May 21
SP Setia: A Slow Quarter
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SP Setia: A Slow Quarter
Setia Surpasses FY2025 Sales Target with RM5.11 Billion
S P Setia’s 9MFY25 Earnings Stay on Track Despite High Base Effect
S P Setia Berhad reported 9MFY25 core net income of RM277.7 million, in line with both internal and consensus expectations at 71% and 73% of full-year forecasts. The group’s 3QFY25 core profit eased to RM100.9 million, reflecting an 8.7% quarter-on-quarter decline following a strong second quarter lifted by land sale recognition from Taman Pelangi. Lower administrative costs and reduced…
SP Setia Maintains Hold on Battersea Project as UK Market Challenges Persist
KUALA LUMPUR – SP Setia Bhd (SPSB MK) remains cautious on its flagship Battersea Power Station (BPS) project in London, noting that while the development has transformed into a vibrant destination, profit visibility remains limited in the near term. The company reiterated its HOLD call with a target price of RM1.10, citing persistent challenges in the UK property market despite improving footfall…
Company News For The Day: SD Guthrie and Gamuda Energy
SD Guthrie Bhd has signed a collaboration with Gamuda Energy Sdn Bhd to develop, own, and operate 1.2GW of solar power assets with storage systems, targeting Malaysia’s rising industrial and data centre demand. The partnership leverages Guthrie’s nationwide landbank and Gamuda’s 3GW regional RE pipeline. SD Guthrie and Gamuda Energy Group MD Datuk Mohamad Helmy Othman Basha said RE will be a…
S P Setia Unveils Elysian: Exclusive Semi-D and Bungalow Homes in Kajang
Selangor, 5 Aug 2025 – S P Setia is turning heads with the launch of Elysian, a limited-release of just 40 freehold luxury homes nestled within the Setia Alamsari township, Kajang. The exclusive enclave is now open for sale with prices starting from RM1.63 million. Located in an award-winning 775-acre integrated township developed by S P Setia, Elysian offers low-density premier homes for…
S P SETIA BUY Maintained with FV of RM1.84 Driven largely by Johor land sales
S P Setia‘s financial outlook remains strong with a “Buy” recommendation, supported by a favorable Fair Value of RM1.84. The company’s robust performance is largely driven by significant land sales in Johor, positioning it well for continued growth and profitability in the Malaysian real estate market. Read more Business News Huawei Digital Power will continue to push boundaries in renewable…