Seems to be going through a major sell off..wonder why..
Is it a blue chip stock? Is the company facing any problems? Thanks.

This post has been edited by leiwulong90: Sep 28 2009, 02:19 AM

no idea why that's happened. personally i feel it's a good company with a creative marketing team able to boost sales in a period of slump. it's held out well when companies like Ireka and Sunrise crumbled over the past year. it doesn't have a big land bank like Island & Peninsula /IJM, but it works wonders over its existing landbank.

company.. shouldn't be facing any problems in the pipeline.

SPSETIA drop 17 sen??? so weird.... :

SPsetia and IJM.. tipped the sexiest property counter in 2010...

who tip? you?

Can see recover at 2010, but so expensive now, have to wait first

http://cwyeoh-stock.blogspot.com

SP Setia on track for RM2b sales target

SP Setia Bhd is on target to meet its sales target of RM2 billion for its fiscal year ending October, the company said in a media statement today.

Meanwhile, speaking to reporters in Kuala Lumpur today, chief executive officer Liew Kee Sin said the company is planning a real estate project with a gross development value of RM1.4 billion in Melbourne, Australia. - Bloomberg

EPF and PNB are increasing their stakes in SPSetia over the months. The share price is also inching up steadily. Will this be the vehicle used for the coming GE? Possible for it to achieve previous high of around RM 9?

Looking forward to it.

Maybank have this recommendation:

 SPSB_Setia_20101210_MIB_410.pdf ( 509.49k ) Number of downloads: 156

Thanks for the info. The warrant is performing very well these days.

I want it to fall to rm4.44 then go in.

I would not go in if it does fall to RM 4.44.

SP Setia
SP setia already broke the historical high of 6.18 and now go up up to infinity. So now we need to use FIBONACI to track the resistance








Current Close price on Jan 7 = 6.45
R1 = 6.49
R2 = 6.78
R3 = 7.09 ( New TP 6.95 RHB and TP 7.23 by OSK)

S1 = 6.28
S2 = 6.12

0521 GMT [Dow Jones] STOCK CALL: OSK Research raises SP Setia's (8664.KU) target to MYR7.23 from MYR6.58, pegged to a higher P/NTA multiple of 3.1X, which was its peak valuation in 2007. It keeps a Buy call. The house says, banks have been eager to fund and fuel the property boom by encouraging society and the financial system to leverage further and switch from traditional financing to more speculative financing. "This has in turn created a sense of euphoria, which is fuelling the country's biggest residential real estate boom since the Asian Financial Crisis." The house adds, the stock's current foreign share holding is 25%, which is significantly below more than 40% during the 2007 boom. "There is a high possibility that the next wave of foreign hot money pouring into Malaysia to ride on the residential property 'super cycle' may shove SP Setia's valuation to surpass even the peak level it attained in 2007," the house adds. The stock is down 0.6% at MYR6.39.(ankur.relia@dowjones.com)

RHB raises SP Setia's fair value
SP Setia Bhd, a Malaysian property developer, climbed to a record after RHB Research Institute Sdn Bhd raised the stock’s fair value to reflect a higher market value for its development landbank.

The fair value for SP Setia was increased to RM6.95 from RM6.50, RHB said in a report today.



Regards
Edwin
http://edwinextremebullrun.blogspot.com/

I follow spsetia rm3 ++ till now rm 6++ i dun have budget.. can hiked up till rm 7-8 no time.. they project a lot.. setia tropika project finished liau!

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Added on January 8, 2011, 4:59 pmit will drop till rm5 the worst.. stop dreaming if drop rm4.44.. if really drop that much.. i think forfeited chances are more higher..

This post has been edited by ngkhanmein: Jan 8 2011, 04:59 PM

lol you followed it since late last year?

Today closed at 6.93. I let go too early already.

Too little upside to chase now.

i bought it earlier when price around 3+, then let go when it touch rm4. bought back at 4+ (dont remember), but in and out sev times.
chasing higher and higher.
at the end, i got out, and buy the WB instead. Handsome return.
its WB may run few more cents today/ next week, then major pull back i hope
wont think it will drop to <rm6
if yes, either bcoz of bad news (similar to mudakaya/ faber) or whole market going for double dip

if you read all the research reports beginning for this year, almost all house include SPsetia in their recommended stock

drsaleh i followed from 3+.. crisis will drop till 5.. as i see they a lot project.. so hit 8-9 sure no problem.. as 1650+ points is next high target i looking at.. keep it up.. for info.. keep looking at parkson & BIMB.. resilient

You seem to follow' alot of stocks, but do you even buy any?