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Overview
Financial Highlight
HeadlinesBusiness Background S P Setia Bhd is a general real estate company that reports in three segments: property development, construction, and other operations. The vast majority of Setia’s revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia’s construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.
  Vulture123 Crisis = Opportunity. Otherwise, how is it possible to buy SP Setia (Top Developer Company in Malaysia) at the 1.18-1.23 range last month. Those who bought in at that range would have already made significant short term gain or even more over the medium to long term. Even those that missed out on the previous low prices & bought in at < 1.30 yesterday should be able to generate good returns over time. “Time & tide wait for no man”. 09/11/2019 5:17 PM  RainT @vulture123 from where you determine SPSETIA is top property developer in Msia? mind to share ? 10/11/2019 7:36 PM kenie cash flow 1.1 billions, HUGE DEBT: short term loan 2.5 billion ,long term loan 8.9 billions , current liabilities 4.79 billions 10/11/2019 11:44 PM Vulture123 High debt of ~ 10b but solidly backed by total assets of 30b. If SP Setia has low debt at present as a property developer, the share price will be easily > 3 :-) SP Setia is certainly attractive at current depressed share price level. 11/11/2019 8:38 AM Vulture123 As I said earlier, Don’t Worry, Be Happy :-) With a strong Ikan Bilis on Board and likelihood of dividend announcement soon, it is certainly Mega Property Sale at current share price of < 1.30. 12/11/2019 11:30 AM Artane Bullish is coming this counter will fly again, keep it next tp 1.45 within this 2 week 12/11/2019 5:38 PM Artane Good quarter result, slightly increase in profit is a good point in this best property in malaysia, the price will rebounce back to rm2 13/11/2019 2:00 PM unorthodox Bad results! EPS is 1.06.for current price of 133. Should fall below 120 in foreseeable future. Overvalued stock! 13/11/2019 2:12 PM RainT for how long u all plan to hold SPSETIA if u invest in it ? the property market sentiment still is bad 13/11/2019 6:29 PM unorthodox Using the latest 4 quarters EPS figures and today's closing price of 135, the P/E ratio is 135/5.06 = 26.7. RainT PE already below 10 still overvalue ?? haha 13/11/2019 4:36 PM 13/11/2019 7:29 PM Ncm88 Who cares about pe or whatever shit. Rock bottom price as killed many long term investors, time for a bull run gogogo . I bet 99% i3 forumners got no spsetia 13/11/2019 7:37 PM unorthodox Yes, good investment strategy! Hope against hope! Hehehe Ncm88 Who cares about pe or whatever shit. Rock bottom price as killed many long term investors, time for a bull run gogogo . I bet 99% i3 forumners got no spsetia 13/11/2019 7:37 PM 13/11/2019 8:00 PM Eric Pang 中美贸易谈判进展未明，加上香港局势恶化，冲击投资情绪，区域股市全面滑落，其中香港股市恒生指数重挫2.02%、上海股市综指跌0.33%以及东京日经指数跌0.85%。 市场静待本周五的大马第三季经济成长数据出炉，马币微跌至4.1500，昨日为4.1410。 14/11/2019 6:52 AM Panic King the MSCI downgrade news last week spoil the party a little.... if not might be past 1.6x by tomorrow 14/11/2019 11:41 AM Vulture123 Time to take profit since no dividend declared despite profitable QR announced yesterday. 14/11/2019 12:26 PM Vulture123 Previous low level of 1.20 was an exceptional Value For Money opportunity. However, based on recent QR with no dividend declared and current share price of > 1.40, the risk premium is much higher and warrant profit taking for risk aversion. There will always be better opportunities based on “bottom fishing” investment strategy for other dividend paying and fundamental counters. In addition, PE nearing 28 based on current QR and share price. 14/11/2019 12:53 PM memorylane the PE is near 28 is because for the past 12 months, most profit is only recognized by local project. all the SPSetia foreign project, specially the big value UK BSP project, also the singapore and australia one, the profit will only recognized when the construction completed. thats is the reason the projected core earning growth for 2020 and 2021 is high, because SPSetia will started recognized the foreign earning by then. EPF and KWAP know this and they started to accumulate slowly... 