KLSE: SPSETIA (8664)       S P SETIA BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.03   -0.02 (1.90%)  1.02 - 1.07  1,844,200
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Market Cap: 4,190 Million
NOSH: 4,068 Million
Avg Volume (4 weeks):2,567,710
4 Weeks Range:1.02 - 1.13
4 Weeks Price Volatility (%):
52 Weeks Range:0.66 - 1.23
52 Weeks Price Volatility (%):
Average Price Target: 1.06
Price Target Upside/Downside: +0.03

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  25-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  13-Aug-2021
T4Q P/E | EY: -15.28  |  -6.55%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 2.9219  |  0.35
T4Q NP Margin | ROE: -5.77%  |  -2.31%


Date Subject
13-Jul-2021 How does MCO affect steel industry? Koon Yew Yin
05-Jul-2021 Property Developers - Weathering Through Tough Times
18-Jun-2021 SP SETIA - Positive Pre-sales Momentum
09-Jun-2021 Property - Decent 1Q21 performance; still a long way to recovery
27-May-2021 S P Setia Berhad - 1QFY21 Broadly Within, Cautious on 3Q
27-May-2021 SP Setia - Expect Minimal Contribution From Battersea
27-May-2021 SP Setia - Higher sales drive profit
27-May-2021 Mplus Market Pulse - 27 May 2021
27-May-2021 SP Setia - Secures RM1.19bn Sales in 1QFY21
11-May-2021 【行家论股/视频】实达集团 售地发展新项目
10-May-2021 PublicInvest Research Headlines - 10 May 2021
10-May-2021 SP Setia Bhd - Selling 960-acre Land for RM518m
10-May-2021 Mplus Market Pulse - 10 May 2021
10-May-2021 S P Setia - Substantive RM518mil Tebrau land sale
10-May-2021 S P Setia Berhad - Land Sale in Johor
05-May-2021 PublicInvest Research Headlines - 5 May 2021
05-May-2021 Mplus Market Pulse - 5 May 2021
19-Apr-2021 料恢复派息 实达今年会更好
19-Apr-2021 实达拥抱数字科技 提升至云端服务
25-Mar-2021 经济重启 低息环境 产业建筑建材料复苏

Business 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.
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  4 people like this.
pang72 Why my setia jadi no setia??

Average down lagi...

18/03/2021 5:29 PM
pang72 Cantekk..
19/03/2021 9:55 AM
Keyman188 No play play...

This round very high possibility heading 1.30 ~ 1.35 level after short period of correction....

19/03/2021 10:05 AM
pang72 Steady.... Man..
20/03/2021 12:48 PM
Keyman188 Keyman188 always learn from professional or experts...



20/03/2021 6:39 PM
Keyman188 Since SP Setia share right now back on recovery track...

Keyman188 already put at fridge to set auto-pilot mode sailing to RM 2.50 upcoming year by year...

Keyman188 will also consistently passive income dividend payout...

Keyman188 very gladness to see more & more veteran, savvy & newbies investors gradually coming back home (SP Setia) after they realised is the great great time to collect the golden eggs...

Keyman188 feel it's the time to focus on others GEM + Diamond counters...


20/03/2021 9:27 PM



20/03/2021 9:36 PM
Keyman188 Keyman188 always learn from professional or experts...


“年均复合增长率”致富关键 (冷眼)






Keyman188 very gladness to share with all members here...

Keyman188 has been using 12 months period of time (since last year Mar'20) managed to organize long term portfolio position what I learned from professional (冷眼先生)

Let using Genting share as an example...

Keyman188 holding cost average about 3.30++...

Keyman188 had received dividend received for the past 12 months (based on ex-date from Apr'20 ~ Mar'21)

12/03/21 - RM 0.085

10/09/20 - RM 0.065

29/06/20 - RM 0.06

Total dividend received = RM 0.210

Dividend yield = 6.26% per share

Furthermore, since Genting part of the recovery stock with strong fundamental & growing company....

