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LBS subsidiary Sinaran Restu S/B, just entered into an SPA with Asiana Square S/B for the disposal of 2 parcel of empty land in Johor. Land size is about 8,267 Square Meters or approximately 2 acres.
Total cash considerations RM 110 million. LBS is expected to realised an approximate gain of RM 45 million from this deal, in financial year 2025.
Today Buy
Rate @ 58%. Meaning more buyers than sellers. On the one hand yes, quite a lot of dumping, but at same time, quite a lot of buyers. Someone is collecting massive amount of LBS share.
Becareful with NCT. It might look attractive that the price went up by a lot, but if we look closely, this Company has a very small portfolio of projects despite so many years of operation, which shows slow growth. Looking at their annual P&L and Balance Sheet, they are actually a very small Property Developer, so it make no sense that their share can be valued at RM 0.65. Current price of 0.65 is considered overvalued in comparison to other peers in the Property Development Industry. Company like Avaland is smaller than LBS, but bigger than NCT and on top of that Avaland has better project portfolio & earnings, but share price is only at 0.245. So it is impossible 0.65 is the fair value for NCT. I strongly believe NCT is overvalued.
NCT is operated by the Yap family and the Directors are mostly family members. If we look at the Shareholding Changes, we can clearly see a lot of buy & sell activity among Directors & their own investment holding company (YBG YAP CONSOLIDATED SDN. BHD). This is clearly a pump & dump Company.
If there is no public announcement of KWAP disposing, then it is not them that is selling. KWAP is a major shareholder. They can't buy or sell a single share without publicly announcing it. So, if there is no public announcement, that means it is someone else.
Patience & think long term. Daily price movement is just a distraction.
Next good news I am looking forward to is the "strike off" of the litigation case, which we will know soon in November 2025.
At this point I don't care what is the price, because I am thinking long term. As long as LBS & MGB keep having good news and keep growing. The future is promising for both the Group & Investors.
I think one of the next big project they will announce in near future is with regards to Plantation Project. Still too early to be sure, but I saw they have a new subsidiary called LBS Agro Farm Sdn Bhd in the Corporate Structure. The whole Group is slowly diversifying its business into other areas.