The ASR Company Forecast | SP Setia Bhd

In economic climates best opportune for Japanese companies re-investible assets into the region, dual-listed companies run ways partaking real estates businesses in Malaysia and the immediate region to optimal infrastructural automation.

by Alexander Solomon

Sp Setia Berhad is a Malaysian property, infrastructure and business company. It was founded by well-known property development figure, Liew Kee Sin. Since its inception, SP Setia Berhad has become an established property development company based in Malaysia.

Founded in 1974 by parent company Permodalan Nasional Berhad, the group deals in Property Development along with key people of chairman, Tan Sri Dato’ Seri Dr. Wan Mohd Zahid Wan Mohd Noordin and President & CEO Dato’ Khor Chap Jen. (reference Wikipedia)

Source: Google/SPSetia

It was published on The Malaysian Reserve on 16 Nov 2020 “SP Setia confident of RM3.8b sales target during incentive period” stating the company registered a net loss of RM263.43 million in its 3Q ended Sept 30, 2020 (3Q20), due to its share of impairment of RM336.3 million from the group’s 40%-owned UK joint-venture company, Battersea Project Holding Co Ltd.

Excluding the impairment, SP Setia would have made a profit before a tax of RM117.2 million in 3Q20.

On 26 Jan 2021, The Malaysian Reserve published “SP Setia earnings to improve” with the company set to see improved earnings once the Covid- 19 pandemic headwinds subside, but will likely continue to see a flattish sales target for the year.

Source: Google/SPSetiamORE

8 Jan 2021, The Star published “More launches in the pipeline from SP Setia” and stated Hong Leong Investment Bank (HLIB) Research stated in a note yesterday the property and infrastructure company is on track to hit its sales target of RM3.8 billion with 76% of the amount achieved as at October 2020, with a booking pipeline of RM1.7 billion.

SP Setia chalked in RM2.3 billion worth of sales for the first nine months of 2020 and management said its total sales as at October 2020 stood at RM2.9 billion.

“Management shared that in the last five years, pipeline bookings hovered around RM700 million but this has recently risen to RM1.7 billion with an estimated conversion rate of 50%,” HLIB Research said.

Source: Google/SPSetia

To correct time of this report on 11 March 2021, SP Setia traded with Opening of 1.060 with Volume 10, 758, 800 through a Day’s Range 1.050 – 1.100 and Closing at 1.060.


As published on The Edge today, KLCI breaks four-day gaining streak on profit-taking. The FBM KLCI closed lower today on profit-taking, after rising over the last four trading days. The benchmark index finished 10.42 points or 0.64% down at 1,629.41.  

Malacca Securities research head Loui Low said investors decided to take profit after recent gains. Component stocks that dragged the KLCI today included Petronas Dagangan Bhd, Hap Seng Consolidated Bhd and Digi.Com Bhd. However, while the index-linked heavyweights were down today, the FBM Small Cap and FBM ACE indices closed higher.

A total 9.53 billion shares worth RM5.44 billion were traded on Bursa Malaysia today. Active counters included AirAsia X Bhd, Sauddee Group Bhd and Dagang NeXchange Bhd. 

Alexander Solomon LLP research identifies indicators from regional market wavelengths in recall for immediate recovery from the pandemic, an outbreak for change in both health and financial climates.

Moving into Q2 Y2021, markets in Greater China are performing on higher sentiments to rigours of daily trades with liquidity speculations exchanging hands, whilst the Euro markets emphasize onto deeper insights of June to September forecasts anticipating yet presumably another rocking up the year-end closing heavily on e-commerce.

Disclaimer: This is not a paid or sponsored article. The sources and information quoted are to correct time of reference. Opinions herewith are not intended to market make or manipulate trading interests of any parties. Readers may/may not forecast trading decisions from these findings. The writer bears no responsibility to market adjustments due from publish of this report.  


Alexander Solomon is an independent industry commentator and the author of adventure novels ‘Aces High @ 23 Wall Street’ and ‘F-A-M-E ‘ze Great’. He has worked in Singapore Police Force, Singapore International Monetary Exchange, Singapore Exchange, Mediacorp and Philip Capital.



Published by alexandersolomon

Alexander Solomon LLP Singapore ACRA T15LL1711H l l

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