Recent share price also gradually on the recovery road...

Capital appreciation of investment also part of the investment return...

Capital appreciation growth = +65% (based on 19/03/21 closing price of RM 5.53)

Why Keyman188 so keen to keep long term position instead of short term Profit !!!........

1) Genting Management never neve stop further expansion for the business growth (even though during virus pandemic, management also taken effectiveness & efficiency measures to sustain company keep running for growth)

2) Asset quality of company no doubt definitely very strong (based the company latest balance sheet)

3) Management still able to reward dividend for all shareholders even though very struggling for the global market (still constantly payout for the past 10 years - no need talk so long period to review)

4) Foresee dividend payout will be gradually increased for the next 10 years if the global economy & market recovery with company expansion on the perpetual growth

5) Cash pile reserve still on track (even though so much noise for bailout at different subsidiary)

6) No matter current ratio, quality of earnings ratio, NAV, cash pile position will further strengthen for upcoming season


Beside Genting share under long term position, Keyman188 also managed to secure right company, such as :-

DLady, Ajinomoto, HLFG, HLCap, Axiata, Padini, SP Setia, IJM, Mynews, etc....

Depending how much stocks you can handle (average long term investors willing to handle 10 ~ 12 stocks, for those willing to take higher risk perhaps can handle 15 ~ 25 stocks)

Keyman188 more prefer diversification into different sectors & segmentations for more "balancing & alignment" approach on the "risk-weighted asset" management...


Is it the right time to start your million dollar dream ???...

Is it the right time to start your long term position instead of short term profit ???....

** The final decision is on your heart now
21/03/2021 10:34 AM
hantamking <<Pang72 >> u go Kpower kacau , oh u at counter ini !!!
24/03/2021 4:28 PM
hantamking <<Pang72>> ur share in hand will drop la
go other counter create panic , come here do hero
24/03/2021 4:31 PM
hantamking dont believe this guy , create panic so good
24/03/2021 4:33 PM
hantamking listen to him will go holland
24/03/2021 4:33 PM
mooninvestor168 what's the story, once annual report released. straight drop.
24/03/2021 5:15 PM
hantamking 《Pang72》 are you sure Hoo9e? U sure steady ?
24/03/2021 6:13 PM
Mirage2000E Hope reach $2 Soon .
30/03/2021 4:26 PM
JohanPertama By June or July should be up following deployment of phase 3 vaccines
31/03/2021 9:54 AM
JohanPertama https://www.theedgemarkets.com/article/developers-turning-more-upbeat-about-property-sector-—-maybank-ib-research

property sector up
05/04/2021 8:53 AM
Keyman188 OMG...What is happening today ???.....

Is it MRT 3 project empowerment effect !!!...........
05/04/2021 4:15 PM
Qwertyuiop Recovery theme - property sector has been the most desperate one. So.. hehe
05/04/2021 7:26 PM
Keyman188 OMG...What is happening today ???.....

Is it MRT 3 project empowerment effect !!!...........

Is it ECRL project empowerment effect !!!...........
06/04/2021 9:54 AM
Keyman188 OMG...finally break 1.20 liao...

Next visit target range 1.38 ~ 1.41 level...

06/04/2021 3:11 PM
Moustache Hold tight, uptrend just start. Nta 2.9. Still damm undervalue.
06/04/2021 9:00 PM
ringlife what happen? day by day going down?
14/04/2021 3:49 PM
drago_7 1. Covid cases rising;

2. Inter-state travel still continues; and

3. Market sentiment.
15/04/2021 4:22 PM
drago_7 Jatuh menjunam...
19/04/2021 4:23 PM
Ninja _07 AGM going on well
22/04/2021 10:58 AM
Ninja _07 Seems like they’re in the right track
22/04/2021 10:58 AM
Keyman188 S P Setia’s projects see good response in 1Q21

(theedgemarkets.com / April 23, 2021 12:48 pm +08)

KUALA LUMPUR (April 23): S P Setia Bhd kick-started the year with positive take-up rates for its residential products in the first quarter of 2021 (1Q21), despite the weak property market sentiment during the pandemic.

