Acquisition of ML Global is long-term positive for LBS
Maintain “buy” with unchanged target price of RM1.
Maintain “buy” with unchanged target price of RM1.
KUALA LUMPUR (April 12): LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.
KUALA LUMPUR (April 12): ML Global Bhd will be bidding for construction jobs from the government, said Tan Sri Lim Hock San (pictured), managing director of LBS Bina Group Bhd, which has gained control of the former holding a 50.
WHILE the local property sector continues to be gloomy, LBS Bina Group Bhd’s shares are climbing steadily.
LBS Bina Group Bhd (April 4, RM1.
KUALA LUMPUR (March 14): Property sales by developers listed on Bursa Malaysia are expected to be flat or slightly worse than 2015 this year, said CIMB analyst Saw Xiao Jun.
PUCHONG (Feb 5): SkyVilla, the first condominium project in D’Island development by LBS Bina Group Bhd, has seen 59% of its 352 units taken-up as at January 2016.
KUALA LUMPUR (Jan 5): LBS Bina Group Bhd has set a sales target of RM1.
PETALING JAYA (Nov 13): LBS Bina Group Bhd managing director Tan Sri Lim Hock San won the World Chinese Economic Summit (WCES) Lifetime Achievement Award for enhancing relations with China during a presentation at the 7th World Chinese Economic Summit in the UK.