RHB Research.maintained its “buy” call on the stock with a 63 sen target price.
PETALING JAYA: LBS Bina Group (LBS) Bhd’s participation in the proposed light rail transit (LRT) project in the Johor Baru city centre is an opportunity for the company to monetise its land there and participate in an infrastructure concession if the project is approved, says RHB Research.
The research firm, which is “mildly positive” on the development, said the approval process for this mega infrastructure project may take a long time.
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!
