SP Setia upgraded to ‘buy’ at Kenanga

Posted on | October 25, 2010

By BLOOMBERG

SP Setia Bhd, Malaysia’s largest property developer, had its stock rating upgraded at Kenanga Investment Bank Bhd to reflect the company’s earnings growth prospects.

The company was raised to “buy” from “trading buy” and its fair value increased to RM5.50 from RM4.78, Yeow Yeonzon, an analyst, said in a report today.

- Malaysia Property News

You might also like

Ratings of SP Setia, IGB upgraded By BERNAMA SP Setia Bhd, Malaysia’s biggest property developer, and IGB Corp had their stock ratings...

Sunway a ‘buy’, stock climbs By BLOOMBERGSunway City Bhd, a Malaysian property group, was upgraded at HwangDBS Vickers Research Sdn...

Malaysia property sector upgraded By BLOOMBERG Malaysia’s property industry was upgraded at OSK Research Sdn Bhd, which said the sector...

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