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I think instead of cursing at LBS, you should be cursing at useless investors with no back bone to continue hold on their shares and give up so easily.
To be frank. LBS is not the only counter down. Quite a number of share counters are down as well despite the companies are making steady earnings. Look at other bigger players like MahSing, they used to be highest @ 1.920, but drop until 1.010....OR SP Setia, they used to be highest @ 1.500, but drop until 0.840. These companies are experiencing downtrend too despite solid & steady earnings.
While other players like WCT has more or less the same market size capitalization as LBS, but it can be valued at 0.690 (i.e. higher than LBS), despite the company has shittier earnings & dividend payout than LBS.
Or look at Tropicana, this company has an even shittier earning performance every single quarters for quite a while already but the share counter is valued at 1.050 (i.e. higher than LBS)
Or look at MRCB, this company annual net earnings doesn't even hit 100 million while LBS consistently brings in annual net earnings above 100 million, but yet for some reason LBS share price is valued the same as MRCB on the 4th floor.
The share market makes no f#$king sense right now. So yes you are correct. Anything can happen.
I understand the frustration. LBS & MGB are rare gems with solid earnings & future growth prospects, but for some unknown reason price keep dropping like flies.
I believe one day will come when the market correct itself and the true fair value will surface, is just that we don't know when. Until that time comes, all we can hope for is a steady flow of good news. As long as there are good news from the company, we know the management team is doing good job and in good hands.