Bursa Malaysia Stock Watch

SPSETIA - On track for growth

kltrader
Publish date: Fri, 23 Mar 2012, 10:07 AM
kltrader
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SP Setia; Hold; RM3.89
Price Target: RM4.50; SPSB MK

Results in line, earnings visibility underpinned by record unbilled sales and strong launch pipeline. Further landbanking supported by net cash & PNB-backing, potential placement to address public spread post- MGO. Maintain Hold and RM4.50 TP.

Source: HwangDBS Research 23 March 2012
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