Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Overall comparatively between last year 2nd QR and this year 2nd QR, it is good.
In my opinion, I think major shareholders will still wait and see until 3rd QR before making a move. Reason is because, Oct'24 is when the disposal of Zhuhai International Circuit is expected to be completed. Major investors would want to see if the deal will be completed successfully and also to see if there will be any announcement on the special dividend.
Despite overall 2nd QR is good but the Property Development segment is the only business segment that is profitable, while the rest is still sustaining losses after tax. If LBS can show some improvement in other business segment in 3rd QR, this will help boost major investors confidence.
At this point in time, most investors are still hyped on development of Data Centers and because of this most of the investment funds are being directed to Companies that involve themselves in DC. If LBS can secure a contract to develop DC, this will surely further boost the share price.
