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

MS m@ybe rebound tomorrow up trend rm1.20 ....1.25... ,till April 2021 start production glove tp rm2...
30Nov 2021 can reach tp rm3.00 . Let's see together .. huatt ah..

Don't miss the boat opportunity..
Price this stock 4 ringgit 3 years ago. , Now already discount 80% ... Are you ready to buy in ?.

https://www.klsescreener.com/v2/news/view/743381
Good news coming

外资进驻 续相中马星集团,,星期一股息日最后一天买进或有看头,, 股价或轻易绕过80仙以上。。

（吉隆坡12日讯）中美贸易战促使更多中国企业和商家纷纷将焦点转向东南亚地区，进而让不少投资资金流入大马房产，为我国带来契机。

马星集团（MAHSING，8583，主板产业股）总营运长王振榆指出，大马工业发展迅速，尤其成为外国企业选择投资微芯片等电子产业、高科技及石化产品的生产基地。

他今午在首届中国-东盟线上商贸洽谈会的“中国-东盟房地产投资专场”上致词时，这么说。《南洋商报》是此活动支持媒体。

他指马星集团在28年前上市，现为国内前3名房地产发展商，拥有50个覆盖国内热点地块的项目，凭借39%资产周转率取胜，同时以股息支付率至少40%，获得外国投资者的青睐及注入资金。

王振榆透露，除了开发住宅房产项目，该集团在工业项目的客户主要来自中国、美国和欧洲，许多世界500强的企业也已开始将生产基地转移至大马。

“大马政府推出亲商政策，经商成本也较低，人民会说华巫英三语，国家也栽培很多大学生，所以成为不少世界500强企业选择投资的国家。”

投资回报率4%至7%

他提到，大马房价相对较低，不像中国出现炒房情况，许多中国人也认为大马是宜居的国家。

在房地产领域有25年工作经验的王振榆认为，投资房产选择地点很重要，而大马的房地产投资回报率一般介于4%至7%。

他指冠病疫情导致人们对房屋的需求改变，发展商如今需收集资料和作调整。

Property and construction stock engine will be on next 2 week's .
Let's we see results ...

Ask all investors of you here , if you are boss ages, you not have AP business Or JV with others, you confident to take P.O with Big amount 27.5b ...

别人怕的时候或者说多数人怕的时候就是我贪心的时候。。。

Next month will hit 0.31 above . 消息越来越好 ， 合约 陆续有来 这一两年 ， 财报将会 改善 。现在不进场，下个月 等三毛以上的吧！
就是因为公司财报不美 ，才有这么低的价钱进场， 没有远见的投资者 在股市难赚钱。

Buy when the market is weak. Sell when it’s strong !

Bumi Armada Berhad (“Bumi Armada” or the “Company”) is pleased to announce that its joint venture company, Shapoorji Pallonji Bumi Armada Godavari Private Limited (“SPBAG”) had on 2 May 2019 received a Notification of Award ("NOA") from Oil and Natural Gas Corporation Limited ("ONGC") of India, for the charter hire and operations of one (1) Floating Production, Storage and Offloading Vessel ("FPSO") (the "Contract").



SPBAG is a 30:70 joint venture between Bumi Armada and Shapoorji Pallonji Oil & Gas Private Limited of India. ONGC is India's state owned oil company listed on the Bombay Stock Exchange and the National Stock Exchange of India Ltd.



DETAILS OF THE CONTRACT



The Contract is for a fixed period of nine (9) years, valued at approximately USD2.1 billion (equivalent to approximately RM8.8 billion). ONGC has an option to extend the Contract for an additional seven (7) years on a yearly basis at an aggregate contract value of approximately USD655 million (equivalent to approximately RM2.7 billion), if all the extension options are exercised.

5210 ARMADA BUMI ARMADA BERHAD
OTHERS - NOTIFICATION OF AWARD
OTHERS
NOTIFICATION OF AWARD FOR THE CHARTER HIRING OF ONE (1) FLOATING PRODUCTION,
STORAGE AND OFFLOADING VESSEL
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

06/05/2019 07:00 AM


Ref Code: 201905063000290

Get new project on hand rm8.8 billion , at India oil , new TP 0.75

New TP to 0.65 next week ..

More news BM come out so tomorrow price hit again to rm1 Or limit up.. ..., target new price 1.35.
Confirm BM project will up go to rm2. ....

Good day Tommorow Will hit again 0.63.....0.645

Tomorrow down 0.52, then fly back 0.56....
Finally go 0.58...........0.60

Tomorrow down to 1.10 , after that will up again to 1.27.......finally 1.33

Tomorrow down 0.48,then go up back 0.54....
Finally 0.555...........0.58

Tomorrow down to 0.67,then fly to 0.76... Finally shoot to 0.80...

Good news Tomorrow will go up to 0.83 CTS..

Let we see the result together...

Within 2 weeks this stock maybe reach 1.10

Today will turn fluch to 0.63cts

If Monday up to 0.77, good news coming for the revived projects..

Should be achieved. Ha ha ha..

Next week target. 90 cent

taRGET NEXT WEEK PRICE GO 3.50