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!

---

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?

Been following SP Setia quite closely. My takes are:
1. Consulted an industry expert which says they know what the market wants and caters for that demand.
2. They have strong growth prospects and plan to have record revenues in 2011.
3. Strong past performance, Setia Eco Park was over-subscribed.
4. Looks in pole position to get the RM10b development project under the Economic Transformation Program in Sungai Buloh.
5. Risks - is there still strong demand for property in the Malaysia after 2010 ?

i sold all in my hands liau.. do i need to tell u what i bought? u sound so pro? i already said i'm newbie?
u seems play margin kia.. what contra i not sure?? noob here.. did u buy GUOCO? heong leong bank fren.. paiseh my eng suck.. u geng.. pui!!
i got news.. sell b4 wednesday.. dun greedy..

---

Added on January 17, 2011, 8:01 pmthey demand is plenty.. worried makan $ only.. they will still on demand but it will slightly decrease next year.. early half years becareful..

This post has been edited by ngkhanmein: Jan 17 2011, 08:01 PM

Just announced bonus issue 1:2. Rally tmr?

This post has been edited by free_enuf: Jan 17 2011, 10:33 PM

but i think the share may go down after a few days due to private placement exercise. Just like the Hap Seng

dare? go in low.. later 7..

The drop is not as severe. Chance is good that it will rebound.

y it dropped so much today? any news?

Gotta be the proposed of Bonus issue of 1 share for every 2 shares held:

Type
:
Announcement
Subject
:

S P SETIA BERHAD (“S P SETIA” OR THE “COMPANY”)

(I) PROPOSED PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA (“S P SETIA SHARES”), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PROPOSED PLACEMENT”);

(II) PROPOSED BONUS ISSUE OF NEW S P SETIA SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) S P SETIA SHARES HELD AFTER THE PROPOSED PLACEMENT (“PROPOSED BONUS ISSUE”); AND

(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF S P SETIA FROM RM1,200,000,000 COMPRISING 1,600,000,000 S P SETIA SHARES TO RM2,250,000,000 COMPRISING 3,000,000,000 S P SETIA SHARES (“PROPOSED CAPITAL INCREASE”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Contents
:

On behalf of the Board of Directors of S P Setia, CIMB Investment Bank Berhad wishes to announce that the Company proposes to implement the Proposals.

The details of the Proposals are set out in the attachment below.


This announcement is dated 17 January 2011.

Thanks for the info...I'm quite new in this share thing...hope to learn more from u all....
Will it bounce back? and at what price should i go in?

no problem.

Rebounding is a matter of time, but do exercise cautious as the KLCI index is indeed in a very high position. No one knows what is the right price to go in as the market reacts base on news that related to the stock. As for SP Setia, project contracts are those that will really drives up it shares.

Foreign fund is also another factor that is important in the direction of the market. When more foreign funds is being poured in, stocks will go up (prior to 1997 crisis), and when foreign funds is being pulled back, the stocks will plunge due to supply of shares more than demand where people will do a lot of panic selling, trying to hold on to cold hard cash when the market is uncertain.

If you'd ask me, what is the right price to enter, honestly I do not know. But do ask yourself, you plan to make quick bucks (as a contra player), looking for capital appreciation over a period of time or going in for dividend play (long term)? Rule of thumb, always invest within your mean, and do not rush in buying stocks as the timing is very important.

Downgraded because of the private placement. Didn't they just get a plot of prime land in Jalan Bangsar?

Just wondering, why would a bonus issue and private placement drag the share price down? Is that because private placement is normally done at certain discount of the market price?

For SP Setia, what will happen to the -WB after the bonus issue of the mother shares? Does the WB get the bonus issues as well?

A bonus issue will increase the supply of shares. More supply, lower prices. Hope that clears the air.

I agree that the price will be adjusted (lower) upon the bonus issues. But why now?

I thought bonus issue is akin to dividends. Before and after the bonus issue, the total investment and return should stay the same (theoretically).

Say a stock trades at RM1.20 and it pays out RM0.20 as dividend. On Ex-date, the share price should adjust to RM1.00.

Similarly, say a stock trades at RM2.00 and it gives 1 bonus share for 1 existing share held. On Ex-date, the share price should adjust to RM1.00. Since you now get 2 shares, the total value will still be the same prior to the exercise.

