June 22, 2012

Maybank raises SP Setia target price

Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: MAYBANKPrice Call: BUYTarget Price: 4.10



Maybank Investment raised its target price on SP Setia to RM4.10 (US$1.29) per share from RM4.00 as the property developer was on track to meet its RM4 billion sales target and netted strong profits.

Maybank said in a note that SP Setia's year-to-date locked in sales hit RM2.1 billion in the second half of the financial year. -- Reuters

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