Bursa Malaysia Stock Watch

SPSETIA - RHB raises SP Setia's fair value

kltrader
Publish date: Wed, 05 Jan 2011, 12:36 PM
kltrader
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Following Message 
Stock Name: SPSETIA
Company Name: SP SETIA BHD
Research House: RHB


 
 SP Setia Bhd, a Malaysian property developer, climbed to a record after RHB Research Institute Sdn Bhd raised the stock's fair value to reflect a higher market value for its development landbank.

The stock climbed 1.3 per cent to RM6.38 at 9:53 a.m. in Kuala Lumpur trading, set to close at an all-time high. 

The fair value for SP Setia was increased to RM6.95 from RM6.50, RHB said in a report today. -- Bloomberg
 
 
 
 
   
 
     
 
   
 
 
    
   
               
 
 
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