Because of tariff deadline 01/08/2025.

Lets hope for the best.

....and who knows, there is also a possibility if LBS do a good job in Kwasa Damansara, EPF might be the next major shareholder in LBS, and screw KWAP...hahaha

This deal with Kwasa Land, is a done and secured deal. No MOU or LOI. Meaning, LBS can start the development already after getting the necessary development approvals & permits, which I assume will be fast because Kwasa Land is the Master Developer of the land and they are also wholly owned by EPF, and they want to expedite the development of this new City area.

As of date, LBS has successfully secured 2 new major townships area: Rimbawan (GDV 9.5 Billion) & Kwasa Damansara (GDV 8.3 Billion).

This is really good news because the existing major LBS townships like, BSP, D'Island, Cybersouth & Alam Perdana are almost complete, meaning not much development projects left in these areas.

If possible, LBS need to secure a 3rd major township in Melaka which is still in MOU stage with Oriental Holdings Berhad (GDV 7.0 Billion). If LBS can secure a 3rd major township, then there is a bright future ahead for LBS for the next 10-15 years.

Apart from major townships, it will also be a bonus if the LOI between LBS, CGWIC & PKNP to built a spaceport in Pahang can materialize. With 3 major townships and a spaceport, LBS will surely fly to the moon.

Short-term wise, we still need to be prepared for market fluctuations, because of market uncertainty from the US Tariffs, as well as regional conflicts (eg. clash between Thai & Cambodia). But overall, LBS has done a good job so far, in terms of its management & performance. Hoping for more good news to come.

LBS entered into Development Rights Agreement with Kwasa Land, which is wholly owned by EPF to develop a collective land size of 192.32 acres.

RM 8.3 billion GDV. Highest value project award from Kwasa Land by far. Truly well done LBS

Just visited the Telok Gong Industrial Park site. Land clearing has been done. Launching of the industrial site should be soon in near future.

Order book are projects that are confirmed, but yet to execute.

Unbilled sales are on-going projects, which are billable to clients as it progresses.

OPR Cut will be beneficial for Property Developer. But LBS still lacking strong buy momentum to break resistance.

Just realized, tomorrow 9th July 2025 is not only the deadline on US-Tariff Exemption, but it is also LBS Court Hearing date on the legal case with regards to alleged unsettled sum for the purchase of the M3 Mall. Hope for the best outcome in this legal matter.

Now not good time to buy. Wait until after 9th July 2025.

We need to see if Trump will further extend tariff exemption or start implementing it. This few days will be red sea.

Don't have high hopes. Current gomen is only interested to help Gaza & Iran.