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MGB result just came out, so LBS should be out soon as well. Don't put too high hope on 2nd QR result. The project delays from last year as well as a few MOUs that cannot materialize causes domino affect on subsequent QR earnings within LBS Group. Don't think we will see uptrend in revenue until 3rd or 4th QR.
While MGB 2nd QR is profitable but revenue has been on a downtrend for the past few Quarters. I'd expect the same as well for LBS.
The recent external awards from Kwasa Damansara for LBS & CI Medini for MGB, is a welcome addition into the Group's portfolio. I'd hope the Group gets more external awards instead of relying mostly from own development, as it can be evidently seen own development has setbacks from approval delays.
Just a little of my opinion. The number of projects he has on hand is gradually increasing, so he needs huge funds to operate them, he needs financing, so he needs good company value, so he must first increase his stock price in order to promote financing and give investors confidence.
