Posted by ABSBOSS > 2020-11-15 22:41 | Report Abuse

Agreed

Posted by klsebursamalaysia > 2020-11-15 23:33 | Report Abuse

Who can confirm will not have another 'huge one time loss impairment' next quarter? Look at MBSB, already made 2 times huge impairment loss this year. Worse is the CMCO implemented recently and 2nd locked down in London definitely will impact the profits, that's why EPF is running away at loss.

Posted by Keyman188 > 2020-11-15 23:40 | Report Abuse

Keyman188 fall at insomnia this few days......

The reason behind because unable to secure more & more shareholding due to bursa Malaysia & global stock markets still spiking higher & higher......

Kekeke...kekeke...

Posted by ABSBOSS > 2020-11-16 10:25 | Report Abuse

wah 50 cents already

Posted by Fundamentalist91 > 2020-11-16 11:15 | Report Abuse

It is not wise to follow every EPF step, they buy gloves stock at the peak, and they panic sell many stocks at the bottom, if you were to follow them you will be losing money more than you gain.

Posted by yeochingu > 2020-11-16 12:18 | Report Abuse

Wow ¡ property balik?

Posted by Yu_and_Mee > 2020-11-16 13:24 | Report Abuse

0.30 ALL IN

Posted by yeochingu > 2020-11-16 15:25 | Report Abuse

you go wrong counter is it?
0.30 is your dream price?

Posted by ABSBOSS > 2020-11-16 21:34 | Report Abuse

80 cents coming

Posted by PanjiAlam55 > 2020-11-16 21:40 | Report Abuse

Properties and Conscrution stock today still weak and slow on the market..just keep till Covid-19 ended, if people's still hv money to buy properties lorr...

Posted by ABSBOSS > 2020-11-17 12:04 | Report Abuse

80 cents coming

Posted by yeochingu > 2020-11-17 12:17 | Report Abuse

Bottom rebound..Cool trend

Posted by yeochingu > 2020-11-17 12:26 | Report Abuse

Dragonhead leading properry sector

Posted by saidora > 2020-11-17 12:47 | Report Abuse

Wow. My SPSETIA-C33 has doubled from 4 sen to 8 sen in 1 week =)

Posted by 5c0160 > 2020-11-17 17:31 | Report Abuse

Usually 1 day show. Tmr down again?

Posted by ABSBOSS > 2020-11-17 18:59 | Report Abuse

Uptrend after qtr result.....

Posted by RainT > 2020-11-19 16:22 | Report Abuse

Now 80 sen is most IB target price

So now is fair value already?

Posted by ABSBOSS > 2020-11-19 19:27 | Report Abuse

90 sen waiting lor

Posted by Harvey Specter > 2020-11-20 11:34 | Report Abuse

anyone have any indication what is the new support price?

Posted by tth99 > 2020-11-20 20:13 | Report Abuse

Maybank Investment Bank Research is maintaining its earnings forecast and RM1.29 target price for SP Setia Bhd with a Buy call.

KUALA LUMPUR: Maybank Investment Bank Research is maintaining its earnings forecast and RM1.29 target price for SP Setia Bhd with a Buy call.

The research house said on Friday three key takeaways from its conference call with SP Setia were: 1) the consortium (SPSB-SDPR-EPF) of Battersea Power Station (BPS) has done all the necessary provisions for the unsold units at BPS’ phase 2 and 3A;

2) SP Setia is focusing on clearing its inventories. Non-strategic land sales however seem unlikely to materialise in 2020; and

3) potential interest cost saving as management is reviewing its capital structure.

Maybank Research said the post 3Q20 results conference call centered mostly on its BPS project in London.

In view of the uncertainties arise from the lockdown in UK and economic condition post-Brexit, the consortium took a prudent measure by lowering its selling prices for the unsold units at BPS’s phases 2 and 3A. This has led to an impairment losses of RM336mil in the 3Q20 results.

“We were told that the assessment on product salability at BPS was made in the worst-case scenario and hence, management does not expect further impairments in the coming quarters.

“Elsewhere, management hinted that there could be further delays in completing the phase 2 and 3A, ” it said.

SP Setia intends to lower its debt level (0.76 times net gearing as at 3Q20 including RCPS) via the clearance of completed inventories worth RM1.1bil in cost and also the sale of non-strategic land bank.

About RM1.8bil worth of non-strategic landbank have been identified for sale but the land sales may not materialise in 2020 due to the disruptions from various movement control order (MCO) phases.

Elsewhere, SP Setia is reviewing its capital structure to leverage on the current low interest rate environment.

“Management has indicated that there will be no more impairment losses in the 4Q20. It is maintaining its FY20 sales target of RM3.8bil (RM2.9bil in end October 2020; vs. Maybank Research’s RM3.4bil) and focusing on converting the RM1.7bil secured bookings into sales.

