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1 month ago | Report Abuse
Good investment for long term. NTA RM2.78 per share.
1 month ago | Report Abuse
Potentially stabilizing and rebound after the cessation of selling activity by Sub. S-hdr Amanahraya
2 months ago | Report Abuse
*Market Sentiment & External Factors*
- *Property Sector Outlook*: The broader property market in Malaysia is experiencing a recovery, though it remains vulnerable to interest rate changes, economic growth, and market sentiment. The ongoing development projects like Setia Federal Hill could boost S P Setia’s earnings and market position.
- *Interest Rates*: Global interest rates, particularly from the U.S. Federal Reserve, could affect investor sentiment and funding costs. A rate cut, if it occurs, could benefit property stocks like S P Setia, potentially driving up prices.
2 months ago | Report Abuse
*Fundamental Strength*
- *Solid Land Bank*: S P Setia holds a vast land bank of approximately 7,300 acres, giving the company significant long-term growth potential. Its large development projects across key regions in Malaysia and internationally provide a foundation for future revenue growth.
- *Earnings Visibility*: With unbilled sales standing at RM4.16 billion as of mid-2024, S P Setia has a solid revenue pipeline that could support its financial performance.
- *Debt Reduction*: The company has been actively reducing its debt, lowering its gearing ratio, which strengthens its balance sheet and reduces financial risk.
2 months ago | Report Abuse
To determine a good price range for buying S P Setia shares, here are several factors to consider:
1. Recent Price Movements
- *Current Price: As of September 2024, S P Setia's stock is trading around **RM1.10 to RM1.25*. The stock has been showing resistance at around RM1.25, and there's strong support near RM1.10.
- *Short-Term Volatility: The stock has seen some price volatility recently due to legal issues and market sentiment but is slowly stabilizing. Buying closer to **RM1.10* or lower would give you a discount relative to the stock’s potential upside if market conditions improve.
2. Valuation Relative to NTA
- The company's Net Tangible Assets (NTA) per share is *RM2.78*, which suggests that the stock is trading well below its asset value. Buying the stock near its current price would provide a significant margin of safety.
- If you’re a long-term value investor, purchasing in the *RM1.10 to RM1.20* range offers a substantial discount to its NTA, indicating a potential upside if the stock rebounds.
3. Analyst Target Prices
- Analysts' target prices for S P Setia range from *RM1.35 to RM1.90, with some optimistic scenarios targeting even higher prices based on project success and broader market. Therefore, buying closer to the current price of **RM1.10 to RM1.20* would give you a favorable entry point, with the potential to see gains as the stock approaches these target levels.
4. Technical Support Levels
- *Support and Resistance: Technical analysis shows that S P Setia has strong support around **RM1.10* and resistance near *RM1.25*. If the stock holds at these support levels, it might be a good opportunity to enter.
- If you can buy closer to *RM1.10*, that would be considered an optimal entry point as it’s near strong support, and you would have more upside potential if the stock rallies.
Conclusion:
- A good price range to buy S P Setia shares would be between *RM1.10 and RM1.20. This range offers a favorable entry, balancing near-term volatility with long-term value potential. However, if the stock dips below **RM1.10*, it could represent an even better opportunity depending on broader market conditions.
2024-06-05 10:49 | Report Abuse
What is the other operating income amounting to RM59,306,000.00 in the latest QR? Magical figure???
2024-05-29 15:33 | Report Abuse
😂🤣😅
@Apple2353
Market merah dia turun
market hijau dia pun turun
2024-05-24 16:10 | Report Abuse
Becareful. Pump n dump by operator
2024-05-24 09:25 | Report Abuse
Consecutively lose for 16 Quarters😅😅😅
2024-02-27 16:45 | Report Abuse
Buy and hold. Wait and See. Be patient and hope for the best. Please do not buy if cant hold
2024-01-09 10:51 | Report Abuse
MZM2511 Why u keep repeating same comment???
2019-04-15 17:01 | Report Abuse
ECRL already announced but price still drop. Sell
2019-03-26 17:32 | Report Abuse
beachboy U r right. Do your own study. Trade at your own risk
2019-03-22 21:46 | Report Abuse
Apuh drop below 1.00. Btw acquire some today
2019-03-22 20:31 | Report Abuse
SaveMsiaFromPHGov Why u so confident that will up 28 cent per day?
2019-03-22 20:27 | Report Abuse
Crash123456buil OMG KYY target is 2020
2019-03-22 20:14 | Report Abuse
KYY TP3 still far away. All promoters r disappear when the price is drop
2019-03-22 20:05 | Report Abuse
I also notice pang72 disappear ki lol
2019-03-21 14:58 | Report Abuse
Why director CHEONG CHIA CHOU disposed so much of his share???
2019-03-19 20:50 | Report Abuse
Q at 1.00 unfortunately cant match it
2019-03-19 16:12 | Report Abuse
CAHYA MATA SARAWAK BHD buyback 65,000 shares from 3.370 to 3.390 on 18-Mar-2019
2019-03-15 10:36 | Report Abuse
TP 0.60
Hope today close above 0.50
2019-03-13 12:37 | Report Abuse
Dont worry. Sarawak Coastal & second trunk road project will strengthen CMSB
2019-03-13 11:14 | Report Abuse
PERDANA is more powerfull now
2019-03-12 15:02 | Report Abuse
Why no contract amount in the news?
Stock: [SPSETIA]: SP SETIA BHD
2 weeks ago | Report Abuse
Striving to TP1 RM1.80
TP2 RM2.30
TP3 RM3.00