“LBS is poised to benefit from the Malaysian government’s focus on affordable housing as the majority of its products are priced below RM500,000, ” CGS-CIMB Equities Research said. Mid-sized developer: LBS is a mid-sized property developer with a market capitalisation of RM595.50mil with net tangible assets valued at 89 sen per share.
KUALA LUMPUR: CGS-CIMB Equities Research remains positive on property group LBS Bina Group given the potential value arising from its development at China Zhuhai International Circuit and anticipated higher FY21- 22F earnings.
“LBS is poised to benefit from the Malaysian government’s focus on affordable housing as the majority of its products are priced below RM500,000, ” it said in a research note on Wednesday.
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