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Overview
Financial Highlight
HeadlinesBusiness Background S P Setia Bhd is a general real estate company that reports in three segments: property development, construction, and other operations. The vast majority of Setia’s revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia’s construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.
  1invest1 During Liew's time, co doing very weLL. He did an excellent job & led co uP. Since he sold out, co never the same. Co could not perform the same since. Property mkt local-global slowly overheated Probable recession nxt yr won't help at all What can we expect then, up or down ? 21/12/2022 12:19 PM 1invest1 What goes up must come down, what comes down must go up, over time in the stk mkt. Yes, could be counter, country or cond. It is risk - reward situation. Confident if 41c, can recover over time to 60+c If retest 41c, sure will buy. 21/12/2022 12:29 PM 1invest1 PM: 2022 growth likely to beat earlier forecast of 6.5% to 7% Wednesday, 21 Dec 2022 https://www.thestar.com.my/business/business-news/2022/12/21/pm-2022-growth-likely-to-beat-earlier-forecast-of-65-to-7#cxrecs_s 21/12/2022 12:56 PM  silvernina nit Price Index Of Building Materials Declines Across Malaysia, Says DOSM According to a report by the Department of Statistics Malaysia (DOSM) titled "Special Release 2 (For Building and Structural Works) November 2022," a month-on-month comparison of construction materials and selected areas in Peninsular Malaysia, Sabah, and Sarawak showed a decrease in the unit price index for all areas. The unit price index of steel recorded a decrease of 1.6% in November 2022 compared to October 2022 and has declined for three consecutive months. This decrease in the price index is in line with the decline in the price of major commodities such as iron ore and steel at the global level. However, according to Trading Economics, the price of iron ore and steel began to increase at the end of November 2022 due to some major cities in China easing their COVID-19 lockdowns. While there may be increasing demand for steel, there are still uncertainties surrounding steel prices that may put pressure on prices. The unit price index for steel and metal sections decreased by 0.6%, while the index for sand decreased by 0.1%. However, the index for timber increased by 1.7%, and the index for cement increased by 1.1%. Some building materials, such as plywood in all areas of Peninsular Malaysia, Sabah, and Sarawak, remained unchanged. In a year-on-year comparison, the unit price index for building materials in November 2022 showed increases of between 3.2% and 11.8% compared to the same month the previous year. The unit price index for steel increased by 3.4%, and the index for steel and metal sections increased by 4.6% in November 2022 compared to the same month the previous year. Average Price of Selected Building Materials A comparison for the month showed that the average prices of selected construction materials, such as steel and cement, decreased compared to October 2022. The average price per unit of steel, including mild steel round bars and Mycon 60 high tensile deformed bars, was RM3,599.34 per metric tonne, a 1.0% decrease from the previous month (October 2022: RM3,637.01 per metric tonne). The average price of cement (Ordinary Portland) increased slightly by 0.9% to RM20.88/50 kg compared to RM20.70/50 kg (October 2022). The average price of aggregates was RM41.14/metric ton, a 0.7% increase from October 2022 (RM40.83/metric ton). However, on an annual basis, the average prices of steel and cement increased by 10.2% and 9.6%, respectively. The overall decrease in building materials should be good news for construction players, which in turn could benefit mega developers by decreasing pressure on costs. We are upbeat for the prospect for mega developers such as SP Setia Berhad, Eco World Development Group Berhad, IOI Properties Group, SkyWorld Development Berhad and UOA Development Berhad. 