Posted by GlobalEquity > 2 months ago | Report Abuse

At about RM1.0, you could buy much cheaper than those who bought a much higher prices over the last six months, including EPF.
HOLD a few weeks or months, handsome profits can be made when rebound.

Posted by Ninja _07 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/724867



Same issue. Company won!

Posted by Ninja _07 > 2 months ago | Report Abuse

Hartalega won legal suit against its former director

Posted by GlobalEquity > 2 months ago | Report Abuse

Legal action is actually a good thing for the company because:
* It shows the biggest shareholder PNB is serious about INTEGRITY and ACCOUNTABILITY of SPSetia's senior management
* It's a serious reminder to the future team to be truly professional
It's only a knee jerk reaction (as the market acknowledged today in renewed buying at low prices)
It's not "Steve Job" that you can't find replacement for, or sinister like CEB (huge sell down but no large shareholders emerged), so let's hope the chapter IS over and prices back on track with Bursa.

Posted by anghockkeong151177 > 2 months ago | Report Abuse

May break RM1.2 this afternoon ?

Posted by ken2004 > 2 months ago | Report Abuse

as those people been sue already left the company awhile back, yes, it is a scandal but those so called losses already awhile ago which does not impact the current finance, so the throwing will not last long i think.....

Posted by calvintaneng > 2 months ago | Report Abuse

Will moderate by rise of 5% to 30% construction cost due to 52% diesel price rise



DUFU better option

DUFU (7233) OVERSOLD & TOP REASONS WHY IT HAS THE MOST POTENTIAL NOW FOR UPSIDE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-30-story-h-153147341-DUFU_7233_OVERSOLD_TOP_REASONS_WHY_IT_HAS_THE_MOST_POTENTIAL_NOW_FOR_UP

Posted by Ryugentrades > 2 months ago | Report Abuse

my 2 cents on SP Setia. With the continued negative share price pressure, no hurry to buy in yet. No one knows how low it can get, so safer to buy in when there is clear reversal in fortune. I am personally looking into Malakoff instead. A short video comparing the 2 stocks. Do watch if interested. TQ

https://youtu.be/GUgWhokqvoE

Posted by ks55 > 2 months ago | Report Abuse

From state champion to district champion due to injury to one hand. Can it elevated back to state champion? Very likely!

Posted by Johnchew123 > 2 months ago | Report Abuse

Chinese calendar bulan hantu going finish 2 Sept ,hantu ghost gkacau all small cap counter
Since 5 August ,foreign fund buy bank stock , expect 3 sept start will be turn contruction n property goreng up ,
SPSETIA will take 5 trading day back 1.25 again ,by next Friday ,
Take note

Posted by GlobalEquity > 2 months ago | Report Abuse

Forget about the fake scare of the legal case in August!

Expect the "frenzy" of FED's interest rate cut in September.

I don't think the current low price of RM1.10 can withstand the rush in by foreign funds!

All eyes on Fed !

If SOMEHOW Fed changed decision to delay the rate cut or cut just by a little, then better run for cover!

Posted by Ninja _07 > 2 months ago | Report Abuse

Once rate cut, can see SPSetia climbing to RM1.80

Posted by IdrakUsama > 2 months ago | Report Abuse

tuntutan mahkamah terhadap bekas pengurusan kanan dah habis?

Posted by GlobalEquity > 2 months ago | Report Abuse

Foreign funds are two edged swords!

You love them and you hate them!

We Malaysians are always vulnerable, when suddenly they pull out (they are always short-term players), YOU suffer and be stuck.

Predicting the directions of foreign funds is a great challenge (need to read and know a lot of happenings eg company wise, national and world's economy and geo politics, etc).

We are now running on bull sentiments in Bursa but also with a very real timebomb in the NASDAQ US, nuclear bomb by Tsar Putin in Ukraine or even Sino-US conflicts in the South China Sea...

Always be prepared for any Black Swan event and gain from it...

Posted by Johnchew123 > 2 months ago | Report Abuse

3 more day , see u this Friday 1.25 , today profit taking ,higher 1.21 ,Chinese calendar 1 month ghost day finish yesterday ,no more hantu kacau small cap counter start today onward ,contruction n property will slowly move up

SPSETIA , see u this coming Friday 1.25

Posted by GlobalEquity > 2 months ago | Report Abuse

Ex-Dividend date : 17 SEP 2024

Preferential Dividend 6.49% pa.

Uncertain trading time ahead!

Posted by ken2004 > 2 months ago | Report Abuse

What is this dividend means actually

Posted by jeffrey1166 > 2 months ago | Report Abuse

ya tp can set 2.2

Posted by jeffrey1166 > 2 months ago | Report Abuse

add in special dividend as well

Posted by limit_up > 2 months ago | Report Abuse

Everywhere market down. Selling pressure. Run for cover.