Acorus at Setia EcoHill 2 in Semenyih was launched via a special online preview, which saw its two-storey 20ft by 65ft terraced houses fully sold before Chinese New Year. As a result, Acorus 2 was launched in March and achieved a take-up rate of 70% during the first day of its launch.

Moreover, the latest phase of Setia Alam's Bywater Homes collection called Plenum, comprising two-storey 22ft by 70ft terraced homes, was also launched online in mid-March and the units were fully booked within an hour.

“We are elated by the overwhelming response received for Plenum attributed to the Covid-19 pandemic where there is higher realisation and demand for homes in matured townships that are safe and secured, surrounded by a variety of amenities and seamless connectivity infrastructures,” said Bandar Setia Alam divisional general manager Tan Siow Chung in a press release today.

“With Plenum fully taken up, we are focusing on our latest serviced apartment offering, Setia City Residences, located adjacent to Setia City Mall, which recently opened its new wing, making it the largest mall in Shah Alam. Also in the pipeline are the last phases of the Bywater Homes collection targeted to be launched by this year,” added Tan.

Melodia1 in Alam Impian, Shah Alam, which consists of two-storey terraced homes measuring 22ft by 75ft with modern contemporary designs, is 99% taken up since its launch in January this year. Following Melodia1's success, Melodia2 is slated to be launched in 2Q21.

Following its launch in March, Carissa at Bayuemas in Klang, which offers 82 double-storey terraced homes (from 24ft by 70ft), has achieved a take-up rate of 90% within the same month.

Meanwhile, S P Setia's premium-range properties also made noteworthy achievements in attracting homebuyers and investors alike.

With a gross development value (GDV) of RM156 million, Glades of Westlake — a unique modern-oriental concept and the second last island phase of Setia Eco Glades in Cyberjaya — was launched end-March with almost 70% of its double-storey 41ft by 85ft semi-detached homes (priced from RM1.8 million) and 59ft by 85ft bungalows (priced from RM3.1 million) booked within three weeks after the launch.

Divisional general manager Goh Tzen Sernz said the good take-up for the premium offerings was a testament to the faith homebuyers have in the Setia brand and its lifestyle offerings. “We are confident that the demand will continue to rise for such products as more homebuyers are opting for a better living environment, not just to live, but also to work.”

Setia Eco Park's Phase 1B of Precinct Arundina in Shah Alam was launched at the end of March, and its two-storey semidees (from 32ft by 75ft) with prices starting at RM1.3 million are 70% taken up within a month. It has also recently completed the central park, which will form the green lung of the development with natural waterways and greenery to foster a healthy communal lifestyle.

## https://www.theedgemarkets.com/article/s-p-setias-projects-see-good-response-1q21
26/04/2021 8:42 AM
Sharefisher Hmmmmm..... Keyman88.... I also checking this counter now.. .. Haha ha... Wait first... Two days last minute 5000 lots buying... Interesting..
27/04/2021 7:22 PM
Qwertyuiop When the market no one wants property stocks, it is time. :)
05/05/2021 7:19 PM
nisah395 Agreed

Qwertyuiop > When the market no one wants property stocks, it is time. :)
05/05/2021 7:19 PM
07/05/2021 8:15 PM
Keyman188 S P Setia sells Johor land to Scientex for RM518.1m

(theedgemarkets.com / May 07, 2021 18:31 pm +08)

KUALA LUMPUR (May 7): S P Setia Bhd is selling eight parcels of plantation land in Johor to Scientex Bhd for RM518.1 million.

S P Setia said in a bourse filing its wholly-owned subsidiary Pelangi Sdn Bhd had entered into a conditional sale and purchase agreement with Scientex’s wholly-owned subsidiary Scientex Quatari Sdn Bhd for the disposal.