Private placement is different. New money will be injected and the issue price is usually at a discount to the market price. Our shareholdings as well as the earnings will be diluted. In the short-term, it's not good for existing shareholders.

I'm actually quite confused also. The money is for expansion. They have so many projects in the pipeline. All the good factors should outweigh the pressure arising from the private placement, right? Why the heck some research houses already downgraded the stock simply because the earnings will be diluted?

This post has been edited by iamsobloodysick: Jan 18 2011, 12:57 PM

@T816B

The price drop is not so much due to the bonus issue imo. It's the placement of new shares. Even if it's a pure bonus issue exercise, the price won't adjust until ex-date, right?

I pasted the news article by Bloomberg on the downgrades by ECM and RHB. You may refer to my earlier post. ^

This post has been edited by iamsobloodysick: Jan 18 2011, 01:14 PM

Thanks.

Let's wait and see if this counter can rebound in the next few days.

imho, it is because the bonus issue is as a result of private placement, meaning it will dilute the EPS of the current shareholders.

Anyone has updated papers from OSK or CIMB etc, please share it here. Thanks!

This post has been edited by yok70: Jan 18 2011, 05:26 PM

I know SP Setia going to have a bonus issue, however, what is the impacted to SPSetia-WB warrant? I have holding 2 units.

Want to know any impacted after bonus issue out.

Thanks

From the way you ask, I believed you do not know much about warrant or to be precise with the characteristic of the warrant you are holding. Your SP Setia- WB warrant main terms are exercise price of RM4.48; exercise ratio of 1-for-1 and the expiry date at Jan 2013.

With the private placement and issuance of bonus share, it would mean that the share capital of SP Setia increased hence diluting the current earning of the current shareholders. This will lead to the share price drop in Sp Setia due to the dilution of EPS (Earnings per share). And since your SP Setia WB warrant related directly to SP Setia mother share, don't you think the news of SP Setia will have a direct effect on the warrant?

Warrant price are determined closely by the price of the mother share and the expiration of the warrant, although there are many other factors that are factor in the price (rho, teta and etc etc). Maybe you wan to google more about warrant or search the forum to have a better understanding of it.

Yes both bonus issue and private placement will dilute the EPS. But the difference is that the former doesn't dilute the % of existing shareholdings. Your cut on the earnings remains the same. The price (if it's pure bonus exercise) should only be adjusted on ex-date. That's what I wanted to say.

If I'm not mistaken the warrant terms will be revised accordingly on bonus issue. If not the warrants will be forever out of money, right?

Theoretically, should be adjusted to the ex date, but as we know, market is always unpredictable. .

People just follow the majority, that's why the big sharks is always the winner in the market.

As for the warrant, I'm not sure whether will it be revised accordingly. And I agree with you that if they don't it will always be out of money. That's the risk of holding warrants. Maybe someone can enlighten us on this warrant issue.

Seems like we do not have an answer on what will happen to the warrant after the issuance of the bonus shares for the mother share.

Will the exercise price be adjusted lower accordingly?

I think I was wrong. If bonus issue is similar to cash dividends, the warrant terms won't change. Is it only share split will get the exercise price revised? I remember seeing an announcement pertaining to this recently. I can't recall which stock already. I think we need to find a warrant which had similar corporate exercise to confirm.

i trade stock start from 5 year ago,

for my opinion.. you maybe you need spend some time to study what is exactly stock market running

stock market is a money game , is a market that you can put your money for invest.. maybe you can make money

you may lossing money also..

the most important for me.. don't trust for the indicator.. especially William% or RSI ..

i tell you , every professional indicator is a wrong signal for us to go to the market

i loss over 90K in the stock market...

now only i understanding we need to follow with the market trend

bull or bear market

now is going too high bursa now today

1570.. to high .. don't go in first.. wait...

but my opinion ..if you want to make fast money..

trade FKLI or FCPO..

the faster way to make money.. i make about 500-2k per day with 1 lot for trade CPO

I am trying to find a stock with similar exercise too but to no avail.

S P Setia back in the limelight

URL: http://www.theedgemalaysia.com/highlights/...-limelight.html

SP Setia plans project, in talks with govt on KL site

Read more: http://www.btimes.com.my/Current_News/BTIM...l#ixzz1BOlA2p9j

SP Setia slides on downgrades

Read more: http://www.btimes.com.my/Current_News/BTIM...icle/index_html



This post has been edited by David83: Jan 18 2011, 10:45 PM

Call warrants exercise price will be revised (read here). Not sure about warrants.

