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Issue has never been about the Company, instead it has always been someone pressing the price down and keeping it at low level.
If observe the purchase trade, despite there are huge purchases, but it can't break the ceiling and sustain at higher price. Every time, a selling block has been cleared, someone quickly fill that block again and create a barrier, thereby preventing the price from going up.
Someone is keeping a very close eye on this stock and don't want it to go up.
Started @ 0.86, and worked my way down to current avg. price @ 0.80
Plan to continue to work way down to around 0.75 - 0.78
With the current market share price, it is without doubt 'shit' & undervalued...lol
I have find all the information I can, and don't see any issue, apart from the alleged legal case with regards to the M3 mall. I don't see anything wrong in terms of the Company's fundamentals, landbanks, and future projects/prospects. So that's why I keep holding on and slowly average down. Willing to hold long-term until LBS reach its true fair value.
Collect as much as possible. It might gap up next year.
Updates on notable projects to look forward in 2025, that will benefit LBS:
1) LBS new venture into RE Sector: Solar Farm
2) LBS new venture into RE Sector: Hydrogen Plant
3) LRT / ART Project in Johor
4) Land Reclamation Project in Melaka
5) Shipyard Project in Melaka
6) National affordable housing project worth RM 13 billion. *(PMX to announce in Jan'25). LBS is one of the pioneers in affordable housing, so chances of being part this national project is highly likely.
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.