Stock Name: SPSETIA
Company Name: SP SETIA BHD
Stock Name: SPSETIA
Company Name: SP SETIA BHD
Stock Name: SPSETIA
Company Name: SP SETIA BHD
KUALA LUMPUR: OSK Research Sdn Bhd has maintained its
'buy' call on SP Setia Bhd with an unchanged fair value of RM4.82.
It said SP Setia, which recently purchased 404 hectares in Baranang, Ulu Langat, Selangor, intended to develop the land into a mixed residential township project, modelled after the highly-successful Setia Alam project in Shah Alam.
"We are positive on the acquisition and the proposed development as we believe it will enable SP Setia to tap into strong demand for attractively priced homes by first-time owners and other home buyers in the Semenyih-Kajang corridor," OSK said in a research note today.
Kenanga Research said the project duration was expected to take eight years with terraces as the main product.
"The launch is likely to happen in 1.5 to two years time, pending district office approvals and key infrastructures construction," it said in a note.
It said the project was expected to significantly contribute to SP Setia's earnings towards financial years 2013-2014 onwards.
Kenaga said it would maintained the fair value of SP Setia at RM4.73.
AmResearch said SP Setia was its top pick for the sector.
"The company is embarking on an accelerated growth-cycle where a combination of strong pricing trends and value-accretive landbanking should fuel significant net asset value expansion," it said in a note.
AmResearch has reaffirmed its 'buy' call on SP Setia at a fair value of RM5.41. - Bernama
Company Name: SP SETIA BHD
| Research House: OSK | Price Call: BUY | Target Price: 4.82 |
Stock Name: SPSETIA
Company Name: SP SETIA BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 4.73 |
Stock Name: SPSETIA
Company Name: SP SETIA BHD
| Research House: AMMB | Price Call: BUY | Target Price: 5.41 |
KUALA LUMPUR: OSK Research Sdn Bhd has maintained its
'buy' call on SP Setia Bhd with an unchanged fair value of RM4.82.
It said SP Setia, which recently purchased 404 hectares in Baranang, Ulu Langat, Selangor, intended to develop the land into a mixed residential township project, modelled after the highly-successful Setia Alam project in Shah Alam.
"We are positive on the acquisition and the proposed development as we believe it will enable SP Setia to tap into strong demand for attractively priced homes by first-time owners and other home buyers in the Semenyih-Kajang corridor," OSK said in a research note today.
Kenanga Research said the project duration was expected to take eight years with terraces as the main product.
"The launch is likely to happen in 1.5 to two years time, pending district office approvals and key infrastructures construction," it said in a note.
It said the project was expected to significantly contribute to SP Setia's earnings towards financial years 2013-2014 onwards.
Kenaga said it would maintained the fair value of SP Setia at RM4.73.
AmResearch said SP Setia was its top pick for the sector.
"The company is embarking on an accelerated growth-cycle where a combination of strong pricing trends and value-accretive landbanking should fuel significant net asset value expansion," it said in a note.
AmResearch has reaffirmed its 'buy' call on SP Setia at a fair value of RM5.41. - Bernama
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