Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: RHB
KUALA LUMPUR: RHB Research has upgraded its valuations for the property stocks, as many have almost hit its target prices recently.
'We still see values in the sector led by sustained property prices and demand, and valuations are still attractive at about +1 standard deviation above the average of P/B,' it said on Wednesday, Oct 20.
RHB Research said it expected the liquidity play and margin expansion will first flow to the big caps.
'Our favourite four are SP Setia (Upgrade to OP, FV upgraded to RM5.94); IJM Land (OP; FV upgraded to RM3.50), Suncity (OP, FV upgraded to RM5.80) and Mah Sing (OP, FV = RM2.33). Maintain Overweight on the sector,' it said.
Company Name: SP SETIA BHD
Research House: RHB
KUALA LUMPUR: RHB Research has upgraded its valuations for the property stocks, as many have almost hit its target prices recently.
'We still see values in the sector led by sustained property prices and demand, and valuations are still attractive at about +1 standard deviation above the average of P/B,' it said on Wednesday, Oct 20.
RHB Research said it expected the liquidity play and margin expansion will first flow to the big caps.
'Our favourite four are SP Setia (Upgrade to OP, FV upgraded to RM5.94); IJM Land (OP; FV upgraded to RM3.50), Suncity (OP, FV upgraded to RM5.80) and Mah Sing (OP, FV = RM2.33). Maintain Overweight on the sector,' it said.
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