“We maintain our earnings forecasts. Our RNAV is unchanged at RM4.05, ” it said.

https://www.klsescreener.com/v2/news/view/755887

Posted by drago_7 > 2020-11-23 10:05 | Report Abuse

Good news..

Posted by Gloveslayer5566 > 2020-11-27 15:35 | Report Abuse

all in or allin?

Posted by Keyman188 > 2020-11-27 15:39 | Report Abuse

Aiyo...sudah lambat lorrr...

Keyman188 average cost only 0.680...kekeke...kekeke...

Posted by ahmedahmed > 2020-12-01 10:59 | Report Abuse

sell

Posted by Dontbullshit > 2020-12-01 11:59 | Report Abuse

Company profit is recovering. Buy Buy Buy

Posted by tcperng22 > 2020-12-02 01:24 | Report Abuse

Sellers huge number in queue, every 0.05 is resistance...

Posted by 20202023 > 2020-12-02 14:43 | Report Abuse

Cup & handle in the making.

Posted by fishchu > 2020-12-03 22:23 | Report Abuse

Only seven companies were loss-making in 3Q20. The seven companies are in sectors that were worst hit by the pandemic, namely AirAsia Group Bhd, Genting Malaysia Bhd, Malaysia Airports Holdings Bhd and Genting Bhd as well as three companies that are property and construction-related — Sime Darby Property Bhd, S P Setia Bhd and Gamuda Bhd.
While these seven counters have all seen poorer performance on a year-on-year basis, three companies — AirAsia, Genting and Genting Malaysia — reported narrower net losses against their respective immediate preceding quarter (2Q20).

Posted by GorengHealthcare > 2020-12-04 09:22 | Report Abuse

ride first talk later

Posted by Thinkcarefully > 2020-12-04 15:02 | Report Abuse

Another Mahsing. Maybe also going into gloves.

Posted by salarynotenough > 2020-12-04 15:54 | Report Abuse

dont think spsetia will go to gloves although TG HQ is beside Setia HQ....
but one thing for sure is property market pick up. With HSR annoucement soon, SP Setia + I&P land in JB and klang valley will benefit from it.....
easily can go back to pre-covid price of RM 1+++

Posted by Keyman188 > 2020-12-04 17:55 | Report Abuse

Miracle...miracle...

Strong on recovery road...

Don't forget HOC for stamp duty waiver extended until 2025...

Posted by Keyman188 > 2020-12-04 18:01 | Report Abuse

Revenue (sale) +226% (QoQ)...+16% (YoY)...

Don't forget to review sale volume for property sector...

During pandemic period, can produce this kind of result, what can you expect !!!...


Miracle...Miracle...

Posted by stainlyho37 > 2020-12-08 14:29 | Report Abuse

just watch out....accumulation still on...i see today close @0.95....

Posted by GorengHealthcare > 2020-12-08 15:42 | Report Abuse

not bad; gaining momentum to pierce through RM1..

Posted by 20202023 > 2020-12-10 12:39 | Report Abuse

Confirmed it is cup & handle pattern!

Posted by 5c0160 > 2020-12-12 11:08 | Report Abuse

Hopeless counter cnt break 098. Most probably game over.

Posted by apokjak > 2020-12-13 17:14 | Report Abuse

This week confirm can break Rm1.......

Posted by Investorrr > 2020-12-13 22:22 | Report Abuse

yes it could break rm1..forming handle pattern to break up with gap up above soon with big volume

Posted by Keyman188 > 2020-12-13 22:27 | Report Abuse

Aiya...no need border can break 1.00 or not...

Keyman188 no plan to sell unless can reach above 2.80 then reconsider to sell all lorrr...

Posted by 10xGoreng > 2020-12-14 06:42 | Report Abuse

Rumours sp got hsr project. Going to announce next week. Buy before too late!

Posted by drago_7 > 2020-12-14 09:53 | Report Abuse

Will break RM1 this week

Posted by DestinyL > 2020-12-14 11:08 | Report Abuse

Go go go!

Posted by 10xGoreng > 2020-12-14 12:53 | Report Abuse

Breaking rm1 today. Seems rumour is true

Posted by Investorrr > 2020-12-14 16:15 | Report Abuse

going to break to handle anytime soon by this week

Posted by Ntpboon > 2020-12-14 16:30 | Report Abuse

大马地皮不值钱，拿来贱卖掉吧！

Posted by tcperng22 > 2020-12-14 17:01 | Report Abuse

This coming Saturday SP Setia got new project launch almost 80% sold...https://www.setiafontaines.com/

Posted by apokjak > 2020-12-15 13:49 | Report Abuse

https://klse.i3investor.com/m/blog/AmInvestResearch/2020-12-15-story-h1538219557-Stocks_On_Radar_S_P_Setia_8664.jsp

Posted by GorengHealthcare > 2020-12-15 17:02 | Report Abuse

Finally touched rm1

Posted by CalvinKang > 2020-12-15 20:54 | Report Abuse

tomorrow fly up to the sky