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@Chan Ah Pek. If your uncle is friend to Tan Sri. Please have your uncle asked Tan Sri if the solar project has been completed? Is already September 2026 and still no news.....
Another bad news, project in Kwasa Damansara will only be launched in Q2 of 2027. Before this say will launch early 2027 but now is Q2. Celaka this Company, always delay their projects. The Management is taking their sweet fking time
Is in the announcement section: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS - Further to the announcement made on 26 June 2026, the Board of Directors of LBS Bina Group Berhad wishes to announce that both parties had agreed to an extension of 8 months from the initial date of 7 September 2026 for the completion of the SPA.
Management just announced they need 8 more months to complete land sale in JB. So meaning the sale revenue & net profit won't be realized until 2027. If the management don't push for more projects, meaning this year net profit might not even hit 100 million and above like previous years. At this rate, this year net profit maybe 60-80 million
Regardless of the price volatility, this Company is a money making machine. For the price to be at 0.25 is a premium discount with assured share price appreciation
