SP SETIA BHD

KLSE (MYR): SPSETIA (8664)

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Last Price

1.36

Today's Change

-0.01 (0.73%)

Day's Change

1.34 - 1.39

Trading Volume

7,721,200


6 people like this.

5,447 comment(s). Last comment by limit_up 4 days ago

Posted by GlobalEquity > 2024-08-06 13:09 | Report Abuse

Regardless of market directions, skillful players make money in both ways! Well payed!

IdrakUsama

168 posts

Posted by IdrakUsama > 2024-08-06 15:58 | Report Abuse

Siapa tangkap saham ni semalam ? 🤗

Posted by jeffrey1166 > 2024-08-06 17:26 | Report Abuse

i get

Posted by jeffrey1166 > 2024-08-06 17:26 | Report Abuse

firmly reverse tp can see 2.2 above

Posted by inflexionifx > 2024-08-08 01:30 | Report Abuse

how.many days will going to 2.2

IdrakUsama

168 posts

Posted by IdrakUsama > 2024-08-12 11:44 | Report Abuse

Good, good, jeffrey1166. Pasti untung byk 💰💰

Posted by jeffrey1166 > 2024-08-12 13:05 | Report Abuse

yaya

Posted by jeffrey1166 > 2024-08-12 17:19 | Report Abuse

mm start buying

Posted by jeffrey1166 > 2024-08-12 17:19 | Report Abuse

kenanga fund too

Investorrr

680 posts

Posted by Investorrr > 2024-08-12 20:52 | Report Abuse

land bank sales :
17.99acres at Setia City sold to KSL at Rm228.8mn and gain of RM140.6mn

960 acres at Terbau sold to Mokhtar for Rm560mns and gain of RM333.

6.5acres at Bukit Chagar JB for RM167mn and gain of RM47mn.

500 acres at Semenyih to Mah Sing Grp for RM393mn and gain of RM31 mn

total gain for land sales = RM551.6 mns

if realised on 2n qrt ,EPS on these land sales would be RM0.113

Investorrr

680 posts

Posted by Investorrr > 2024-08-12 21:06 | Report Abuse

land sales gain of RM551.6mn (EPS =RM0.113 does not Include 1st qrt and 2nqrt earnings from new project launch gains.

Investorrr

680 posts

Posted by Investorrr > 2024-08-12 21:21 | Report Abuse

above land sales gain do not include the following land sales
RM60mn sales at Bandar Setia alam

RM26mna sales at Tanjung Kupang Johor.

RM26mns sales at Alam Impian.

RM103mns sales at Setia Federal Hills.

ks55

4,242 posts

Posted by ks55 > 2024-08-14 18:48 |

Post removed.Why?

Ytl2023

332 posts

Posted by Ytl2023 > 2024-08-14 21:06 | Report Abuse

Tomoro up how much. Opening price. Hehe

tts752

132 posts

Posted by tts752 > 2024-08-15 09:19 | Report Abuse

why dropping so fierce ?

Ninja _07

544 posts

Posted by Ninja _07 > 2024-08-15 09:35 | Report Abuse

Heading to RM 1.20

mf

29,189 posts

Posted by mf > 2024-08-15 09:36 | Report Abuse

FBM KLCI

FBM KLCI

1,610.78

-1.57

0.09%

xuxu

5,858 posts

Posted by xuxu > 2024-08-15 11:04 | Report Abuse

strong selling, no need to rush in first

Posted by jayjerung > 2024-08-15 11:29 | Report Abuse

1.30 could rebound kaw2

Posted by FlashParadox > 2024-08-15 11:40 | Report Abuse

Kenanga, Affin lower SP Setia's target price, outlook ...

MamakKutty

288 posts

Posted by MamakKutty > 2024-08-15 11:48 | Report Abuse

anyone panic sell here? tanya je

Posted by edithcapital > 2024-08-15 11:49 | Report Abuse

Record earnings and price drops 14.5%... just bought more at 1.3, what a joke market

Goldberg

2,916 posts

Posted by Goldberg > 2024-08-15 11:53 | Report Abuse

Setia's positive performance was partially offset by a higher share of joint venture (JV) losses, which amounted to RM121.8mn in 1H24 compared to RM46.6mn in 1H23. The increased losses were primarily due to issues with the Battersea Power Station JV, including the impact of MFRS 17 (Insurance Contracts), and inventory and bad debt write-downs.

This seem to be dragging the price down.

ken2004

1,704 posts

Posted by ken2004 > 2024-08-15 11:54 | Report Abuse

Weird why, maybe they don meet expectation?

