{"id":3144,"date":"2021-04-14T09:10:43","date_gmt":"2021-04-14T09:10:43","guid":{"rendered":"https:\/\/spsetia.com\/?post_type=news&p=3144"},"modified":"2025-08-08T15:50:34","modified_gmt":"2025-08-08T07:50:34","slug":"maybank-ib-optimistic-s-p-setia-will-beat-rm3-8b-fy21-target-sales","status":"publish","type":"news","link":"https:\/\/spsetia.com\/zh\/news\/maybank-ib-optimistic-s-p-setia-will-beat-rm3-8b-fy21-target-sales\/","title":{"rendered":"Maybank IB optimistic S P Setia will beat RM3.8b FY21 target sales"},"content":{"rendered":"
\n
\n
\n

In a research note today, the investment bank said SP Setia has been carefully launching new units and so far, only new phases at existing township projects have been launched.<\/p>\n

\u201cElsewhere, the property developer\u00a0is reviewing its capital structure to leverage\u00a0the current low interest rate environment.<\/p>\n

\u201cIt is also looking to dispose of 524.07 hectares of non-core landbank worth RM2 billion in market value,\u201d it said.<\/p>\n

The investment bank said SP Setia also intends to resume its dividend payment and reward its ordinary shareholders this year once the Battersea Power Station (BPS) Phases 2 and 3A are completed, adding that the property developer\u00a0does not urgently require immediate funds for future developments at the BPS project.<\/p>\n

\u201cBPS Phase 2\u2019s expected completion is between\u00a0March and\u00a0August 2021\u00a0and completion of Phase 3A is between November 2021 and\u00a0March 2022,\u201d it said.<\/p>\n

It added that\u00a0SP Setia\u00a0halted\u00a0dividend payment in\u00a0FY20 after reporting a net loss of RM321 million, mainly due to\u00a0impairment.<\/p>\n

The investment bank has\u00a0maintained \u201cbuy\u201d call\u00a0on SP Setia, with an unchanged target price of RM1.39 per share.<\/p>\n

At\u00a011.47\u00a0am, SP Setia’s share price stood at\u00a0RM1.12.<\/p>\n<\/div>\n<\/div>\n<\/section>\n

\n
\n
\n

Related News<\/h2>\n

Looking for more news like this? Check out the articles below for more information and updates.<\/p>\n<\/div>\n

\n
\n
\n
<\/a><\/div>\n
\n

D\u2019Network @ Setia Eco Park welcomes fully vaccinated individuals<\/h4>\n<\/div>\n<\/div>\n
\n
<\/a><\/div>\n
\n

Underground station of Battersea Power Station opened today<\/h4>\n<\/div>\n<\/div>\n
\n
<\/a><\/div>\n
\n

S P Setia\u2019s inaugural virtual #Setia4Malaysia Unity Run open for registration<\/h4>\n<\/div>\n<\/div>\n
\n
<\/a><\/div>\n
\n

Last day at PPV Setia City Convention Centre<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Back to “Latest News”<\/a><\/div>\n<\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"

In a research note today, the investment bank said SP Setia has been carefully launching new units and so far, only new phases at existing township projects have been launched. \u201cElsewhere, the property developer\u00a0is reviewing its capital structure to leverage\u00a0the current low interest rate environment. \u201cIt is also looking to dispose of 524.07 hectares of […]<\/p>\n","protected":false},"featured_media":3059,"template":"","news_category":[16],"township-news":[],"venues-news":[],"class_list":["post-3144","news","type-news","status-publish","has-post-thumbnail","hentry","news_category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news\/3144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media\/3059"}],"wp:attachment":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media?parent=3144"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news_category?post=3144"},{"taxonomy":"township-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/township-news?post=3144"},{"taxonomy":"venues-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/venues-news?post=3144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}