Rica7894SP Setia: --Attractive dividend yield proxy in property sector with 6.0% expected in FY16.--
<Dividend> Declared dividend of 19 sen per share, this should provide short term catalyst for the stock as it represents a significant 5.9% dividend yield. -Full year dividend to 23 sen share, translating to 7% of dividend yield in 14MFY15.
<Strong earnings visibility> SP Setia achieved total property sales of RM4.3bn while unbilled sales stood at RM9.2bn as at end-Dec 2015. This will provide the group with about 2 years’ earnings visibility.
<Focus on affordable housings, landed properties and township developments for resilient future sales and earning.> SP Setia will continue to focus on mid-range affordable products and township development. -About 42% of the upcoming launches are affordable housing (i.e priced below RM300k/unit). -SP Setia’s focus on township development will make it less vulnerable to the weaker sentiment, judging by the strong demand for its recent launches. On top of the on-going townships such as Setia Alam, Setia Eco Park and Setia Ecohill (Semenyih), SP Setia is expected to unveil two new townships in 2016, namely, Setia Eco Templer in Rawang and Setia Ecohill 2 in Beranang. -Concentration in Klang Valley. SP SETIA launches are concentrated in Klang Valley with launches value of RM3.55b (74% of total launch). Within Klang Valley, Setia Alam (GDV of RM839m; 1810 units) will be the biggest contributor (24% of Klang Valley launch and 18% of Group’s total launch).
<Balance sheet> -Strong balance sheet with net gearing at 0.18x. -SP Setia boasts a vast land bank of 3,907 acres (worth RM71bn GDV) which will generate revenue for decades.
ivan9511hi friend ,Femidom , I know Declared dividend of 19 sen per share. however I cannot find the exdated for that , I just enter spt today, do you think I still can enjoy the dividend of 19 sen per share ?