He expects the Ijok project, which LBS plans to launch in the middle of next year, to be another earnings’ tool for the group from next year onwards. Another major development project LBS is banking on is its 640-acre Dengkil township development. Meanwhile, LBS’ announcement last month of streamlining its construction business under its 51.18% subsidiary ML Global Bhd, has put the two counters under the spotlight. This is to make sure ML Global is in the right direction, creating value for LBS’ shareholders eventually,” he added. ML Global shares rose 0.5 sen or 0.64% to 78.5 sen last Friday, with a market capitalisation of RM70.36 million.

Source: The Edge Markets October 10, 2016 01:55 UTC