Bursa Malaysia Stock Watch
SP Setia rises on earning estimates increase
kltrader
Publish date: Thu, 09 Dec 2010, 12:17 PM
kltrader
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SP Setia Bhd, Malaysia's biggest property developer, rose to its highest level in more than three years after Citigroup Inc increased its fiscal 2010 earnings estimate by 25 per cent to reflect land-sale gains.
The stock climbed 4.5 per cent to RM5.60 at 10:44 a.m. in Kuala Lumpur trading, set for its highest close since October 9, 2007. Earnings for the fourth quarter ended October 31 due this month will beat consensus estimates, Penny Yaw, an analyst at Citigroup, said in a report dated yesterday. -- Bloomberg
The stock climbed 4.5 per cent to RM5.60 at 10:44 a.m. in Kuala Lumpur trading, set for its highest close since October 9, 2007. Earnings for the fourth quarter ended October 31 due this month will beat consensus estimates, Penny Yaw, an analyst at Citigroup, said in a report dated yesterday. -- Bloomberg
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