January 5, 2011

SPSETIA - RHB raises SP Setia's fair value

Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: RHB



SP Setia Bhd, a Malaysian property developer, climbed to a record after RHB Research Institute Sdn Bhd raised the stock's fair value to reflect a higher market value for its development landbank.

The stock climbed 1.3 per cent to RM6.38 at 9:53 a.m. in Kuala Lumpur trading, set to close at an all-time high.

The fair value for SP Setia was increased to RM6.95 from RM6.50, RHB said in a report today. -- Bloomberg



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