SP SETIA BHD
KLSE (MYR): SPSETIA (8664)
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Last Price
1.47
Today's Change
-0.04 (2.65%)
Day's Change
1.45 - 1.51
Trading Volume
13,190,900
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
5 people like this. Showing 50 of 5,107 comments
KUALA LUMPUR (April 26): S P Setia Bhd will launch Casaville, which comprises 38 single-storey bungalows, in its Setia EcoHill township in Semenyih at end-April.
With a gross development value (GDV) of RM50 million, the homes measure 52ft by 90ft each, with built-ups from 1,994 to 2,074 sq ft, and a three-bedroom, three-bathroom layouts. The selling price starts from RM1.376 million. It is slated for completion in the second quarter of 2026.https://theedgemalaysia.com/node/709554
1 month ago
Maybank's 12 stocks to ride impending Johor-Singapore SEZ.
Developer SP setia,with 960 acres of land in JB alone,is on track to double its earnings this current FY2024 from prospective land sales.According to Maybank,SP Setia is enjoying higher prices as news flow on prospects of SEZ gathers pace and is poised to unlock gains of more than RM320 million.In addition,SP Setia is said to be in " advanced negotiations " with potential JV partners foe 16 acres of commercial land in Setia Alam and 307 acres of industrial land in Tanjung Kupang,filling up the pipeline for further land sales down the road.The Company is exploring a REIT to unlock value and lower gearing." This could serve as a vehicle to inject the group's mature assets in the future enabling capital recycling. We believe this could be a positive catalyst in the medium term," says Maybank,which has a "buy" call and RM1.66 target price.
1 month ago
Looks like my prediction was right 😎
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TrendSculptor
Sp setia will break Rm1.50 next week
4 days ago
1 month ago
RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line
https://theedgemalaysia.com/node/710552
1 month ago
Another 114m conversion! When this going to end. Any idea who is this party? Hope no major selling after this.
1 month ago
SP Setia waiting for payment amounts to rm 620 million from 2 land disposals within Q2 reporting period.
We expect price will continue to move upwards.
1. On 19 June 2023, the Company’s indirect wholly-owned subsidiary, Petaling Garden Sdn Bhd
entered into three (3) inter-conditional sale and purchase agreements (“SPAs”) with the following
three (3) wholly-owned subsidiaries of Mah Sing Group Berhad to dispose of approximately 500
acres of freehold land situated in Mukim Beranang, Daerah Ulu Langat, Selangor for a sale
consideration of RM392,040,000.00:
The conditions precedent of the SPAs were met on 21st March 2024, but the legal completion of the
SPAs is pending full settlement of the sale consideration. The estimated timeframe for the legal
completion is by the 2nd quarter of 2024.
2. On 23 November 2023, the Company announced that Bandar Setia Alam Sdn Bhd (“BSA”), its direct
wholly-owned subsidiary, entered into a conditional sale and purchase agreement (“SPA”) with KSL
Bestari Sdn Bhd (“KSL Bestari”) to dispose of approximately 17.99 acres of freehold land in Mukim
of Bukit Raja, District of Petaling, Selangor for a cash consideration of RM228,800,000.00.
The conditions precedent of the SPAs were met on 18th April 2024, but the legal completion of the
SPA is pending full settlement of the sale consideration.
4 weeks ago
Suddenly all IBs gave buy call on SP Setia. I am more interested on industrial development at Setia Alaman (399 acres), next to Klang Sentral in the Klang Valley. Industrial land is now selling at rm 140 - 160 psf (or rm 6.5 million per acre). Also striking my mind is industrial development of 307 acres in Tanjung Kupang, beside 2nd Link Johor Baru. It should be sell at around rm 150 psf or rm 6.5 million per acre.
My Kampong Champion is now elevated to District Champion before promoted to State Champion very soon.
3 weeks ago
S P Setia partners Ant Digital Technologies and JaGaSolution to launch smart community app
https://theedgemalaysia.com/node/713641
2 weeks ago
looking kind of interesting ...
but not for short term players, I guess
quite likely not really their cup of tea
2 weeks ago
UEM Sunrise to sell Johor land for RM144.9m to data centre company
https://theedgemalaysia.com/node/715020 (Share from StockHunter)
Every major property developer is selling land to build Data Centres with hefty profit. When is SP Setia going to sell one?
5 days ago
wow, Syed Mokhtar's firm is buying S P Setia's Tebrau land for RM564 mil cash
5 days ago
Summary of recent spsetia activity:
1) Staff MSS & VSS
2) Sell Land
3) Prepare REIT IPO
4 days ago
S P Setia land disposal is at fair price, helps to lower group’s net debt
https://www.thestar.com.my/business/business-news/2024/06/13/s-p-setia-land-disposal-is-at-fair-price-helps-to-lower-groups-net-debt
2 days ago
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