---

Added on January 18, 2011, 11:01 pmIt was only a week ago when most research houses were bullish on this stock. They changed their stand so quickly.

This post has been edited by iamsobloodysick: Jan 18 2011, 11:01 PM

Thanks. Am surprise that there is no info for the WB?

Most of them still bullish, just a few downgraded as they thought its fully valued.

8.06 (CIMB, up)
7.70 (HwangDBS, not sure up or down)
7.39 (RHB, down)
7.15 (MBB, up)
7.23 (OSK, not sure up or down)
6.00 (Libra, not sure up or down)
6.95 (达证券 up）

This post has been edited by yok70: Jan 19 2011, 03:02 AM

Are these revised recommendations following the announcement of the corporate exercise?

ECM Libra is advising investors to take profit.

New SPSETIA-CW by CIMB (here) could be listing today. Let's see if the selling pressure persists or not.

In order for The SPSETIA- CW warrant to be in the money, SPSETIA need to be above RM 7.35 (0.15*8 + 6.15 exercise price). Else. CIMB will laugh all the way to the bank. Possible of SP Setia to reach the height or above RM 7.35 in a year from now? Let's check this when 2012 comes!

This post has been edited by andrewckj: Jan 19 2011, 08:20 AM

News Flash:

SP Setia Bhd, a Malaysian property developer, rose the most in a week in Kuala Lumpur trading after AmResearch Sdn Bhd raised its fair value for the stock to RM7.10.

Its shares gained 3 per cent to RM6.60 at 9:10 a.m. local time, set for their biggest increase since Jan. 13. -- Bloomberg

bro.. totally agree with u.. cos i still newbie.. i keep advise them don't go in... sell anytin u have rite now.. dun b greedy.. as those old bird told me.. time to sell cos slump period is arriving soon..

---

Added on January 19, 2011, 10:58 amnow goin up 12 sen.. after 7, sell ba..

This post has been edited by ngkhanmein: Jan 19 2011, 10:58 AM

http://biz.thestar.com.my/news/story.asp?f...57&sec=business

You are correct. Libra's TP is 6.00, definitely not a buy call.
Only those around 7.x or even 8.x with a buy/OP call.

icic...thanks for your the explanation and the others as well...it's indeed abit complicated...
need to see and learn more...

---

Added on January 26, 2011, 9:19 pmSpSetia giving 14cents dividend... Time to rebound!

This post has been edited by lch78: Jan 26 2011, 09:19 PM

Anyone know why SPSETIA up but SPSETIA-WB drop? Not a good news?


KUALA LUMPUR: OSK Research said consistent with the general weakness in the stock market of late, SP Setia has been under heavy selling pressure, having fallen 10.7% from the peak of RM6.93 in two weeks.

The research house said on Thursday, Jan 27 as a result, SPSETIA-WB is now trading at a discount of 14 sen relative to its mother share, SP Setia.

“Hence, we believe there could be an arbitrage opportunity for the current shareholders of SP Setia. As an illustration, assuming that an existing shareholder now takes profit on the shares of SP Setia at a price of RM6.26, buys SPSETIA-WB at RM1.64 and then exercises the warrants at a conversion price of RM4.48, he/she will pocket a gross 14 sen, or 2.3% arbitrage gain.

“That notwithstanding, we maintain our BUY call on SP Setia with a price target of RM7.23 (cum), based on 3.1x CY11 P/NTA, the peak valuation it achieved in 2007,” it said.

http://www.theedgemalaysia.com/business/18...a-tp-rm723.html

Hi, I'm new to this forum. Just an opinion, based on my observation for short-term Warrant and MotherS not necessarily goes to the same direction. Mom may come up and son may down. There is few causes to this act which I think based on TA, Sentiment and News also FA.

Ok, as discuss above.. just for information Setia-WB will definitely got an adjustment. Just like Setia-CD ( UNIT X 1.5 ). For the exercise price will also adjusted from 4.48 to something which I think should be 4.48/1.5. Based on the strong order and FA of Setia.. It won't be so crucial to come out from the market unless your trading plan is saying so.

Happy Trading Guys :-)

Bonus Issue for SP SETIA ? Good or bad ?

