Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: HWANGDBS
Company Name: SP SETIA BHD
Research House: HWANGDBS
HwangDBS Vickers Research has maintained its 'buy' call on SP Setia Bhd and increased the target price to RM7.90 from
RM5.96.
In a research note today, HwangDBS said SP Setia was expected to increase its land bank with the coming RM1.1 billion placement and record RM1.8 billion unbilled sales.
"SP Setia has a knack of winning lucrative land deals, and is eyeing more high-density mixed development and townships in Klang Valley," it said.
It said SP Setia's gross development value was estimated at RM3 billion over six years commencing financial year 2012.
"This could boost its financial year 2013 earnings by three per cent and revised net asset value by two per cent," it said.
HwangDBS said the potential catalysts for the company would be robust sales, higher yield per acre and lucrative land sales. -- Bernama
RM5.96.
In a research note today, HwangDBS said SP Setia was expected to increase its land bank with the coming RM1.1 billion placement and record RM1.8 billion unbilled sales.
"SP Setia has a knack of winning lucrative land deals, and is eyeing more high-density mixed development and townships in Klang Valley," it said.
It said SP Setia's gross development value was estimated at RM3 billion over six years commencing financial year 2012.
"This could boost its financial year 2013 earnings by three per cent and revised net asset value by two per cent," it said.
HwangDBS said the potential catalysts for the company would be robust sales, higher yield per acre and lucrative land sales. -- Bernama
SP Setia is a well managed company. But the share price has went up a lot. I think may take some time for another big run.
ReplyDelete