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Added on February 16, 2009, 2:01 pmYa, please dont sell LCL....... say no to peanut!!!!

This post has been edited by ABC2020: Feb 16 2009, 02:01 PM

anyone know when LCL will announce it's financial report?

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Added on March 11, 2009, 7:58 pm
Contents : INTRODUCTION
LCL Corporation Bhd (“the Company”) is pleased to inform that its subsidiary company in Singapore, LCL Furniture (S) Pte Ltd (“LCLS”) has on 10 March 2009, received three(3) separate Letters of Acceptance all dated 9 March 2009 (“LA”) from Marina Bay Sands Pte Ltd, Singapore (“MBS”) for interior fit-out works at a total contractual sum of SGD43.1 million (equivalent to RM 103.4 million)described as follows:-

a) Trade Contract no. 5214 – Contract for fit-out function rooms totaling SGD 17.7 million (equivalent to RM42.5 million);
b) Trade Contract no. 5215- Contract for fit out Ballroom totaling SGD18.6 million (equivalent to RM44.6 million) and;
c) Trade Contract no. 5216- Contract for fit out Pre-function rooms totaling SGD6.8 million (equivalent to RM16.3 million).


Why selling pressure of LCL still so high?, even LCL director keep mention few week ago, LCL is in the mid of securing singapore contract. LCL going to close shop?

This post has been edited by ABC2020: Mar 11 2009, 07:58 PM

16. PROSPECTS OF LCL

The current turmoil and credit crunch affecting world economy has taken the toll on Middle East especially Dubai and this has to a certain extent negatively impacted the financial performance of the Group.

However, the Group is optimistic that the situation will improve in the near future as most of the project will be completed and handover to respective clients by end of the year and this shall position the Group in a stronger financial position after realising profit from various projects undertaken and pare down bank borrowings associated with project financing.

Besides that, the Group has also started to penetrate into new market to reduce dependency on single markets. The on-going consolidation plan and various measures taken to reduce the overall gearing of the company shall also contribute positively to the future financial performance of the Group.

Barring any further unforeseen circumstances, the Group is expected to achieve a satisfactory result for the financial year ending 31 Dec 2009.

look like no one dare to buy LCL anymore... burn lke hell.. Lost confidence to LOW?... i in the mind to buy in this counter heavily. Any suggestion?

all counters very cheap!!!!!. i dont mind to buy and wait for few years. but just afraid they will close shop.

IF the price that they offer is higher that ur average buying price then u can gain profit. IF lower, nothing u can do. have to sell even suffer heavy lose.....