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Trust in the management leadership. There are not many public listed company out there that has value, ethics and long term vision.
Just to share some history information which not many investors know anymore. MGB Berhad used to be known as VTL Vintage Berhad, then after that it changed name to ML Global Berhad.
Before LBS took over, VTL / ML Global was a company that manufactures roof tiles. It barely made any profit. The company made more losses than any gain. It also had a lot of legal cases due to unable to pay off debts and was in PN17 status.
When LBS became majority shareholder and took over, they scrap off the old business and turn ML Global business 360 degree around, to become a construction company. Ever since then MGB has been profitable every year, and as of today, MGB is not just a construction company, but they are also IBS manufacturer, & property developer with local and international presence in Saudi Arabia. All this was possible under LBS leadership.
So, we have to trust in the management leadership in long term.
LBS still has large untapped landbanks in potential states such as Selangor, Pahang & Johor.
Recently LBS was awarded one of the largest Development Project by Kwasa Damansara (KWSP), which no other developer has managed to get. This says something.
On top of that, lets not forget their new in-house Rimbawan Project in Genting, and last but not least come November, if LBS manage to finalize & secure MOU with Oriental Holdings, this is going to be another huge win.
Share price will go up & down. It is the leadership & long term vision that matters.
