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Based on the daily chart, there is no evidence of downward trend. It seems, LBS will enter a consolidation phase.
I don't think there will be much price movement after ex-date. Price range should be around 0.565 - 0.575, as there is evidence from these few days of trading that someone is constantly trying to keep price at this level.
Skyworld awarded with RM 13bil affordable housing project.....Isn't this too big to chew?
The Company doesn't even have IBS facilities nor the experience to operate one efficiently. Without IBS, it will be challenging to develop affordable houses. Feel that this project should have been awarded to more experience Developer that specializes in affordable housing, such as LBS / MGB.
