidiary Sinaran Restu S/B, just entered into an SPA with Asiana Square S/B for the disposal of 2 parcel of empty land in Johor. Land size is about 8,267 Square Meters or approximately 2 acres.
Total cash considerations RM 110 million. LBS is expected to realised an approximate gain of RM 45 million from this deal, in financial year 2025.
Today Buy
Rate @ 58%. Meaning more buyers than sellers. On the one hand yes, quite a lot of dumping, but at same time, quite a lot of buyers. Someone is collecting massive amount of LBS share.
Becareful with NCT. It might look attractive that the price went up by a lot, but if we look closely, this Company has a very small portfolio of projects despite so many years of operation, which shows slow growth. Looking at their annual P&L and Balance Sheet, they are actually a very small Property Developer, so it make no sense that their share can be valued at RM 0.65. Current price of 0.65 is considered overvalued in comparison to other peers in the Property Development Industry. Company like Avaland is smaller than LBS, but bigger than NCT and on top of that Avaland has better project portfolio & earnings, but share price is only at 0.245. So it is impossible 0.65 is the fair value for NCT. I strongly believe NCT is overvalued.
NCT is operated by the Yap family and the Directors are mostly family members. If we look at the Shareholding Changes, we can clearly see a lot of buy & sell activity among Directors & their own investment holding company (YBG YAP CONSOLIDATED SDN. BHD). This is clearly a pump & dump Company.
