Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: ECMLIBRA
Company Name: SP SETIA BHD
Research House: ECMLIBRA
SP Setia Bhd, a Malaysian property developer, was downgraded to “sell” from “hold” at ECM Libra Capital Sdn Bhd after the company announced a private placement.
ECM Libra analyst Bernard Ching also revised his share estimate for SP Setia to RM6 in a report today.
Meanwhile, RHB Research Institute Sdn Bhd said the company’s proposed share placement will dilute earnings.
The stock slid 3.3 per cent to RM6.48 at 9:32 a.m. local time, set for its lowest close since Januaary 7.
RHB cut its fair value for the company to RM7.39 from RM8.05, it said in a report today. -- Bloomberg
ECM Libra analyst Bernard Ching also revised his share estimate for SP Setia to RM6 in a report today.
Meanwhile, RHB Research Institute Sdn Bhd said the company’s proposed share placement will dilute earnings.
The stock slid 3.3 per cent to RM6.48 at 9:32 a.m. local time, set for its lowest close since Januaary 7.
RHB cut its fair value for the company to RM7.39 from RM8.05, it said in a report today. -- Bloomberg
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