=====
S P SETIA BERHAD (“S P SETIA” OR THE “COMPANY”)

(I) PROPOSED PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA (“S P SETIA SHARES”), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PROPOSED PLACEMENT”);

(II) PROPOSED BONUS ISSUE OF NEW S P SETIA SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) S P SETIA SHARES HELD AFTER THE PROPOSED PLACEMENT (“PROPOSED BONUS ISSUE”); AND

(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF S P SETIA FROM RM1,200,000,000 COMPRISING 1,600,000,000 S P SETIA SHARES TO RM2,250,000,000 COMPRISING 3,000,000,000 S P SETIA SHARES (“PROPOSED CAPITAL INCREASE”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

All I know is bonus is always welcome...

EPS dilution for higher growth expansion. So, is it good? It's good for mid to long term, it's bad for short term. That's why the selling down lately. Read this OSK paper and judge your own. They recommend to buy the WB warrant instead of the mother share. In today's closing, if you buy the WB warrant and immediately exercise it to the mother share, you already gain 3.27%.


Attached File(s)
 SPSetia_An_Arbitrage_Opportunity_20110127_OSK.pdf ( 36.32k ) Number of downloads: 39

Thanks for the sharing. My ABP for SPSETIA is 4.21. So maybe I will hold on to it for a bit longer

This post has been edited by whizzer: Jan 29 2011, 01:03 AM

SP Setia remains a 'sell', says ECM

URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Sorry, what do you mean by immediately exercise it to the mothershare? Can it be done?
I thought it can only be done at the exercise date?

There is such a huge disparity between the analyses of different broker houses, that I don't know which one to trust.

Trust yourself

Good advice..

You can exercise it anytime before the expiry date. Please correct me if I am wrong.

---

Added on February 1, 2011, 6:43 pmYeah, huge difference. On the other hand, it's the sector top pick by OSK and CIMB.
Another good example is Tchong. While OSK, CIMB, RHB rated it as sector top pick, Maybank asked you to sell it and buy proton and MBMR (support national car?!). Judge your own.

This post has been edited by yok70: Feb 1 2011, 06:44 PM

any budy know went the cum date end for SPSETIA???

This post has been edited by nodoube: Feb 17 2011, 06:17 PM

8664 SPSETIA SP SETIA BHD
Bonus Issue 1 : 2

Entitlement Details:
Bonus issue of up to 665,059,057 new ordinary shares of RM0.75 each in S P
Setia Berhad (S P Setia) (S P Setia Share(s)), to be credited as fully paid-up,
on the basis of one (1) new S P Setia Share (Bonus Share) for every two (2)
existing S P Setia Shares held by the entitled shareholders of S P Setia as at
5.00 p.m. on 21 April 2011 (Entitlement Date) (Bonus Issue)


Entitlement Type: Bonus Issue
Entitlement Date and Time: 21/04/2011 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 19/04/2011

means what huh?

buy 2 free 1? if already bought few days ago still can get?

Can. Ex-date is 19-4-11

alright thanks for the info. I think i will hold it, consider this is a huge bonus for long term investment.

---

Added on April 9, 2011, 2:11 pmbtw, consider their high rise in revenue and future planning. This is a good buy.

This post has been edited by hz428: Apr 9 2011, 02:11 PM

Need some help here and saw the below annoucement on SPSetia-WB in Bursa Malaysia website on the 11/04/2011

I'm currently holding some SPSetia-WB warrants i.e 40 lots therefore, I'm wondering whether I'm entitled for the Bonus Share? Is it worth to hold these warrants after the allotment? Thks.


Subject : SPSETIA-WB - NOTICE OF BONUS ENTITLEMENT


Contents : Adjustments to the exercise price and number of outstanding S P Setia warrants (“Warrants”) in accordance with the provisions of the deed poll dated 19 November 2007 (“Deed Poll”) as a consequence of the bonus issue of up to 665,059,057 new ordinary shares of RM0.75 each in S P Setia Berhad (“S P Setia”) (“S P Setia Share(s)”) (“Bonus Share”), to be credited as fully paid-up, on the basis of one (1) Bonus Share for every two (2) existing S P Setia Shares held as at 5.00 p.m. on 21 April 2011 (“Entitlement Date”) (“Bonus Issue”) (“Adjustments”).

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 19 April 2011 ]

2) The last date of lodgement : [ 21 April 2011 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 33.33% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.

