Stock Name: SPSETIA
Company Name: SP SETIA BHD
SP Setia; Hold; RM3.89
Price Target: RM4.50; SPSB MK
Results in line, earnings visibility underpinned by record unbilled sales and strong launch pipeline. Further landbanking supported by net cash & PNB-backing, potential placement to address public spread post- MGO. Maintain Hold and RM4.50 TP.
Source: HwangDBS Research 23 March 2012
Company Name: SP SETIA BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 4.50 |
SP Setia; Hold; RM3.89
Price Target: RM4.50; SPSB MK
Results in line, earnings visibility underpinned by record unbilled sales and strong launch pipeline. Further landbanking supported by net cash & PNB-backing, potential placement to address public spread post- MGO. Maintain Hold and RM4.50 TP.
Source: HwangDBS Research 23 March 2012
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