“The approximately 960 acres of freehold land is located in Mukim of Tebrau, district of Johor Bahru and registered for agricultural use. It is currently home to matured oil palm trees,” it said.

According to S P Setia, the sale consideration is arrived at between the parties on a “willing-buyer willing-seller” basis after taking into consideration the market value of the lands of RM480.8 million.

S P Setia’s president and chief executive officer Datuk Khor Chap Jen said the sale of the lands is part of the group’s business strategy to improve efficiency by monetising some of the land bank to be ploughed back into its other project developments for immediate launches as well as paring down debt or other use deemed fit by the company.

“It is expected to contribute positively to S P Setia’s profits for the next few years,” he said.

According to him, S P Setia currently has 11 ongoing projects in the Southern region, and post-sale of the above, the group will still have an effective total remaining land bank of approximately 7,569 acres.

“Our focus for this financial year is to optimise the current landbank utilisation and by launching properties that are in demand within our matured townships,” he said.

In a separate statement, Scientex said the proposed acquisition represents a strategic investment opportunity to increase and boost its existing land bank.

“The close proximity between Scientex’s existing developments and the proposed development will enable Scientex to generate better operational efficiencies through greater economies of scale to be achieved during project implementation,” it said.

It also said the landbank expansion is in line with the goal of Scientex to build more affordable homes with an objective of completing 50,000 affordable homes throughout the nation by 2028.

“The land is expected to provide a steady and sustainable property development model as Scientex continues to focus on affordably priced landed properties, for which demand continues to remain firm and resilient,” it said.

The group also noted the proposed acquisition will be funded by internally generated funds and bank borrowings.

The proposed acquisition is expected to be completed in the first half of 2024, it added.

S P Setia’s share price gained three sen or 2.91% to close at RM1.06 today, valuing the group at RM4.3 billion. Meanwhile, Scientex went up two sen at RM4.13, valuing the group at RM6.4 billion.

## https://www.theedgemarkets.com/article/s-p-setia-sells-johor-land-scientex-rm5181m
07/05/2021 8:21 PM
Keyman188 Management really did the right decision...right planning...

07/05/2021 8:21 PM
Ntpboon 股价烂了卖地皮?
11/05/2021 2:17 PM
Beetles Surprisingly today Setia traded volume quite high and still able to stay flat. Really amazing, it is something brewing ?
11/05/2021 10:21 PM
Beetles Guys, any idea when is coming QR ?
16/05/2021 4:54 PM
drago_7 Sape beli semalam waktu panic-selling untunglah ....
22/05/2021 10:19 AM
YouNeedTrust QR out
25/05/2021 1:11 PM
Ninja _07 https://www.thestar.com.my/business/business-news/2021/05/25/s-p-setia-achieves-rm119bil-sales-in-1q
25/05/2021 7:18 PM
collie here we go!!
08/06/2021 2:50 PM
nasgee yesss...till 1.20
08/06/2021 2:56 PM
Sharefisher Monitoring........ Waiting...
09/06/2021 1:08 PM
Qwertyuiop Any idea on how rising building materials cost impact property developer? Will them pass down the inflated costs to the buyers, causing the property prices too increase soon?
14/06/2021 3:24 PM
nasgee nowww vromm
18/06/2021 11:03 AM
YouNeedTrust why suddenly surge 4 sen on closing?
18/06/2021 5:03 PM
Investorrr 3rd wave up the strongest wave
18/06/2021 5:25 PM
cg14134 Technically ready to shoot UP!
18/06/2021 11:53 PM
apokjak Will reach rm1.20 this week
04/07/2021 11:56 PM
drago_7 You have a crystal ball with you..?
05/07/2021 10:53 AM
Ntpboon --------------------------



唯独大马没动静 ?

05/07/2021 3:33 PM

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