LBS 2QR is out. As expected, the overall performance is not that great. It has become of a concern to see the revenue gradually reducing over the past few Quarters, as well as the gradual decline in Unbilled Sales. This is an indication of growth slowdown in the Company.

We are witnessing the adverse effect of delayed project launches from previous years and MOUs that failed to materialize. While it is good news to see LBS Group go beyond its internal projects by winning external projects from Kwasa Damansara & CI Medini, but unfortunately we won't be seeing any positive results from these awards anytime soon for at least another 3 - 4 Quarters.

It is imperative LBS Group need to secure the MOU with Oriental Holdings to further strengthen its future prospects, as the Melaka M-WEZ territory is rather disappointing with so many setbacks for so many years that has little to no progress on the land reclamation and development of M-WEZ.

Overall while the Company is still a well managed Company with healthy landbanks and profitable operations, but it is starting to show some concerning signs with the gradual decline in Revenue, Unbilled Sales, Cash Flow & the Constant Delay Project Launches.

Investors are in for a tough ride ahead, if the Company is not able to speed up its internal project launches as well as secure more external projects.

I see that Tan Sri Lim is actively promoting good relations with China counterpart. I hope it will be beneficial to the Company is some ways in the foreseeable future.