Posted by unorthodox > 2019-11-13 20:00 | Report Abuse

Yes, good investment strategy! Hope against hope! Hehehe


Ncm88 Who cares about pe or whatever shit. Rock bottom price as killed many long term investors, time for a bull run gogogo . I bet 99% i3 forumners got no spsetia
13/11/2019 7:37 PM

Posted by Ncm88 > 2019-11-13 20:04 | Report Abuse

Hahah diam diam lo u . Been buying since 1.2

Posted by why_no_dividend > 2019-11-13 20:47 | Report Abuse

No dividend in 2019? Wait <RM 1 safer.

Posted by Eric Pang > 2019-11-14 06:52 | Report Abuse

中美贸易谈判进展未明，加上香港局势恶化，冲击投资情绪，区域股市全面滑落，其中香港股市恒生指数重挫2.02%、上海股市综指跌0.33%以及东京日经指数跌0.85%。

市场静待本周五的大马第三季经济成长数据出炉，马币微跌至4.1500，昨日为4.1410。

Posted by Tze Xin Tze Yiu > 2019-11-14 08:28 | Report Abuse

Why no dividen?

Posted by Ncm88 > 2019-11-14 11:17 | Report Abuse

Lol good to take profit soon fly higher hahah

Posted by Panic King > 2019-11-14 11:41 | Report Abuse

the MSCI downgrade news last week spoil the party a little.... if not might be past 1.6x by tomorrow

Posted by Vulture123 > 2019-11-14 12:26 | Report Abuse

Time to take profit since no dividend declared despite profitable QR announced yesterday.

Posted by Vulture123 > 2019-11-14 12:53 | Report Abuse

Previous low level of 1.20 was an exceptional Value For Money opportunity. However, based on recent QR with no dividend declared and current share price of > 1.40, the risk premium is much higher and warrant profit taking for risk aversion. There will always be better opportunities based on “bottom fishing” investment strategy for other dividend paying and fundamental counters. In addition, PE nearing 28 based on current QR and share price.

Posted by memorylane > 2019-11-14 14:14 | Report Abuse

the PE is near 28 is because for the past 12 months, most profit is only recognized by local project. all the SPSetia foreign project, specially the big value UK BSP project, also the singapore and australia one, the profit will only recognized when the construction completed. thats is the reason the projected core earning growth for 2020 and 2021 is high, because SPSetia will started recognized the foreign earning by then. EPF and KWAP know this and they started to accumulate slowly...

Posted by kelvin17 > 2019-11-14 14:14 | Report Abuse

2 to 3 rm share now selling 1,41 still very cheap , just accumulate and keep you will be rewarded , as you enter you already make , watch n see

Posted by memorylane > 2019-11-14 14:17 | Report Abuse

if you read the quarter report, the profit is increase a lot last quarter, but EPS still low last quarter, it is due to the iRCPS dividend payment incurred last quarter... this expense is not happening next quarter...

Posted by Vulture123 > 2019-11-14 14:30 | Report Abuse

@ memorylane That is even more worrying since Phase 2 of Battersea Park Project not even completed and we are already near end 2019 despite the previously announced booking take up rate of 90% way back in 2013. Has there been cost overrun and project delay due to the uncertainties with regard to Brexit that can lead to sales booking cancellations or compensation ?

Posted by kelvin17 > 2019-11-14 14:48 | Report Abuse

RHB research upgrade Spsetia to buy from neutral Tp 1.68

Posted by Vulture123 > 2019-11-14 15:07 | Report Abuse

I was hoping to see dividend declaration & recognition of Battersea Park Phase 2 completion in QR3 but left disappointed despite being absolutely bullish on the stock when it was trading ~ 1.18-1.23 range last month. In any case, I hope that it will hit higher target prices for the sake of other “Ikan Bilis” that bought/stucked at higher prices.

