Bursa Malaysia Stock Watch

SPSETIA - Keeping the faith

kltrader
Publish date: Fri, 09 Mar 2012, 10:36 AM
kltrader
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SP Setia; Hold; RM3.93
Price Target: RM4.50; SPSB MK

Improved visibility on management continuity, targeting strong sales and landbank growth. PNB backing could enhance bids for government land and large overseas projects. Maintain Hold and RM4.50 TP (10% discount to RNAV).

Source: HwangDBS Research 9 March 2012
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Be the first to like this. Showing 2 of 2 comments

Jake

Can it go forward from Rm3.95 level???

2012-03-09 12:14

lotsofmoney

Of course. This is part of the goverment now, like Sime Darby - can do anything from Bakun Dam to Private Hospital besides rubber and palm oil.

2012-03-09 16:57

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