Are You Ready?

Now that everyone is completing their second dose of COVID-19 vaccine, are you mentally ready to go back to normal? To how everything was before? Admittedly, it is a big step stepping out of the pandemic and going back to our previous routine, but eventually it must be done whether we like it or not.

We understand this might be a little stressful, especially with the number of daily cases being what it is, but remember how stressed out we all were having to sit at home for months, wishing everything would go back to normal? How working from home in a mostly non-conducive environment was taking a toll on our mental health?

When we are fully vaccinated, it becomes our responsibility to slowly start returning to our obligations. Meetings need to be done face to face for better clarification, things can be done more efficiently in a timely manner, and on top of performance improvement, it will also benefit our social and mental needs. We will finally get to breathe in some fresh air daily and we get to mingle and laugh with our colleagues.

As to how we understand your concerns, we hope you understand ours too. We must keep operating if we want to keep providing for everyone. Unfortunately, the harsh reality is we can only sustain when we are fully operational, and we know this is a bitter pill to swallow. As we embark on this journey of embracing the new normal at work, we need to learn to be interdependent. Relying on each other and helping each other out will ensure that we will be able to swiftly get back into our previous work routine safely and efficiently.

We promise we will be there with you every step of the way. Experiencing back-to-work anxiety is completely normal and together, we will manage the issue. Remember that you are not the only one who is facing this – we are too. There are plenty of ways for us to address this issue and one of it is identifying our causes for concern.

At any given time, you are allowed to voice out your concerns and together we will find the best solution. Let’s normalise openly talking about our mental health and to always be inclusive and attentive of one another. This will foster a mentally healthy workspace, and given the current climate, we are each other’s resources, so we must have each other’s back.

Two years ago, we could only dream of being here, unable to see the light at the end of the tunnel. This is a breakthrough, and we must seize this opportunity now more than ever to help our society return to what it was. We must turn over a new leaf and although it is still a little tricky, there are SOPs put in place to guide us through. We are not saying we are ready to go back to a mask-less society, but we are heading in the right direction. It is a scary step but a necessary one. If you want things to go back to the way they were, you have got to be your own hero.

What If?

What if I bought my first house 5 years ago, what if I listened to my family and friends to start saving for my own property instead of spending lavishly on trivial things. What would’ve happened if I didn’t do it properly last time and just do things according to my guts instead of doing research on things that I wanted to get. I’m sure many of you out there have regrets about not making the right decisions on things that have been done previously. Like me, my biggest regret was not buying my first property during my early twenties. But I have thought to myself not to think about the past and keep moving forward.

From what I have learned all these years, you must always grab any opportunity that comes into your life. Sooner or later, if you don’t grab it, you will have a sense of regret for not taking the opportunity that was presented to you. What if you got a new work opportunity previously but you felt that it was not the right time to move or felt that you are afraid to leave your current work for the sake of feeling secure, but years after that you felt that you should have taken the opportunity that was offered to you years ago.

But now, if you have the means to buy a house, it is the right time to do so. With the low-interest rates that are being offered to customers that want to purchase their first house. Promotions like HOC which stands for House Ownership Campaigns that will give a lot of benefits to home buyers. Now is the right time to start looking to purchase your first house. Worried that you will need to pay a lot of booking fees? Fear not. Now there are low booking fees, free legal fees, free stamp duty for loan and MOT (Memorandum of Transfer) and a minimum of 10% rebate for house purchases.

LBS Bina is known to build affordable houses for Malaysians, there’s a lot of locations for you to choose from in different states in Malaysia. Various selections of properties to fulfil your needs. Our selection of houses covers different regions of Malaysia including Kuala Lumpur, Selangor, Perak, Cameron Highlands and Batu Pahat, Johor. These properties could cater to all your needs from every level of income, which covers Landed Properties, Condominiums, and townhouses.

Finally, this is the right time for all of you to start looking out to buy your first house or even get your second or third house that could be used for your investment purposes. Because all these promotions and offerings will not last forever, as this will only last till the end of the year. Grab this great opportunity so that in the coming years you won’t feel a sense of regret. And accompanied with the phrase saying, ‘What if I grab the opportunity to buy my first house in 2021?’.

LBS Records Strong First Six Months Earnings With Profit After Tax RM 52.3 Million

30 August 2021

20210830 LBS RECORDS STRONG FIRST SIX MONTHS EARNINGS WITH PROFIT AFTER TAX RM 52.3 MILLION

For Immediate Release

 

LBS RECORDS STRONG FIRST SIX MONTHS EARNINGS WITH PROFIT AFTER TAX RM 52.3 MILLION

  • First six months revenue RM668 million increased 43%
  • Unbilled Sales RM2.25 billion

 

Petaling Jaya, 30 August 2021 – LBS Bina Group Berhad (“LBS” or the “Group”) today announced its second quarter results for the financial year ending 31 December 2021 (“Q2FYE21”).

