Should not be of much concern. Like any bad news, the first market reaction is to sell.

In this case, the war is in middle east and nothing to do with Malaysia. The only industry that should be affected by this war are: Airlines, O&G, International Logistics and Export & Import based Companies. It should not have any medium to long term affect on Property Development & Construction in Malaysia. The selling pressure should be short term due to market over-reaction, and will eventually correct itself.

Based on last QR, we can clearly see once again, LBS has strong fundamentals, so it should not be of much concern for long term investment.

The subsidiary MGB has pre-cast factory in Jeddah, which may be affected indirectly by the war, but otherwise this war can also be an opportunity for MGB, once the war settles, and the strong need for rebuild which increases demand for pre-cast concrete. This is just my opinion.