Remarks : "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 22 April 2011 with bonus issue of SPSETIA-WB shares each, any shareholder who is entitled to receive SPSETIA-WB bonus issue shares, may sell any or all of his SPSETIA-WB shares arising from the bonus issue beginning the Ex-Date (19 April 2011).
For example, if Mr X purchases 200 SPSETIA-WB shares on cum basis on 18 April 2011, Mr X should receive 200 shares on 21 April 2011. As a result of the bonus issue, a total of 300 SPSETIA-WB shares will be credited into Mr X's CDS account on the night of 21 April 2011 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 19 April 2011 onwards."

Pursuant to the provisions of the Deed Poll, the Bonus Issue will give rise to the Adjustments.

Based on the number of outstanding Warrants as at 6 April 2011, up to 78,315,448 additional new Warrants pursuant to the Adjustments (“Consequential Warrant(s)”) will be allotted and issued on 21 April 2011 on the basis of one (1) Consequential Warrant for every two (2) existing Warrants held by the entitled Warrant holders of S P Setia, whose names appear in the Record of Depositors for Warrant holders of S P Setia at 5.00 p.m. on the Entitlement Date. Any adjustments arising from the allotment of Consequential Warrants to each Warrant holder of S P Setia will be rounded down to the nearest one (1) whole Warrant, pursuant to the provisions of the Deed Poll.

The Adjustments will take effect on 22 April 2011, being the next market day immediately following the Entitlement Date in accordance with the provisions of the Deed Poll (“Effective Date”).

The listing of and quotation for the Consequential Warrants to be issued on the Main Market of Bursa Malaysia Securities Berhad will be on 22 April 2011.

The notice to the entitled Warrant holders of S P Setia setting out the Adjustments will be despatched to the entitled Warrant holders of S P Setia within twenty one (21) days from the Effective Date.

It simply means that you will be entitled bonus issue for ur your current holding warrant.
Based on bonus ratio=> 1:2,
Will you get an additional of 20 lots of warrants as bonus issue.
The Ex-date is 19 April 2011.
Hence, u can sell these additional 20 lots on 19th of April 2011.

Hope that u can understand.

Keep dropping...but they claim this year sales will pecah record....time to go in?

what they claim can be 'not 100% true'.
be careful unless the number from quarterly says so

Target Price from Various Broker House:



Estimation:

AmResearch 28 June 2011




Attached File(s)
 AmResearchSdnBhd_SPSetia_28Jun2011_2011_6_27.pdf ( 78.52k ) Number of downloads: 68

Break or not SPSetia is overvalue, furthermore there are dilution from recent private placenment

it's down 3.87

waseh....target price so high from various broker....time to go in?

target price in 12 month's time.
in next 6 months, anything happens, they can change their TP at their own leisure, without even a pinch of guilt.

so many examples around
Learned the lesson, dont rely much on brokers

Property price downgrade...sure will affect property counter...
Mahsing , Spsetia and more...

May i know what software r u using?

I think we all aware the property industry is not as sexy as last two years. With rate hike and inflation flaming high, how well the industry will work? SPSetia is the leader and achieve a high valuation as compared to others. it is natural to see price adjust with rerate of property industry.

will this be the time to accumulate? behind the big player who own SPSetia, those looking for mid to long term, I believe is time to keep her in the monitor list. just my two cents

It depends whether we consider the property industry is still attractive enough to buy or we have to change into other industry?

If property industry affected, would it affect the other industry as well such as banking industry?

Could we take the big 2 companies from properties industry or better big 5 companies from the same industry to make a decision?

I guess it is a lot of work to be done, while we all just collecting information.

http://steven-moo.blogspot.com/2011/07/sp-setia-bhd.html

SP Setia abandons China property venture

SP Setia Bhd, a Malaysian real estate developer, scrapped a joint venture with Hangzhou Ju Shen Construction Engineering Ltd to develop a mixed property project in China because terms of the agreement weren’t met.

SP Setia “still firmly believes” that property prospects in China are “positive,” the company said in a statement in Kuala Lumpur today. It will continue to look out for other suitable opportunities there, it said. -- Bloomberg

Read more: SP Setia abandons China property venture http://www.btimes.com.my/Current_News/BTIM...l#ixzz1TJHJt8RO

Am Research (15 August 2011)


Attached File(s)
 AmResearchSdnBhd_SPSetia_15Aug2011_2011_8_15.pdf ( 720.51k ) Number of downloads: 53

At current price, worth to relook at S P Setia? What say sifu's out there?