 

For the quarter under review, the Group reported revenue of RM265.9 million, an increase of 59% year-on-year from RM166.9 million in the corresponding period in 2020. The profit before tax (“PBT”) more than doubled to RM25.2 million, as compared to Q2FYE20’s RM10.5 million. The Group further announced that its profit after tax (“PAT”) has increased year-on-year, to RM19.4 million as compared to the RM2.9 million for Q2FYE20. The strong quarterly results were mainly attributed to sustained demand and steady construction progress in the Group’s main business segment of property development, which continued to be the largest contributor to the Group’s earnings.

 

For the six-month financial period ended 30 June 2021 (“1HFYE21”), the Group registered significant revenue and PAT of RM668.5 million and RM52.3 million respectively, a surge of 43% and 614% as compared to the corresponding period in 2020. LBS maintained its healthy cash and cash equivalents of RM163.6 million in 1HFYE21 compared to RM156.9 million in 1HFYE20.

 

The Group further announced that it currently has 19 on-going development projects with an estimated Gross Development Value (“GDV”) of RM5.67 billion, land bank for future development of 3,343 acres with an estimated GDV of RM27.2 billion and unbilled sales of RM2.25 billion.

 

Despite the challenging environment, LBS still recorded commendable sales. As at 29 August 2021, LBS secured a total sales of RM728.3 million and bookings in the pipeline of RM599.8 million, and on track to meet sales target of RM1.2 billion for year 2021.

 

Commenting on the results, LBS Executive Chairman Tan Sri Lim Hock San said, “I am extremely elated with the Group’s set of results particularly for the half year. Despite the pandemic challenges we managed to achieved strong revenue of RM 668.5 million and PAT of RM52.3 million for the first six months. We will work towards to maintain the earning growth with fully committed efforts in overcoming obstacles and challenges.

 

He added, “The team has been focusing on the on-going development projects at KITA @ Cybersouth, Alam Awana, Skylake Residence, Residensi Bintang Bukit Jalil and Bandar Putera Indah. More than 77% of the Group’s revenue is derived from our Klang Valley development projects.

 

Also, technology is now more important than ever. The Group will work towards extending the leverage on technology and increase the digitalisation efforts in order to streamline and increase efficiency within the business operations. Our focus on digitalisation puts us in good stead for the remainder of 2021 as we plan to launch properties worth an estimated Gross Development Value of RM1.22 billion mainly in the Klang Valley area.”

 

In addition to the above, Tan Sri Lim hopes that the National Immunisation Programme will achieve its goals as this is vital to the recovery of economy.

 

For more information, please visit https://lbs.com.my/ .

 

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LBS Virtual Town Hall Meeting 2021

25 August 2021

20210825 LBS VIRTUAL TOWN HALL MEETING 2021

For Immediate Release

LBS Virtual Town Hall Meeting 2021

Embracing the New Norm with Digitalization Enhancement

Petaling Jaya, 25 August 2021 – LBS Bina Group Berhad (LBS) officially concluded their annual town hall meeting organized in a fully virtual setting. The primary aim of the meeting was to discuss the challenges faced by the company during the pandemic, how it was resolved, objectives and direction for the year. Though it was a virtual event, the town hall meeting served as a great platform and opportunity for employees to bond and be motivated.

‘‘The year 2021 marks the second year of us combating the pandemic. Albeit these times of uncertainty, LBS managed to pull through and continued to perform at its best. This is all possible thanks to the joint efforts of my team members in LBS Bina. Another contributor to our success would be our digitalization efforts and readiness in embracing this new normal by taking swift action and being interdependence. The road ahead may be challenging but if we continue to do what we do best, which is to provide quality yet affordable homes and improving our services, we will definitely achieve our 2021 sales target,’’ said Tan Sri Lim Hock San, Executive Chairman of LBS.

LBS presented its performance review for the year 2020 and provided updates on the company’s Digital Transformation Roadmap initiatives and other plans moving forward. LBS also recapped its campaign initiated in 2021 thus far namely #Duduk Rumah Deals 2.0 and 3.0, Ox-Picious 8, Raikan Rezeki Bersama LBS, and Vacci-Nation Bonanza, and the plans for the next half of 2021.

The town hall meeting remains to be the company’s official communication platform for both the management and employees to share the company updates and happenings. Approximately 500 employees from LBS Bina Group Berhad including employees from its public listed subsidiaries, MGB Berhad, and Zhuhai International Circuit Limited (ZIC) attended the virtual town hall meeting.

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20210803 LBS SHAREHOLDERS APPROVE DIVIDEND PAYOUT ALL 12 RESOLUTIONS WERE APPROVED AT THE AGM

For Immediate Release

 

LBS SHAREHOLDERS APPROVE DIVIDEND PAYOUT

All 12 Resolutions Were Approved At The AGM

 

Petaling Jaya, 3 August 2021 – LBS Bina Group Berhad (“LBS” or the “Group”) today concluded its 21st Annual General Meeting (“AGM”) which was for the first time conducted on a fully virtual basis. LBS announced that all twelve (12) resolutions presented for consideration were passed by its shareholders.

