Ratings of SP Setia, IGB upgraded

Posted on | September 3, 2010

By BERNAMA

SP Setia Bhd, Malaysia’s biggest property developer, and IGB Corp had their stock ratings upgraded at OSK Research Sdn Bhd to reflect their growth prospects.

SP Setia was raised to “buy” from “take profit” while its share price estimate was increased to RM6.31 from RM3.59, OSK said in a report today.

IGB was raised to “buy” from “neutral” and its target price revised to RM2.41 from RM1.94.

- Malaysia Property News

You might also like

SP Setia upgraded to ‘buy’ at Kenanga By BLOOMBERG SP Setia Bhd, Malaysia’s largest property developer, had its stock rating upgraded...

SP Setia downgraded, stock climbs By BLOOMBERGSP Setia Bhd, Malaysia’s biggest property developer, was downgraded to “market perform”...

SP Setia raised to ‘outperform’ By BLOOMBERGSP Setia Bhd, Malaysia’s biggest property developer, was raised to “outperform” from...

Builders fall on property tax By THE STARKUALA LUMPUR: IJM Land Bhd led real estate stocks lower and builders fell after Prime Minister...