Posted by kaleemtheman > 2019-11-14 15:07 | Report Abuse

SP SETIA Bhd’s net profit jumped 67.1% year-on-year (YoY) to RM108.93 million in the third quarter ended Sept 30, 2019 (3Q19), from RM65.19 million a year ago, contributed by a RM37.8 million foreign-exchange (forex) gain.

Posted by memorylane > 2019-11-14 15:17 | Report Abuse

BSP phase two commercial unit transaction is already secured and is sold to EPF, the profit will be recognize end of 2020 to 2021. just need to wait for the construction completion.

Posted by memorylane > 2019-11-14 15:23 | Report Abuse

if you are short term trader, u bought at 1.20, good price to sell now... if you are long term holder seeing the core earning growth for next two years and willing to wait for two years, this is a good time to accumulate. With new budget 2021 in place next year, the property stock will slowly recover + incoming revenue recognized from foreign project completion.... this will not happen in few days and few months....if you see the value then hold and wait, if you just want to goreng the difference from last month price, now is good price to sell if u bought at 1.20....

Posted by memorylane > 2019-11-14 15:26 | Report Abuse

read this kenanga analysis -- > 1 year core income growth 27.2% -> (Page 13), compare with other developer. https://kenanga.com.my/wp-content/uploads/2019/10/Property-191003-4Q19-Strategy.pdf

Posted by Vulture123 > 2019-11-14 15:32 | Report Abuse

Yes, I am fully aware of that as it is lucky that EPF/PNB, being the 60% JV Shareholders bought out SP Setia 20% stake for the Phase 2 commercial units due to the substantial investment cost involved based on previous news flow. I am referring to the residential units for Phase 2 & 3.

Posted by gggSTOCK > 2019-11-14 16:36 | Report Abuse

Tp 1.00. alot of units cant sold

Posted by Panorama1 > 2019-11-15 09:20 | Report Abuse

LoL ! All the three companies (SP Setia, ABMB & SimeProp) that got kicked out of MSCI Global Index ... their share prices spiking up :-)

Posted by wilsonchan87 > 2019-11-15 09:42 | Report Abuse

normally foreign fund will try push up price before they switch fund to sell, then press again the price to lower to buy lowest. need really beware.

Posted by Eric Pang > 2019-11-15 09:43 | Report Abuse

中美贸易谈判或陷僵局·​美股涨跌不一或陷僵局·​美股涨跌不一

（纽约15日讯）美中谈判或陷僵局，英国《金融时报》报道称中美可能难以敲定第一阶段贸易协议，中国正在想方设法延迟休战，降低了在未来几天达成最终协议的机会。纽约股市三大股指14日涨跌不一。

Posted by Panorama1 > 2019-11-15 10:44 | Report Abuse

Equities risk premium still way too high due to the protracted US-China trade war that remains deadlocked. Agreed that we, Ikan Bilis, should take profit, whenever possible.

Posted by Panorama1 > 2019-11-15 13:41 | Report Abuse

Immediate term outlook remains unexciting. Daintree Residences (launched last year) in Singapore take up rate remains very weak at below 20%, which does not augurs well for a property project as penalties for unsold units upon TOP (CF) high based on property rules in Singapore & Brexit risks and impact on BSP, UK Phases 2 & 3.

Posted by MK76 > 2019-11-18 08:32 | Report Abuse

Thx for the info all sifu. Jadi, boleh beli kat 1.30 nampaknya.

Posted by wilsonchan87 > 2019-11-21 23:29 | Report Abuse

MSCI will remove SP Setia from MSCI Malaysia index by next week 26/11/2019.A lot of related ETF fund will follow it too. need to beware

Posted by Panorama1 > 2019-11-22 10:17 | Report Abuse

As highlighted earlier, it was a window of opportunity for Ikan Bilis to take profit at > 1.40 level. The stock can trend higher but certainly not at the immediate period and high possibility that there will be ample opportunities to re-enter at much lower and less risky level as no dividend declared in the latest QR. In addition, low take up rate and late/delayed completion for their overseas property projects.