23/12/2022 3:12 PM Good123 Dilution, mungkin sebab harga syer menjunam balik :( SPSETIA - RENOUNCEABLE RIGHTS ISSUE OF 2,472,010,007 NEW CLASS C ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN THE COMPANY (RCPS-i C) AT AN ISSUE PRICE OF RM0.38 PER RCPS-i C ON THE BASIS OF 67 RCPS-i C FOR EVERY 100 EXISTING ORDINARY SHARES HELD IN THE COMPANY (RIGHTS ISSUE OF RCPS-i C) S P SETIA BERHAD Kindly be advised that SPSETIA’s 2,472,010,007 new RCPS-i C issued pursuant to the Rights Issue of RCPS-i C will be admitted to the Official List of the Exchange and the listing and quotation of the RCPS-i C on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 30 November 2022. The Stock Short Name, Stock Number and ISIN Code of the RCPS-i C are “SPSETIA-PC”, “8664PC” and “MYL8664PC006” respectively. Announcement Info Company Name S P SETIA BERHAD Stock Name SPSETIA Date Announced 29 Nov 2022 Category Listing Circular Reference Number ILC-29112022-00046 27/12/2022 1:41 PM 1invest1 Signs are shown already. So many more billion shares flood mkt Shares become watered down, Dilution ! So much over build, unsold here & abroad Soft property mkt in 2023. Shareholders have options. Shift to sectors with good potential Safe banking & gaming stks to go to Strong Maybank, Public Bank, Genting Bhd Some smart investors already sold out. 28/12/2022 12:02 PM 1invest1 2 smart retail investors in forum sold out. Sold out 1 mth ago bcos saw down trend ! 28/12/2022 3:36 PM 1invest1 Make your money worked smarter, better Invest in cos w good cap appreciation & div Maybank, Genting Bhd, Public Bank. 28/12/2022 7:08 PM uemcapital All market is being slow. Construction is most profitable to come back. 03/01/2023 6:59 PM StartOfTheBull Construction and property are near bottom price. May come back soon, only if you can wait. 03/01/2023 7:36 PM 1invest1 This yr us econ unstable, rumors recession Here, likely slower growth for prop dev. So, challenging for prop stks to go up. 10/01/2023 5:22 PM soongoh Have SKP Setia 8664 PC bought rights entitlement at 38 Cts Dont know whether to convert to mother share/sell Called Tricor ,still waiting for response 11/01/2023 4:19 PM 1invest1 Generally, 3 types of stk buyer risk profiles 1) Super Aggressive/High Risk Taker High risk - high gain: maybe LOSE 2) Aggressive/Risk Taker Risky - can win: GentingB/GentingM 3) Moderately Aggressive/ Low Risk/Risk Adverse Taker Low risk - slow & sure win: Public Bank Bhd Want to bet & risk all - choose No 1 Risk taker - choose No 2 Risk adverse, shy away fr risk - choose No 3 Take your pick, each offers pros & cons. Better be safe than sorry. Not making any money is better than losing. Stay safe. 11/01/2023 9:47 PM DickyMe A couple years ago, DickyMe said this counter would become pariah stock trading below RM1. It happened. When a gem of company was forced to be handed over to monkeys, this is the state. This phenomenon, is a reality in all sectors and, industries where they are present. When monkeys touch, all becomes tatters. 12/01/2023 8:22 PM  speakup https://themalaysianreserve.com/2023/01/29/goldmans-solomon-joins-ceos-taking-pay-cuts-after-laying-off-thousands/ recession coming. good time to buy property to hedge against recession 29/01/2023 11:56 AM nicholas99 assets is assets.. value is value... actual sale value is different.. cash is king. 31/01/2023 11:19 AM speakup haha, just look at the massive debt then u know why major shareholders not taking it private 31/01/2023 2:22 PM speakup https://www.thestar.com.my/business/business-news/2023/02/02/housing-slump-deepens-from-us-to-china good time to buy! 02/02/2023 7:50 AM BursaMaster121212 gov will announce 4 good news for property market during budget next week...one of it is tax waive....that is why soon SP being the leader will limit up....now already start reacting 16/02/2023 3:57 PM nicholas99 market so bad already.. still want keep so high property gain tax for what? appreciation become so slow because all the rumah selangorku or rumah wip. 22/02/2023 4:52 PM 1invest1 Property developers set to face greater challenges in 2023, says Kenanga. https://www.theedgemarkets.com/node/659202 16/03/2023 12:04 PM 1invest1 With US SVB, FRB, Signature banks & Swiss Credit Suisse all going down, negative side-effects of bad publicity on banks are rampant now. Together with continued int rate hikes even locally will slow demand for property market. Add salt to wound with rising inflation domestically will sure hamper demand for new properties. With limited available funds, demand for high-end properties by SP Setia may take a big hit this year, 2023. All said, summarily, this year with all the negativity happening or may happen, more likely property share price may tank. Who knows how low this share may go. 16/03/2023 12:19 PM  | |
