This deal with Kwasa Land, is a done and secured deal. No MOU or LOI. Meaning, LBS can start the development already after getting the necessary development approvals & permits, which I assume will be fast because Kwasa Land is the Master Developer of the land and they are also wholly owned by EPF, and they want to expedite the development of this new City area.

As of date, LBS has successfully secured 2 new major townships area: Rimbawan (GDV 9.5 Billion) & Kwasa Damansara (GDV 8.3 Billion).

This is really good news because the existing major LBS townships like, BSP, D'Island, Cybersouth & Alam Perdana are almost complete, meaning not much development projects left in these areas.

If possible, LBS need to secure a 3rd major township in Melaka which is still in MOU stage with Oriental Holdings Berhad (GDV 7.0 Billion). If LBS can secure a 3rd major township, then there is a bright future ahead for LBS for the next 10-15 years.

Apart from major townships, it will also be a bonus if the LOI between LBS, CGWIC & PKNP to built a spaceport in Pahang can materialize. With 3 major townships and a spaceport, LBS will surely fly to the moon.

Short-term wise, we still need to be prepared for market fluctuations, because of market uncertainty from the US Tariffs, as well as regional conflicts (eg. clash between Thai & Cambodia). But overall, LBS has done a good job so far, in terms of its management & performance. Hoping for more good news to come.