Posted by kelvin17 > 2019-11-22 16:03 | Report Abuse

good time to collect now year end window dressing is on the way . dont forgo this opportunity as you enter you already make with such pricing where to find

Posted by jwyap > 2019-11-22 17:07 | Report Abuse

fall down and without support, best company become bad when changed hand

Posted by Alan Lobster > 2019-11-22 19:32 | Report Abuse

Huge selldown continue next week ....cabinet reshuffling impact and trade wars

Posted by Alan Lobster > 2019-11-22 19:34 | Report Abuse

Don't trust the surge in Malaysia property stocks, analysts say

Soft property market to continue weighing on local property ...

Posted by RainT > 2019-11-23 11:00 | Report Abuse

since PH come into power until now

they have done nothing that bring good impact to KLSE

Posted by RainT > 2019-11-23 11:02 | Report Abuse

Not only SPSETIA share price drop

most all property companies share price in KLSE also drop la

this is sector weakneses not individual company itself

Posted by RainT > 2019-11-23 11:18 | Report Abuse

wow

all the government funds hold up to 92.91% of SPSETIA shares

so the share price os control by them

low free float

Posted by lilychan > 2019-11-25 08:08 | Report Abuse

11.12 billion debt

Posted by MK76 > 2019-11-25 21:47 | Report Abuse

Wah. Turun kao kao.

Posted by kelvin17 > 2019-11-26 11:20 | Report Abuse

up ! up ! dont miss the boat this time , KWAP collecting and they also need to show result if you follow them difficult to make silly mistake

Posted by RainT > 2019-11-26 13:03 | Report Abuse

dont follow fund buy sell transaction

do your own research

Posted by memorylane > 2019-11-26 13:44 | Report Abuse

the higher gearing /debt is due to acquisition of I&P in 2017... the acquisition is due to I&P land bank, and it proximity to SPSetia current land/township...

Posted by memorylane > 2019-11-26 13:46 | Report Abuse

Everyone only see the 11 billion debt.... but ignoring the fact: Unbilled Sales of RM10.67 billion is Supported by 9,381 acres of Remaining Land Banks and RM144.52 billion of Remaining GDV as at 30 June 2019.... Page 60: https://www.spsetia.com/getattachment/f8d5ed7a-9fe8-4f13-b7e5-e2c553bc69f5/2019

Posted by memorylane > 2019-11-26 13:49 | Report Abuse

the management is already working with the strategy to dispose off non-strategic land from their huge landbank (accumulated from I&P acquisition)... this is definitely lowering down the net gearing/debt in near future... Page 18: https://www.spsetia.com/getattachment/f8d5ed7a-9fe8-4f13-b7e5-e2c553bc69f5/2019

Posted by Artane > 2019-11-26 17:14 | Report Abuse

Tomorrow is the day, big volume of cross trade happen,this undervalued stock will push higher hold it for 1 month, it worths to invest in this bluechip counter

Posted by newbie0718 > 2019-11-26 17:14 | Report Abuse

Short sellers ate all are 1.27.....huge volume

Posted by kelvin17 > 2019-11-26 19:45 | Report Abuse

how come suddently vol so big , if short sellers ate all at 1.27 who have so much shares to throw to them at such a low price ??? not quite right

Posted by KassimBaba7 > 2019-11-26 23:28 | Report Abuse

Big sharks going to the market. EPF aggressively collecting - maybe bijan trying to run with jho low shares :D

Posted by Daily9 > 2019-11-27 04:16 | Report Abuse

EPF sell more?

Posted by Daily9 > 2019-11-27 04:16 | Report Abuse

26-Nov-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 880,900 shares on 21-Nov-2019.

Posted by david123 > 2019-11-27 07:33 | Report Abuse

artane, agree with you.