 

The shareholders approved, amongst others, the payment of a single-tier first and final dividend of 1.45 sen per ordinary share for the financial year ended 31 December 2020 (“Dividend”). The Dividend, amounting to approximately RM22.6 million, will be payable on 22 September 2021 to the shareholders whose names appear in the Record of Depositors on 27 August 2021.

 

After the AGM, LBS Executive Chairman Tan Sri Lim Hock San commented that he was contented with the positive outcome of the AGM. “We thank the shareholders for their trust and support. They have stayed with us through challenging times we have experienced during the pandemic. We are nevertheless focused on ensuring that LBS puts in a good performance for the second half of the year.

 

For this year, as at 31 July 2021, we have recorded property sales of RM684 million with bookings in the pipeline of RM651 million, and are on track to meet our target launches of 16 projects which have an estimated gross development value of RM2.1 billion. From a marketing standpoint, we have certainly adapted as we shifted our focus towards our digital marketing efforts in order to cater to the circumstances we are in. We look forward to continue repaying our shareholders as we take LBS forward,” he added.

 

For more information, please visit https://lbs.com.my/ .

 

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LBS Shareholders Approve Dividend Payout All 12 Resolutions Were Approved At The AGM

3 August 2021

Okay, I’m Vaccinated. Now What?

Two years ago, we could only dream of being here. Being cooped up in our homes with the number of cases only getting higher and higher, it did not seem like there was a way out. Being vaccinated is far from our imagination. We could not see the light at the end of the tunnel. Our spirit was low, we did not have the motivation to do anything, we missed our family and friends, we missed dining out, and we were worried we or any of our loved ones would get infected by COVID-19 – we had a hard time adjusting to the new normal.

On top of all the stress of going through a pandemic, we were still expected to live our lives as normal as possible, meeting work deadlines with a pay cut, and some even lost their job. We were living in uncertainties, and it was hard. We also had to go through a crash course on particle filtration, alcohol level to effectively sanitise, room ventilation, and a whole lot more things that we wish we knew a whole lot less about.

We also had to learn about interdependence to ensure the survival of our species. We learned about forming quarantine bubbles, donning protective gears just to go get groceries, and having only essential physical interactions. The days were suffocating, and the nights were long. We look forward to the day when we can breathe easier again, although the future seemed bleak.

And it seems like we are finally having a major breakthrough. COVID-19 vaccines have successfully been developed and distributed worldwide after months of research by healthcare experts. Vaccine rolls out in Malaysia kicked off on February 24 with Prime Minister Muhyiddin Yassin receiving the first of the two-dose Pfizer-BioNTech vaccine as mass inoculation campaign started.

Through the Ministry of Health (MOH), the Malaysia government has by far approved a few COVID-19 vaccines. One being RNA vaccine – genetic material from the pathogen only – known as Pfizer-BioNTech. Three being non-replicating viral vector vaccine – another virus that cannot copy itself carries the pathogen’s genes – known as CanSino, Johnson & Johnson, and Oxford-AstraZeneca. And the last one being an inactivated vaccine – killed pathogen that cannot replicate itself – known as Sinovac. Two other vaccines are currently undergoing clinical trials in Malaysia; one non-replicating viral vector vaccine – ReiThera, and one inactivated vaccine – Chinese Academy of Medical Sciences.

June 21 marks the kick-off of Phase 3 of National COVID-19 Immunisation Programme in Klang Valley, which would be the final phase of vaccination before heading to Phase 4: the Economic Recovery Plan. As of June 18, 4.9% of the population has been fully vaccinated while 12.4% has received their first dose. Life is slowly but surely going back to normal, so what now?

It seems like we are finally turning over a new leaf, but can we do pre-pandemic activities again? Yes, but it is a little tricky. Being COVID-19 vaccinated means the virus would no longer endanger you much, but they do not give you superpowers. You may still carry it and put those around you at risk, so until we have reached herd immunity, we still need to take precautions, but the list of pre-pandemic activities that you can do will grow.

It is completely normal to still feel scared even after you are fully vaccinated. To go back to a mask-less society or entering a crowded lift seem like a precarious act, and currently it still is as we learn more about the power of these vaccines, hence why the need to still follow the recommended SOP by MOH. Knowing the overall risk of infection in your area is also a good step towards making better decisions.

We are heading towards the right direction, but it is understandable if we are still enveloped with uncertainties as more research is currently being done. Simply returning to our old habits would be deadly. To be mentally prepared, remember that even though you have a new “force field” around you, it is not impenetrable.

It is important to refer to only credible news to not hinder the government’s vaccination effort so we can reach herd immunity faster. Do not easily trust forwarded messages you read on WhatsApp as most are fake news, and more importantly, do not forward it to others. Stop the chain, it starts with you, do not create vaccination hesitancy.

Bottom line is, yes, you can now breathe easier after being vaccinated. You can walk or sit taller and let go of some of the worries that have been lurking in the back of your mind for the last two years. Remember that getting over the pandemic is a journey, and while we race toward widespread vaccination to get back to life before COVID-19, we also must play our part in the meantime for the under 18 population who cannot yet get their shots.

Together, we will beat this and rise above it.

LBS Foundation Stays Consistent In Helping The Needy

15 July 2021