Stock Name: SPSETIA
Company Name: SP SETIA BHD
KUALA LUMPUR: SP Setia Bhd's shares on Bursa Malaysia dipped four sen, or 1.27 per cent, to RM3.11 as at 3.39 pm today despite posting good financial-year result yesterday.
The counter opened at RM3.17 and hovered between RM3.11 and RM3.18 with 3.68 million shares traded.
HwangDBS Vickers Research said the 30 per cent growth target in sales for next financial year was achievable due to the launch of Battersea Phase 1 condominiums, RM4 billion Setia Eco Hills@Semenyih township and other projects.
"We see the RM40 billion gross development value for Battersea as a gamechanger which can potentially double earnings by financial years 2016 and 2017," it said in a note to Bernama.
The research firm has maintained a 'buy' call on SP Setia and with the target price at RM4.10 -- BERNAMA
Company Name: SP SETIA BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 4.10 |
KUALA LUMPUR: SP Setia Bhd's shares on Bursa Malaysia dipped four sen, or 1.27 per cent, to RM3.11 as at 3.39 pm today despite posting good financial-year result yesterday.
The counter opened at RM3.17 and hovered between RM3.11 and RM3.18 with 3.68 million shares traded.
HwangDBS Vickers Research said the 30 per cent growth target in sales for next financial year was achievable due to the launch of Battersea Phase 1 condominiums, RM4 billion Setia Eco Hills@Semenyih township and other projects.
"We see the RM40 billion gross development value for Battersea as a gamechanger which can potentially double earnings by financial years 2016 and 2017," it said in a note to Bernama.
The research firm has maintained a 'buy' call on SP Setia and with the target price at RM4.10 -- BERNAMA
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