Equity Analysis /
Malaysia

MY : LBS Bina Group - Things just keep getting better

    Siew Teng Ngo
    Siew Teng Ngo

    Research Analyst

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    CGS-CIMB
    30 August 2021
    Published byCGS-CIMB

    1H21 core net profit came in above expectations at RM53m, largely buoyed by stronger performance from property development and construction units. As of end-Aug, new property sales came in at RM728m and bookings stood at RM600m. Reiterate Add, with an unchanged TP of RM0.56.