Posted by limit_up > 2 months ago | Report Abuse

Nikkei plunges 4%, leading losses in Asia after Wall Street plummets on weak U.S. data

https://www.cnbc.com/2024/09/04/asia-pacific-markets-set-to-fall-after-recession-fears-heighten-nvidia-tumbles.html?__source=androidappshare

Posted by limit_up > 2 months ago | Report Abuse

Afternoon more selling to come. Runn...

Posted by GlobalEquity > 2 months ago | Report Abuse

Safer to be light or stay sideline for now!

US recession (and unemployment data) is the biggest worry as The Sahm Rule has been accurate and NEVER failed:

"Since 1970, the Sahm Rule has coincided with every recession without failure".

We may be seeing the biggest crash brewing since 2008! Very scary indeed! But also good opportunity, right?

Much to think why Warren Buffet offloaded Apple shares and horded 277 billions cash!

Posted by pang72 > 2 months ago | Report Abuse

SPSETIA brings the property dive below $1

Posted by jeffrey1166 > 2 months ago | Report Abuse

coming can fly

Posted by Johnchew123 > 2 months ago | Report Abuse

https://www.kwongwah.com.my/20240903/%e8%82%a1%e5%b8%82%e4%bc%b0%e5%80%bc%e5%90%88%e7%90%86-%e5%a4%a7%e9%a9%ac%e5%8d%b0%e5%b0%bc%e5%96%9c%e8%bf%8e%e5%a4%96%e8%b5%84/

FYI

Posted by Ai85 > 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.

Posted by Ai85 > 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.

Posted by Ai85 > 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.

Posted by IdrakUsama > 2 months ago | Report Abuse

Dah bersedia untuk beli jika Sp Setia jatuh ke Rm1

Posted by GlobalEquity > 2 months ago | Report Abuse

RM0.60 !

When all hell breaks loose in US market on 17th September (Fed Meeting), no one knows how low it can go!

One thing for sure, the counter will be shorted like no business!

Fed is having the biggest headache:
A. To cut rate, US dollar will collapse further. US dollar certain outflow to emerging markets.

B. Cut just a little rate say 25 basis points instead of 50 or more, you can't contain a recession.

C. No rate cut (delayed):
All indexes crash like hell.

September 2024 going to be biggest dilemma for Fed and US markets.

May be WWIII starts, everything can talk later including 35 trillions debts.

Posted by Johnchew123 > 2 months ago | Report Abuse

Gloabalequity du gilaa babbi kah ? Rate cut will benefit Malaysia , foreign fund wil go in , recently small cap n tech stock sell down is by local fund n retailer ,they scare market crash ,once us rate cut ,they too emosinaly and brain negative thinking
Foreign fund are net BUY August , if rate cut started , more foreign fund will go in KLCI

Posted by pang72 > 2 months ago | Report Abuse

Wait a while..
Dive below $1

Posted by limit_up > 2 months ago | Report Abuse

Gap up soon... market rebound

Posted by Ai85 > 2 months ago | Report Abuse

Potentially stabilizing and rebound after the cessation of selling activity by Sub. S-hdr Amanahraya

Posted by Ninja _07 > 2 months ago | Report Abuse

This is fundamental stock... Now its the time to buy the dip 😛

Posted by ken2004 > 2 months ago | Report Abuse

rate cut analysis like telling everything drop, not only SPSETIA lol, so all need to buy, sell off now lol

Posted by pang72 > 2 months ago | Report Abuse

Property will back to origin..
Dip below $1 is matter of time

Posted by pang72 > 2 months ago | Report Abuse

After the technology crashing completion will move to property and oil n gas

Posted by newbie9893 > 2 months ago | Report Abuse

YTLP & YTL in uptrend mode...sapu kaw kaw...

Posted by newbie9893 > 2 months ago | Report Abuse

last chance to grab ytlp@03.50, you won't get this price after 10am

Posted by limit_up > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/726465

Posted by limit_up > 2 months ago | Report Abuse

SP all the way. Go shoot up..

Posted by IdrakUsama > 2 months ago | Report Abuse

Sp setia akan naik ke RM1.50 semula

Posted by Willtolive > 2 months ago | Report Abuse

property is next big theme

Posted by Johnchew123 > 2 months ago | Report Abuse

Rate cut U.S next week will benefit U.S property stock ,U.S property stock will lead a gainer once U.S rate cut slowly starts ,following KLCI property stock will follow rebound , TP SPSETIA 1.50 by Middle OCT

Posted by Ytl2023 > 2 months ago | Report Abuse

Wow. Big push today

Posted by ken2004 > 2 months ago | Report Abuse

Entire top floor of Battersea Power Station's 50 Electric Boulevard leased to global marketing agency Team Lewis.

Posted by limit_up > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/726762

Posted by jeffrey1166 > 2 months ago | Report Abuse

tp can set 2.2