LBS Bina seen meeting RM1.2bil sales target

The MGO was triggered by LBS

PETALING JAYA: LBS Bina Group Bhd is poised to meet its RM1.2bil full-year sales target and has the capacity to beat its peers in terms of sales and earnings growth, despite the soft property market, according to research houses.

CIMB Research in its published report said LBS had sold RM443mil worth of property in the first half of 2016 and was on track to meet its RM1.2bil full-year sales target on the back of stronger sales in the second half of the year.