Posted by lionel messi > 2024-08-15 11:55 | Report Abuse

Most property stocks got sold down today. What's the story?

ks55

4,242 posts

Posted by ks55 > 2024-08-15 11:56 | Report Abuse

Who are the sellers?

joni

1,259 posts

Posted by joni > 2024-08-15 11:56 | Report Abuse

QR up Price down

bumipearl

19 posts

Posted by bumipearl > 2024-08-15 12:01 | Report Abuse

Surely will rebound soon

Ninja _07

544 posts

Posted by Ninja _07 > 2024-08-15 12:03 | Report Abuse

@xuxu

Where do you check the sellings?

Posted by edithcapital > 2024-08-15 12:08 | Report Abuse

SPSETIA total 6,544,600 shares shorted

Posted by 631207115149 > 2024-08-15 12:09 | Report Abuse

PELIKKK.....

Posted by edithcapital > 2024-08-15 12:10 | Report Abuse

Currently short sell suspended

stncws

10,711 posts

Posted by stncws > 2024-08-15 12:12 | Report Abuse

huge dropped is expected this month

Posted by GlobalEquity > 2024-08-15 12:15 | Report Abuse

Obviously, foreign funds are taking profits and exiting today. Dow Nasdaq are at historic high with tech bubbles anytime would explode, this no one would deny in Wall Street.
Stocks have become RISKY assets.

Investorrr

680 posts

Posted by Investorrr > 2024-08-15 12:21 | Report Abuse

dye to issues with Battersea Power Station JV in UK...Simepro both

Investorrr

680 posts

Posted by Investorrr > 2024-08-15 12:40 | Report Abuse

Malaysian consortium, comprising S P Setia Bhd, Sime Darby Property Bhd and the Employees Provident Fund (EPF), together with the support of other private and public sector stakeholders were the key drivers in helping the iconic power station roar back to life.

It wasn’t an easy task, of course. Battersea Power Station was purchased by the current shareholders in 2012. A complex transaction, it took 18 months and involved a team of hundreds, including advisers, financiers and solicitors, before the deal was sealed.

Investormy

137 posts

Posted by Investormy > 2024-08-15 12:54 | Report Abuse

Sold all this morning at RM1.43. Probably price going down because too expensive at this price. Just bought MRCB and Ekovest as price is relatively cheap compared to SP Setia

raymondroy

865 posts

Posted by raymondroy > 2024-08-15 13:00 | Report Abuse

excerpt of report....
"-the company’s joint venture with Battersea Power Station recorded a staggering loss of RM101 million in 2Q24
- further exacerbated by an income guarantee agreement for an office tower within the development.
- The Battersea project, which was supposed to be a landmark development, has become a financial burden due to low occupancy rates and high-interest rates in the UK.
- S P Setia’s management acknowledged that the project might continue to post losses in the coming quarters, compounding investor concerns."

gohkimhock

3,128 posts

Posted by gohkimhock > 2024-08-15 13:25 | Report Abuse

You can see very well. MahSing has better management when it comes to risk management..

fortunefire

1,518 posts

Posted by fortunefire > 2024-08-15 13:32 | Report Abuse

the battle sea london land purchase was way back in 2011. the purchased price is much lower. why this is the main concern?

pang72

51,518 posts

Posted by pang72 > 2024-08-15 14:39 | Report Abuse

What is the contribution of 295mils profit if battersea in lose?
It is still huge profit?

ken2004

1,704 posts

Posted by ken2004 > 2024-08-15 14:46 | Report Abuse

No idea why throw, if mention too expensive? then due to what, disappointing quarter? Curious, then what you expect the quarter to be in order not in massive drop lol.........

ken2004

1,704 posts

Posted by ken2004 > 2024-08-15 14:48 | Report Abuse

Mention all this stock too risky etc, why SPSETIA, should the whole KLCI in red then.....really no idea why......

Posted by lionel messi > 2024-08-15 14:48 | Report Abuse

This is not the simple "sell on news" type of movement. This is considered very disorderly especially after announcing good result. Bursa and SC need to investigate or issue an UMA query.

Eagle77

6,992 posts

Posted by Eagle77 > 2024-08-15 14:59 | Report Abuse

Sell 🤣🤣🤣⬇️⬇️⬇️🩸🩸🩸

mf

29,189 posts

Posted by mf > 2024-08-15 15:00 | Report Abuse

run

Eagle77

6,992 posts

Posted by Eagle77 > 2024-08-15 15:10 | Report Abuse

HANCUR SHARK 🦈 SELLING ⬇️⬇️⬇️🩸🩸🩸☠️

Posted by jeffrey1166 > 2024-08-15 15:24 | Report Abuse

will up soon

Eagle77

6,992 posts

Posted by Eagle77 > 2024-08-15 15:25 | Report Abuse

To the Red Sea 🩸🩸🩸

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