KUALA LUMPUR: LBS Bina Group Bhd’s core net profit for the first nine months of 2019 was in line, at 62%, with CIMB Equities Research and Bloomberg consensus full-year estimates.
“We deem the results in line as we expect a stronger fourth quarter due to higher revenue recognition from ongoing projects,” CIMB Research said in a research note.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!