14/11/2019 2:14 PM kelvin17 2 to 3 rm share now selling 1,41 still very cheap , just accumulate and keep you will be rewarded , as you enter you already make , watch n see 14/11/2019 2:14 PM memorylane if you read the quarter report, the profit is increase a lot last quarter, but EPS still low last quarter, it is due to the iRCPS dividend payment incurred last quarter... this expense is not happening next quarter... 14/11/2019 2:17 PM Vulture123 @ memorylane That is even more worrying since Phase 2 of Battersea Park Project not even completed and we are already near end 2019 despite the previously announced booking take up rate of 90% way back in 2013. Has there been cost overrun and project delay due to the uncertainties with regard to Brexit that can lead to sales booking cancellations or compensation ? 14/11/2019 2:30 PM Vulture123 I was hoping to see dividend declaration & recognition of Battersea Park Phase 2 completion in QR3 but left disappointed despite being absolutely bullish on the stock when it was trading ~ 1.18-1.23 range last month. In any case, I hope that it will hit higher target prices for the sake of other “Ikan Bilis” that bought/stucked at higher prices. 14/11/2019 3:07 PM kaleemtheman SP SETIA Bhd’s net profit jumped 67.1% year-on-year (YoY) to RM108.93 million in the third quarter ended Sept 30, 2019 (3Q19), from RM65.19 million a year ago, contributed by a RM37.8 million foreign-exchange (forex) gain. 14/11/2019 3:07 PM memorylane BSP phase two commercial unit transaction is already secured and is sold to EPF, the profit will be recognize end of 2020 to 2021. just need to wait for the construction completion. 14/11/2019 3:17 PM memorylane if you are short term trader, u bought at 1.20, good price to sell now... if you are long term holder seeing the core earning growth for next two years and willing to wait for two years, this is a good time to accumulate. With new budget 2021 in place next year, the property stock will slowly recover + incoming revenue recognized from foreign project completion.... this will not happen in few days and few months....if you see the value then hold and wait, if you just want to goreng the difference from last month price, now is good price to sell if u bought at 1.20.... 14/11/2019 3:23 PM memorylane read this kenanga analysis -- > 1 year core income growth 27.2% -> (Page 13), compare with other developer. https://kenanga.com.my/wp-content/uploads/2019/10/Property-191003-4Q19-Strategy.pdf 14/11/2019 3:26 PM Vulture123 Yes, I am fully aware of that as it is lucky that EPF/PNB, being the 60% JV Shareholders bought out SP Setia 20% stake for the Phase 2 commercial units due to the substantial investment cost involved based on previous news flow. I am referring to the residential units for Phase 2 & 3. 14/11/2019 3:32 PM Panorama1 LoL ! All the three companies (SP Setia, ABMB & SimeProp) that got kicked out of MSCI Global Index ... their share prices spiking up :-) 15/11/2019 9:20 AM wilsonchan87 normally foreign fund will try push up price before they switch fund to sell, then press again the price to lower to buy lowest. need really beware. 15/11/2019 9:42 AM Eric Pang 中美贸易谈判或陷僵局·美股涨跌不一或陷僵局·美股涨跌不一 （纽约15日讯）美中谈判或陷僵局，英国《金融时报》报道称中美可能难以敲定第一阶段贸易协议，中国正在想方设法延迟休战，降低了在未来几天达成最终协议的机会。纽约股市三大股指14日涨跌不一。 15/11/2019 9:43 AM Panorama1 Equities risk premium still way too high due to the protracted US-China trade war that remains deadlocked. Agreed that we, Ikan Bilis, should take profit, whenever possible. 15/11/2019 10:44 AM Panorama1 Immediate term outlook remains unexciting. Daintree Residences (launched last year) in Singapore take up rate remains very weak at below 20%, which does not augurs well for a property project as penalties for unsold units upon TOP (CF) high based on property rules in Singapore & Brexit risks and impact on BSP, UK Phases 2 & 3. 15/11/2019 1:41 PM  |
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